Professional Documents
Culture Documents
COURSE OUTLINE
Kulliyyah / Institute
Department / Centre
Department of Economics
Programme
Course Code
ECON 1710
Semester I & II
Status
Core
Level
Undergraduate
Semester I, 2014/2015
Teaching-related
relatedAssessment-
Mid-term Exam
Final Exam
Formal
Assessment
Group Presentation
Independent
Learning
Lecture
Face to
face
36
42
31
Total Hours
120
Nil
This course is expected:
1.
Course Objectives
Learning Outcomes
Transferable Skills:
Teaching-Learning/assessment
strategy
Course Synopsis
Description
Lectures, in-class discussions,
consultation and group
presentations
Group-based oral
presentation on
assigned topics
Group work on
selected Islamic
economics issues
Mid-semester exam
Final exam
This course introduces students to the basic premise that the study of Islamic
economics proceeds from the Islamic worldview and has to be developed
LO
1,2,3
4
4,5
All
Method
Mid-semester Exam
Group Presentation
Group Paper
20
10
Final Exam
50
20
TOTAL
100
01
02
Programme Outcomes
03 04 05 06 07
1.
2.
3.
Content outline of the course / module and the SLT per topic
08
09
Weeks
1-3
4-5
Nasr (1993)
Chapra (2009)
Arnold (2001)
Islamic Economics
Definition of economics; scarcity and choice and the
economic problems; definition and scope of Islamic
economics.
14
Haneef (1997)
Mahmassani
(2000)
Abu Saud (1993)
Task/Reading
(author/page)
16
6-7
Learning
Hours
Topics
Property Ownership
Definitions and types; general principles and types of
ownership in Islam; implications for the economic system.
Motivation/Incentives
Definition, types and importance; relationship between
Islamic worldview and motivation; implications for rational
behaviour.
Coordination Mechanism
Definition and types; importance of markets and planning.
14
Kahf (1992),
Mirakhor (1995)
Khan (1992),
Gregory/Stuart
(1992)
8-10
11-12
14
Distribution
Goals and principles of distribution in Islam; types/categories
of distribution in economics; equity, equality and justice;
provision of basic needs and the reduction of poverty.
Siddiqi, Kahf,
[All from Sayyid
Tahir (1989,
eds.)]
McConnell &
Brue (2002)
14
Iqbal, Siddiqi,
Zarqa, [All from
Munawar Iqbal
(1986, ed.)]
Syed (1992)
Islamic Financing
13-14
Riba
Meaning and scope, stages in the prohibition of riba and its
rationale.
12
Siddiqi (2004),
Chapra (1992)
Islamic Alternatives
Riba vs. bay; concepts of mudarabah, musharakah,
murabahah, and ijarah; selected issues in Islamic finance.
Required references supporting the course
Abu Saud, Mahmoud. (1993). The methodology of the Islamic behavioural sciences. The American Journal of
Islamic Social Sciences. 10 (3).
Arnold, R. A. (2001). Economics. 5th Edition. (Chapter 1, pp. 1-20). USA: South-Western College Publishing.
Al-Junaid, Syed Abdul Hamid. (1992). Reading in microeconomics: an Islamic perspective. In Syed Tahir, Aidit
Ghazali, Syed Omar S.A. (Eds.). Kuala Lumpur: Longman.
Chapra, M. U. (1992). The nature of riba and its treatment in the Qur`an, hadith and fiqh. In Syed Ghazali et. al. (Eds.),
Introduction to Islamic Finance. Appendix 1 (pp. 379-391).
Chapra, M. U. (1992). Riba in the Quran, hadith and fiqh. In Syed Ghazali et. al. (Eds.), Introduction to Islamic
Finance.
Gregory, P. R., & Stuart, R. C. (1995). Comparative economic systems. 5th Edition. Boston: Houghton Mifflin
Company.
Haneef, M. A. (1997). Islam, the Islamic worldview and the methodology of Islamic economics. Journal of Islamic
Checked by:
Approved by:
_______________________
Dr. Mohd Nahar Mohd Arshad
Course Coordinator
Department of Economics
Kulliyyah of Economics &
Management Sciences
_______________________
Prof. Dr. Norma Md Saad
Head
Department of Economics
Kulliyyah of Economics &
Management Sciences
_______________________
Prof. Dr. Nik Nazli Nik Ahmad
Dean
Kulliyyah of Economics &
Management Sciences
Knowledge
2. Utilize quantitative and qualitative techniques and creative thinking to solve economic
problems.
Practical Skills
3. Cooperate with others in providing solution to problem faced in socially responsible manner
for the progress of the nation and the ummah.
4.
5.
Value, Attitudes,
Professionalism
Communication
Problem Solving
and Scientific Skill
Information
Management and
Lifelong Learning
8.
9.
Managerial and
Entrepreneurial
*Leadership and
Team Skills