Course Outline

MGMT 456 : Economics for Facilities & Construction Managers

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Last approved: Wed, 20 Jan 2016 13:42:12 GMT

Last edit: Wed, 20 Jan 2016 13:42:11 GMT

College of Business (WBUAD)
Economics for Facilities & Construction Managers
This course is a study of economics as applied to construction and facilities management decision making emphasizing evaluation of the costs and benefits associated with technical projects. The time value of money and methods of discounted cash flow are studied to facilitate financial decisions regarding cash as capital.

After completing this course, the student should acquire a working knowledge of economic concepts as they apply to capital projects in a construction or facilities management environment.

Upon course completion, students will be able to:1. Use financial functions to solve economic analysis problems.2. Define time value of money.3. Describe depreciation, income taxes, inflation and price change in economic analysis problems.4. Compare and select project alternatives by using a variety of analytical techniques including present worth analysis, annual worth analysis, future worth analysis, rate of return analysis, benefit-cost ration, break-even analysis, and payback period analysis.

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 

Web & Chat:
Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428


Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
George Ford - 2/16/2015
Peter O’Reilly - 2/16/2015
Aaron Glassman - 2/16/2015
Bobby McMasters
Key: 418