Synopsis
Topics
- Introduction to Economics
- Macroeconomics
- Microeconomics
- Governmental Intervention and Government Policies
- Competition and Barriers
- Government Policies (e.g. workers’ levy and man-year entitlements)
- International Economics
- Porter’s Diamond Model and Dunning’s Eclectic Paradigm
- Property and Construction Cycles and Markets
- Construction Data and Economic Evaluation Approaches
- Construction Economics and Management
- Risk Management
Learning Outcome
- Outline the history and schools of thoughts in economics
- Describe mechanisms and systems in microeconomics and macroeconomics
- Explain the rationale for government intervention, and concepts such as “pump-priming”
- Identify events that could affect the economy
- Identify policies that could affect construction businesses
- Evaluate the competitiveness of a firm in a market
- Analyze market trends and developments and their impact on property and construction businesses
Who Should Attend
Executive who requires knowledge in construction.
Relevance of Course to employment/upskilling/reskilling
This course equips learners with essential economic knowledge to analyze factors affecting the construction and property markets, including macro and micro economic systems, government policies, competition, and market cycles. These skills are directly relevant for roles in project development, cost management, and strategic planning, where understanding economic forces and policy impacts is crucial. It supports upskilling and reskilling by strengthening learners’ ability to interpret construction data, assess market trends, evaluate firm competitiveness, and make informed decisions in resource constrained project environments.
Admissions Prerequisites
- Diploma or an equivalent qualification from a recognized institution.
Please refer to Undergraduate CET Admission Eligibility Criteria for Undergraduate CET Modular Courses.
Schedule
| Week | Day | Time | Topic |
|---|---|---|---|
| 2 | Wednesday | 7pm - 10pm |
|
| 4 | Wednesday | 7pm - 10pm |
|
| 6 | Wednesday | 7pm - 10pm |
|
| 8 | Wednesday | 7pm - 10pm |
|
| 10 | Wednesday | 7pm - 10pm |
|
| 12 | Wednesday | 7pm - 10pm |
|
Assessments
The overall course grade is determined by
- Assignments, Online Test, Written Exam
Trainer Info
Dr Josh Ng holds a PhD from the National University of Singapore, along with postgraduate qualifications in real estate and training & development. He brings nearly three decades of experience across higher education, real estate, facilities management, and project management, including academic leadership and teaching roles. Dr Ng has taught widely as adjunct faculty at leading institutions and has held senior leadership positions in private education as well as corporate real estate roles with major public and private sector organizations.
Dr Patrick Lam holds an MSc in Construction Management, a Diploma in Finance, and a PhD in Construction Management. He has over 40 years of experience across academia, consultancy, and professional practice, beginning with 10 years in quantity surveying in Hong Kong and Singapore before progressing to an academic career at Hong Kong Polytechnic University, where he had supervised PhD students, secured major research funding, and published extensively. He currently serves as an Associate Lecturer with SIM and is professionally accredited with bodies such as MSISV, MRICS, MHKIS, and MSIArb.Course Completion requirements
- Participants are required to achieve at least 75% attendance and pass any prescribed examinations/assessments or submit any course/project work (if any) under the course requirement.
- Participants are required to complete all surveys and feedbacks related to the course.
- The course fees are reviewed annually and may be revised. The University reserves the right to adjust the course fees without prior notice.
- Singapore University of Social Sciences reserves the right to amend and/or revise the above schedule without prior notice.
Course Fees, payment and refund policy
| International Participants | Singapore Citizens (below 40yrs), Permanent Residents | Singapore Citizens (40yrs and above) SkillsFuture Mid - Career Enhanced Subsidy1 | Enhanced Training Support for SMEs2 (Singaporean and PRs) | |
|---|---|---|---|---|
| Full Course Fees (A) | $1,753.00 | $1,461.00 | $1,461.00 | $1,461.00 |
| SSG Grant Rate (B) | 0% | 70% | 70% | 70% |
| SSG Grant (C) | - | $1,022.70 | $1,022.70 | $1,022.70 |
| Nett course fees (A) - (C) = (D) | $1,753.00 | $438.30 | $438.30 | $438.30 |
| 9% GST on Nett course fees (E) | $157.77 | $39.45 | $39.45 | $39.45 |
| SSG Enhanced Funding Rate (F) | 0% | 0% | 20% | 20% |
| SSG Enhanced Grant (G) | - | - | $292.20 | $292.20 |
| Total nett course fee payable, including GST (D) + (E) - (G) = (H) | $1,910.77 | $477.75 | $185.55 | $185.55 |
For the various payment modes, please refer here.
For the refund policy, please refer here.
For clarification, please contact the SUSS Academy via the following:
Telephone: +65 6248 0263
Email: [email protected]