--%>
Assignment Help - homework help

The Economics Of Property And Construction

There are THREE questions in this assignment.

The overall word length for this assignment should be in the range of 2,000-2,500 words. You may incur a penalty if you exceed the upper value. You must state the total number of words used at the end of your assignment; however, the content of appendices and references/bibliographies may be excluded from your word count.

You must acknowledge in your assignment the sources of information that you have included using the Harvard system of referencing. Please refer to CEM's guide on the VLE under 'Study Skills'.

Please note: Your assignment may be checked using anti-plagiarism software.

Use diagrams where appropriate.

QUESTION 1

'In analysing the market for property space the important feature about demand is that it is derived and the important feature about supply is that it is inelastic.'

Critically discuss this statement with reference to theoretical insights into the demand and supply of office space.

QUESTION 2

Explain how innovation and mechanisation in the construction sector of your economy could influence productivity.

QUESTION 3

Explain, with examples, how urban planning policies can reduce the adverse effects of the following property market inefficiencies:

a)      seller power

b)      imperfect information

c)       external benefits.

Submission of assignments Online

  • You may submit your assignment online. Please refer to the online guidance notes for up-to-date submission information.
  • You will need to be familiar with these guidance notes prior to the submission deadline. Please note that it is your responsibility to ensure that your assignment is successfully received on time.

By post

  • You may submit your assignment by post at any time up to and including the due date. Please complete a coursework submission form and staple it to your assignment.
  • You must retain proof of postage until after you have received the marked assignment.

   Related Questions in Business Economics

  • Q : Problem on opportunity cost buying a

    After agonizing regarding whether to buy a hot dog or a hamburger along with his last dollar while he goes to the fair, Jeeter at last chooses the hot dog. The hamburger shows Jeeter's: (i) normative choice, because it would be more nutritious. (ii) opportunity cost o

    		•
  • Q : Distinguish between allocative

    Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?

    		•
  • Q : Resource markets in simple circular

    Can someone help me in finding out the right answer from the given options. In resource markets in a simple circular flow model, house-holds exchange their _________ for _________. (1) Resources | income. (2) Goods | profits. (3) Labor | goods. (4) Devotion | enlighte

    		•
  • Q : Checkout problem A grocery store chain

    A grocery store chain is considering ways to improve the performance of the waiting lines at their checkout stands. A heavily trafficked checkout stand is monitored for 120 min. In that period, 60 customers have their groceries rung up, and depart from the store. The

    		•
  • Q : Why producers not be able to find

    Why producers not be able to find enough paying buyers for “public goods”?

    		•
  • Q : Costs for a firm Question:  (a)      

    Question:  (a)       Complete the following table of costs for a firm.  (Note: enter the figures in the MC  column between outputs of  0 and 1, 1 and 2, 2 and 3, etc.) 

    		•
  • Q : Characteristics of Perfectly

    Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers.

    Q : Determine the lowest average wages

    Consider a huge group of identically smart and strong industrious workers. All else identical, Adam Smith would predict such that the lowest average wages would be earned through the workers who were in the work that: (1) had the leas

    		•
  • Q : Illustrate the changes in Demand

    Illustrate the changes in Demand, Supply and Equilibrium?

    		•
  • Q : What are the 4 phases of the business

    What are the 4 phases of the business cycle?

    		•