Islamic Moral Economy and Finance module (BU52027)
Interpret and solve economic problems based on Islamic values, norms, laws, and institutions.
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Credits
20
Module code
BU52027
This module will focus on three main themes including:
an overview of the foundation of Islamic economic analysis of prevailing theories
Islamic macroeconomic theories
major structural themes of Islamic economics
voluntary sector
prohibitive elements in market transactions
appraisal of the factors of production from an Islamic perspective
What you will learn
In this module, you will:
understand Islamic economics and construct a comprehensive and integrated economic system (Political Economy Understanding)
understand Islamic economic methodology through a critical appraisal of key postulates in existing literature (Methodological Approach)
By the end of this module you will be able to:
critically evaluate the implementation of Islamic finance according to Islamic Moral economy postulations and assumptions
understand the regulatory framework for legitimate economic exchange and productive organisation
understand market imperfection from the perspective of Islamic economies, the form of monopolistic practices, how information is manipulated, and the role of uncertainty
understand non-market institutions, the role they play in economic development, and securing the welfare of the stakeholder
Assignments / assessment
critical review (50%)
assignment (50%)
This module does not have a final exam.
Teaching methods / timetable
This module is delivered through a combination of lectures and guided independent study.
lectures in this module (10%)
guided independent study, including the completion of assessment tasks (90%)