Construction Economics: A New Approach

Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry, focusing on securing sustainable construction and the economic impact of the Covid pandemic. It also includes new coverage of technology, higher standards, a circular economy, retrofit of existing buildings, and recycling of materials.

Format: Paperback / softback
Length: 356 pages
Publication date: 23 May 2022
Publisher: Taylor & Francis Ltd

Construction Economics is a comprehensive textbook that delves into the intricate relationship between economic theory and the construction industry. With its fifth edition, the book takes a fresh approach by focusing on the challenges of achieving sustainable construction, particularly in the context of the carbon-based world we have created. By embracing the entire construction life cycle, the textbook discusses the economic impact of the COVID-19 pandemic on the industry and the broader implications of the promise to build back better. It also includes extensive coverage of opportunities offered by technology, the establishment of higher standards for greater energy efficiency and well-being, the adoption of circular economy principles, the retrofitting of existing buildings, and the recycling of materials.

New sections in the textbook highlight the methodology used in construction economics to identify its boundaries and clarify what can be expected and achieved. The book retains its familiar format, including clear and user-friendly writing, the use of color for emphasis, regular summaries of key points, a comprehensive glossary of key terms, extensive use of tables, figures, and data, readings from Construction Management and Economics, tutorial questions to review each section, research guidance, and reviews of useful websites.

This textbook is an invaluable resource for students across a wide range of disciplines, as it provides the economic context to the relevance of sustainability and debates about climate change. It highlights the vital contributions that surveyors, contractors, project managers, engineers, architects, and developers can make in achieving sustainable construction and building a more resilient and sustainable future. Construction Economics is a must-read for anyone interested in the intersection of economics and the construction industry.

Weight: 878g
Dimension: 188 x 245 x 27 (mm)
ISBN-13: 9781032262611
Edition number: 5 ed