Financial and Economic Management

The financial element of this module focuses on the use of financial information for decision making. The economic element will focus on the principles of macro and micro economics with specific reference to the applications to the construction sector.

1. Prepare a cash budget and suggest appropriate financial decisions based on numerical findings

2. Analyse and calculate the break even point on a project.

3. Apply the project appraisal techniques Payback,ARR,NPV and IRR.

4. Assess the performance of construction companies and understand their financial accounts.

5. Evaluate the economic concepts and economic systems

6. Analyse the various theories in relation to supply and demand

7. Identify macroeconomic issues present at national and international level that effect the construction industry.

8. Examine the factors that determine the price determination system in relation to the construction industry.