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Construction Economics

An Introduction

  • Textbook
  • © 1997

Overview

Authors:
  1. Stephen L. Gruneberg

    1. School of Construction, South Bank University, London, UK

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Part of the book series: Building and Surveying Series (BASS)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction to the Economics of Construction

    1. Introduction to the Economics of Construction

      • Stephen L. Gruneberg
      Pages 1-13

  3. The Construction Sector

    1. Front Matter

      Pages 15-15
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    2. The Construction Industry in a Historical Context

      • Stephen L. Gruneberg
      Pages 17-36

    3. Construction and the Economy

      • Stephen L. Gruneberg
      Pages 37-67

    4. Supply and Demand in Construction

      • Stephen L. Gruneberg
      Pages 68-97

    5. Economic Structure of the Construction Industry

      • Stephen L. Gruneberg
      Pages 98-125

    6. Construction Labour Economics

      • Stephen L. Gruneberg
      Pages 126-140

  4. The Economics of the Firm

    1. Front Matter

      Pages 141-141
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    2. Costs, Revenues and Pricing

      • Stephen L. Gruneberg
      Pages 143-166

    3. Markets

      • Stephen L. Gruneberg
      Pages 167-176

    4. Basic Accounting Concepts

      • Stephen L. Gruneberg
      Pages 177-194

    5. Planning and Control of Firms and Projects

      • Stephen L. Gruneberg
      Pages 195-206

  5. Project Appraisal

    1. Front Matter

      Pages 207-207
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    2. Introduction to Feasibility Studies

      • Stephen L. Gruneberg
      Pages 209-228

    3. Financial Appraisal

      • Stephen L. Gruneberg
      Pages 229-251

    4. Cost-Benefit Analysis

      • Stephen L. Gruneberg
      Pages 252-264

  6. Back Matter

    Pages 265-276
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Keywords

About this book

This book deals with the economics of construction at three levels: the industry, the firm and the project. It is intended for a broad range of undergraduate students of the built environment - architect, surveyor, engineer. It is divided into three parts: the first deals with the construction industry, its economic development, structure and role in the economy. Construction is seen as a production process. Part 2 covers the practical management of firms and examines costs, revenues and markets from the point of view of economists and managers. Part 3 deals with strategic decision making involved in property development and project appraisal and looks at feasibility studies. It links the economics of the production process of construction to the economics of its output, namely the buildings and structures of the built environment.

Authors and Affiliations

  • School of Construction, South Bank University, London, UK

    Stephen L. Gruneberg

About the author

STEPHEN L GRUNEBERG is an economist with an interest in the construction industry, He began teaching economics on quantity surveying and building courses at Napier College in Edinburgh in the late 1970s. In the mid-1980s he taught economics to postgraduate architects at the then North London Polytechnic. Since 1988 he has been a Senior Lecturer in Economics in the School of Construction at South Bank University. He is also a visiting lecturer at University College London and at the University of Bath.

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