Construction Economics and Management

Construction Economics and Management at University College London offers an in-depth exploration of the economic and managerial aspects of the construction industry. This comprehensive programme is designed to equip students with the essential skills and knowledge required to effectively manage construction projects, analyze market trends, and understand the financial frameworks that underpin the built environment. Throughout the course, students will engage with a wide range of topics, including project management, procurement strategies, cost estimation, and sustainable construction practices. The programme emphasizes practical learning through case studies, industry-based projects, and interaction with professionals in the field, ensuring graduates are well-prepared to meet the challenges of a dynamic industry. Students will also have the opportunity to develop advanced analytical skills, enabling them to evaluate economic viability, assess risk, and optimize resource allocation within construction projects. With a strong focus on innovation and sustainability, the programme prepares graduates for leadership roles in construction firms, consultancy agencies, property development companies, and public sector organizations. The multidisciplinary nature of the programme reflects UCL's commitment to providing a cutting-edge education that combines theoretical foundations with practical applications. Graduates of Construction Economics and Management will be equipped to contribute to the development of resilient, efficient, and sustainable built environments, making a positive impact on society and the economy. This programme is ideal for individuals interested in blending technical knowledge with managerial expertise to drive progress in the construction sector worldwide.

This RICS accredited programme aims to develop students' knowledge and skills under two mutually supporting themes for which the School of Construction and Project Management has an international reputation:

• the economics and finance of construction at project, firm and industry levels
• the management of construction projects and enterprises.

Construction is taken in its widest sense to include design, infrastructure and the supply chain.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional/elective modules (60 credits) and a dissertation (60 credits).

A Postgraduate Diploma, four core modules, four optional modules (120 credits, full-time nine months) is offered.

Core modules

• The Economics of Construction: Economics, Sectors and Industries
• The Economic Institutions of the Construction Industry
• The Management of Construction Projects
• The Management of Construction Enterprises

Optional modules

• Construction Booms and Slumps**
• Construction Clients and the Market for Contracts**
• Economics of Appraisal of Construction Projects: Leading Issues**
• Economics of Speculative Construction Development**
• Construction Industry Development**
• Managing Professional Practice*
• Relationships between Firms*
• Capturing and Delivering Value*
• The Construction Firm: Contractors and Subcontractors*
• Marketing and Project Business Development*
• Managing Change in Organisations*
• Environmental Sustainability in the Construction Sector
• Integrating Project Information Systems with Building Information Modelling
• Managing Construction
• Managing the Enterprise-Project Relationship
• Organisations and People in Projects
• Social Networks in Project and Enterprise Organisations
• Social Networks in Project and Enterprise Organisations

*Students choose at least one

**Students choose at least two

The fourth optional module is selected from the remaining choices displayed above.

Dissertation/report

All MSc students submit a 10,000-word dissertation related to the main themes of the programme, under the guidance of an individual supervisor.

Teaching and learning

The programme is delivered through a combination of lectures, seminars and group work on case studies, exercises and problems. Lectures include industry guest speakers. Assessment is through written examination, term papers and the dissertation.

The normal minimum qualifications are a lower second-class Bachelor's degree from a UK university or an overseas qualification of an equivalent standard. Generally, however, we will be looking for a standard close to an upper second unless the applicant can offer professional qualifications or a reasonable period of relevant practical experience.

Scholarships relevant to this department are displayed below.

Bartlett Masters Scholarship

Value:

£10,000 (1 year)

Eligibility:

UK, EU, Overseas students

Criteria:

Based on financial need

Construction Economics and Management at University College London offers a comprehensive curriculum designed to equip students with the skills and knowledge necessary to excel in the construction industry. The programme covers a wide range of topics including construction project management, economic principles relevant to the construction sector, procurement and contractual processes, sustainability practices, and the use of innovative technologies in construction. Students will explore the intricacies of managing construction projects from inception to completion, ensuring they understand both technical and managerial aspects. The programme emphasizes the development of practical skills through case studies, industry projects, and seminars led by experienced professionals. It aims to produce graduates who can effectively manage complex construction projects, analyze economic factors influencing construction markets, and implement sustainable solutions in the built environment. The course duration is typically one year for full-time students, with options for part-time study. The programme is particularly suited for individuals seeking careers in construction management, quantity surveying, project consultancy, or real estate development. UCL’s strong links with industry partners and alumni network provide students with valuable internship and employment opportunities. The university also offers access to state-of-the-art facilities, research centers, and a vibrant academic community dedicated to advancing knowledge in construction economics and management. Graduates of this programme are well-prepared to meet the challenges of the rapidly evolving construction industry, thanks to its combination of rigorous academic content and practical experience.