Publisher Description

This book deals with the economics of construction at three levels: the industry, the firm and the project. It is intended for a broad range of undergraduate students of the built environment - architect, surveyor, engineer. It is divided into three parts: the first deals with the construction industry, its economic development, structure and role in the economy. Construction is seen as a production process. Part 2 covers the practical management of firms and examines costs, revenues and markets from the point of view of economists and managers. Part 3 deals with strategic decision making involved in property development and project appraisal and looks at feasibility studies. It links the economics of the production process of construction to the economics of its output, namely the buildings and structures of the built environment.

Author Biography

STEPHEN L GRUNEBERG is an economist with an interest in the construction industry, He began teaching economics on quantity surveying and building courses at Napier College in Edinburgh in the late 1970s. In the mid-1980s he taught economics to postgraduate architects at the then North London Polytechnic. Since 1988 he has been a Senior Lecturer in Economics in the School of Construction at South Bank University. He is also a visiting lecturer at University College London and at the University of Bath.

Table of Contents

Preface.- Acknowledgements .- Introduction to the Economics of Construction .- PART 1 The Construction Industry in an Historical Context.- Contribution of the Construction Industry to the Economy Supply and Demand in Construction .- Economic Structure of the Construction Industry .- Labour Relations in the Construction Industry .- PART 2 Costing in the Office Markets .- Basic Accounting Concepts .- Planning and Control of Firms and Projects .- PART 3 Introduction to Feasibility Studies .- Financial Appraisal .- Cost Benefit Analysis .- Index.

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