Singapore University of Social Sciences

Construction Economics

Construction Economics (BPM201)

Applications Open: 01 May 2024

Applications Close: 15 June 2024

Next Available Intake: July 2024

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1391.78 View More Details on Fees

Area of Interest: Built Environment

Schemes: Alumni Continuing Education (ACE)

Funding: SkillsFuture

School/Department: School of Science and Technology


BPM201 Construction Economics provides students the theoretical and practical knowledge, and the analytical skills necessary to understand the key events that shape or affect the property markets and construction activities. The principles of economics and the rationalities behind the production, distribution, and consumption of goods and services are explained. These are then related to construction economics, the study of how individuals and groups make decisions with limited resources so as to best satisfy clients' wants, needs, and desires in property and construction businesses.

Level: 2
Credit Units: 5
Presentation Pattern: EVERY JULY


  • 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
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