Islamic Monetary Economics Course unit titles Islamic Monetary Economics Course unit code EKS609 Type of course unit (compulsory, optional) Optional 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) Second year Semester/trimester when the course unit is delivered 3rd semester Number of ECTS credits allocated 3 credits (4.8 ECTS) Name of lecturer(s) Prof.Dr. Raditya Sukmana Dr. Sri Herianingrum Learning outcomes of the course unit After finishing the course, students will be able to understand Islamic monetary economics, which is essentially about the role of the central bank in influencing the economy through Islamic financial instruments and the existing transmission mechanisms. In addition to understanding the use of contemporary currencies and all their impacts, students will understand the basics of gold as a currency to make research proposals / theses with good quantitative and qualitative methods (clear research objectives, research gaps, relevant to current conditions and follow the right methodology ) Mode of delivery (face-to-face, distance learning) face-to-face, distance learning Prerequisites and co-requisites (if applicable) --- Course content The course teaches students related to the way the central bank regulates the economy through its instruments to regulate the money supply in the community. In addition to studying instruments, this course will also study the transmission mechanism that links central bank policy and the economy. This course begins with the objective of Islamic monetary economy, which is then continued with money as currency, the mechanism of transmission and also discusses alternative currencies, namely gold. Recommended or required reading and other learning resources/tools 1. Solikin M Juhro, Darsono, Ferry Syarifuddin, Ali Sakti Editor Muhammad Syafii Antonio "Kebijakan Moneter Syariah Dalam Sistem Keuangan Ganda Teori dan Praktik"."Tazkia Publishing".2018 2. Perry Warjiyo, Solikhin M Juhro” Kebijakan Bank Sentral Teori dan Praktik” . PT Rajawali Pers.2016 3. Umer Chapra "Sistem Moneter Islam" 2000."Gema Insani Pers. / Towards a just monetary system. 4. Hifzur Rab. “Economic Justice in Islam : Monetary Justice and The Way Out of Interest (Riba)”. AS Noordin. 2006 5. Muhammad Natsir “Ekonomi Moneter dan Kebanksentralan”2014. Mitra Wacana Media 6. Umer Chapra. “Sistem Ekonomi Moneter Islam”. Gema Insani Pers. 2002 7. Economics of Money Banking, Frederic Mishkin 8. Part I : Seigniorage of Fiat Money and the maqasid al-Shariah: the unattainableness of the maqashid, Ahamed Kameel Mydin Meera, Moussa Larbani (2006) Humanomics, Vol 22 Issue:1, pp.17-33 9. Seigniorage of Fiat Money and the maqasid al-Shariah:The compatibility of the gold dinar with the maqashid Planned learning activities and teaching methods Quiz, Questions and answers, and independent study Language of instructions Bahasa, English Assessment methods and criteria Non-test form summarizes the general framework and Islam Quiz