The Faculty of Economics and Business (FEB) Lecturer, Dr. Mustofa, M.Sc. earned his doctorate in Islamic Economics and Halal Industry Gadjah Mada University (UGM) after a graduation ceremony on  January 31, 2023. Mustofa presented his dissertation entitled "The Influence of Religiosity and Education on the Economic Behavior of Muslim Communities in Indonesia" with Prof. Dr. Catur Sugiyanto, MA (Promoter) and Akhmad Akbar Susamto, SE., M.Phil., Ph.D. (Co-Promoter) last Tuesday (10/1). This dissertation was successfully defended before the board of examiners namely, Dr. Reni Rosari, M.B.A., Evita Hanie Pangaribowo, S.E., MIDEc., Ph.D., Prof. Dr. Samsubar Saleh, M.Soc.Sc., and Prof. Rizal Yaya, SE., M.Sc., Ph.D., CA., Akt..

His dissertation had six economic behaviors: redistribution preference, tax compliance, risk behavior, work behavior, smoking behavior, and arisan participation. All of them had inconsistent behavioral preferences or irrational behavior.

Mustofa said that the economic behavior of Muslim communities is not only based on rationalism but also emotion, individual background, tradition, and belief (religiosity) which often contradicts rationality.

The Lecturer of Economics Education FEB UNY concluded that the government must pay attention to religiosity in optimizing Indonesia’s economic development. Collaboration between the government and religious leaders is needed for policy effectiveness. (mstf/fdhl/tr-lia)

As a form of scientific development in the fields of economics, business, and education, the Faculty of Economics, Universitas Negeri Yogyakarta held an international seminar on ICEBESS and ACOMC 2022 on Saturday (15/10). As reported by the Chair of the Committee, Penny Rahmawaty, M.Sc., this conference was attended by more than 700 participants from all over the world offline and online. ICEBESS and ACOMC are the main platforms for delivering new and creative research results in the fields of economics, accounting, education, and management, both theoretical and applied. This conference brings together researchers, scientists, and students in economics and business interests from around the world.

In his opening remarks, the Dean of FE UNY, Dr. Siswanto stated that FE UNY is committed to addressing issues of education as well as economy and business, which in the past two years have been heavily affected by the pandemic. In line with that, the Vice Rector for Planning and Cooperation of UNY, Prof. Dr. Siswantoyo expressed his hope that with this seminar, practitioners, lecturers, and students could exchange ideas and formulate various concepts and theories that became the basis for future research or other collaborations.

This international seminar introduced three main speakers, namely Ben-Roy Do, Ph.D. from Fu Jen Catholic University (Taiwan), Fitra Roman Cahaya, Ph.D. (University of Essex, England), and Mahendra Adhi Nugroho, Ph.D. (Universitas Negeri Yogyakarta, Indonesia). This international seminar addresses issues related to their impact on economics, management, accounting, and education. The theme of this year's seminar is “New Concepts of Education and Business: Challenges for Academics and Practitioners”, as the global economy in 2022 faces an increasing risk of changing post-pandemic environment. Therefore, ICEBESS-ACOMC continues to seek to invite academics, practitioners, and students to respond to these issues.

This ICEBESS-ACOMC international seminar is an annual event organized by the Faculty of Economics, Universitas Negeri Yogyakarta since 2014 and has invited many speakers from all over the world. This international seminar is expected to be a place to share knowledge for all researchers and can make a real contribution to scientific development, especially in the fields of economics, education, accounting, and management. This activity also involved eleven other universities as co-hosts and 120 articles were presented in parallel sessions. (lina/fdhl-ed:lia)

Cowpeas are one of the healthiest foods that contain lots of protein. But its popularity is still inferior to soybeans. This high protein content can help the wound healing process more quickly. To introduce cowpea as an alternative healthy food ingredient to the millennial generation, a group of UNY students created a healthy food innovation made from cowpea.

The UNY Entrepreneurship Student Creativity Program (PKM) team, led by D4 Marketing Management student, Jairus Asher Purdy, produces a snack called Oabean Milky. This team consists of Hilal Fahrul Hamam (D4 Electrical Engineering), Krisanti Dhiaz Ayuni (S1 English Education), Ayyasy Fathan (S1 Educational Technology), and Intan Diah Kusuma (S1 Culinary Engineering Education).

Jairus explained that cowpeas were their choice because of their high protein content similar to those of soybeans, but they were still less popular.

So far, cowpeas have only been used as one of the ingredients for making traditional foods and are less attractive to the millennial generation.

“We fulfill our protein according to the tagline #PenuhiTunggakanProteinmu (#MeetYourProteinNeed). From that protein, we focus on accelerating wound regeneration because the protein can produce tissue,” he explained.

This Oabean Milky product is an oat bar that is now one of the modern snacks and is combined with other ingredients, such as dates, oats, almonds, honey, chocolate, and raisins. This product has been sold online and offline.

"We have also registered PI-RT and NIB," he said. (fdhl-ed:lia)

Islamic banking is growing and in demand. The increasing number of transactions based on Islamic finance causes the government to also increasingly need to create various related policies. With the abundance of sharia-based transactions, the asset portfolio of Islamic banking is also increasing. On that basis, Aula Ahmad Hafidh Saiful Fikri, S.E., M.Si, a lecturer in the Department of Economics Education, researched and earned a Doctorate in Islamic Economics at the State Islamic University of Sunan Kalijaga Yogyakarta.

In this study, Aula tried to investigate how Islamic banking also plays a role in the formation of asset price inflation in common stock assets. "This study aims to analyze the interrelationship shock between monetary policy, Islamic banking asset variables, asset prices, and Indonesia's macroeconomic performance using a simultaneous structural equation," he said.

In this study, Aula examined the effectiveness of monetary policy using monthly data from 2003 to 2020. The variables used were BI 7-days (reverse) repo rate, Sharia SBI, Money Assets, Financing, Interest Rate Equivalence, Stock Price Index Composite, Indonesian Sharia Stock Index, Average Bond Return, Residential Property Price Index, Gold Price, Inflation and Industrial Production Index analyzed in the Structural Vector Autoregression (SVAR) model with restrictions.

Aula concluded that many asset portfolios were still placed in stocks, which affected the variability and volatility. If Islamic bank asset management allocation to assets still contains a price bubble, it can be interpreted that sharia principles are still not perfectly practiced. (fdhl-ed:ekki)