Graduate Education Institute · Architecture · Master
Course Objective
The aim of this course is to define the basic economic concepts and the relation of the construction sector. This course provides students with an understanding of basic micro and macro economic approaches and their impact on the construction sector.
Course Content
Construction economy in the micro-economic level, actors in the construction economy (customers, contractors, architects, engineers, inspectors, etc.). The construction economy at the macroeconomic level is the relationship between the construction sector and all other sectors within the national economy. Efficiency principles for employment in the construction economy at the macroeconomic level. Budgeting methods; alternate product costing methods, pricing and decision-making process; production cost, project cost, process and JIT costing, decentralization and transfer pricing in production, efficiency measurement.
Required Resources
Course notes.
Recommended Resources
Course notes.
Course Learning Outcomes
- Ability to solve problems in the thesis field
- Having knowledge in production economics
- Ability to use the knowledge and skills gained in the field of construction economy in the construction industry.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 15 | 3 | 45 |
| Out of Class Study Period | 15 | 2 | 30 |
| Midterm | 1 | 25 | 25 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 40 | 40 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 50 | 50 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Course Introduction | Reading resources |
| 2 | Construction Economics at the Microeconomic Level | Basic economic term research |
| 3 | Actors in the Construction Economy | Reading resources |
| 4 | Construction Economics at Macro-Economic Level | Reading resources |
| 5 | The Relationship Between the Construction Sector and All Other Sectors Entering the National Economy | Reading resources |
| 6 | Productivity Principles for Employment in the Construction Economy at Macroeconomic Level | Reading resources |
| 7 | Budgeting Methods Alternative Product Cost Methods | Reading resources |
| 8 | Mid term exam | Mid term exam |
| 9 | Pricing and Revenue Factors of the Decision Process | Reading resources |
| 10 | Production Cost, Project Cost | Sample search |
| 11 | Process and JIT Costing | Reading resources |
| 12 | Decantralization and Transfer Pricing in Production, Yield Measurement | Reading resources |
| 13 | Student presentation | Preparing a presentation |
| 14 | Student presentation | Preparing a presentation |
| 15 | Student presentation | Preparing a presentation |
| 16 | Final exam | Final exam |