Aim of Program

The Ph.D. Program in Economics aims to educate students to become world class and globally competitive academicians or practitioners. Advanced core theory courses in Microeconomics, Macroeconomics, and Econometrics are complemented by advanced versions of field courses. The departmental faculty integrates successful doctoral students into the departmental research and consulting projects in their areas of interest.

Program Structure:

The students should successfully complete 24 credits and seminar courses to graduate. The student should take 30% of the credits in English. Therefore, the student should take at least one of the elective courses in English. The student should take at least half of the credits from courses with codes higher than 600. The rest of the courses can be taken from the elective pool of the masters program. The student should pass a qualifying exam in order to write a doctoral thesis. Under normal conditions a student is able to graduate in eight semesters. Under special conditions a student can ask for additional time with the written recommendation of his/or her supervisor and the approval of the administrative board if he or she has completed coursework within 4 semesters with a GPA of minimum 3.00 and presented work in the seminar.

Admission Requirements

  • Istanbul Technical University Senate’s Admission Requirements (Please see: http://www.sis.itu.edu.tr)
  • A minimum of 80 from ALES (equally weighted) or 700 (or 155 new scale) from GRE (quantitative) or 600 from GMAT
  • If the candidate has only an undergraduate degree: A GPA of 3.50 (out of 4) or 88 (out of 100)
  • If the candidate has a masters degree: A GPA of 3.00 (out of 4) or 76 (out of 100)
  • 2 reference letters
  • Statement of Purpose


(Note: Courses that has the letter E next to its code is in English. The other courses are in Turkish.):

First Semester:

  • IKT601E Advanced Microeconomics
  • IKT603 Advanced Research Techniques
  • Elective
  • Elective

Second Semester:

  • IKT602E Advanced Macroeconomics
  • IKT604 Advanced Econometrics
  • Elective
  • Elective

List of Electives:

  • IKT510E International Economics
  • IKT511E Game Theory
  • IKT512E Monetary Economics
  • IKT513E Macroeconomics of Employment
  • IKT514E Industrial Economics
  • IKT515 Income Distribution and Poverty
  • IKT516 Public Economics
  • IKT517 Interindustry Economics
  • IKT518 Time Series Analysis
  • IKT519 History of Economic Thought
  • IKT521 Turkey’s Economic History
  • IKT522 Models for Panel and Cross Sectional Data
  • IKT523 Environmental Economics
  • IKT524E Current Macroeconomic Issues in the World Economy
  • IKT525E Development Economics
  • IKT526 Economic Integration and European Union
  • IKT528E Transport Economics



Prof. Dr. Fuat ERDAL (Anabilim Dalı Başkanı)

Prof. Dr. Bülent GÜLOĞLU
Prof. Dr. Öner GÜNÇAVDI
Prof. Dr. M. Özgür KAYALICA
Prof. Dr. Lerzan ÖZKALE
Assoc.Prof. Ahmet Atıl AŞICI
Assoc.Prof. Sencer ECER
Assoc.Prof. Derya KARAKAŞ
Assoc.Prof. Saime Suna KAYAM
Assoc.Prof. Raziye SELİM
Assoc.Prof. Tolga YÜRET

Assist.Prof. Resul AYDEMİR

Assist.Prof. Sinan ERTEMEL

Assist.Prof. Christopher HANNUM

Assist.Prof. Ayşegül KAYAOĞLU-YILMAZ