(Task 1) Explain the main demand and supply side factors in the market for new owner occupied housing in the UK, and how they interact to form a market price and quantity sold. Use diagrams and examples to illustrate your answer. (70% of marks so more words in this section )
(Task 2) Investigate the concepts of economies and diseconomies of scale in the construction industry (30% of marks)
Marks will be awarded for the following:
• Depth of understanding of relevant theory and identification of key issues in relation to the topic
• Evidence of appropriate construction related examples and/or application to the construction industry
• Effective and appropriate use of references (Harvard Style) in supporting arguments
The key issue will be the degree of effort and analysis. Purely descriptive assignments will not secure the highest grades.
4. GRADE DESCRIPTORS
To obtain a “first class” grade: the students shall discuss key issues and demonstrate an excellent level of understanding by using relevant examples in the context of the construction industry. Works graded in this category will be of an excellent standard. All ideas and analysis should be clearly introduced and articulated. The report should be extremely well structured and well presented with an outstanding variety of in text citations to support arguments in addition to own thinking and analysis.
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