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Construction Economics and Management - MSc/PGDip

Course Description

The MSc Construction Economics and Management postgraduate course equips graduates with the skills to become senior managers, policy advisers and decision-makers in any branch of the construction industry. It can also provide teachers and researches in these subject areas with professional academic development.

Degree information

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.

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 career options for graduates are varied, and many students go on to work for construction, engineering and design enterprises, professional consultants and commercial research organisations, and client enterprises with significant project portfolios such as retailers or banks. Graduates are keenly recruited by many of the UK's very best construction-sector firms. The MSc can be used as a foundation for MPhil/PhD research.

Top career destinations for this degree:
-Junior Engineer, Shanghai Geographical Institute
-Project Manager, IKEA
-Project Manager, Parsons Brinckerhoff
-Risk Analyst, Bank of China
-Associate Consultant, KPMG

The programme offers an understanding of financial and other kinds of management within the context of the project, the project-based firm and the construction industry in its widest sense. There are some elements which can be put to use straight away combined with other elements of a strategic nature which will prove useful as the graduate's career moves into more senior management. It is thus an excellent graduate qualification to offer employers by those trained in a technical discipline without previous economic training or those trained in economics or finance without previous exposure to construction.

Why study this degree at UCL?

Our school is part of the UCL Bartlett which is the UK's largest multidisciplinary Faculty of the Built Environment. It brings together scientific and professional specialisms required to research, understand, finance, design, procure, construct/refurbish and operate the buildings, infrastructure and urban environments of the future.

Outside the faculty we have links within UCL with those involved in engineering, computing and other areas of management.

Located in London, UCL is at the heart of a large cluster of architectural, engineering, surveying, real estate and management consultancies which, together with major construction/infrastructure clients, contractors and financial institutions, are next to the UK's centre of government with all the resources of a world city to hand.

Visit the Construction Economics and Management - MSc/PGDip page on the University College London website for more details!

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Student Profiles

Brown Family Bursary - No. of awards TBC

Selection criteria:
The bursary will be awarded based on financial need only as determined by the Student Funding Office.Value, Benefits and Duration:
- The value of the bursary is £15,000. The payment is to be applied to tuition fees in the first instance, with any remainder being paid to the successful applicant towards maintenance in termly instalments.
- The bursary is tenable for one year only.
- The bursary may not be held alongside other tuition fee only awards.

Value of Scholarship(s)



- prospective full-time UK Master's students who are undertaking a one-year programme of study in the Faculties of the Built Environment, Engineering Sciences or Mathematical & Physical Sciences (BEAMS) in 2015/16
- currently holding a first-class Bachelor's degree; and
- in financial need.

Application Procedure

See http://www.ucl.ac.uk/prospective-students/scholarships/graduate/UK-EU-Master/uclalumniandfriends

Further Information


Entry Requirements

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.

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