Economics of Property and Construction

Module Description

The construction industry and the commercial and residential property markets, perhaps more than many other markets, are highly susceptible to changes in the economic environment at the local, national and even at the global level.

Ongoing policy changes at the national and international levels related to safety, the green environment, and sustainability amongst others serve to render these markets all the more complex and susceptible to changing economic realities.
A quantity surveyor must therefore have the necessary understanding of the science of economics to enable him or her to understand the economic context within which any project is being undertaken.

This module provides the necessary tools to enable quantity surveyors to better understand the construction and ancillary markets and the forces at play within these markets at a particular point in time, enabling improved decision making.

Entry Requirements

Candidates who apply for this course must possess the following:

• a qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject);

AND

• a pass in English Language and Mathematics at MQF Level 3 (‘O’ Level or equivalent).

Preference is given to applicants having a year of work experience in a field related to the study programme.

Target Audience

This course is targeted at:

• individuals aspiring to work as quantity surveyors;
• individuals who wish to advance their education and gain in depth knowledge and skills related to quantity surveying;
• individuals already working in the field of quantity surveying who would like to obtain a qualification in quantity surveying.

Career Paths

The possible positions for which this programme aims to prepare you for include, but are not limited to:

• quantity surveyor
• commercial/residential surveyor
• estimator

How you’ll be assessed

This is a part-time programme and will typically take 42 months to complete. The programme comprises a total of 25 modules. The method of assessment is assignment-based.

The course comprises:

• 6 lectures per module;
• 3-hour lectures (evening);
• 12 hours of online content per module, comprising synchronous online discussions, tutorials and/or videos.