In this semester, this subject has been taught well where I have learned more in depth on economics relating to construction industry by our lecturer Ms. Dianne Kok. This subject started with the introduction to Development Economics then further with Property Development. Property Investment, Development Appraisals, Factors in Property Development and Market Research. This subject has enable me to put theories into practice and to understand the ethical issues in the context of field studies as well as the professional practice within the field. We had been given assignment on the investment appraisal, cash inflow, cash outflow and combined of cash outflow and inflow.
Development Economics has definitely enhanced my problem solving skills in the sense where the calculations to evaluate the finance of a property development. Moreover, I was able to understand critically and creatively regarding properties and its developments as well as to define and analysing problems arises from the project with effective solutions. Moreover, I was able to enhance my lifelong learning where I am more able to learn independently and locate, extract, synthesize and utilize information given by the lecturers more effectively.
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