Economics and Management

Course guarantor:

Lecturer:

Tutor:

Supervisor:

Department of Construction Management and Economics

Synopsis:

The aim of the course is to provide students with an introduction to economics and management in the construction industry and to familiarize them with basic economic terms and their practical applications. Students will be prepared to solve basic construction-management problems in the construction industry. They will acquire basic information about the method of pricing construction works and master the basic methods of managing a construction company. Emphasis is placed on understanding the principle of economic thinking in relation to the construction industry.

Requirements:

Conditions for granting credit:

Two absences are allowed. The exercises can be replaced in other seminars. All tasks must be completed. Worked assignments will always be handed in no later than the following week after the completion of the assignment according to the schedule.

Syllabus of lectures:

1. Construction in the Czech Republic and the EU. Construction participants. Construction and project life cycle. Organizational structures.

2. Risks, risk analysis methods. FIDIC contracts, works contract. Engineering, ISO standards, EMS, PPP projects.

3. Tender preparation of the supplier, tender documentation, tender price. Production preparation of the supplier.

4. Management of building construction, construction manager, technical, cost and copyright supervision, construction diary.

5. Business in the construction industry, legal forms of business, accounting basics, business plan, turning point.

6. Prices of construction production, price of design works. Classification of construction production. Calculation. Budgeting.

7. Cost calculation, calculation methods. Invoicing, remuneration, standardization. Public revenue, taxes.

8. Time planning, schedule, cyclogram, network analysis. Logistics. Supply Management.

9. Performance of the economy, basic macroeconomic indicators, economic growth and economic cycle.

10. Public sector, state economic policy, fiscal policy, taxes and expenditures, state budget deficit.

11. Monetary policy of the central bank, its instruments, expansionary and restrictive monetary policy, money market.

12. Capital market, inflation, rate and types of inflation, redistributive effects of inflation. Anti-inflation measures. Labor market, unemployment, causes and macroeconomic consequences of unemployment.

13. Green future of construction: economic sustainability in the context of the new EU energy and sustainability directives - introduction to the new EU directive, economic impacts of new regulations, renewable energy in construction, sustainable financing and ESG reporting.

Syllabus of tutorials:

1. Sealift plan

2. Depreciation of tangible assets

3. Turning point analysis

4. Investor's calculation - focus on older existing building (office building, shopping centre, university dormitory, etc.)

5. Schedule - investor's schedule

6. HSV budget

7. PSV budget

8. Market appraisal of the property

9. Network diagram

10. Pairwise comparison

11a. Scoring method with weights

11b. Proposal for refurbishment meeting EU Taxonomy criteria and improving the energy efficiency of an older existing building. Exercise linked to the calculation.

12. Credit

Study Objective:

The aim of the course is to provide students with an introduction to economics and management in the construction industry and to familiarize them with basic economic terms and their practical applications.

Study materials:

[1]SCHNEIDEROVÁ HERALOVÁ, R. a kol. Kalkulace nákladů ve stavebnictví. 2017. ISBN 978-80-01-06348-4

[2]TOMÁNKOVÁ, J. a ČÁPOVÁ, D. Management staveb. 1. vyd. Praha: Fineco. 2013. ISBN 978-80-86590-12-7

[3]MINCKS, W. a JOHNSTON, H. Construction Jobsite Management. USA, 2017. ISBN 978-1-305-08179-6

[4]SYNEK, M. Manažerská ekonomika. 5. vyd. Praha: Grada, 2011. ISBN 978-80-247-3494-1

[5]HOLMAN, R. Ekonomie, 6. Vydání. C.H.Beck, 2016, ISBN 978-80-7400-278-6

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• Civil Engineering (compulsory course)
• Civil Engineering (compulsory course)
• Stavební inženýrství, specializace Pozemní stavby (compulsory course)
• Stavební inženýrství, specializace Konstrukce a dopravní stavby (compulsory course)
• Stavební inženýrství, specializace Příprava, realizace a provoz staveb (compulsory course)
• Stavební inženýrství, specializace Materiálové inženýrství (compulsory course)
• Stavební inženýrství, specializace Požární bezpečnost staveb (compulsory course)
• Stavební inženýrství, specializace Vodní hospodářství a vodní stavby (compulsory course)
• Stavební inženýrství, specializace Inženýrství životního prostředí (compulsory course)
• Management a ekonomika ve stavebnictví (compulsory course)
• Management a ekonomika ve stavebnictví (compulsory course)
• Management a ekonomika ve stavebnictví (compulsory course)
• Stavitelství (compulsory course)
• Stavební inženýrství, specializace Pozemní stavby (compulsory course)
• Stavební inženýrství, specializace Příprava, realizace a provoz staveb (compulsory course)
• Stavební inženýrství, specializace Materiálové inženýrství (compulsory course)