020323150 INTRODUCTION TO ISLAMIC MICROECONOMICS THEORY ( 3 Crd.Hrs )

Pre-Requisites : 020311020

This course discusses demand and consumer balance in light of Islamic rules and values. Among the most important topics that are studied in this course are: the balance of the Muslim product in the resource market and in the output market, the hypothesis of maximizing profit from a professional and Islamic point of view, the market mechanism between the positive and Islamic economy. Additionally, the course covers the topic of market structure: perfect competition and absolute monopoly in the light of legal provisions, the balance of the establishment under complete competition, the balance of the institution under monopoly, oligopoly and monopolistic competition, the theory of marginal productivity and the revenues of production factors in Islam.