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

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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 Shari^cah	(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 Shari^cah 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-Ta^cdil (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 Mawdu^ci (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)