Students are required to produce a report to a client on the construction industry’s future directions and possible business directions. Report should not exceed 3000 words (excluding tables and references). This assignment includes following tasks:
• Discuss the construction industry’s contribution to (and the influence on) the macroeconomic environment.
• Present the past and current status of the construction industry with the analysis of statistical data and policy papers/distinguished speeches/press reports etc.
o Factual economic data from variety of sources such as Australian Bureau of Statistics, Reserve Bank of Australia, industry focused forecasting groups, government budgets etc.
o And also opinions from reputed sources (budget speeches, political announcements, speeches form members holding responsible position in Governor of RBA, Chairman of MBA or HIA etc).
Economics of the Construction Industry – Course Outline 2015
• Produce a forecast report to identify the growth sectors of the construction industry (building or civil engineering) in the light of macroeconomic (monetary and fiscal) policies and market conditions and recommend a growth sector to the client. A synthesised discussion on both fact based hard (numerical data) and opinion based soft data (speeches and interviews of a person of authority in the area of economies) will provide the opportunity to forecast the future. The discussion should be placed in the context of Economic theories, particularly Fiscal and Monetary theories. The report should be logically structured and ‘data analysis’, ‘synthesis’ and ‘evaluation’ be clearly identified.