DEVELOPMENT ECONOMICS (QSB60303)

1.0 Acknowledgement

Specially thank to my lecturer, Sr. Dianne Kok Hui Wei for assigning and guiding us through the project. She has given us this opportunity to produce this report and helped us understand more on the related matter on Development Economics.

2.0 Module Synopsis

This module will introduce us to the development, roles and contribution of construction industry to national economy. It is initiated with the introduction of the process in a property development and factors that influence the development process. The subject also covers various techniques of development appraisal and source of finance available. It is then concluded with the important of market research to the overall development process and its impact of research to the development.

3.0 Module Teaching Objectives

The teaching objectives of the module are to:

1. To understand the basic principles of economics and its link to the real world of construction and to develop an understanding of the whole process of property development.

2. To enhance the understanding of the contribution of feasibility study in property development.

3. To understand the overall mechanism of the finance system in the construction industry


4.0 Module Learning Outcomes

1. Calculate the developer’s budget (i.e. total development cost and gross development value) during the initial development process.

2. Execute the Cost-benefit Analysis in the early stage of investment proposal and valuation system to help on decision making during the feasibility stage.

3. Classify various source of finance available in the construction industry and to outline the requirement in a quality market research. 

5.0 What I Have Gained in this Module:

5.1 Discipline Specific Knowledge

The knowledge that I have gained from classroom is then presented our group assignment in tutorial class.

5.2 Lifelong Learning

This module required me to be more independent and able to extract the information get from the QS profession. To complete this assignment, we are required to do Financial Appraisal to ensure the development is viable. 

5.3 Thinking and Problem Solving Skills

This can be learned throughout the tutorial questions provided, where we were required to solve the questions in front of the class. So it enable my course-mate to correct me when I did mistake during my tutorial.

In conclusion, we are going to work as Consultant team to advice our future Client. Hence, it is important for us to familiarize with the basic QS role and process before we step forward in real life working environment.