The present 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. In the Spring Semester of the Academic Year 2005 - 2007 the Department of Economics granted 97 undergraduate and 13 post-graduate degrees. The department has a large faculty of 27 full-time academic staff and 30 research assistants. The Department benefits from undergraduate elective courses given by several economists experienced in government organizations.
The mission statement of DoE is stated as:
“The basic mission of DoE is to create and share knowledge about economic issues. For this purpose DoE
The vision for DoE 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 DoE.
Vision: To become a centre of excellence in education of economics.
DoE carries out both undergraduate and graduate programs. The aim of the undergraduate program of DoE 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. DoE also maintains minor and double major programs.
The graduate program of DoE 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.
DoE offers three categories of courses, namely must courses which the students of DoE 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 numbers of these courses are listed in Table 2. The elective courses spans the areas of Economic History, Labor, Finance, Development, Econometrics, History of Economic Thought, Microeconomics and Macroeconomics.
Table 2: Number of Courses offered by DoE.
There are 716 students registered to the graduate and under graduate programs of DoE. 353 of these students are female while remaining 363 are male.
Vision: To be an internationally recognised and locally relevant centre of research as far as matters of economics are concerned.
Examining ECONLIT index for 1999-2003, Çokgezen (2005) exhibits that total number of publications of METU Department of Economics is 70, publication per staff is 2, 59. The ranks of METU Economics are 2 for total number and 3 for per staff in Turkey. Also, in that study, considering the SSCI, it is expressed impact score rank is 2 or 3. According to ECONLIT index for 2000-2005, total number of publications of METU Department of Economics is 70 (ECONLIT, 2005).There are 35 publications from members of METU Department of Economics in the Social Science Citation Index for 2000-2005 (SSCI, 2005).