Master of Economics

The Department of Economics offers the Master of Economics to provide graduate studies in Economics which combines both conventional and Islamic aspects; to produce experts who are competent in both conventional and Islamic Economics; to encourage further research in Islamic Economics and Policies in line with the fast changing economic environment.

The department’s greatest strength is in the areas of Islamic Economics and Finance, International Economics, Monetary Economics, Macroeconomics and Development Economics.

The Kulliyyah of Economics and Management Sciences seeks to prepare students with the necessary knowledge and Islamic values to face the increasingly challenging world.  It offers students the unique opportunity of integrating conventional knowledge with Islamic knowledge in all fields of studies. Established in 1983, the Kulliyyah is now well recognised, having faculty members of eminence in various specialisations.  It is also equipped with the state-of-the-art facilities to promote teaching and learning.

English is the medium of instruction for all programmes offered by the Kulliyyah. Currently, there are four departments offering various programmes, namely the Department of Economics, the Department of Business Administration, the Department of Accounting, and the Department of Finance.

Student who opts for option 1 or option 2 must submit a dissertation/research paper proposal to the Department postgraduate coordinator and their potential supervisor. The Department will arrange for a dissertation/research paper proposal defense for students choosing option 1. Upon approval, students choosing either option 1 or option 2 may proceed with the dissertation/research writing. A supervisor and a co-supervisor (if necessary), will be appointed for the student. For option 3, the student must register for ECON 6999 Applied Research Methods, normally in the final semester. To enrol in the course, an outline of the research plan needs to be submitted to the potential supervisor two weeks before the semester begins, for approval.

Pre-requisite courses - Apart from the required courses, students may need to enroll for pre-requisite courses depending on their qualifications. 

Areas of specialisation

• Trade and Development
• Industrial Economics
• Finance
• Financial Economics
• Islamic Economics and Finance

Programme structure

• The Master of Economics programme comprises 42 credits hours.

Course Code Course Name

• ECON 7301 Econometrics
• ECON 7302 Microeconomics
• ECON 7303 Macroeconomics
• ECON 7304 Islamic Economics Thought

Elective Courses By Specialisation
Trade And Development

Course Code Course Name

• ECON 7305 Economic Development And Policy
• ECON 7309 International Trade: Theory And Policy
• FINC 7312 International Finance
• ECON 7314  Multilateral Issues and Regional Integration in Asia Pacific
• ECON 7991 Applied Research Methods

Industrial economics
Course Code Course Name

• ECON 7306 Environmental Studies
• ECON 7308 Industrial Organisation
• ECON 7313 Labour Economics
• ECON 7316 Urban Economics
• ECON 7991 Applied Research Methods

Finance
Course Code Course Name

• FINC 7311 Managerial Finance
• FINC 7304 Corporate Finance
• FINC 7313 Financial Derivatives
• FINC 7332 Money, Banking and Capital Markets
• ECON 7991 Applied Research Methods

Financial economics
Course Code Course Name

• FINC 7332 Money, Banking and Capital Markets.
• ECON 7307 Financial Economics
• FINC 7312 International Finance
• ECON 7991 Applied Research Methods

Islamic economics and finance
Course Code Course Name

• ECON 7317 Islamic Banking System and Operations
• ECON 7311 Islamic Capital Market
• ECON 7312 Islamic Economics and Finance Issues from Syari’ah Perspective
• ECON 7315 Al- Siasah Al- Shari’ah / Shariah Oriented Public Policy
• ECON 7991 Applied Research Methods