IEC 518 - Modern Economic Systems and Islamic Economics

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.

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.

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Cohen, Solomon I. 2015. World Development and Economic Systems: Theory and Applications. Singapore: World Scientific Publications.

Çizakça, Murat. 2011. Islamic Capitalism and Finance: Origins, Evolution and the Future. Cheltenhem and Northhamton: Edward Elgar.

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Gregory, Paul R. And Robert C. Stuart. 2014. The Global Economy and Its Economic Systems. Mason: South-Western, Cengage Learning.

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Marangos, John. 2013. Consistancy and Viability of Capitalist Economic Systems. New York: Palgrave Macmillan.

Marangos, John. 2013. Consistancy and Viability of Islamic Economic Systems and The Transition Process. New York: Palgrave Macmillan.

Marangos, John. 2013. Consistancy and Viability of Socialist Economic Systems. New York: Palgrave Macmillan.

Orman, Sabri. 2019. İslamî İktisat, Değerler ve Modernleşme Üzerine. 2.B. İstanbul: İnsan Yayınları. (Chapter One)

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Siddiqi, Muhammad Najatullah, Abdelhamid Brahimi and Khurshid Ahmad, Encyclopaedia of Islamic Economics: Islamic Economic System. Vol.II. London: Encyclopaedia of Islamic Economics, 2009, pp. 333-459. (Chapter 1.6. History of Economic Thought in Islam).

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