Construction Economics

A New Approach

Danny Myers (University of the West of England, UK, and University of Bath, UK)

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English

Routledge
23 May 2022

Development studies; Property & real estate; The environment; Quantity surveying; Building construction & materials

Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry. Its new approach specifically examines the problems of securing sustainable construction and this fifth edition broadens the message to address the immediacy of the problems relating to the carbon-based world that we have constructed.

Embracing the whole process of the construction life cycle, the new edition discusses the economic impact of the Covid pandemic on the industry and the broader implications of the promise to build back better. It also includes new coverage of the opportunities offered by technology, the establishment of higher standards to achieve greater energy efficiency and wellbeing, the adoption of the principles of a circular economy, the retrofit of existing buildings and the recycling of materials. New sections also highlight the methodology of the subject to identify the boundaries of construction economics and clarify what to expect and what can be achieved.

As with previous editions, it retains a tried and tested format including:

a clear and user-friendly style

use of colour for emphasis

regular summaries of key points

a glossary of key terms

extensive use of tables, figures and data

readings from Construction Management and Economics

tutorial questions to review each section

research guidance

reviews of useful websites.

This invaluable textbook is essential reading across a wide range of disciplines. It provides the economic context to the relevance of sustainability and debates about climate change, highlighting the vital contributions that surveyors, contractors, project managers, engineers, architects and developers can offer to take it forward.

By: Danny Myers (University of the West of England UK and University of Bath UK)
Imprint: Routledge
Country of Publication: United Kingdom
Edition: 5th edition
Dimensions: Height: 246mm, Width: 189mm,
Weight: 839g
ISBN: 9781032262826
ISBN 10: 1032262826
Pages: 356
Publication Date: 23 May 2022
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Introduction to the Fifth Edition Chapter 1: An Introduction to the Basic Concepts Reading 1 Research Guidance: Introduction Part A Effective Use of Resources Chapter 2: Economic Systems for Resource Allocation Chapter 3: The Market Mechanism Chapter 4: The Theory of Demand Chapter 5: The Theory of Supply Chapter 6: Clients and Contractors Chapter 7: Costs of the Construction Firm Chapter 8: Types of Market Structure in the Construction Industry Reading 2 Reading 3 Research Guidance: Literature Review Part B Protection and Enhancement of the Environment Chapter 9: Markets for Green Buildings and Infrastructure Chapter 10: Market Failure and Government Intervention Chapter 11: Environmental Economics Reading 4 Research Guidance: Data Collection Part C Economic Growth that Meets the Needs of Everyone Chapter 12: Managing the Macroeconomy Chapter 13: The Economy and Construction: Measurement and Manipulation Chapter 14: The Business Case: Inflation and Expectations Reading 5 Research Guidance: Critical Thinking Chapter 15: Sustainable Construction Reading 6 Reading 7 Reading 8 Research Guidance: Triangulation Glossary References Index

Danny Myers is an experienced author who worked for many years as a researcher and lecturer at the University of Bath and UWE in Bristol. He is currently an associate tutor at the University College of Estate Management.