Architectural Design 3 min read
What are the Different Components of Construction Drawings?
Construction drawings are the most important part of any construction project. These drawings are vital for the commencement of construction…
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Architectural Design 2 min read
Schedule of work for construction
Introduction Schedules of work (or schedule of works) are ‘without quantities’ instructional lists often produced on smaller projects or for alteration work. They are an…
Architectural Design 1 min read
What is a Window and Door Schedule in Home Plans?
A window and door schedule in a home build plan is the plan for when these items are scheduled to…
Architectural Design 1 min read
Layout and Framing Plan Views
Foundation Plan The information on a foundation plan provides critical dimensions for structural support features. The height of the cutting…
Architectural Design 2 min read
What is the standard size for construction plans?
The drawing sizes for construction plans will come in several different formats — with 18” x 24” and 24” x…
General Concepts 7 min read
GDP
Introduction Definitions and Basics ● National Income Accounts, from the Concise Encyclopedia of Economics ● The broadest and most widely used measure of national…
General Concepts 6 min read
Inflation
Introduction Definitions and Basics ● Inflation, from the Concise Encyclopedia of Economics ● Economists use the term “inflation” to denote an ongoing rise in…
General Concepts 6 min read
Real, Relative, and Nominal Prices
Introduction ● Definition: The nominal price of a good is its value in terms of money, such as dollars, French francs,…
General Concepts 9 min read
Opportunity Cost
Introduction ● Opportunity cost refers to what you have to give up to buy what you want in terms of other…
General Concepts 13 min read
Incentives
Introduction In economics, incentives matter. If you make decisions without thinking about your personal incentives, let us know. Definitions and…
General Concepts 7 min read
Wellbeing and Welfare
Introduction ● The word “welfare” has two very different meanings in economics. The most familiar meaning to the general public is…
General Concepts 20 min read
Property Rights
Introduction ● You may wonder what property rights have to do with economics. Your property–your house, your car, your pets–are items…
