Identify different construction markets and assess their economic importance.

Proposal include:

Introduction: state the problem/need that you are going to address and provide a short description of the project, including what you propose, who it will benefit.

Project Description: This section should include:

1- Objectives – State your objectives as measurable outcomes of the solution. Be specific – make sure your solution is achievable within a specific time frame and measurable

2- Method – Describe the specific action items (actions that need to be taken in order to meet the objectives). Answer the following questions: How, When, and Why.

Conclusion: Review your proposal briefly.

Time-plan (in days).

Objective:

To provide and assist knowledge in the economics of the construction sector such as the economic decisions of firms in the industry: general contractors, house builders, material manufacturers and consultant organizations. It also describes the structure of demand in the various markets in which construction firms operate and it examines the production responses of the firms to changing market conditions. It also discusses the impact of the macroeconomic environment on the decisions of the firm.

Outcomes:

1. Identify different construction markets and assess their economic importance.

2. Demonstrate the basis of economic decisions taken by construction firms.

Tasks:

It is required choose and write a report in economics related to the construction sector. The topics of the coursework essay may be chosen on the following:

Economic issues in overseas contracting.

Planning and forecasting for construction markets.

Types of firm operating in the construction sector.

Basic cost analysis for construction firms.

Construction factor markets, to include aspects of labor, capital and land markets.

Report Structure:

Introduction

Literature Review

Main body of the report

Conclusions

References (8 References Minimum)