The United Kingdom is experiencing a recession, and the Prime Minister has sought your opinion on adopting the construction industry as a tool to revive the nation`s economy.
2024-11-08 13:44:00
BSV 11111 Building Economics
Coursework 1
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Learning Outcomes Covered:
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LO1, LO2
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Assessment Type:
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Essay
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Overall module assessment
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100% coursework
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For this assessment:
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50%
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Assessment Limits:
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2000 words
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Submission Deadline:
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Monday, 28 October 2024 not later than 23:59 (UK Time)
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Submission Method:
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Via Moodle
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Turnitin on submissions:
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Unlimited Attempts. After 3 submissions reports generate after 24 hours.
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Module Leader:
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Tutor with direct responsibility:
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Return of work and feedback:
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Feedback on submissions will normally be provided within three working weeks from the submission date.
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Notes:
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- You are advised to keep a copy of your submitted assessment.
- Please read and follow the ‘Fit-to-Sit’ guidance if you need to request an extension
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Assessment regulations and academic integrity
The University rules on Academic Integrity apply to all submissions. The student academic integrity regulations contain a detailed definition of academic integrity breaches.
- You cannot knowingly permit another student to copy all or part of your work.
- You must not share your work with other students. This includes posting any of your work in any repository that is accessible to others (such as GitHub) and applies also after you have completed the course.
- Asking coursework-related questions in external online forums (such as Stackoverflow) is NOT permitted.
By submitting the report, you are confirming that:
- It is your own work except where explicit reference is made to the contribution of others.
- It has not been submitted for any module, programme or degree at Edinburgh Napier University or any other institution.
- If you have made use of generative Artificial Intelligence (AI) tools, you have done so only as allowed for this assessment, and have provided the relevant details in the coursework declaration.
Coursework 1 - 2024/2025
Assessment Brief:
The United Kingdom is experiencing a recession, and the Prime Minister has sought your opinion on adopting the construction industry as a tool to revive the nation`s economy. You are requested to conduct extensive research on the factors contributing to the current recession and examine the impact of the construction supply chain on macroeconomic components. Additionally, the Prime Minister has recently become aware of the transformative potential of technologies driven by the Fourth Industrial Revolution (4IR) in the construction industry and has requested your perspective on their impact on employment and housing provision. Further details expected in your essay are presented in the table below.(100 marks)
General Requirements
You are expected to follow the factors or criteria in the table below and you can also add more criteria as deemed appropriate. The purpose of this essay is to reflect on the practical application of concepts taught in class and to provide the reader with both practical and theoretical knowledge regarding the relation between the construction industry and the macroeconomic objectives.
An appendix can be included in addition to the word limit if required but this should not include detail that would normally be expected within the main body of the essay.
A comprehensive reference list must be included. References should be made to all information sources used and these should be in the Harvard referencing style.
Submissions made after the submission day will be deemed to have been received the following day and will therefore be capped following the University’s regulations regarding late submission. You are reminded of the penalties for late submission and academic misconduct, which are detailed in the University’s Regulations
You will be advised by e-mail as soon as feedback and grades become available.
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Criteria
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Marks
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Abstract/Executive summary
The student should summarize the entire report, including the purpose, methods, and findings.
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5
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Introduction
- A clear introduction to the background and purpose of the topic. It is advisable that the student should begin with a paragraph that contains a compelling opening statement that captures the read- er`s attention and introduces the broad topic. For example, you could start by explaining the current UK recession, its causes and its relevance to the construction industry. This can be followed with back- ground information about the construction industry. Explain its scale, importance, and contributions to the economy, emphasiz- ing its role as a significant driver of economic growth and employ- ment.
- Explain the fourth industrial revolution its technologies like Artificial Intelligence, Metaverse and others on its impact on the performance of the construction industry.
- Explain how the performance of the construction industry impacts the broader economy and the business cycle.
- Discuss the problem statement, in this case, it could be some- thing like, "How would the construction industry drive the UK economy out of recession?" This frames the research and sets the stage for the subsequent investigation.
- Explain the scope of the study. Specify what will and won`t be covered in the research. Mention the various macroeconomic components that will be analyzed in the report.
- Provide an overview of the paper`s structure by mentioning the sections that follow the introduction. For example, you could mention that the paper will include sections on economic growth, interest rates, inflation, government spending, housing market.
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20
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Conditions, etc., where each section will delve into the specific impact of these components on the construction industry.
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Methodology
It is advisable that the student adopt a systematic review of literatures. Thus follow the suggested steps:
- A detailed step-by-step information on how the materials used for the analysis were sourced.
- Provide a comprehensive search strategy to identify relevant studies. This includes selecting appropriate databases (e.g., PubMed, Scopus, Web of Science) and using a combination of keywords and Boolean operators (AND, OR) to conduct system- atic searches.
- An explanation of the criteria for including or excluding studies. Consider factors such as publication date, study design, geo- graphic location, and relevance to your research question.The United Kingdom is experiencing a recession, and the Prime Minister has sought your opinion on adopting the construction industry as a tool to revive the nation`s economy
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20
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Analysis/synthesis of information/discussion of findings
The analysis should logically cover the following but the students can add more points. It will be advisable to break the analysis into subtopics.
- Explanation of the business cycle and the impact on the con- struction supply chain
- Proper explanation of macroeconomics component and the circu- lar flow model
- Impact of the macro-economic Indicator on the construction in- dustry
- Monetary and fiscal policies
- How the construction industry is controlled using the monetary and fiscal policies
- Fourth industrial revolution and the construction industry
- Fourth industrial revolution and sustainable housing delivery
- Fourth industrial revolution and employment within the construc- tion industry
- Components of the construction industry.
- Review of existing theories like the Bon curve and its explana- tion of the contribution of the construction industry to economic growth.
- Criticism of the Bon curve
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40
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Conclusions
- Clear and reasoned conclusions based on the findings of the preceding sections.
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10
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BSV 11111 Building Economics Coursework 1 4 of 5
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Presentation
- Clear and professional written paper;
- Appropriate font style, size and line spacing;
- Use of justified body text;
- Clear presentation of any figures, diagrams, images and tables used;
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5
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Total
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100
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