Aim of Program

The M.A. Program in Economics aims to equip its students from various backgrounds with the ability to understand, use, or extend research in economics. Graduates are typically placed as analysts or economists in either state or private institutions or continue with their Ph.D. studies in different parts of the world. Core theory courses Microeconomics, Macroeconomics, and Research Methods are complemented by field courses that are shared with the doctoral program.

Program Structure

The students should successfully complete 27 credits, 2 seminar courses (no credits –and in one of which the thesis topic should be presented) and a thesis should be submitted. There are 6 core courses (18 credits) and three electives (9 credits). Under normal conditions a student is able to graduate in three semesters. Under special conditions a student can ask for additional time with the advice of his/or her supervisor and the approval of the administrative board if he or she has completed course work within 4 semesters with a GPA of minimum 3.00 and has done his or her seminar on the thesis topic.

Admission Requirements:

  • Istanbul Technical University Senate’s Admission Requirements (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
  • A GPA of 2.75 (out of 4) or 71 (out of 100)
  • 2 reference letters


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

First Semester

  • IKT501 Microeconomics I
  • IKT503 Macroeconomics I
  • IKT505 Research Methods in Economics I
  • IKT589 Seminar (No credits)

Second Semester

  • IKT502E Microeconomics II
  • IKT504E Macroeconomics II
  • IKT506E Research Methods in Economics II
  • IKT588 Seminar (No credits)

Third Semester

  • IKT599 Masters Thesis
  • IKT597 Specilization Course
  • Elective
  • Elective
  • Elective

Elective Courses

  • IKT510E International Economics
  • IKT511E Game Theory
  • IKT512 Monetary Economics
  • IKT513E Macroeconomics of Employment
  • IKT514E Industrial Economics
  • IKT515 Income Distribution and Poverty
  • IKT516 Public Economics
  • IKT517 Interindustrial Economics
  • IKT518 Forecasting Methods
  • IKT519 History of Economic Thought
  • IKT521 History of Turkish Economy
  • IKT522 Panel Data and Cross Section Models
  • IKT523 Environmental Economics
  • IKT524E Current Macroeconomic Issues in the World Economy
  • IKT526 Economic Integration and European Union
  • IKT527 Economic Globalization
  • IKT528E Transport Economics
  • IKT525E Development 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