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The Faculty of Economics is the oldest in
its field in Turkey. Among the academic staff of
the faculty, which was founded in 1936, there are
world famous figures such as Ord. Prof. Umberto
Ricci, Ord. Prof. I. Dobretsberger, Ord. Prof.
Wilhelm Röpke, Ord. Prof. Fritz Neumark, Ord.
Prof. Alexander Rüstow, Ord. Prof. Alfred Issac,
and Ord. Prof. Gerhard Kessler. These academics
greatly contributed in the founding of the faculty.
Education at the faculty covers an eight-term
(four year) period. Some departments require a
one year preparatory course in English. There
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are
five departments at the Faculty of Economics.
Alumni find professional opportunities in banks,
the State Treasury, the State Planning Commission,
the State Institute of Statistics, and the Central
Bank, or in the private sector, as administrators,
specialists, inspectors, or researchers, depending
on their field of interest.
The Department of Finance aims to equip
students who wish to become top administrators
with the necessary accumulation of knowledge.
In their first undergraduate years, students are
taught courses that are basic to the study of
economics, in cooperation with other departments.
In later years, the focus is on the science of
finance. Some of the courses taught in this field
are public expenditure, state debts, budget, taxation,
the financing of municipal administrations, financing
policies, and other financial systems. Our alumni
find work as bank inspectors, finance inspectors
at the Ministry of Finances, and accountants.
The Department of Economics in English has,
as its main function, the teaching of the basics
of economics. The curriculum is organized to
attentively cover the crucial areas in economics
and mathematics. As the department aims to train
its students from the cultural point of view as
well, a number of elective courses are available
that appeal to the students’ personal interests and
abilities. In addition to the high quality education
provided, students also receive an adequate knowledge
of English. This enables them to have a wider
range of choice in their professional lives, and to
compete in better conditions in the business arena.
There is a preparatory language course at the
department for students whose English is insufficient.
The Department of Economics aims to prepare
students who wish to work as top administrators
in the public and private sectors of the Turkish
economy. Education focuses on basic concepts
of economics and the economy of Turkey.
During their first year, students are taught
accountancy, law, sociology, and management as
well as the basic concepts of economics. During
their second year, they take courses such as
microeconomics, macroeconomics, statistics, and
management administration. This is followed, in
their third year, by courses on the theory and
politics of money, banking, the theory of international
economics, financial accountancy, decision techniques,
and financial analysis. In their third year, the
programme focuses on courses such as economic
development, industrial economics, economic growth,
and international money and financial administration.
The Department of Work Economics and
Industrial Relations focuses its research and
teaching activities on social issues, and especially
on the relationships between workers and employers
in social services. The department teaches basic
economics as well as issues related to human
life in social and working environments, stressing
their social, legal, and economic aspects. Some
of the subjects dealt with are industrial relations,
labour legislation, social security, social politics,
urbanization, ecological issues, worker-employer
relations, unionism, the management of collective
negotiations and human resources, wages,
employment, productivity, and the social structure
of Turkey. There is a one-year compulsory English
language preparation course at the Department.
Our alumni find the opportunity for careers as
inspectors, specialists, and top administrators in
the private sector, as well as in banks, firms,
and trade unions. They can also work as inspectors
and specialists of industrial relations in state
institutions, especially the Ministry of Employment
and Social Security.
The Department of Econometrics was the first
department of its kind in Turkey when it was
established at the Istanbul University Faculty of
Economics. Its aim is to teach the most efficient
methods for solving the economic problems of
our country.
The department offers students a series of courses
to be completed in a four-year period. The
schedules comprise such areas as macro and micro
theories, and a variety of econometric methods.
Research methods, statistics, applied econometrics
are also taught at the department. There is a oneyear
voluntary English language class.
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