SYLLABUS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
FACULTY ECONOMIC AND BUSINESS UNIVERSITAS MUHAMMADIYAH YOGYAKARTA
Name of Course : Methods of Economic Decision Making Subject Credit Value : 3 (three)
Semester : 5 (five)
Instructor : Dr. Ayif Fathurrahman, S.E., SEI.,M.Si
Description
This subject presents the concepts and definitions of decision making, the principles of decision making, particularly in relation to planning and policy making in conventional and Islamic economics. This subject focuses more on discussing the basic theory of decision-making character so that students can adjust themselves in the world of economy and business which must be careful, fast and precise. The method of ‘decision making’ is the right choice for observing developing issues and solving problems faced in carrying out economic activities, both conventional and Islamic. In particular, this course aims to provide insights to students on how to develop benefit-based Islamic financial products with the Maqasid sharia approach.
The Relationship Between Courses And Competence
Provide insight and understanding to students about conventional Islamic economic decision- making methods. With this course, students can hone skills and character in decision making in the economic sector with competences for accuracy, accuracy and speed as well as innovative thinking.
Outcome
The role of the Economic Decision Making Method course in supporting the achievement of the main competencies which is carried out through the outcomes of this course, namely students are able to make decisions that are accurate, fast and careful as well as long-term and innovative orientation.
Achievement of Hard Skills And Soft Skills Competencies Through Courses Hardskills:
1. Able to understand the definitions and basic principles of economic decision making 2. Able to understand the methods of economic decision making
3. Able to understand and apply the character of economic decision making
Softskills
1. Able to communicate well and be able to convey opinions orally or in writing 2. Having sensitivity to the actual situation and economic phenomena of society.
3. Having responsibility for what he does as an individual and what should be done as part of the small community of the Indonesian nation which must be the motor of positive change and development.
4. Living and practicing the purpose of life for common prosperity which is based on Islamic values (Ethical Skill).
5. Shows an attitude of responsibility for the learning process and tasks individually and in groups.
Instructions For Learning Teaching Materials
Each topic displays material, reading material from both articles and the web which must be read by every student. The material displayed is relevant material to add insight and knowledge about economic decision-making methods. At every opportunity, students are required to solve problem cases using the methods that have been discussed. In the presentation section students have the opportunity to access lecture dictates in ppt or pdf, videos and links etc.
Requirments
This course aims to train student character in making economic decisions. This course consists of 2 credits for theory and concepts and 1 credit for practice and 16X meetings, 1x study contract, 3x exams and 12 materials (each material will be followed by practice and practice).
This lecture will be complemented by a module prepared by the lecturer which is equipped with examples and exercises in economic decision-making methods. This subject is divided into two approaches, namely conventional and Islamic. The conventional approach focuses more on mathematical method exercises with the competence of accuracy, speed and precision.
Meanwhile, the Islamic economic approach focuses more on how students understand the basic concepts of how to develop innovative Islamic financial products with the competence to be able to understand the development of Islamic financial products that are in line with the times.
References
1. D. Suryadi HS, 1994, “Sistem Penunjang Keputusan”, Gunadarma, Jakarta.
2. Lindblom, Charles E. The Policy- Making Process. Second Edition, Englewood Cliffs.
New Yersey: Prentice-Hall Inc
3. Salusu J. Pengambilan Keputusan. Jakarta: PT Gramedia
4. Theodore Isaac Rubin, MD. 8 Strategi Keputusan yang Efektif. Damara Prize 5. Fahmi, Ilham. 2013. Manajemen Pengambilan Keputusan. Alfabeta: Bandung 6. Suharso, Puguh. 2013. Manajemen Pengambilan Keputusan. Indeks : Jakarta Course Assessment And Evaluation
The improvement indicators from the Lectures/discussions/simulations in the class are:
1. Percentage students gained A and B mark are expected more than 30%.
2. Percentage students gained D mark are expected less than 10%.
3. The rate of students presence are expected more than 75%
The assessments those uses as the learning process in this course are:
No Assessment Aspect Indicators percentage 1 Knowledge and
Understanding
1 Exam I 30
2 Exam II 10
3 Exam III 10
5 Quiz (10 Quiz) 30
2 Intellectual and Practical Skill
1 Class Discussion 10
2 Project/Term paper 5
3 Presentation 5
3 Managerial and Attitude 1 Teamwork 5
Total 100
The Criteria of Assessment
Score Grade
A>80 A
75< AB < 80 AB
65< B < 75 B
60< BC < 65 BC
50< B < 60 C
35< B < 50 D
E < 35 E
The evaluation consist of teacher assessment (toward students’ Presentation, assignment, mid- term and final exam) and students assessment (toward their lecturer through questionnaire given in the end of semester) are use for getting feed-back and monitoring the learning process of this subject.
