To be meaningful the elements must be the same make and model. Then give a price-per standard unit of measure between the two elements. Central economic concepts for the course. Outline of general rules of economic theory. When things become scare their price goes up.
Externalities are items that remind humans of the consequences of their activities.
The role of the architect in economic decisions and the industry in general. The context of economic exchange as dynamic change. This leads to the evaluators of our industry. Due at the beginning of lecture eight. Examples and General Issues are presented through looking at a typical US building, what it costs to produce a building, how price and costs vary, what this means for consumers, producers, the market, real estate concerns, and the architect.