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MY LECTURE NOTES - updated 24 March 2017


I worked as an architect in the public and private sector in Auckland New Zealand from 1978 to 1990, gaining registration in 1981. After completing an empirical PhD The Mortality of New Housing Stock in 1993 I then worked as a Senior Lecturer in the Department of Property at the University of Auckland from 1994 to 2005. The courses I taught included Building Economics (my speciality) in the second year of the Bachelor of Property (BProp) degree, Property Economics, Property Development, and Construction. Only one course on Building Economics was provided at undergraduate level and this course was a compulsory component of the BProp degree. Building Economics courses at Architectural Schools tend to have a large proportion of the course taken up by Economics 101 content because architectural students generally do not have any prior economics background. Economics 101 taught by the Department of Economics and Finance 101 taught by the Department of Property were compulsory courses for first year BProp students. This provided the opportunity for me to include content in my Building Economics course that is not normally included at Architectural Schools. Finance 101 did not include Life Cycle Costing, so I included this content in my Building Economics course.


BUILDING ECONOMICS COURSE

All diagrams were shown using overheads and cash flow diagrams were drawn on the board for students to copy. Please refer to the Primary Sources for the diagrams which are not included in the following PDFs.  


Building Economics Topic 01 - Introduction - Download PDF here

Building Economics Topic 02 - Business and Building Cycles - Download PDF here

Building Economics Topic 03 - Capital Value Theory - Download PDF here

Building Economics Topic 04 - The Pricing of Land & Resources - Download PDF here

Building Economics Topic 05 - Intensity of Land Development - Download PDF here

Building Economics Topic 06 - Timing of Redevelopment - Download PDF here

Building Economics Topic 07 - Depreciation and Obsolescence - Download PDF here

Building Economics Topic 08 - Maintenance and Rehabilitation - Download PDF here

Building Economics Topic 09 - Life Cycle Costing - Download PDF here

Building Economics Topic 10 - Economic Evaluation in Practice - Download PDF here

Building Economics Topic 11 - Buildings as Investments - Download PDF here

Building Economics Topic 12 - Feedback - Download PDF here

Building Economics Topic 13 - Discount Tables - Download PDF here