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Description
Studying this module students will investigate the causes and effects of the recurrent and relatively strong fluctuations, (known as 鈥榖ooms鈥� and 鈥榮lumps鈥�), that occur in construction and property markets. This is applicable in both volumes and prices.
It places particular emphasis upon the inter-relationships between property and construction markets, as students are introduced to the possibilities, and problems, of measuring and forecasting volume and price changes.
As part of this module, lectures may cover the following:
- What are business cycles, building cycles and property cycles?
- Why does each of these cycles occur? Why do they vary in strength over periods of time and between countries?
- How do economic actions in the construction and property development processes behave to generate cycles and how do they respond to such cycles? Behavioural irrationality?
- What are our resources for measuring construction and property cycles?
- Can we forecast construction and property cycles?
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Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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