"Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry"--
Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry.
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 5th 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 lifecycle, 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 well-being, 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 and identify the boundaries of construction economics to clarify the approach of a construction economist and identify what to expect and what can and cannot be achieved. As with previous editions, it retains a tried and tested format including: • a clear and user-friendly style • use of a second colour for emphasis • regular summaries of key points • a glossary of key terms • extensive use of tables and figures and fully updated data sets • extracts from Construction Management and Economics followed by a new research section that informs the journey involved in writing a dissertation or extended essay • 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, engineers, architects, and developers can offer to take it forward.
