Construction economics needs to respond to the new emphasis on sustainable development, on the medium and long-term consequences of construction, on the whole life-cycle, and on the service rendered by buildings. Its focus now extends from design and construction, to the operation, maintenance, refurbishment and demolition of property.

Drawing on the work of the CIB Task Group on Macroeconomics for Construction, this book discusses mesoeconomic and macroeconomic models and methodologies in construction economics and is suited to graduate students and researchers.