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IEC 507 - Islamic Economic Thought and History

Graduate Education Institute · Islamic Economics and Finance (English) · Master

ECTS: 7.5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Prof. Dr. Mehmet BULUT
Instructors: Dr. Öğr. Üyesi Abdelkader CHACHI

Course Objective

The aim of this course is to systematically examine Muslim thinkers' views on economics since the time of the prophet.

Course Content

In this course, the economic views and works of prominent Muslim thinkers, including the post-prophetic era, the medieval period, the period up to the 20th century, and modern times, are discussed.

Course Learning Outcomes

  1. 1 To learn the economic thoughts of Muslim thinkers who were influential in the establishment and development of our civilization with their thoughts and theories.
  2. 2 Understanding the development course of economic thought in Rights and Force-Centered Civilizations.
  3. 3 Trying to understand the historical foundations of Islamic economics.
  4. 4 To learn the economic practices of our Prophet (saas) and Hulefa-i Raşidin and the economic structure in the Age of Happiness.

Core Area Distribution

(22) Humanities%20 (34) Business and Administration%80

Teaching Methods

ExpressionQuestion-AnswerDiscussionPresentation

Assessment & Evaluation

HomeworkTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16232
Midterm11010
Quiz000
Assignment11010
Practice000
Final11818

Course Schedule

WeekSubjectPreparation
1Historical Development of Economic Theories and ThoughtRelevant Chapter from Given Source
2ContinueRelevant Chapter from Given Source
3Development of Economic Thought in Civilizations based on Right and ForceRelevant Chapter from Given Source
4ContinueRelevant Chapter from Given Source
5Economic Thought in Islamic World and Europe in Middle AgesRelevant Chapter from Given Source
6ContinueRelevant Chapter from Given Source
7Economic Thought in the Islamic World between 15th-19th centuriesRelevant Chapter from Given Source
8MidtermMidterm
9Economic Thought in Islamic World and Europe in 20th and 20st CenturiesRelevant Chapter from Given Source
10The challenges that humanity has faced in 21st Century and prescriptions of Islamic economic thoughtRelevant Chapter from Given Source
11ContinueRelevant Chapter from Given Source
12Transition from Monopoly Capitalism from Sharing EconomyRelevant Chapter from Given Source
13ContinueRelevant Chapter from Given Source
14Future of Economics: From here to where?Relevant Chapter from Given Source
15General ReviewRelevant Chapter from Given Source
16FinalFinal