CENTRE FOR FOUNDATION STUDIES
Department of Economics and Management Sciences
Department of Economics and Management Sciences
Department of Economics & Management Sciences (ENMS) is previously known as Department of Quantitative Studies (DQS). The department offers only one program which is Economics and Management Sciences Program. The program will allow the students to further their studies into various first degree programs offered at the Kulliyyah of Economics and Management Sciences (KENMS). The duration of the program is one year. DQS offer seven core courses to the Economics program students and an elective courses to other art-based programs. The department office is situated at Al-Khalil building, CFS IIUM Gambang.
There are 17 staff in the department which consists of 16 academic and 1 administrative staff. The academic staff are from various fields such as accounting, mathematics, statistics, economics and business studies. Although they are specialised in their subject field but many of the academic staff are able to teach multi-courses offered by the department. Apart from teaching, some of the staff are actively involved in the various students’ activities by becoming advisors to the academic students’ society, fellows and principal of the Mahallah.
The objective of the department is to prepare the students to enter the Kulliyyah of Economics and Management Sciences at the main campus IIUM Gombak.
Courses offered by ENMS to Economics program are as follows:
- QSA0214 Mathematics I
The course deals with the basic concept and theory of mathematical rules of the topics. The course also develops an understanding and ability of students to apply basic algebra in problem solving, logical and critical thinking. This course generally serves as a preparatory course to further mathematics courses at university level.
- QSA0224 Mathematics II
The course covers topics on mathematical functions, derivatives and anti-derivatives (integration). The course also introduces real-life applications of the topics taught. In general, this course exposes students to calculus, which has many applications in Business and Economics.
- QSA0234 Economics
The course exposes students to basic concepts of economics. The first part deals with basic concepts in microeconomics such as the basic economics problem of scarcity and choice, market operations, cost of production and firms’ behavior in competitive market. The second part of the course covers basic concepts in macroeconomics by focusing on the macroeconomics instability such as unemployment and inflation, national income accounting, national income equilibrium determination as well as the role of fiscal policy in dealing with economics instability.
- QSA0244 Statistics
The course introduces and exposes students to general ideas of statistics. The first part covers topics in descriptive statistics: types of statistics, data and data collection, methods of summarizing, describing, presenting and analyzing data. The second part covers topics in Probability: sets, counting techniques, basic probability concepts, conditional probability, independence, discrete and continuous probability distributions, expected value and variance, Binomial, Poisson and Normal distributions.
- QSA0254 Accounting I
This is an introductory accounting course for foundation students. The course covers bookkeeping, accounting concepts, and preparation of financial statements with year-end adjustments.
- QSA0264 Accounting II
The course exposes students to different types of accounts and financial statements based on the nature of the economic activities performed by different types of economic entities. The syllabus covers inventories, bank reconciliation, incomplete accounts, partnerships, and limited companies. Students will also be introduced to managerial accounting, cost-volume profit analysis and budgeting techniques.
- QSA0274 Introduction to Business
The course introduces the Economics foundation students to the nature, role, structure, function, processes and operations of a business. Some Islamic aspects of business management are discussed in this course. Students are exposed to various aspects of everyday business activities so that they will be better informed individuals either as consumers, or for future business venture in the field of their choice.
Course offered by ENMS to other art-based programs is as follows:
- QSA0294 Business Studies
The course introduces the art-based foundation students to the nature, role, structure, function, processes and operations of a business. Some Islamic aspects of business management are discussed in this course. Students are exposed to various aspects of everyday business activities so that they will be better informed individuals either as consumers or for future business venture in the field of their choice.