SYLABBUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module Philosophy of Science in Islamic Economics
2 Course Code EU5204
3 Credit Value 2 credit hours
4 Objective
1. To learn fundamental features of Islamic Economics
2. To learn comprehensive knowledge regarding the methodology associated with Islamic Economics 3. To understand Islamic economics values and
conventional value
5 Learning Outcomes
On successful completion of this module students will:
1. Understand the fundamental features of Islamic Economics
2. Have gained comprehensive knowledge regarding the methodology associated with Islamic Economics 3. Possess a clear understanding of Islamic economics values that make it totally different from the conventional counterparts
6 Synopsis
This module covers studies on the fundamental aspects of Islamic Economics, namely its philosophical foundations. Students will learn several basics issues regarding with Islamic economics as a science, such as its ontology, epistemology, and axiology. It will also be seen how Islamic Economics will fundamentally be different from ‘conventional economics’. Ultimately students will gain a unique perspective into how and why Islamic Economics is developed as an independent and separate discipline of economics.
7 References
Askari, Hossein, Et.al. 2015. Introduction to Islamic Economics: Theory and Application. Singapore: John Wiley & Sons
Addas, Waleed A.J. 2008. Methodology of Economics:
Secular Vs Islamic. Kuala Lumpur: International Islamic University Press.
Azid Toseef. 2010. Anthology of Islamic Economics:
Review of Some Basic Issues. Review of Islamic Economics. Vol 13. No 2. Jeddah: Internal Association for Islamic Economics
8 Lecturer M B Hendrie Anto, SE, M Sc.
9 Correspondence [email protected] 10 Consultation time Thursday 10.00 -12.00 a.m.
11 Academic Evaluation
Test Competency I (30%), II (35%), and III (30%) Attendance (10%)
Total 100%
COURSE OUTLINE Meeting Course Materials
1 – 2nd meeting
Introduction
Economics and Science
Is Islamic Economics a Science?
Islamic Science vs Secular Science
Current Issues in Islamic Economics Philosophy
3- 5th meeting
Science in Islamic Perspective Islam and Science
The Maqashid of Shariah Sources of Knowledge Islamic jurisprudence
Islamic Science and Islamic Jurisprudence 6th meeting Comp. Test I
7th meeting
Foundations of Islamic Economics and System Economics and Economic System
Definition and scope of Islamic Economics Nature and Significance of Islamic Economics Is Islamic Economics a separate discipline?
8-9th meeting
Methodology of Islamic Economics Worldview, methodology, and rationality Methodology of Science in Secular Perspective Islamic Worldview
Toward a Methodology of Islamic Economics Rationality in Islamic Economics
10th meeting Comp.Test II 11th meeting
Fundamentals of Islamic Economics Scarcity and Unlimited Want
Sufficiency and Limited Need Selfishness and altruism Utility and Maslahah
12th meeting Axioms of Islamic Economics
Values and Economics Axiom of walayahh Axiom of karamah Axiom of meethaq Axiom of khilafa 13th meeting Comp. Test III RULES OF CLASS MEETING:
1. A class will be managed by class leader, consists of a class leader and its deputy. They are selected democratically according to class members’ agreement. The class leaders will get additional appreciation in terms of marks for respectively 10% and 7.5% out of
normal marking arrangement above. Practically, they are responsible for several tasks:
a. Ensuring class attendance and venue b. Ensuring class assignment timely collected
c. Intermediating communicating between lecturer and students d. Assisting other related tasks concerning class if deemed necessary
2. Students are allowed to join class for tolerated maximum 15 minutes for late attendance, otherwise are forbidden entering class
3. Students who are absence due to getting sick and organizational activities must inform the lecturer and class leader 2 hours prior the class starts. A formal permission letter is
needed.
4. Late assignment submission will not be entertained and accepted
5. Students who were absence for three consecutive weeks or accumulate has 3 unclear absence, are not allowed to join class for the entire semester.
6. Test examination and assignment results will be openly announced
7. Students who got D and E on his final marks, must repeat the course on the next academic year
8. Cheating and any dishonest conduct will lead to dismissal 9. Grading System
Grading and Weight Interval (%)
A A≥80
AB 75≤AB<80
B 65≤B<75
BC 60≤BC<65
C 50≤C<60
D 35≤D<50
E <35
