This new text is written specifically for students taking undergraduate courses in real estate, surveying and construction. It provides an introduction to basic economic theory in a form specifically relevant to those courses, presenting the topics in an up-to-date, real world setting which students can understand and appreciate. Each chapter adopts a triple approach; looking first at economic theory, then application to the real estate market and the construction industry. This new text is written specifically for students taking undergraduate courses in real estate, surveying and construction. It provides an introduction to basic economic theory in a form specifically relevant to those courses, presenting the topics in an up-to-date, real world setting which students can understand and appreciate. Each chapter adopts a triple approach; looking first at economic theory, then application to the real estate market and the construction industry.