Overview of an Economic System

Module 4: Economic System

Previous lessonEthics and Financial Sector Next lessonIslamic Economic System

CourseProfessional Certificate in Islamic Economics (PCIE)

Module 1: Foundation of Islamic Economics

Religion and Economics
The Western View & the Case of Islam
Worldview of Economics
Islamic worldview and its core elements.

Module 2: Scope and Methodology of Islamic Economics

Definition of Islamic Economics, scope & its Characteristics
Objectives of Islamic Economics
Methodology of Islamic Economics

Module 3: Islamic Ethics and Economics

Examples of Ethics in the Economy
Definition of Ethics & Ethics in Islamic Economics
Ethics and the Market
Ethics and Financial Sector

Module 4: Economic System

Overview of an Economic System
Islamic Economic System
Capitalism
Socialism
Economic System: Ideals and Realities

Module 5: Islamic Microeconomics

Definition of Microeconomics & its Scope
Key Differences between Conventional and Islamic Microeconomics
Key Concepts of Microeconomics from Islamic Perspectives
Rationale Choice, Demand and Supply & Elasticity

Module 6: Consumption

Islam and Consumption
Wants, Needs, and Desires
Guiding Principles on Consumption and Utilization of Wealth
Consumer Behaviour: Islamic vs Conventional Approach

Module 7: Production

Concept of Production in Islamic Economics
Purpose of Resources & Producers as Khalifah of Allah SWT
Ultimate Objectives of Production: Prosperity of the Earth
Theory of Production & Behavior of the Producer in Islamic Economics

Module 8: Distribution

Income Distribution & Marginal Productivity: Profit, Islam and Equity
Amanah, Structures of Justice & Attitude towards wealth
Wages in Islam & Distribution Model in Islam
State and Income Distribution

Module 9: Islamic Macroeconomics

Conceptual Framework of Islamic Macroeconomics
Key Concept of Macroeconomics from an Islamic Perspective
Business Cycle, Employment & Inflation
Government and Economic Policies

Back to the course

BIIF

Bangladesh Institute of Islamic Finance (BIIF) offers professional courses, research, publications, consultancy and programs on Islamic finance.

Quick Links

About
Courses
Programs
Upcoming Programs
Gallery
Downloads

Contact

125 Motijheel C/A, 2nd Floor,
Dhaka-1000
+880 1577-621744, +880 1746-568563
biif.biit@gmail.com
biifbd.org

BIIF Media

Website
Facebook
LinkedIn
YouTube

Bangladesh Institute of Islamic Finance (BIIF) is a centre of excellence in training, research, publication education and consultancy for banking, insurance and business professionals.

[edubin-social facebook-link=”https://fb.com”]

Back to top