There are many introductory books on economics but there are fewer
introductory books on the construction industry. Construction
students studying economics often complain that the subject is not
relevant - it is too abstract and does not help them in their
working lives. The aim of this book has been to bridge that gap -
to provide an account of the basic principles of economic
relationships and to indicate a linkage between those principles
and the real world of construction. Initial chapters in each
section focus mainly on economic theory, later chapters are more
descriptive, setting the theory in the context of the industry.
Throughout the book illustrative material is drawn from newspaper
and journal articles reporting on the industry. These case studies
are an important element in bringing together the two strands,
theory and practice. The book is aimed at members of the industry
who need an introduction to economics for examination purposes to
gain professional qualifications. It should also be of interest to
those who wish to extend their understanding of the economic
context in which the industry operates: a better understanding of
the economic environment must benefit eff
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