ECON454 Islamic Economics
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Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
T | P | |||||||||
ECON454 | Islamic Economics | 3 | 0 | 6 | Tue 15:00-17:50 | |||||
Prerequisite | ECON112 | It is a prerequisite to | None |
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Lecturer | Office Hours / Room / Phone | Currently not available |
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Assistant | Assistant E-mail | |||||||||
Course Objectives | This course allows the student to develop a critical understanding of the development of Islamic economic and finance theory and become more appreciative of the contributions made by Muslim thinkers. Other than referring to the Quran and Sunnah as the key referral materials, this course also discusses the related theories and the current economics and finance issues from both the conventional and Islamic point of view. | |||||||||
Textbook | 1. Askari, H., Iqbal, Z. & Mirakhor, A. (2015) Introduction to Islamic Economics: Theory and Practice, Singapore: John Wiley& Sons. (1) 2. ISRA (2018) Islamic Economics: Principles and Analysis, Kuala Lumpur: ISRA. (2) | |||||||||
Additional Literature | ||||||||||
Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
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Teaching Methods | The methods include lectures (which may involve power point presentation, video and audio aids), student presentations, projects and class discussions. | |||||||||
Teaching Method Delivery | Online | Teaching Method Delivery Notes | ||||||||
WEEK | TOPIC | REFERENCE | ||||||||
Week 1 | Introductory Lecture | |||||||||
Week 2 | Economic Systems: An Overview | Ch. 01 (1) & Ch. 01 & 05 (2) | ||||||||
Week 3 | Foundation of the Islamic Economic System | Ch. 02 (1) | ||||||||
Week 4 | Shari'ah Foundation of the Islamic Economics and Finance | Special reading handout | ||||||||
Week 5 | Islamic economic system | Ch. 04 (1) | ||||||||
Week 6 | Ethics, Morality and Economic Performance | Ch. 04 (2) | ||||||||
Week 7 | Mid-Term Exam | |||||||||
Week 8 | The Institutional setting of the Islamic Economic | Ch. 03 (1) | ||||||||
Week 9 | Key Microeconomic Concepts | Ch. 05 (1) & Ch. 06 (2) | ||||||||
Week 10 | Key Macroeconomic Concepts | Ch. 06 (1) & Ch. 11 (2) | ||||||||
Week 11 | Role of the State and Public Policy | Ch. 09 (1) & Ch. 11 (2) | ||||||||
Week 12 | Fiscal Policy | Ch. 10 (1) & Ch. 14 (2) | ||||||||
Week 13 | Monetary Policy | Ch. 11 (1) & Ch. 15 (2) | ||||||||
Week 14 | Paper Presentations | |||||||||
Week 15 | Paper Presentations |
Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs |
Final Exam | 1 | 40 | 1-6 | |
Semester Evaluation Components | ||||
Mid-Term Exam | 1 | 30 | 1-5 | |
Project Paper | 1 | 20 | 1-6 | |
Class Participation | 10 | 1-6 | ||
*** ECTS Credit Calculation *** |
Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
Lecture hours | 3 | 15 | 45 | Home study | 1 | 15 | 15 | |||
Project Paper | 10 | 3 | 30 | Mid-Term Exam Study | 30 | 1 | 30 | |||
Final Exam Study | 30 | 1 | 30 | |||||||
Total Workload Hours = | 150 | |||||||||
*T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 06/09/2021 |