Modules

Core Module Information
Module title: Building Economics
SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: BSV11111
Module leader: Temidayo Osunsanmi
School School of Computing, Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

This module is designed to provide you with a comprehensive understanding of the macroeconomic factors that influence the construction industry and the innovative practices that drive its growth and sustainability. You'll start by exploring the macroeconomic overview of the national economy, focusing on the five significant components: banks, households, government, firms, and the external sector. You'll learn how each of these components plays a crucial role in ensuring economic growth. However, the focus will be on the firm which is described as the construction industry in this module. You'll explore the role of the construction industry in driving other components of the macroeconomy.Additionally, you will delve into economic models of urban location and growth, learning about urban land economics and the theories that support urban development. You will examine the economic challenges that arise from construction activities in urban areas, providing you with insights into the economic aspects of urban problems caused by the construction industry. Furthermore, you'll explore the innovative practices adopted by construction firms to overcome urban economic challenges. You'll learn about balancing cost and value in construction projects, covering principles such as developers' budgets, whole-life costing, cost geometry, and value management. Also, you will explore how technologies driven by the Fourth Industrial Revolution are utilised by construction firms to reduce costs and enhance the value of their projects.Throughout this module, you'll engage in interactive lectures, group discussions, and hands-on projects designed to stimulate critical thinking and collaboration. By the end of the module, you'll have a solid foundation in macroeconomic principles as they relate to the construction industry, urban economic models, and innovative construction practices, preparing you for a successful career in the construction industry.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Analyse, evaluate and apply economic principles to appropriate aspects of urban land, property and building construction.

LO2: Explain the application of economic principles in the property and construction sector.

LO3: Evaluate models of urban development and economic aspects of urban problems.

LO4: Acquire technical knowledge of how to apply development appraisal techniques.
Full Details of Teaching and Assessment
2024/5, Trimester 1, Blended,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Temidayo Osunsanmi
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 30 Each week, you will attend a three-hour interactive lecture designed to stimulate critical thinking and foster a collaborative environment. This will enhance your understanding of building economics.
Online Guided independent study 160 A learning approach where students take responsibility for their own learning process, with support and direction from academics through tutorials and assessments. This method combines the independence of self-directed study with the guidance of a structured framework provided by academic staff.
Face To Face Tutorial 10 Each day, you will engage in reinforcement learning through interactive discussions based on lecture slides and notes.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Essay 50 1~2~3~4 Week 8 , WORDS= 2500 words You will write an essay on how the construction industry can serve as a tool for driving the Global economy.
Report 50 1~2~3~4 Week 12 , WORDS= 2500 You will write a report on the innovative practices adopted by construction firms to overcome economic challenges in urban areas. Additionally, you will review the role of the government in regulating the economy.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
BSV11111
 

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