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Construction economics is a core component of a wide range of undergraduate courses in the built environment. Consequently students need to quickly grasp the basic principles of economic theory and see how this relates to a unique and complex industry. It should be understood in a modern context and this new approach adopts the argument that economics is central to understanding the recent government initiatives concerning sustainable construction. Key features include: a clear and user-friendly style a second colour to highlight important definitions and formulae frequent summaries to clarify key points conceptual terms are highlighted and collated into a glossary of construction economics extensive illustration with colour tables and figures brief extracts from the academic journal Construction Management and Economics to consolidate and prompt discussion web site reviews to set the scene for the three parts of the book. This invaluable textbook will suit students across a wide range of disciplines from construction managment and construction engineering through to architecture, property and surveying.