Economics

• Why is popcorn expensive in cinemas?
• Why is it difficult to find a good used car?
• What is the most effective way to collect taxes?
• Why are some countries wealthy while others remain poor?

These are just a few of the questions that economists ask and strive to answer. Many people think that the field of economics is solely concerned with topics such as exchange rates, interest rates, and national income. Indeed, understanding economics requires knowledge about 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. A solid education in economics changes your perspective on the world and how you perceive events around you.

What is Economics?

The concepts and tools you learn in the Department of Economics not only help you understand the functioning of economies, inflation, and interest rates but also enable you to explain economic phenomena around you that you may never have noticed before. This should come as no surprise, as many events and phenomena around you are related to individuals’ efforts to use limited resources effectively for specific purposes. Put simply, economics is a social science that examines the production, consumption, and distribution relationships that people engage in to sustain their livelihoods.

A Quality Economics Education

A strong education in economics not only prepares you for good positions in banks, public institutions, or corporations but also equips those who wish to pursue an academic career with the necessary skills to better understand economic events. Today, economists occupy management positions at many economic and financial institutions that are central to economic policymaking.

 

 

Economics Education at Bahçeşehir University

At the Department of Economics within Bahçeşehir University’s Faculty of Economics and Administrative Sciences, you will receive a world-class economics education guided by an academic staff who have completed undergraduate, master's, and doctoral studies at leading universities.

The courses you take will provide you with the mathematical and statistical skills necessary for coherent analysis and quantitative research, as well as the theoretical and practical knowledge required to understand the rapid changes in financial markets, globalization, and economic crises.

The extensive range of required and elective courses offered in our department will not only prepare you to become a competent economist but also allow you to focus on your areas of interest.

Undergraduate Program in Economics

To graduate from Bahçeşehir University, students must complete 130 credits of coursework. In the first two years, students take foundational courses in economics, accounting, and statistics. All courses are mandatory during this period. In the third year, in addition to mandatory courses for specialization in economics, students begin taking elective courses. In the fourth year, students take elective courses tailored to their areas of interest and specialization. Students can choose departmental electives to gain deeper knowledge in specific subjects, as well as non-departmental and general electives that broaden their global perspectives and offer additional skills.

Mission of the Economics Department

The program aims to provide an economics education that enables individuals to understand and question global and local economic and social dynamics, ask the right questions for the welfare of individuals and society under existing conditions, and produce effective and creative solutions to economic problems.

Objectives of the Economics Department

Graduates of the BAU Economics program:

1. Apply the skills they acquired during their undergraduate education in public institutions, the private sector, academia, or NGOs (national or international) in written, verbal, and visual forms.
2. Follow local and global developments and use current techniques and continuous learning skills to contribute to the improvement of the projects they are involved in.
3. Prioritize economic efficiency along with social welfare, sustainability, and the consideration of the impacts of decisions when actively participating in public policymaking or corporate strategy development.
4. Conduct research to provide scientific contributions to the field of economics, enabling policymakers and other decision-makers to understand current economic conditions and make decisions by considering potential future developments. They share research results with the scientific community and/or relevant stakeholders.
5. Exhibit inclusive and tolerant behavioral patterns experienced during their student years in both personal and professional settings as members of a team.

Program Outcomes

1. As global citizens, they are aware of global economic, political, social, and ecological developments and trends.
2. They are equipped to follow technological advancements and maintain lifelong learning in line with global and local dynamics.
3. They internalize fundamental economic principles and analytical methods and apply them when evaluating daily events.
4. They use quantitative and statistical tools when identifying, analyzing, and sharing findings related to economic problems.
5. They understand the decision-making processes of economic units under existing constraints and incentives and examine their interactions and potential future impacts.
6. They comprehend new business practices and market structures that involve the use of digital technologies.
7. They approach economic and social problems critically and develop analytical solutions.
8. They possess the analytical skills necessary for producing solutions and conducting quantitative research.
9. They prioritize both individual and societal welfare from an ethical perspective in their contributions to projects.
10. They do not neglect interdisciplinary perspectives when seeking solutions to economic problems.
11. They generate original and innovative ideas as part of a team.

Bahçeşehir University’s Faculty of Economics and Administrative Sciences, Department of Economics, offers not only undergraduate education but also master's programs in Financial Economics and doctoral programs in Economics. The department also contributes to various master's programs within our faculty.