Fakultas Ekonomi di Islamic Internasional University Malaysia (IIUM)

Bachelor of Economics (B.Econs.)

The IIUM’s Bachelor of Economics program prepares students to have solid foundations in economic theory and empirical analyses. It offers students a wide variety of applied courses to help advance their understanding of the broad application of economics in relevant aspects of life.

 

Programme Description


In line with the university’s mission of Islamization of knowledge, most of the courses are taught with an Islamic perspective.
The program seeks to develop in students an ability to think critically from an Islamic angle in order to contribute to a clear understanding of contemporary economic activities.  It is a program meeting international academic standards with an Islamic orientation. It is designed to produce professionals who are competent in the economic discipline imbued with an Islamic vision.
The program provides specialized courses in four areas, namely, Islamic economics, finance, international economics and development economics. This allows students to focus on the area of concentration of their choice

.
AREAS OF CONCENTRATION
Students can choose to specialize in any one of the following areas: Islamic Economics, Finance, International Economics, or Development Economics. Students must take at least four courses in a chosen package. The remaining courses can be chosen from other packages in the department or from other departments as listed in the Other Elective Courses.

1          FINANCE

FIN 3010
Financial Management I
(3 credit hours)
FIN 3011
Financial Management II       
(3 credit hours)
FIN 4020
Investment Analysis
(3 credit hours)
FIN 4030
Principles & Practices of Takaful & Re-Takaful
(3 credit hours)
FIN 4040       
Corporate Finance      
(3 credit hours)
FIN 4710
International Finance
(3 credit hours)
 ECON 4130
Forecasting for Economics and Business      
(3 credit hours)
2.         INTERNATIONAL ECONOMICS
ECON 3710
International Economics
(3 credit hours)
ECON 3720
Globalization and Regional Economic Powers
(3 credit hours)
ECON 3730
Islamic Countries in the Global Economy
(3 credit hours)
ECON 4730
International Monetary Economics
(3 credit hours)
ECON 4740
International Trade and Development
(3 credit hours)
FIN 4710
International Finance
(3 credit hours)
3.         DEVELOPMENT ECONOMICS
ECON 3230   
Economic Development
(3 credit hours)
ECON 4220
Industrial Economics 
(3 credit hours)
ECON 4230
Human Resource Development
(3 credit hours)
ECON 4240
National Income Accounting
(3 credit hours)
ECON 4280  
Environmental Economics
(3 credit hours)
ECON 4740
International Trade and Development
(3 credit hours)
4.         ISLAMIC ECONOMICS
ECON 3512
Fiqh For Economists III
(3 credit hours)
ECON 4020
Contemporary Economic Thought & Policy    
(3 credit hours)
ECON 4510
Issues in Islamic Economics
(3 credit hours)
ECON 4530
Objectives of Sharicah
(3 credit hours)
ECON 4540
Economics in the Qur’an & Sunnah
(3 credit hours)
ECON 4550
Economics of Zakat   
(3 credit hours)
5.         OTHER ELECTIVE COURSES
ECON 3150
Mathematical Economics
(3 credit hours)
ECON 3620
Project Evaluation and Feasibility Studies
(3 credit hours)
ECON 4110
Econometrics II
(3 credit hours)
ECON 4710
Issues in International Economics
(3 credit hours)
ECON 4780
ASEAN Economies
(3 credit hours)
ECON 4810
Research Methodology
(3 credit hours)
ACC 2001
Intermediate Accounting
(3 credit hours)
ACC 2501
Company Accounting
(3 credit hours)
ACC 2511
Cost Management
(3 credit hours)
ACC 3001
Advanced Accounting
(3 credit hours)
ACC 3501
Advanced Group Accounting
(3 credit hours)
ACC 3511
Decision Making and Control
(3 credit hours)
ACC 3555
Cost & Management Accounting
(3 credit hours)
ACC 3541
Malaysian Taxation
(3 credit hours)
ACC 4001
Accounting Theory & Policy
(3 credit hours)
ACC 4041
Advanced Taxation
(3 credit hours)
ACC 4051
Public Sector Accounting
(3 credit hours)
ACC 4542
International Taxation
(3 credit hours)
ACC 4561
Accounting for Islamic Banks
(3 credit hours)
ACC 4563
Zakat Accounting
(3 credit hours)
ACC 4581
Company Secretarial Practice
(3 credit hours)
ACC 4582
Corporate Governance
(3 credit hours)
FIN 4150
Financial Statement Analysis
(3 credit hours)
FIN 4250
Bank Management
(3 credit hours)
FIN 4870
Futures Options & Risk Management
(3 credit hours)
MGT 3050
Decision Science
(3 credit hours)
MGT 4320
Human Resource Management
(3 credit hours)
MGT 4510
Industrial Relations
(3 credit hours)
MGT 4650
Entrepreneurship
(3 credit hours)
MGT 4660
Small Business Management
(3 credit hours)
MGT 4760
Strategic Management
(3 credit hours)
MGT 4810
International Business
(3 credit hours)
MGT 4820
Management From an Islamic Perspective
(3 credit hours)
MGT 4850
International Management
(3 credit hours)
MKTG 3010
Marketing Principles  
(3 credit hours)
MKTG 4010
Marketing Management & Strategy
(3 credit hours)
MKTG 4250
Retail Management
(3 credit hours)
MKTG 4410
Marketing Research
(3 credit hours)
MKTG 4810
International Marketing
(3 credit hours)
LAW 3112
Malaysian Business Law (for ENM) 
(3 credit hours)
LAW 3212
Company Law           
(3 credit hours)
LAW 3512
Commercial Law        
(3 credit hours)
INFO 1301
Internet Applications
(3 credit hours)
INFO 2201
Multimedia Technology
(3 credit hours)
INFO 2401
Systems Analysis & Design
(3 credit hours)
INFO 2501
Management Information Systems
(3 credit hours)

 

JOB PROSPECTS
Students graduating with Bachelor of Economics have broad career prospects in various positions such as Central bankers, Commercial bankers, Resource person in Islamic banks and other financial institutions, Executives in the corporate sector, Officers in the public sector, Economists, Policy analysts, Academicians, Researchers, Asset management officers and Market analysts, Human resource management officers, and Financial planners.

DOUBLE DEGREE IN ECONOMICS & ISLAMIC REVEALED KNOWLEDGE AND HERITAGE (IRK&H)
The double-degree program is introduced to produce graduates who will be able to contribute more effectively in promoting the implementation of Islamic Economics and its related disciplines, as they will be equipped with more intensive knowledge of the Sharicah and other aspects of the Islamic heritage.  The program is designed to equip students with the integrated and in-depth knowledge of conventional and Islamic economics which will produce graduates with a niche in the job market especially in the fast growing Islamic financial sector, locally and abroad.  These graduates will be in a better position to assist in the process of integration of knowledge and in realizing the ideals of Islam in the various aspects of economic activities.
Economics students who wish to obtain a second degree in IRK&H must fulfill the requirements of both the B.Econs. and B.IRK&H programs. Courses that have been taken to satisfy the B.Econs. requirements, which are relevant to the B.IRK&H can be transferred to the latter program.  In addition, students are required to fulfill additional Arabic language requirement. The minimum total number of credit hours for a double-degree in Economics and Islamic Revealed Knowledge and Heritage is 146 (or 144 for international students).
The following are the IRK&H required and elective courses for the double-degree program.
REQUIRED COURSES
RKQS 2020
Sciences of Hadith     
(3 credit hours)
RKQS 4140
Methodology of Mufassirin I
(3 credit hours)
RKQS 4210
Takhrij al-Hadith
(3 credit hours)
RKQS 4220
Principles of Dealing with Sunnah
(3 credit hours)
RKQS 4240
Al-Jarh wa al-Tacdil (Criticism of Transmitters)
(3 credit hours)
RKFQ 4150
Fiqh al-Siyar (Islamic Political System & International Relations)
(3 credit hours)
RKFQ 4140   
Modern Islamic Legal Studies
(3 credit hours)
RKUD 4999
Research Methodology
(3 credit hours)
RKUD 3210
Islamic Call: Principles & Methods
(3 credit hours)
-
Other courses (IRK&H or ECON) which may be  deemed relevant
(3 credit hours)

ELECTIVE COURSE
Students are required to choose four (4) of the following courses as electives:
RKQS 4230
Contemporary Trends in Sunnah Studies      
(3 credit hours)
RKQS 3160
Tafsir Mawduci (Thematic Exegesis) 
(3 credit hours)
RKQS 4120
Qur’anic Discourse (Al-Khitab Al Qur’ani)  
(3 credit hours)
RKQS 4150
Methodology of Mufassirin II           
(3 credit hours)
RKFQ 4130
Islamic Legal Maxims and Concepts
(3 credit hours)
RKUD 3320
Formal & Symbolic Logic
(3 credit hours)
RKUD 4120
Issues in Contemporary Islamic Thought (in English)
(3 credit hours)
RKUD 4310
Philosophy of Science (in English)    
(3 credit hours)
RKUD 4350
History of Islamic Philosophy
(3 credit hours)
RKFQ 3130
Fiqh al-Usrah
(3 credit hours)
-
Other courses (IRKH) or ECON) which may be deemed relevant
(3 credit hours)

ARABIC LANGUAGE REQUIREMENT FOR DOUBLE-DEGREE IN ECONOMICS AND IRKHS
LQ 0181
Elementary Qur’anic Language I for Economics
(8 credit hours)
LQ 0182
Elementary Qur’anic Language II for Economics
(8 credit hours)
LQL 0414
Qur’anic Language Skills – Listening
(4 credit hours)
LQS 0415
Qur’anic Language Skills – Speaking
(5 credit hours)
LQR 0414
Qur’anic Language Skills – Reading
(4 credit hours)
LQW 0415
Qur’anic Language Skills – Writing
(5 credit hours)

Entry Requirements

The minimum entry requirement for the Bachelor of Economics program is a CGPA of 2.0 and an average of B- for the following two courses:
ECON 1510 Principles of Microeconomics
(3 credit hours)
ECON 1610 Principles of Macroeconomics
(3 credit hours)
DEPARTMENT REQUIRED COURSES
Students must complete 36 credit hours of the department required courses. The courses are:
ECON 2110 Intermediate Microeconomics I
(3 credit hours)
ECON 2111   Intermediate Microeconomics II
(3 credit hours)
ECON 2310   Intermediate Macroeconomics I
(3 credit hours)
ECON 2311 Intermediate Macroeconomics II
(3 credit hours)
ECON 3010 Malaysian Economy
(3 credit hours)
ECON 3110 Econometrics I
(3 credit hours)
ECON 3410 Money and Banking
(3 credit hours)
ECON 3430 Islamic Banking and Finance
(3 credit hours)
ECON 3450 Public Finance
(3 credit hours)
ECON 3550 Usul Fiqh I    
(3 credit hours)
ECON 3551 Usul Fiqh II
(3 credit hours)
ECON 4010 History of Islamic Economic Thought
(3 credit hours)

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