Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate
Course Objective
It is to examine the thoughts of Muslims on economic activities from the early period to the present day. The intellectual legacy of Muslims regarding economic activities and economic problems will be reviewed. By making comparisons with the economic thoughts of the West and other societies, it will be tried to reveal the similarities and differences between the ideas of Muslims and other societies on economic problems.
Course Content
In this course, an in-depth analysis will be made on the relationship between Islamic thought and economics, the effects of Islamic belief on economic units, and the relations of Islamic economics with mainstream economic thought.
Course Learning Outcomes
- The economic system approach represents the most comprehensive approach to economic life and relations. For this reason, it is expected that such a course will lead to a very valuable horizon expansion after his studies at the undergraduate level.
- Since this course is also comparative, it is expected to stretch this broadening of the horizon beyond national borders and towards a global vision.
- Since the history of economic systems is one of the main topics of this course, a temporal horizon extension is expected to be added to the mentioned spatial horizon expansion.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 6 | 6 |
| Quiz | 2 | 2 | 4 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 8 | 8 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Basic Economic Problems and Their Alternative Solutions | relevant chapter |
| 2 | Economic System: Concept, Definition and Clasification | relevant chapter |
| 3 | Characteristics of An Economic System | relevant chapter |
| 4 | Comparative Economic Systems | relevant chapter |
| 5 | Economic Systems in History | relevant chapter |
| 6 | An Overview of Contemporary Economic Systems: Each System Unique/Singular or Plural. | relevant chapter |
| 7 | Capitalist Economic Systems in Theory | relevant chapter |
| 8 | Midterm exam | Midterm exam |
| 9 | Capitalist Economic Systems in Practice | relevant chapter |
| 10 | Socialist Economic Systems in Theory | relevant chapter |
| 11 | socialist economic system in practice | relevant chapter |
| 12 | Islamic Economic Systems in Theory | relevant chapter |
| 13 | Islamic Economic Systems in Practice | relevant chapter |
| 14 | Economic Modernization, Postmodernization and Globalization | relevant chapter |
| 15 | Discussion | Discussion |
| 16 | Final Exam | Final Exam |