The Department of Economics was established as the Department of Economics and Statistics of the Faculty of Administrative Sciences (the present Faculty of Economic and Administrative Sciences) in 1959. The Department took its present name when, in 1975, the Department of Applied Statistics was stated. The department has a large faculty of 28 full-time academic staff and 22 research assistants. The Department benefits from undergraduate elective courses given by several economists experienced in government organizations.
The mission statement of Department of Economics is stated as:
“The basic mission of Department of Economics is to create and share knowledge about economic issues. For this purpose Department of Economics makes qualified research in the international level, especially about Turkish Economy
maintains undergraduate programs that will focus on educating students who will be able to work successfully in private and public sectors, understand basic economic concepts and methods, developed analytical thinking and problem solving abilities who possesses creative and free thinking.
The vision for Department of Economics can also be stated separately for education and research sub-headings.
Organizational Structure of Department of Economics can be analyzed under two sub-headings, namely Education and Research. This classification is made on the grounds of the fact that these two are the main activities of Department of Economics.
Vision: To become a centre of excellence in education of economics.
Department of Economics carries out both undergraduate and graduate programs. The aim of the undergraduate program of Department of Economics is to provide a sound theoretical basis in economic theory and… applied statistical methods. . The program consists of four years of which first three years are devoted to giving a firm background in economic theory, economic history, mathematics and statistics. while in the last two years students are supposed to take courses focusing on special topics such as Turkish economy, European integration, international economic institutions, international political economy, technology, development issues, project evaluation, agricultural economics, and environmental issues. Department of Economics also maintains minor and double major programs.
The graduate program of Department of Economics is composed of a M.Sc. and Ph.D programs. M.Sc. Program is designed to deepen the understanding of core topics in macroeconomics, microeconomics and econometrics. There are two types of M.Sc. programs, one with a requirement of thesis writing and the other with a requirement of completing 7 elective courses instead of a thesis. Students are supposed to take 4 core and 3 elective courses and either write a master thesis or to take an additional 7 elective courses according to the type of program they are enrolled in.
The Ph.D. program on the other hand aims to maintain specialization of students in one (or more) of a variety of topics spanning political economy, economic history, macroeconomics, microeconomics, international economics, monetary theory, CGE models, development economics, macroeconomic issues of developing countries, industrial economics and applied econometrics.
Department of Economics offers three categories of courses, namely must courses which the students of Department of Economics should take, elective courses among which students of DoE should take some and service courses which the students other departments takes as elective or must course. The elective courses spans the areas of Economic History, Labor, Finance, Development, Econometrics, History of Economic Thought, Microeconomics and Macroeconomics.
Vision: To be an internationally recognised and locally relevant centre of research as far as matters of economics are concerned.