Course unit titles

Islamic Microeconomics

Course unit code

EKS605

Type of course unit (compulsory, optional)

Compulsory

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

Master Program of Islamic Economics

Year of study when the course unit is delivered

(if applicable)

First year

Semester/trimester when the course unit is delivered

2nd Semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)
  1. Dr. Tika Widiastuti, SE., MSi (PJMK)
  2. Prof. Dr. Raditya Sukmana, SE., MA
  3. Dr. Sri Herianingrum, SE., M.Sc

Learning outcomes of the course unit

After finishing the course, students are expected to analyze Islamic economics and finance based on information from data processing, master the theoretical concepts of Islamic and conventional economics and finance as a whole and comprehensively, mastering the basic principles of Islamic management science, Ziswaf fiqh ( zakat, infaq, alms, and waqf) as well as the concept of ziswaf economic and social empowerment.

Mode of delivery (face-to-face, distance learning)

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

Introduction to Islamic Economics

Course content

This course is a continuation of the Introduction to Islamic Economics course which discusses the concept of need in Islam, Islamic consumption theory, the concept of demand in Islam, Islamic production theory, cost analysis, Islamic supply, profit maximization, market structure and market mechanisms in Islam. After attending this course, students are expected to understand the basics of Islamic microeconomics, explain the differences between conventional microeconomic theory and Islamic microeconomic theory, and have the ability to apply Islamic microeconomic concepts to analyze microeconomic problems.

Recommended or required

reading and other learning resources/tools

Main references:

1. Karim, Adiwarman, 2007. Islamic Microeconomics. Raja Grafindo Indonesia. (KAR1)

2. Zainal, Rivai Veithzal., Huda, Nurul., Ekawati, Ratna., Riorini, Sri Vandayuli., 2018, Islamic Microeconomics, Cahaya Prima Sentosa Jakarta (ZAI)

3. Karim, Adiwarman, 2016. Islamic Microeconomics. IIIT Indonesia. (KAR2)

4. MB Hendrie Anto (HA), 2003. Introduction to Islamic Microeconomics

5. Suherman Rosyidi (SR), 2007. Introduction to Economic Theory

Supported Books:

1. At-Tariqi, Abdullah Abdul Husain, 2004. Islamic Economics, Principles, Basics and Objectives, Magistra Insania Press, Yogyakarta (AT)

2. Tahir, S., Gazali , A., and Omar, S. 1992. Readings in Microeconomics, An Islamic Perspective. Longman Malaysia Sdn. Bhd. (TAH)

3. Metwally, M. 1995. Islamic Economic Theory and Models.PT. Awakening Human Power. (MET)

4. Antonio, MS 2001. Islamic Banking from Theory and Practice. Gema Insani Press and Tazkia Scholar. (ANT)

5. Nasution, Mustafa Edwin, 2007, Exclusive Introduction to Islamic Economics (NAS)

6. Muhammad, 2004. Microeconomics in an Islamic Perspective. BPFE Yogyakarta. (MUH)

Planned learning activities and teaching methods

Classical Lectures and Discussions

Language of instructions

English

Assessment methods and criteria

Portfolio, Showcase