The Economics of The Modern Construction Sector

Examines the whole diverse range of firms that are found in the construction sector and their decision making and the economic environments in which they operate. The authors aim to provide a new and coherent perspective on these

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level.

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques.

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level. In Modern Construction Economics: Theory and Application, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics.