Course Details

ISLAMIC ECONOMICS ECONOMY AND FINANCE

ECON359

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Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
3ECON359ISLAMIC ECONOMICS, ECONOMY AND FINANCE3+0+035

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course Introducing the basic theories and methods of Islamic Economics. Introducing the Islamic finance sector. Introducing different other sectors of the Islamic economy, e.g., fashion, pharmacy, tourism, entertainment, etc. Analyzing Islamic Economics, Economy, and Finance in the frame of institutional economics and cultural economics.
Course Content In the 1960s the concepts of Islamic Economics came up as a theory of the third way between Capitalism and Communism. While only few countries, like Iran and Sudan, have tried to regulate their economies completely according to Islamic religious law, Islamic finance and other sectors of a dedicated Islamic economy have developed successfully and spread among Muslim countries. The course is designed as an introduction to the theories of Islamic economics and finance, and their implementation.
Course Methods and Techniques This course will utilize besides the classical lecture methods such as case studies, literature reviews, and group discussions. Students will work with economic data and reports to analyze the concepts of Islamic finance and the Islamic economy sectors. Group projects will also be used to ensure the practical application of theoretical knowledge.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr. HEIKO SCHUSS
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Will be posted to CANVAS
This course aims to introduce the basic theories, methods, and applications of Islamic economics. The Islamic finance sector, including interest-free banking and other financial instruments, will be emphasized. Additionally, various sectors of the Islamic economy (such as fashion, pharmacy, tourism, entertainment, etc.) will be explored. The course will analyze Islamic economics and finance within the framework of institutional economics and cultural economics. Students will gain an understanding of how Islamic economic models function in the modern world and how they influence economic development in Muslim countries.

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Quiz/Küçük Sınav 1 % 30
Ödev 5 % 10
Sunum/Seminer 1 % 20
Final examination 1 % 40
Total
8
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Grup Projesi 1 30 30
Sınıf İçi Aktivitesi 14 3 42
Okuma 14 1 14
Araştırma 6 2 12
Kişisel Çalışma 9 2 18
Ders dışı çalışma 14 2 28
Final Sınavı 1 3 3
Total Work Load   Number of ECTS Credits 5 147

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Compare the basic theories of Islamic Economics and with mainstream economics.
2 Analyze the basic instruments of Islamic Finance and their applications.
3 Analyze how the sectors of the Islamic Economy, e.g., fashion, pharmacy, tourism entertainment, etc., are developing.
4 Make small case studies about specific Islamic economy products or sectors.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction: What are Islamic Economics, Islamic Economy and Islamic Finance?
2 Different Approaches to Islamic Economics
3 Islamic economic institutions in the classic period
4 Islamic Banking – basic instruments
5 Islamic Banking – advanced instruments
6 Islamic Bonds (sukuk), Stock Markets and Funds
7 Islamic Insurances
8 Halal Meat and Food – part 1
9 LFW
10 Halal Meat and Food - Part 2
11 Islamic Fashion
12 Islamic Tourism
13 Other sectors of the Islamic Economy (pharmaceuticals, cosmetics, entertainment, etc.)
14 Summary and Project Presentations


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 2 3 3 3 4 2 5 4 4
C2 4 4 5 3 4 3 5 2 4
C3 4 4 2 3 4 3 5 2 4
C4 3 4 3 3 4 3 5 2 4

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=76816&lang=en
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