units

MGW1232

Faculty of Business and Economics

18 September 2017 26 April 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Management
OfferedMalaysia First semester 2015 (Day)
Coordinator(s)Ms Adlina Ahmad

Synopsis

The unit introduces basic principles of business from an Islamic perspective. It provides an understanding of the importance of business and economic activities in Islam, and the ways of organising and managing such business and economic activities to satisfy broader societal and community expectations in an equitable and ethical manner. The unit encourages students to critically analyse and apply Islamic perspectives of entrepreneurial, financial, managerial, and marketing functions to satisfy the consumer and community needs of modern society. It also facilitates the understanding of the inseparable roles of science and business in satisfying consumer and community needs where joint initiatives from both sides can make significant contributions to societal well-being.

Outcomes

The learning goals associated with this unit are to:

  1. understand the basic principles of Islamic business in a modern society
  2. understand the equitable and ethical ways of organising and managing a business organisation for greater societal and community welfare
  3. critically analyse and interpret Islamic perspectives of entrepreneurial, financial, managerial, and marketing functions of an organisation in a modern society
  4. apply entrepreneurial, financial, managerial, and marketing functions in an organisation with Islamic principles and societal expectations in mind
  5. communicate effectively with the scientific, financial, consumer and broader stakeholder community to understand each other's role in a business and modern society.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Professor Pervaiz Ahmed