Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction to the Economics of Construction

    1. Stephen L. Gruneberg
      Pages 1-13
  3. The Construction Sector

    1. Front Matter
      Pages 15-15
    2. Stephen L. Gruneberg
      Pages 17-36
    3. Stephen L. Gruneberg
      Pages 37-67
    4. Stephen L. Gruneberg
      Pages 68-97
    5. Stephen L. Gruneberg
      Pages 98-125
    6. Stephen L. Gruneberg
      Pages 126-140
  4. The Economics of the Firm

    1. Front Matter
      Pages 141-141
    2. Stephen L. Gruneberg
      Pages 143-166
    3. Stephen L. Gruneberg
      Pages 167-176
    4. Stephen L. Gruneberg
      Pages 177-194
    5. Stephen L. Gruneberg
      Pages 195-206
  5. Project Appraisal

    1. Front Matter
      Pages 207-207
    2. Stephen L. Gruneberg
      Pages 209-228
    3. Stephen L. Gruneberg
      Pages 229-251
    4. Stephen L. Gruneberg
      Pages 252-264
  6. Back Matter
    Pages 265-276

About this book


This book deals with the economics of construction at three levels: the industry, the firm and the project. It is intended for a broad range of undergraduate students of the built environment - architect, surveyor, engineer. It is divided into three parts: the first deals with the construction industry, its economic development, structure and role in the economy. Construction is seen as a production process. Part 2 covers the practical management of firms and examines costs, revenues and markets from the point of view of economists and managers. Part 3 deals with strategic decision making involved in property development and project appraisal and looks at feasibility studies. It links the economics of the production process of construction to the economics of its output, namely the buildings and structures of the built environment.


accounting construction costing decision making development economic development economics economy engineer environment industry labour management planning production

Authors and affiliations

  1. 1.School of ConstructionSouth Bank UniversityLondonUK

About the authors

STEPHEN L GRUNEBERG is an economist with an interest in the construction industry, He began teaching economics on quantity surveying and building courses at Napier College in Edinburgh in the late 1970s. In the mid-1980s he taught economics to postgraduate architects at the then North London Polytechnic. Since 1988 he has been a Senior Lecturer in Economics in the School of Construction at South Bank University. He is also a visiting lecturer at University College London and at the University of Bath.

Bibliographic information

  • Book Title Construction Economics
  • Book Subtitle An Introduction
  • Authors Stephen Gruneberg
  • Series Title Macmillan Building and Surveying Series
  • DOI
  • Copyright Information Macmillan Publishers Limited 1997
  • Publisher Name Palgrave, London
  • eBook Packages Palgrave Business & Management Collection Business and Management (R0)
  • Softcover ISBN 978-0-333-65541-2
  • eBook ISBN 978-1-349-13998-9
  • Edition Number 1
  • Number of Pages XVI, 296
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Additional Information Previously published under the imprint Palgrave
  • Topics Real Estate Management
  • Buy this book on publisher's site
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