This book is designed to be of interest to students of construction, building and civil engineering who need to understand how economic factors affect their industry, but who do not have the time to unravel general economics texts. Concepts are introduced simply, with a minimum of theory and plenty of emphasis from the property and construction industry. Diagrams, self-assessment and question-and-answer sections help the reader understand the topics covered.
The subject matter of economics - the economizing problem: economic systems; cost-benefit analysis; price determination in the market - demand and supply; interference in the market; the economics of the firm - costs of production and market structures; factor markets; the size of firms; the location of industry; business organizations and the raising of finance; the building and property industries - the structure of the building industry; the housing market; investment and the property market; the government and the economy - economic objectives of government; fiscal policy; monetary policy; the UK economy in an international context.