City University of Hong Kong Course Syllabus offered by the Division

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City University of Hong Kong Course Syllabus offered by the Division of Building Science and Technology with effect from Semester B 2017 / 18

Part I

Course Overview

Course Title:

Business Management

Course Code:

BST22325

Course Duration:

1 semester

Credit Units:

3 credit units

Level:

A2 Arts and Humanities

Proposed Area: (for GE courses only)

Study of Societies, Social and Business Organisations Science and Technology

Medium of Instruction:

English

Medium of Assessment:

English

Prerequisites: (Course Code and Title)

Nil

Precursors: (Course Code and Title)

Nil

Equivalent Courses: (Course Code and Title)

BST21325 Project Management and Construction Economics

Exclusive Courses: (Course Code and Title)

Course Syllabus Jun 2017

Nil

1

Part II 1.

Course Details

Abstract (A 150-word description about the course) This course aims to provide students with knowledge of: principles of management including the concepts of project management, evolution of management theories, organization theories, human resource management and financial management; and  principles of microeconomics and macroeconomics related to the property market and construction industry.



2.

Course Intended Learning Outcomes (CILOs) (CILOs state what the student is expected to be able to do at the end of the course according to a given standard of performance.)

No.

CILOs

Weighting* (if applicable)

Discovery-enriched curriculum related learning outcomes (please tick where appropriate) A1 A2 A3   

Elaborate the concepts of project management, development of 15% management theories, managerial functions, attributes, roles and managerial skills for managers and project managers. Apply organization theories and structures to design business and 2. 15%  project organization for construction companies. Describe the motivation and leadership theories for managing 3. 15%  workforces in construction projects. Describe human resource management, industrial relations, and 4. 10%   interpersonal & organisational communication. Describe the market theory, consumer demand theory and market 5.   10% structure of construction and real estate industry. Explain the basic concepts of national income, fiscal policy, 6.   10% taxation policy, monetary and interest policy. Explain the basic concepts of development of real estate, urban 7.   10% land economy and government intervention in land markets. Analyse the basic financial statements and capital structures of a 8. 15%   business organization. * If weighting is assigned to CILOs, they should add up to 100%. 100% # Please specify the alignment of CILOs to the Gateway Education Programme Intended Learning outcomes (PILOs) in Section A of Annex.

1.

A1:

A2:

A3:

Course Syllabus Jun 2017

Attitude Develop an attitude of discovery/innovation/creativity, as demonstrated by students possessing a strong sense of curiosity, asking questions actively, challenging assumptions or engaging in inquiry together with teachers. Ability Develop the ability/skill needed to discover/innovate/create, as demonstrated by students possessing critical thinking skills to assess ideas, acquiring research skills, synthesizing knowledge across disciplines or applying academic knowledge to self-life problems. Accomplishments Demonstrate accomplishment of discovery/innovation/creativity through producing /constructing creative works/new artefacts, effective solutions to real-life problems or new processes.

2

3.

Teaching and Learning Activities (TLAs) (TLAs designed to facilitate students’ achievement of the CILOs.) Teaching pattern: Lecture/Workshop mix:

3 hours per week Lecture: 26 hours Workshop: 13 hours

TLA

Brief Description

CILO No. Hours/week (if 1 2 3 4 5 6 7 8 applicable)

Lecture

A class teaching activity to demonstrate, elaborate and illustrate the major theories and practices and class discussions on real-life cases and building projects. A workshop activity in which students are given real-life project information and written description of problems and are required to analyze the facts given, identify the problems and suggest solutions through class oral presentation and reports. A workshop activity to develop students’ collaborative skills. Students are given scenarios of real-life cases or topics resembling the dynamics of personal interactions. Students are required to work collaboratively to search for relevant information, express their ideas and interact within the group. An activity in class to require students to discuss on selected topics through cases or real-life examples under the supervision of the instructors. An in-class exercise used in lectures or workshops to train students’ skills in financial statements, budgeting, costing and cash flow analyses.

       

Project-based case study

Role play

Group discussion Computation exercise

  

  

        

4. Assessment Tasks/Activities (ATs) (ATs are designed to assess how well the students achieve the CILOs.) Coursework: Examination:

50% 50%

Duration of Examination:

2.5 hours

Note: A student must obtain a minimum mark of 35 in both coursework and examination components and an overall mark of 40 to pass the course. Assessment Tasks/Activities

CILO No. 1 2 3

Test

5

6

 

Group report & presentation Individual assignment Examination

Weighting* 4

8





Remarks

10% 20%

     



     



* The weightings should add up to 100%.

Course Syllabus Jun 2017

7

20%



50% 100%

3

 

5.

Assessment Rubrics (Grading of student achievements is based on student performance in assessment tasks/activities with the following rubrics.) Assessment Task

Criterion

1. Group report and presentation

1.1 Ability to explain in detail with accurate applications of microeconomics, macroeconomics and management principles in business management. 1.2 Ability to present all ideas in a logical order and communicate effectively via written texts and/or oral presentation. 2.1 Capacity for self-directed learning to understand the principles and applications of business management 2.2 Ability to explain the methodology and procedure in a logical order and communicate effectively via written texts. Ability to apply microeconomics and macroeconomics principles into the property market and construction industry Ability to apply business management principle into the property market and construction industry

2. Individual assignment

3.

Test

4.

Examination

Course Syllabus Jun 2017

Excellent (A+, A, A-) High

Good (B+, B, B-) Significant

Fair (C+, C, C-) Moderate

Marginal (D) Basic

Failure (F) Not even reaching marginal levels

High

Significant

Moderate

Basic

Not even reaching marginal levels

High

Significant

Moderate

Basic

Not even reaching marginal levels

High

Significant

Moderate

Basic

Not even reaching marginal levels

High

Significant

Moderate

Basic

Not even reaching marginal levels

High

Significant

Moderate

Basic

Not even reaching marginal levels

4

  Part III 1.

Other Information (more details can be provided separately in the teaching plan)

Keyword Syllabus (An indication of the key topics of the course.) Evolution of organizational behaviour and management theories. Major management thoughts. Managerial functions. Managerial attributes and roles. Managerial style and system. Management skills: planning, leadership and integrity, negotiation and persuasion, presentation, assertiveness and decision-making. Organization theories and structures: Organization system and structures. Coordination, coordinating mechanisms, span of control, delegation, centralization and decentralization. Motivation: Maslow's hierarchy of needs. Hygiene theory. Expectancy theory. Equity theory. Effectiveness of motivational techniques. Leadership: nature of leadership, leadership traits, behaviour of leaders; leadership effectiveness. Contingency approaches. Human resource management, policy and strategy; Interpersonal and organisational communication. Market theory: supply and demand analysis, factors influencing demand and supply, and market equilibrium. Elasticity of supply and demand, shift of equilibrium and its applications to the construction market. Consumer Demand theory: marginal utility analysis and indifference curve analysis. Market structure of industry: theory of the firm (perfect competition, monopolistic competition and oligopoly) and its applications to the construction organisations, extent of competition and efficiency of the construction industry. Investment and development of real estate property. Urban land economy and government intervention in land markets. National Income determination: composition of aggregate demand; consumption function; determination of income by income-expenditure approach and withdrawal and injection approach; and the multiplier. Fiscal policy: government expenditure as a component of aggregate demand; effects of government spending and tax charges on the National Income; and structure of Government revenue and expenditure. Money, interest and income: functions of money; demand for money, interest rates; money market equilibrium; and effectiveness of monetary policy. Financial Management: Financial structure. Sources and application of capital and funds. Methods of company accounting. Taxation and depreciation. Concepts and principles of cost and budgetary control. Costs of production: short-run costs and profit maximization; long-run costs and economies of scale; and their applications to construction firms.

2. Reading List 2.1 Compulsory Readings (Compulsory readings can include books, book chapters, or journal/magazine articles. There are also collections of e-books, e-journals available from the CityU Library.)

1. 2 3. 4. 5.

Calvert R.E., Coles D.C.H. and Bailey G.J. (1995) Introduction to Building Management, 5th Edition, Oxford: Butterworth-Heinemann. Harris, F and McCaffer, R. (2013) Modern Construction Management, 7th Edition, London, Wiley. Stoner, J.A. F. & Freeman, R E and Daniel R. Gilbert, Jr. (1995) Management, 6th edition, Englewood Cliffs, N.J.: Prentice Hall. Manser, J.E. (1994) Economics: A foundation course for the built environment, London: E & FN Spon. Myers, D. (1994) Economics and property: a coursebook for students of the built environment, London: Estate Gazette Parkin, M. (2008) Economics, 7th ed, Boston : Pearson/Addison Wesley.

2.2 Additional Readings (Additional references for students to learn to expand their knowledge about the subject.)

1. 2. 3. 4. 5.

Course Syllabus Jun 2017

Hubbard, R.G. & O’Brien, A.P. (2008) Microeconomics, 2nd ed., N.J.: Pearson Prentice Hall McConnell, C.R. & Brue, S. L. (2008) Macroeconomics: Principles, Problems, and Policies 15th ed., Boston: McGraw-Hill/Irwin. Shutt, R.C. (1995) Economics for the Construction Industry, 3rd ed., Essex: Addison Wesley Longman Limited. Construction Sites (Safety) Regulations ( Cap 59 sub. leg.I ), Hong Kong: Hong Kong SAR Government. Hong Kong Annual Report: http://www.ird.gov.hk/eng/ppr/are.htm

5

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City University of Hong Kong Course Syllabus offered by the Division

City University of Hong Kong Course Syllabus offered by the Division of Building Science and Technology with effect from Semester B 2017 / 18 Part I ...

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