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

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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)

 

Courses