Master of Economics

The Department of Economics offers the master of Economics to provide graduate studies in Economics which combines both conventional and Islamic aspects: to produce experts who are competent in both conventional and Islamic Economics; to encourage further research in Islamic Economics and Policies in line with the fast changing economic environment. The Department's strength is in the areas of Islamic Economics, International Economics, Monetary Economics, Macroeconomics and Development Economics.

Programme Description

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Programme Options

The Master of Economics programme provides three (3) options for students to choose. These are:


Hours to complete


Option 1


24 credit hours of coursework + 18 credit hours thesis

Option 2


33 credit hours of coursework + 9 credit hours research Paper

Option 3


39 credit hours of coursework + 3 credit hours of Applied Research Methods

A student who opts for option 1 or option 2 must submit a thesis or research paper proposal to the Department's postgraduate coordinator and his/her potential supervisor. Once it is approved, the student can proceed with the research writing. A supervisor and a co-supervisor (if necessary), will be appointed for the student.

For option 3, the student must register for ECON 6999: Applied Research Methods, normally in the final semester of the student's studies. To enrol in the course, an outline of the research plan needs to be submitted to the Department's postgraduate coordinator two weeks before the semester begins for approval.


Students may enrol on a full-time or part-time basis. Full-time students must enrol for a minimum of 9-12 credit hours per semester. Part-time students may register for 6 credit hours each semester.
The duration of studies for both full-time and part-time students is as follows:





Part time

2 academic years

4 academic years

5 academic years

Full time

1 1/2 academic years

2 academic years

3 academic years


Entry Requirements

Programme Structure


Core Courses

Course Code

Course Name

ECON 6070


ECON 6110


ECON 6210


ECON 6610

Islamic Economics Thought

Specialisation Courses

Trade & Development

Course Code

Course Name

ECON 6370

Economic Development & Policy

ECON 6740

International Trade: Theory  & Policy

FIN 6263

International Finance

ECON 6999

Applied Research Method

Industrial Economics

Course Code

Course Name

ECON 6430

Environmental Studies

ECON 6330

Industrial Organisation

ECON 6380

Labour Economics

ECON 6999

Applied Research Method


Course Code

Course Name

FIN 6130

Managerial Finance

FIN 6850

Corporate Finance

FIN 6380

Financial Derivatives

FIN 6610

Money, Banking & Capital Markets

Financial Economics

Course Code

Course Name

FIN 6610

Money, Banking & Capital Markets

FIN 6263

International Finance

ECON 6810

Financial Economics

ECON 6999

Applied Research Method

Islamic Economics & Finance

Course Code

Course Name

ECON 6816

Islamic Banking System  & Operations

ECON 6862

Islamic Capital Markets

ECON 6864

Islamic Economics & Finance Issues Form Shariah Perspective

ECON 6616

Shariah Oriented Public Policy/ Al Siasah Al Shariah

FIN 6650

Regulatory Framework of Islamic Financial Contracts
ECON 6999 Applied Research Method



A relevant Bachelor's degree with good grades (CGPA ≥ 3.0) from an accredited instituion of higher learning or any other certificates recognized to be equivalent to a Bachelor's degree and with relevant professional experience.


In addition to the Kulliyyah requirements, an applicant must produce satisfactory proof of proficiency of English Language by :

The Test of English as Foreign Language (TOEFL) with a minimum score of 550 or
The International English Language Testing Services (IELTS) with a score of 6.0 or
The IIUM-administered English Placement Test (EPT) with a minimum score 6.0.
* All information is correct at the time of publication. All requirements are subject to amendment by the Management of International Islamic University Malaysia.