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UKB 518 - Modern Economic Systems and Islamic Economics

Graduate Education Institute · International Finance and Participation Banking · Master

ECTS: 7.5 T+P+L: 3+0+0 Departmental Elective
Coordinator:

Course Objective

A study of economic systems is the most comprehensive way of looking at economic life and relations. This course is expected to provide the student with such a widening of horizon after his/her undergraduate studies.Since this course is basically a comparative one it is also expected to extend  this widening of horizons beyond national oundaries and develop it into a global vision. Through a short history of economic systems, this course is also expected to widen the time horizon of the student as well.

Course Content

.This course aims to compare the contemporary economic systems, as it is expected to extend this widening of horizons beyond national oundaries and develop it into a global vision. Through a short history of economic systems, the general features and unique characteristics of economic systems will be analyzed and compared with Islamic economic system in order to reveal the similarities and differences between Islamic economic ststem and its contemporary counterparts.

Course Learning Outcomes

  1. İktisadi sistem, iktisadi model kavramlarını ve karşılaştırılmasını açıklar
  2. İktisadi sistemlerin hazırlayan düşünsel ortamın değerlendirilmesini ifade eder.
  3. İslam ekonomik sisteminin temel esaslarını ve kapitalizm ile sosyalizmden farklılıklarını öğretir
  4. Kapitalist sistemi hazırlayan düşünsel ortamın değerlendirilmesini ifade eder. Liberal kapitalizm ve müdahaleci kapitalizm arasındaki ilişkiyi tanımlar.
  5. Kapitalizmin başarı ve başarısızlıkları ile piyasa başarısızlıkları ve kamu başarısızlıklarını açıklar.Modern kapitalizm ve küreselleşme ilişkisini açıklar

Teaching Methods

ExpressionQuestion-AnswerDiscussion

Assessment & Evaluation

Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)15345
Out of Class Study Period15690
Midterm133
Quiz000
Assignment000
Practice000
Final155

Course Schedule

WeekSubjectPreparation
1Basic Economic Problems and Their Alternative SolutionsRelated Sources
2Economic System: Concept, Definition and ClasificationRelated Sources
3Characteristics of An Economic SystemRelated Sources
4Comparative Economic SystemsRelated Sources
5Economic Systems in HistoryRelated Sources
6An Overview of Contemporary Economic Systems: Each System Unique/Singular or PluralRelated Sources
7Capitalist Economic Systems in TheoryRelated Sources
8Capitalist Economic Systems in PracticeRelated Sources
9Mid TermMid Term
10Socialist Economic Systems in TheoryRelated Sources
11Socialist Economic Systems in PracticeRelated Sources
12Islamic Economic Systems in TheoryRelated Sources
13Islamic Economic Systems in PracticeRelated Sources
14Economic Modernization, Postmodernization and GlobalizationRelated Sources