Construction economics is a core component of a wide range of undergraduate courses in the built environment. Consequently students need to quickly grasp the basic principles of economic theory and see how this relates to a unique and complex industry. It should be understood in a modern context and this new approach adopts the argument that economics is central to understanding the recent government initiatives concerning sustainable construction.

Key features include:

• a clear and user-friendly style
• a second colour to highlight important definitions and formulae
• frequent summaries to clarify key points
• conceptual terms are highlighted and collated into a glossary of construction economics
• extensive illustration with colour tables and figures
• brief extracts from the academic journal Construction Management and Economics to consolidate and prompt discussion
• web site reviews to set the scene for the three parts of the book.

This invaluable textbook will suit students across a wide range of disciplines from construction managment and construction engineering through to architecture, property and surveying.