ISLAMIC MACROECONOMICS

KJ6020248
A. Criteria for participation:
This course has a requirement of the previous course, Islamic macroeconomics, because
it requires knowledge of consumption, demand, and supply. However, what is discussed
in macroeconomics is global.
B. Objectives:
- Islamic macroeconomics is a course that teaches and provides an overview of Islamic
economics in terms of macroeconomic aspects.
- This course begins with an introduction to the basics of Islamic macroeconomics.
Students learn about the uses of economics, macroeconomic objectives, problems in
the economy, principles, scope, and issues of Islamic macroeconomics.
- This course also includes material on national income, consumption functions and
consumption behavior, money in an Islamic perspective, economic balance, fiscal
and monetary policy in Islamic economics, economic growth, unemployment and
inflation in Islamic economics.
- After taking this course, students will be able to analyze economic phenomena by
integrating the values and basic principles of Islamic economics through an Islamic
economic and financial methodology approach. During lectures, not only face-to-
face, students use University of Siliwangi’s V-Class as a learning medium. Students
also develop problem-solving skills through the task of listening to a video of a case
to give a response and find a solution.
- Based on the learning outcomes of the programme, students are able to apply logical,
critical, systematic, and innovative thinking based on the rules of scientific
procedures and ethics and are able to make appropriate decisions in the context of
developing or implementing science and technology that pay attention to and apply
humanities values in accordance with their field of expertise (PLO 2). Able to master
factual knowledge about Islamic economic and financial policies and regulations by
utilizing technology (PLO 6). Able to assess the feasibility of Islamic business by
applying the principles of operational management, financial management, marketing
management, human resource management, and strategic management in the
management of Islamic business in accordance with business planning and/or
company policies (PLO 9).

C. Ways of Studying:
- Students are expected to play an active role during lectures. Before entering the class
to discuss the topic presented at each meeting, they will be given an assignment to
read and summarize using handwriting, with the aim that learning will be more
active. Evidence of the summary is collected in the form of a soft file and uploaded
through the link provided by the lecturer with a time limit.
- The learning model used is Case Method. In one class, 10 discussion groups are
formed, and each group presents it in front of the class, then there is a discussion
session which is expected to be morelively because the audience has read in advance
the material that will be presented through the resume task.
D. Assessment:
 The assessments used include observation/activity in class, attitude, written tests
Midterm Examination (UTS) and Final Semester Examination (UAS), presentation of
group-based assignments.

E. Reading:
This is a general reading list. More detailed lists for individual components will follow later
1. Muhamad, Islamic Macroeconomics: An Introduction, Yogyakarta: UPP STIM
YKPN, 2020
2. Nurul Huda, et. al. Islamic Macroeconomics: A Theoretical Approach, Depok:
Prenadamedia Group, 2018
3. Erni Umi Hasanah, Danang Sunyoto, An Introduction to Macroeconomics,
Yogyakarta, CAPS, 2018
4. Adiwarman A. Karim, Islamic Economics A Study of Macroeconomics, Rajawali
Pers, 2017
5. Vinna Sri Yuniarti, Islamic Macroeconomics, Bandung: Pustaka Setia, 2016
6. Asfia Murni, Macroeconomics: Revised Edition, Bandung: Limited liability
company (PT). Refika Aditama, 2016
7. Iskandar Putong, ECONOMICS: Introduction to Micro and Macro, Jakarta: Mitra
Wacana Media
8. Sadono Sakirno, Macroeconomics: An Introductory Theory Third Edition, Jakarta,
Limited liability company (PT). RajaGrafindo Persada
9. Prathama Rahardja, Mandala Manurung, Introduction to Economics
(Microeconomics and Macroeconomics), Jakarta: Faculty of Economics, University
of Indonesia.

F. Time:
16 weekly meetings @ 100 minutes
3,2 ECTS