Master of Economics

Master of Economics


1. Program/MQR No.

Bachelor of Economics (Honours)
MQR No 10247


Brief introduction

The B.Econ program is designed to impart knowledge and develop the skills required to produce ethical professionals in the fast-growing field of Economics.  The program promotes critical and analytical thinking, decision making and problem-solving skills through teaching and learning. The methods of teaching and learning include the use of modern technology, case studies, industrial visits, professional/guest lecturers and practical training. Islamic economics and finance are niche areas.   The program offers specializations in Islamic Economics, International Economics, Development and Finance in addition to minor packages in Fiqh and Usul Fiqh, and Quran and Sunnah Studies.  The faculties are highly qualified and experienced staff of diverse backgrounds and specializations.


Program Outcome

At the end of the program, B.Econ graduates will be able to:

1. Knowledge: Demonstrate familiarity with established concepts and practices in the field of economics and awareness of current development therein.
2. Practical Skills: Use relevant skills learnt in Department of Economics for professional and personal development.
3. Social skills and Responsibilities: Cooperate with others and apply knowledge in a socially responsible manner for the progress of the nation and the Ummah.
4. Value, Attitudes and Professionalism: Demonstrate commitment to ethics, autonomy, professionalism and Islamic values in the workplace and everyday life.
5. Communication: Communicate with people of diverse range of backgrounds with empathy.
6. Problem Solving and Scientific Skills: Analyze issues and demonstrate skillfulness in planning, executing and evaluating strategies and action plans
7. Information Management and Lifelong Learning Skills: Use the necessary learning skills in information management and apply effective strategies for lifelong self-improvement.
8. Managerial and Entrepreneurial Skills: Apply basic managerial and entrepreneurial skills in relevant fields
9. Leadership and Team Skills: Understand the different type of leadership styles and the demonstration of interpersonal skills when leading in a group situation
10. Integration: Integrate Islamic principles in workplace.


Career Opportunities

B.Econ prepares you to work in:   Ministries and Government Agencies Financial Institutions (e.g., Central Banks, Conventional Commercial Banks, Islamic Commercial Banks, Merchant Banks, Investment Banks, Insurance and Takaful, Capital Markets, Asset Management, Securities Commission, and the Securities Industry) Zakat and Wakaf Agencies Consultancy Firms Universities International Agencies (e.g., World Bank, Asian Development Bank, UNESCO, UN) Corporations and Non-Governmental Organisations (NGOs) Private sectors The jobs listed above are not exhaustive; remember that many employers accept applications from good graduates with any degree subject.


Program Structure

In your first year of study you will register for common University required and Kulliyyah required courses. These courses are designed to develop your worldview of the University’s philosophy and mission, the Kulliyyahs objectives, and your foundational skills for economics.  The courses you will study at this stage relate to Islamic worldview, co-curricular activities, soft skills and principle courses in economics, finance, management, accounting and information technology. At the conclusion of your first year, you will be ready to enter the department after having passed two principle economic courses; micro and macro.

From the second year onwards, you will progressively take intermediate and advanced courses leading to your specialization in year four. These courses will develop your in-depth understanding of the knowledge, techniques, tools and resources appropriate for economics and the related areas.

The total credit hours for Bachelor of economics are 130. Students have a maximum of four years to complete this course.

The curriculum structure includes the following courses:

University Required Courses (22 Credit Hours)

CC 2000 Leadership Package

UNGS 2011 Creative Thinking and Problem Solving

UNGS 2080 Ethics and Fiqh for Contemporary Issues

UNGS 2090 The Islamic Worldview, Knowledge and Civilization

CC 3000 Skills Package

LE 4000 English for Academic Writing

Kulliyyah Required Courses (36 Credit Hours)

ECON 1140 Statistical Method

ECON 1150 Business Math

ECON 1510 Principles of Micro Economics

ECON 1610 Principles of Macro Economics

ECON 1710 Foundations of Islamic Economics

ECON 3510 Fiqh for Economist I

ECON 3510 Fiqh for Economist II

ACC 1511 Management Accounting Fundamentals

ISF 1101 Foundations of Islamic Finance

Department Required Courses (36 Credit Hours)

ECON 2110 Intermediate Micro Economics I

ECON 2111 Intermediate Micro Economics II

ECON 2310 Intermediate Macro Economics I

ECON 2311 Intermediate Macro Economics II

ECON 3010 Malaysian Economy

ECON 3430 Islamic Banking & Finance

Electives (36 Credit Hours)

ECON 3230 Economic Development

ECON 4130 Forecasting for Economics & Business

ECON 4280 Environmental Economics

FIN 4710 International Finance

ECON 4740 International Trade and Development

ECON 4780 ASEAN Economics


Industrial training (optional) [0 Credit Hours]






Duration of Study

The course takes four years of full-time study to complete.


Student Affair

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