IEC 523 - Advanced Microeconomics

Institute of Social Sciences · Islamic Economics and Finance (English) · Master

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

Course Objective

This course, in which microeconomic theory is studied at the graduate level, aims to provide students with in-depth knowledge of major areas such as consumer theory, choice, choice, producer theory, market structures, welfare economics, general equilibrium, game theory, social choice and mechanism design.

Course Content

The content of this course includes topics related to optimization, consumer theory, producer theory, markets, general equilibrium, game theory, social choice and mechanism design.

Course Learning Outcomes

  1. To able to understand the mathematical foundations of micro economic theory
  2. To be able to follow the current literature on microeconomics
  3. To acquire the economic notions to produce genuine studies

Core Area Distribution

(34) Business and Administration%100

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period10220
Midterm000
Quiz000
Assignment17474
Practice000
Final13333

Course Schedule

WeekSubjectPreparation
1Foundations of Islamic EconomicsChapter 1
2The Islamic Guidelines for Economic BehaviourChapter 2
3Methodology and Goals of Islamic EconomicsChapter 3
4Theory of Consumption and Demand from the Islamic PerspectiveChapter 4
5Business Organization and Behaviour of the FirmChapter 5
6Market Structure in Islamic FrameworkChapter 6
7The Theory of DistributionChapter 7
8Money and InterestChapter 8
9Public Finance in Islamic FrameworkChapter 9
10Classification of Commercial Transactions and Modes of FinancingChapter 12
11Models of Islamic BankingChapter 12
12Models of Islamic Insurance (Takaful)Chapter 12
13Fiscal Policy in Islamic PerspectiveChapter 14
14Presentations
15Revision
16Final ExamFinal Exam