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EIG3003          BEHAVIORAL FINANCE
            3 Credits

            Pre-requisite    Passed EIA1008 Microeconomics I

            Learning         At the end of the course, students are able to:
            Outcomes
                             1.  Demonstrate understanding of the different behavioral biases.
                             2.  Analyze the effect of the behavioral biases on investor’s decision.
                             3.  Examine the extent to which irrationality can affect financial markets at aggregate
                                 level.

            Synopsis         The  course  focuses  on  micro-behavioral  finance  which  analyzes  individual  investor’s
                             financial  decision  and  how  the  decisions  might  be  deviated  from  those  predicted  by
                             traditional financial or economic teory. It introduces the students to three main source of
                             biases in financial decisions namely belief perseverance biases, information processing
                             biases and emotional biases and examine the impacts of these biases in financial markets
                             and other financial settings.

            Medium of        English
            Instruction

            Assessment       Continuous Assessment   : 60%
            Weightage        Final Examination             : 40%




            EIG3004          ISLAMIC BANKING AND FINANCE
            3 Credits

            Pre-requisite    None

            Learning         At the end of the course, students are able to:
            Outcomes
                             1.  Demonstrate understanding on the philosophy, underlying concepts and principles of
                                 Islamic banking and finance.
                             2.  Differentiate  between  the  Islamic  financial  system  and  the  conventional  financial
                                 system from the socio-economic and legal perspectives.
                             3.  Analyze issues pertaining to the development of Islamic banking and finance in theory
                                 and practice.

            Synopsis         The  course  starts  with  an  introduction  to  the  philosophy,  underlying  concepts  and
                             principles of Islamic banking and finance followed by an overview of the development of
                             Islamic banking and finance in theory and practice. Topics include unlawful contracts in
                             Islam,  prohibition  of  interest,  lawful  contracts  based  on  profit,  legal  issues  in  Islamic
                             banking  products,  conflict  of  court’s  jurisdiction,  takaful,  Islamic  stock  market  and
                             derivatives (sukuk).

            Medium of        English
            Instruction

            Assessment       Continuous Assessment   : 50%
            Weightage        Final Examination             : 50%
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