Basics of Construction Economics (5 cr)

Objective

On completion of the course the student knows
- the phases and active parties of a construction project
- the significance of the construction industry in the society
- the different branches of the construction industry
- the basics of the central topics in construction economics
- the basic concepts of construction and project economy.

Content

Basics of Construction Economics in different areas: phases of construction and parties involved, building in community, building project, project management, cost management, timetables, quality control, procurement, real estate management.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student is familiar with the phases and active parties of a construction project.
The student knows the basic concepts of construction economics.
The student understands the significance of the construction industry in the society.
The student knows the central topics in basic construction economics.

Assessment criteria, good (3)

The student is able to describe the contents of the different topics in construction economy.
The student is familiar with how a building project proceeds and knows the central plans related to production management.

Assessment criteria, excellent (5)

The student knows the contents of the central topics in construction economy and knows how they are related.
The student knows well the concepts related to construction economy.

Assessment criteria, approved/failed

The student is familiar with the phases and active parties of a construction project.
The student knows the basic concepts of construction economics.
The student understands the significance of the construction industry in the society.
The student knows the central topics in basic construction economics.

Qualifications

None