Economics

• Why is popcorn expensive in movie theaters?
• Why is it difficult to buy a good used car?
• What is the most efficient way to collect taxes?
• Why are some countries wealthy while others are poor?

 

The Department of Economics within the Faculty of Economics and Administrative Sciences at Bahçeşehir University offers, in addition to the undergraduate program in Economics, a Master’s program in Financial Economics and a PhD program in Economics. The Department also contributes to various graduate programs within the Faculty.

Click here for the BAU Economics YÖK Atlas (50% Scholarship)

Economics Ranking and Minimum Scores

Click here for the most recent departmental rankings, minimum scores, and quotas.

 

Program Learning Outcomes

As a global citizen, demonstrates awareness of global economic, political, social, and ecological developments and trends. Possesses the competencies to follow technological advancements required by global and local dynamics and to sustain continuous learning. Internalizes fundamental economic principles and analytical methods and applies them in evaluating everyday events. Uses quantitative and statistical tools when identifying and analyzing economic problems and when communicating findings to relevant stakeholders. Understands the decision-making processes of economic agents under existing constraints and incentives, and examines the interactions and potential future impacts of these decisions. Comprehends new business models and emerging market structures shaped by digital technologies. Approaches economic and social problems with a critical perspective and develops analytical solutions. Possesses the analytical foundation required to generate solutions and apply quantitative research methods. Considers both individual and societal welfare from an ethical perspective in the work to which they contribute. Utilizes interdisciplinary approaches when seeking solutions to economic problems. Produces original and innovative ideas while contributing to teamwork as a member of a team.

These are just a few of the questions that economists ask and seek to answer. Many people believe that the field of economics deals only with topics such as exchange rates, interest rates, and national income. Indeed, to understand economics, it is necessary to have knowledge of exchange rates, the causes of inflation, the effects of interest rates, and the determinants of national income. However, an education in economics encompasses much more than this. A strong education in economics changes your perspective on the world and the way you interpret events around you.

What is Economics?

The concepts and tools you learn in the Department of Economics will enable you to understand how economies function, as well as inflation, interest rates, and related topics, while also helping you explain economic phenomena around you that you may not have previously noticed. This is not surprising, as many of the events and phenomena around you are related to individuals attempting to use their limited resources effectively for specific purposes. More clearly stated, economics is a social science that examines the entirety of production, consumption, and distribution relationships that individuals engage in to sustain their existence.

A Strong Education in Economics…

A strong education in economics can prepare you for positions in banks, public institutions, or corporations, and also provides the necessary foundation for those who wish to pursue an academic career to better understand economic phenomena. Today, economists hold positions at many levels of management in economic and financial institutions that are central to economic policymaking.

Economics Education at Bahçeşehir

At the Department of Economics within the Faculty of Economics and Administrative Sciences at Bahçeşehir University, you will receive a world-class education in economics under the guidance of our academic staff, who have completed their undergraduate, graduate, and doctoral studies at leading universities in their fields.

The courses you take will equip you with the mathematical and statistical skills required for consistent analysis and quantitative research, and will provide the theoretical and practical knowledge necessary to understand rapid changes in financial markets, our globalizing world, and economic crises.

The wide range of compulsory and elective courses offered in our department will prepare you to become a well-qualified economist while also allowing you to focus on your areas of interest.

Undergraduate Program in Economics

In order to graduate from Bahçeşehir University, students are required to complete a total of 130 credits. During the first two years, students take foundational courses such as economics, accounting, and statistics. All courses in the first two years are compulsory. In the third year, in addition to the compulsory courses in which they specialize in economics, students begin to take elective courses. The fourth year consists of elective courses aligned with students’ interests and areas of specialization. Students select from departmental electives on specific topics they wish to explore in greater depth, as well as non-departmental and general electives that enhance global perspectives and provide additional knowledge and skills.

Mission of the Department of Economics

The program aims to provide an economics education that develops individuals who are capable of understanding and questioning global and local economic and social dynamics, asking the right questions for individual and societal well-being under existing conditions, and are motivated to produce effective and creative solutions to economic problems.

Objectives of the Department of Economics

Graduates of the BAU Department of Economics:

Apply the skills acquired during their undergraduate education in public institutions, the private sector, academia, or NGOs (national and international) through written, oral, and visual communication. Monitor local and global developments to improve the work they contribute to, and utilize up-to-date techniques and lifelong learning skills. When actively involved in public policymaking processes or in determining firm strategies, consider economic efficiency along with social benefit, social welfare, environmental impact, and the sustainability of decisions and their outcomes. Conduct research to contribute scientifically to the field of economics, enabling policymakers and other decision-makers to understand current economic conditions and make informed decisions by considering possible future developments. They share research findings with the academic community and/or relevant stakeholders. Demonstrate inclusive and respectful behaviors developed throughout their education, and work harmoniously as members of a team in both personal and professional contexts.