Unit Synopsis
As you study this unit, your overall aim is to: understand macro economics, the markets and their dimensions, World and local economies and policy instruments; fully understand the effect of supply, demand prices and stocks; and become familiar with procedures, principles and methods of project costing, bills of quantities and life cycle analysis.
Details
| Level | Undergraduate |
|---|---|
| Unit Level | 3 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 2 |
| Fraction of Full-Time Student Load | 0.125 |
| Pre-requisites or Co-requisites |
There are no pre-requisites for the unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 1 - 2026
Term 1 - 2026 Profile
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Written Assessment | 30% |
| 2. Written Assessment | 35% |
| 3. Written Assessment | 35% |
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Source: Student
The lecturer should provide more guidance/instructions on where to access resources related to each assignment.
The resources are in Moodle, and the lecturer will provide guidance/instructions in the tutorials.
The lecturer discussed the assessment questions in class in addition to the conversations in the Q&A forum. This resulted in a higher success rate for this unit.
Source: Student
The unit/lecturer should use the MS team to provide improved support and speed to questions as other units do.
A team will be provided for the unit, and all students are encouraged to use it to talk to the lecturer and among themselves.
The MS Teams platform was introduced to this unit. The unit coordinator posted several messages encouraging students to use the platform for general conversation, while Moodle forums encourage learning-related conversations.
Source: Student Unit Teaching Evaluation Unit Comments Report - T1, 2025
The gap between the feedback for the previous assessment and the next assessment submission due date could be increased to ensure an effective and successful submission.
There were delays in providing feedback on some assessments. Hence, returning feedback within two weeks of the submission due date, normally set for each assessment, could not be maintained for some assessments due to the lecturer's personal issues. However, the teaching team is obliged to maintain this in the next and future deliveries. The teaching team found that the gap between each assessment due date in the current delivery is close to 4 weeks, which is sufficient for students to prepare their next assessment, provided that feedback on the previous assessment is given within 2 weeks. This will be recommended to continue in future deliveries.
In Progress
Source: The Lecturer and the Unit Coordinator communication
Teaching team suggests applying guest lectures in future deliveries
It is recommended to have a guest lecturer or special speaker in some weeks to keep the students engaged with practical examples or industry situations. These sessions are intended to expand the students' knowledge on life cycle cost analysis and bills of quantities. One such session is planned to conduct towards the end of the teaching term making it an addition support for students to the last assessment task.
In Progress
On successful completion of this unit, you will be able to:
- Describe the various activities, and marketplace relationships that exist in the national economy
- Explain the need for economic policy and the ability for policy to resolve economic problems
- Describe the impact of supply and demand on the construction industry
- Describe the basic requirements, procedures and benefits of building lifecycle costing and project cost estimating
- Have an understanding of how computer based estimating tools can assist the preparation of project costing, estimating and administration
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Written Assessment | • | • | • | ||
| 2 - Written Assessment | • | • | |||
| 3 - Written Assessment | • | • | |||
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Communication | • | • | • | • | • |
| 2 - Problem Solving | • | • | • | • | • |
| 3 - Critical Thinking | • | • | • | • | • |
| 4 - Information Literacy | • | • | • | • | • |
| 6 - Information Technology Competence | • | • | • | • | • |
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |
| 1 - Written Assessment | • | • | • | • | • | ||||||
| 2 - Written Assessment | • | • | • | • | • | ||||||
| 3 - Written Assessment | • | • | • | • | • | ||||||