DEVELOPMENT ECONOMICS (QSB 4223)

This module introduce students 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.

This course give me an understanding of key issues in economic development and provide me with rigorous economic theory and statistical tools to be able to analyse policies and assess their impact on economic and human development.

In this subject, it is taught by 2 lecturers namely Mr Ho June Khai and Mrs Dianne Kok Hui Wei who with expertise in both theoretical and applied development economics.

In the group assignment, I have learnt how to calculate the development cost and produce cash flow table through analysis and group discussions. In this group assignment, we were also graded individually in Question 2 whereby we were to analyze the cash flow table and the viability of the project with our opinions and calculations of NPV.