Community Economics Course

Level 1 – Beginners

·         Week 1: What is the purpose of an Economic System?  

·         Week 2: The Private Market and the parable of the Shipwrecked Islanders.

·         Week 3:  Factors of Production.

·         Week 4 : Value, Exchange and Role of Money.

Capitalist system

·         Week 5: What is the Fundamental Economic Problem to Solve?

·         Week 6: The role of the State in the Economy.

·         Week 7 : The role of the Central Bank in the Economy.

·         Week 8 : How the State and Central Bank manage the economy.

·         Week 9 : Good and Bad Wealth Inequality.

Islamic system

·         Week 10: What is the Fundamental Problem to Solve?

·         Week 11 : Role of the State in the Economy.

·         Week 12 : Regulation of the Market in Islam.

Level 2 – Intermediate

Capitalist System Cont...

·         Week 1 : Monetary History since WW1.

·         Week 2 : Economic Management via Fiscal and Monetary Policy.

·         Week 3 : Micro and Macro Economics.

·         Week 4:  The role of Interest.

·         Week 5:  The Great Depression and the rise of Keynesian Economics.

·         Week 6 : Inflation and Unemployment & Fall of Keynesian Economics.

·         Week 7 : Rise of Monetarism and growth of Neo-Liberalism.

Islamic System Cont....

·         Week 8 : Private, Public and State Property.

·         Week 9 : Gold Backed Money in the Islamic System.

·         Week 10 : Islamic Company Structures.

·         Week 11 : Taxation Policy.

·         Week 12: Is the Islamic System socialist?

Level 3 – Advanced

·         Week 1 : Islamic Rules which ensure wealth distribution.

·         Week 2 : Debt finance vs. Equity Financing.

·         Week 3:  Financial Industry and Islamic Perspectives.

·         Week 5 : Business Cycles – Causes and how Islam Avoids Systemic Causes.

·         Week 6 : Market Failure – How Islam is less prone to Ineffective Market Functioning.

·         Week 7 : Role and Effectiveness of Regulation within the Islamic Economy.

·         Week 8 : 2008 Financial Crisis Analysis – Causes and Cures.

·         Week 9 : Foreign Trade – Analysis of Globalization.

·         Week 10: Rise of Tiger Economics – Contrasting Development to Washington Consensus.

·         Week 11 : Analysis of Financial News presenting the Islamic Solutions.

·         Week 12: Muslim Lands & Economic Policies.