BLAR13047 - Construction Economics 1
Term 1 - 2017


All details in this unit profile for BLAR13047 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

As you study this unit, your overall aim is to: understand macro economics, the markets and their dimensions, World and local economies and policy instruments; fully understand the effect of supply, demand prices and stocks; and become familiar with procedures, principles and methods of project costing, bills of quantities and life cycle analysis.

Details

Career Level Undergraduate
Unit Level Level 3
Credit Points 6
Student Contribution Band 2
Fraction of Full-Time Student Load 0.125

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 1 - 2017
  • Distance

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Written Assessment 30%
2. Written Assessment 35%
3. Written Assessment 35%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback Source Recommendation
• The way the course material was delivered by the lecturer; easy to follow/learn structure. All and any questions to the lecturer were answered thoughtfully, thoroughly and in a manner that is explained perfectly. • The assignment questions where not OVER the top in work load and provided realistic requirements and allocations of marks. Moodle course evaluation Good to know that the delivery method was helpful towards learning progress and assessments completion. Thank you for your feedback. Will continue to do our level best in the next offer as well.
On successful completion of this unit, you will be able to:
  1. Describe the various activities, and marketplace relationships that exist in the national economy
  2. Explain the need for economic policy and the ability for policy to resolve economic problems
  3. Describe the impact of supply and demand on the construction industry
  4. Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating
  5. Have an understanding of how computer based estimating tools can assist the preparation of project costing, estimating and administration


Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment    
2 - Written Assessment      
3 - Written Assessment      

Alignment of Graduate Attributes to Learning Outcomes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5
1. Communication
2. Problem Solving
3. Critical Thinking
4. Information Literacy
5. Team Work          
6. Information Technology Competence
7. Cross Cultural Competence          
8. Ethical practice          

Alignment of Assessment Tasks to Graduate Attributes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Written Assessment      
2 - Written Assessment      
3 - Written Assessment      

Corrections

Date Updated Information
20-Jan-2017 15:41

Textbook Correction:

Construction Economics: A New Approach 4th Edition

ISBN-13: 978-1138183728

ISBN-10: 1138183725

Publisher: Routledge

Prescribed Textbooks

Basic building economics
Author/s: Sierra, J Year: 1999
Edition: Publisher: Australian Institute of Quantity Surveyors
City: Canberra State State: ACT
Country: Australia
Construction Economics : A New Approach
Author/s: Myers, D Year: 2013
Edition: 3rd edn Publisher: Taylor and Francis
City: London
Country: UK
View textbooks at the CQUniversity Bookshop
Note:

*Note: Students to purchase Sierra text directly from Australian Institute of Quantity Surveyors (AIQS) at www.aiqs.com.au*

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
  • MS Office or equivalent software
  • Webcam and microphone/headset
All submissions for this unit must use the Harvard (author-date) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorNeda Abbasi (n.abbasi@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

1-Introduction to economics

Begin Workbook

Week 2 13-03-2017

2-Macro economics

Week 3 20-03-2017

3-Micro economics - Supply and demand

Week 4 27-03-2017

3-Micro economics - Supply and demand

Week 5 03-04-2017

4-Life cycle cost analysis

Assessment 1 Due Tuesday (4 April 2017) 11:45 PM AEST

A1 Due Tuesday (04 Apr 17) 11:45 PM AEST
Vacation Week 10-04-2017
Week 6 17-04-2017

4-Life cycle cost analysis

Week 7 24-04-2017

5-Project costing and estimating

Week 8 01-05-2017

5-Project costing and estimating

Week 9 08-05-2017

5-Project costing and estimating

Assessment 2 Due Tuesday (9 May 2017) 11:45 PM AEST

A2 Due Tuesday (09 May 17) 11:45 PM AEST
Week 10 15-05-2017

6-Bills of quantities

Week 11 22-05-2017

6-Bills of quantities

Week 12 29-05-2017

7-Computer based costing

Review/Exam Week 05-06-2017

Assessment 3 Due Tuesday (6 June 2017) 11:45 PM AEST

A3 Due Tuesday (06 Jun 17) 11:45 PM AEST
Exam Week 12-06-2017

1 Written Assessment

Assessment Title A1
Task Description
This assessment questions cover aspects of structural changes in the economy (Global and Local) and covers aspects of economic policy.
The assessment length is approximately 2000 words (+-10%).
Assessment Due Date Week 5 Tuesday (04-Apr-2017) 11:45 PM AEST
Return Date to Students Week 7 Tuesday (25-Apr-2017)
Weighting 30%
Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.

Referencing Style Harvard (author-date)
Submission Online

A single word file or pdf file

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Describe the various activities, and marketplace relationships that exist in the national economy

2. Explain the need for economic policy and the ability for policy to resolve economic problems

3. Describe the impact of supply and demand on the construction industry

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

6. Information Technology Competence



2 Written Assessment

Assessment Title A2
Task Description
This assessmentquestions cover aspects of supply and demand of the economy. Aspects of life cycle analysis, cost analysis and source data for cost analysis calculations are also covered. The assessment length is approximately 2000 words (+-10%).
Assessment Due Date Week 9 Tuesday (09-May-2017) 11:45 PM AEST
Return Date to Students Week 11 Tuesday (23-May-2017)
Weighting 35%
Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.

Referencing Style Harvard (author-date)
Submission Online

A single word file or pdf file

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

3. Describe the impact of supply and demand on the construction industry

4. Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

6. Information Technology Competence



3 Written Assessment

Assessment Title A3
Task Description
This assessment has questions cover aspects quantity calculations to suite specific projects, procedures and key practices for the compilation of estimates and the impact of estimating software on the estimation methodologies.
The assessment length is approximately 2000 words (+-10%).
Assessment Due Date Review/Exam Week Tuesday (06-Jun-2017) 11:45 PM AEST
Return Date to Students Two weeks after the published submission due date.
Weighting 35%
Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.

Referencing Style Harvard (author-date)
Submission Online

A single word file or pdf file

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

4. Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating

5. Have an understanding of how computer based estimating tools can assist the preparation of project costing, estimating and administration

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

6. Information Technology Competence




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