Md. Abdullah Raihan, Assistant Professor,
International Islamic University Chittagong, Dhaka Campus.
Paper presented at a Follow-up Workshop on Curriculum Reform
9 November, 2008, Dhaka University
- Basic Concept of Scarcity and choice among alternatives in Islamic Economics.
- Fundamental Problems of Islamic Economics.
- Main Themes of Islamic Economics.
- Comparison between different economic systems and Islam.
- Concepts of output under Islamic Economics.
- Theory and concept of PPF under Islamic paradigm.
- Concepts of Input under Islamic Economics.
Theory of Supply:
- Supply Curve vs. Islamic Supply Curve.
- Concept of Shift in Supply under Shariah Constraint.
- Determinants of Supply under Islamic Economics.
Applications of Supply & Demand:
- Theory of Elasticity:
- Price Elasticity of Demand and its determinants under Islamic Economics.
- Price Elasticity of Supply and its determinants under Islamic Economics.
- Cross Elasticity of Demand and its applications under Islamic Economics.
- Income Elasticity of Demand and its significance under Islamic Economics.
- Choice and utility theory under Islamic Economic environment.
- Concept of Maslaha function or Islamic Consumption function.
- Assumptions of Maslaha function under Islamic Economics.
- Models of Maslaha functions by different Islamic Scholars.
- Concept of Budget constraint and Consumer surplus under Islamic Economics.
- Concepts of consumer equilibrium under Islamic Economics.
- Ultimate goal and Islamic consumer behaviour.
Theory of Production & Cost:
- Production Function under Islamic Economics.
- Importance of Short Run and Long Run production function under Islamic Economics.
- Concepts of factor of production and factor rewards under Islamic Economics.
- Some Special concepts of Cost Under Islamic Economic Environment.
- Different kinds of markets and Islamic views.
- Distinguishing features of different markets and Islamic market environment.
- Concept of Islamic Perfect Market.
- Efficiency and competitive market under Islamic Economics.
- Market imperfection and Islamic Economics.
- Monopoly, efficiency loss and price discrimination under Islamic Economics.
Research to be continued………….