CQUniversity Unit Profile
BLAR13047 Construction Economics 1
Construction Economics 1
All details in this unit profile for BLAR13047 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student).
The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.
General Information

Overview

As you study this unit, your overall aim is to: understand macro economics, the markets and their dimensions, World and local economies and policy instruments; fully understand the effect of supply, demand prices and stocks; and become familiar with procedures, principles and methods of project costing, bills of quantities and life cycle analysis.

Details

Career Level: Undergraduate
Unit Level: Level 3
Credit Points: 6
Student Contribution Band: 8
Fraction of Full-Time Student Load: 0.125

Pre-requisites or Co-requisites

There are no requisites for this unit.

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Offerings For Term 1 - 2020

Online

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Class and Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Bundaberg, Cairns, Emerald, Gladstone, Mackay, Rockhampton, Townsville
Adelaide, Brisbane, Melbourne, Perth, Sydney

Assessment Overview

1. Written Assessment
Weighting: 30%
2. Written Assessment
Weighting: 35%
3. Written Assessment
Weighting: 35%

Assessment Grading

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.

Previous Student Feedback

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback from Unit Evaluation Survey

Feedback

The lecturer was very good at explaining each assessment item and provided videos where he would go through each assessment and explain what he wants.

Recommendation

We will continue to engage experienced lecturer and to include assessment items that are clearly described.

Feedback from Unit Evaluation Survey

Feedback

The resources provided in this unit was interesting to learn about as well as use them in future events.

Recommendation

We will continue to include relevant and up to date learning resources.

Unit Learning Outcomes
On successful completion of this unit, you will be able to:
  1. Describe the various activities, and marketplace relationships that exist in the national economy
  2. Explain the need for economic policy and the ability for policy to resolve economic problems
  3. Describe the impact of supply and demand on the construction industry
  4. Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating
  5. Have an understanding of how computer based estimating tools can assist the preparation of project costing, estimating and administration


Alignment of Learning Outcomes, Assessment and Graduate Attributes
N/A Level
Introductory Level
Intermediate Level
Graduate Level
Professional Level
Advanced Level

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment - 30%
2 - Written Assessment - 35%
3 - Written Assessment - 35%

Alignment of Graduate Attributes to Learning Outcomes

Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
5 - Team Work
6 - Information Technology Competence
7 - Cross Cultural Competence
8 - Ethical practice
9 - Social Innovation

Alignment of Assessment Tasks to Graduate Attributes

Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment - 30%
2 - Written Assessment - 35%
3 - Written Assessment - 35%
Textbooks and Resources

Textbooks

There are no required textbooks.

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
  • MS Office or equivalent software
  • Webcam and microphone/headset
Referencing Style

All submissions for this unit must use the referencing style: Harvard (author-date)

For further information, see the Assessment Tasks.

Teaching Contacts
Kevin Stone Unit Coordinator
k.j.stone@cqu.edu.au
Schedule
Week 1 Begin Date: 09 Mar 2020

Module/Topic

1-Introduction to economics

Chapter

Events and Submissions/Topic

Begin Workbook

Week 2 Begin Date: 16 Mar 2020

Module/Topic

2-Macro economics

Chapter

Events and Submissions/Topic

Week 3 Begin Date: 23 Mar 2020

Module/Topic

3-Micro economics - Supply and demand

Chapter

Events and Submissions/Topic

Week 4 Begin Date: 30 Mar 2020

Module/Topic

3-Micro economics - Supply and demand

Chapter

Events and Submissions/Topic

A1 Due: Week 4 Friday (3 Apr 2020) 11:55 pm AEST
Week 5 Begin Date: 06 Apr 2020

Module/Topic

4-Life cycle cost analysis

Chapter

Events and Submissions/Topic


Vacation Week Begin Date: 13 Apr 2020

Module/Topic

Chapter

Events and Submissions/Topic

Week 6 Begin Date: 20 Apr 2020

Module/Topic

4-Life cycle cost analysis

Chapter

Events and Submissions/Topic

Week 7 Begin Date: 27 Apr 2020

Module/Topic

5-Project costing and estimating

Chapter

Events and Submissions/Topic

Week 8 Begin Date: 04 May 2020

Module/Topic

5-Project costing and estimating

Chapter

Events and Submissions/Topic

A2 Due: Week 8 Friday (8 May 2020) 11:55 pm AEST
Week 9 Begin Date: 11 May 2020

Module/Topic

5-Project costing and estimating

Chapter

Events and Submissions/Topic


Week 10 Begin Date: 18 May 2020

Module/Topic

6-Bills of quantities

Chapter

Events and Submissions/Topic

Week 11 Begin Date: 25 May 2020

Module/Topic

6-Bills of quantities

Chapter

Events and Submissions/Topic

Week 12 Begin Date: 01 Jun 2020

Module/Topic

7-Computer based costing

Chapter

Events and Submissions/Topic

A3 Due: Week 12 Friday (5 Jun 2020) 11:55 pm AEST
Review/Exam Week Begin Date: 08 Jun 2020

Module/Topic

Chapter

Events and Submissions/Topic


Exam Week Begin Date: 15 Jun 2020

Module/Topic

Chapter

Events and Submissions/Topic

Assessment Tasks

1 Written Assessment

Assessment Title
A1

Task Description

The assessment questions cover aspects of structural changes in the economy (Global and Local) and the economic policy.
The assessment length is approximately 2000 words (+-10%).


Assessment Due Date

Week 4 Friday (3 Apr 2020) 11:55 pm AEST


Return Date to Students

Vacation Week Friday (17 Apr 2020)


Weighting
30%

Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.


Referencing Style

Submission
Online

Submission Instructions
A single word file

Learning Outcomes Assessed
  • Describe the various activities, and marketplace relationships that exist in the national economy
  • Explain the need for economic policy and the ability for policy to resolve economic problems
  • Describe the impact of supply and demand on the construction industry


Graduate Attributes
  • Communication
  • Problem Solving
  • Critical Thinking
  • Information Literacy
  • Information Technology Competence

2 Written Assessment

Assessment Title
A2

Task Description

The assessment questions cover aspects of supply and demand of the economy. Aspects of life cycle analysis, cost analysis and source data for cost analysis calculations are also covered. The assessment length is approximately 2000 words (+-10%).


Assessment Due Date

Week 8 Friday (8 May 2020) 11:55 pm AEST


Return Date to Students

Week 10 Friday (22 May 2020)


Weighting
35%

Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.


Referencing Style

Submission
Online

Submission Instructions
A single word file

Learning Outcomes Assessed
  • Describe the impact of supply and demand on the construction industry
  • Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating


Graduate Attributes
  • Communication
  • Problem Solving
  • Critical Thinking
  • Information Literacy
  • Information Technology Competence

3 Written Assessment

Assessment Title
A3

Task Description

The assessment questions cover aspects of quantity calculations to suite specific projects, procedures and key practices for the compilation of estimates and the impact of estimating software on the estimation methodologies.
The assessment length is approximately 2000 words (+-10%).


Assessment Due Date

Week 12 Friday (5 Jun 2020) 11:55 pm AEST


Return Date to Students

Exam Week Friday (19 Jun 2020)

After certification of grades or within two weeks of submission, whichever occurs later.


Weighting
35%

Minimum mark or grade
To succeed in this unit, you must achieve 40% in assessment 3 and an overall cumulative result of 50% or more from all assessments.

Assessment Criteria

Presentation and layout—includes demonstrated ability to prepare a professional technical report as part of the audit process, use of grammar, the selection of typeface, written and general appearance of the document or assignment, attention to detail and quality of arrangement with regard to page numbering, headings, margins, footnotes and similar details to provide a professional document presentation.

Content—includes the accuracy and relevance of the information supplied in relation to the set task, using an ‘easy to read’ language style.

References—includes the use of the Harvard Referencing System to reference information, data, tables or images used when preparing a response to the set task.


Referencing Style

Submission
Online

Submission Instructions
A single word file

Learning Outcomes Assessed
  • Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating
  • Have an understanding of how computer based estimating tools can assist the preparation of project costing, estimating and administration


Graduate Attributes
  • Communication
  • Problem Solving
  • Critical Thinking
  • Information Literacy
  • Information Technology Competence

Academic Integrity Statement

As a CQUniversity student you are expected to act honestly in all aspects of your academic work.

Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.

When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.

Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.

As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.

What is a breach of academic integrity?

A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.

Why is academic integrity important?

A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.

Where can I get assistance?

For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.

What can you do to act with integrity?