All Information before Studying Economics in Turkey

With the economic development in Turkey and the excellent reputation of Turkish universities that compete with the best universities in the world, international students find Turkey a great destination to study economics and its various branches. 

Economics programs in Turkey keep pace with modern economic development and offer many rich courses and practical training. The duration of economics study is four years with an additional language preparatory year. Moreover, some Turkish universities offer the economics program with an English medium of instruction

Why Study Economics in Turkey

  • Turkish universities keep pace with the developments of economic concepts, systems, and theories worldwide and integrate academic study with professional aspects.
  • Studying economics in Turkey uplift the capabilities of students through the provided practical training in different companies, factories, and institutions and opens up vast opportunities to work in various companies. 
  • Some Turkish universities have achieved a good global ranking in teaching economics.
  • Academic teaching and professional staff in Turkish universities are highly qualified and among the best worldwide, especially in economics.
  • The costs of studying economics in Turkish universities are comparatively less compared to European and American universities and neighboring countries.
  • Turkish universities provide students with a waiver on tuition fees through full or partial scholarships. International students can also apply for these scholarships.
  • Turkish universities integrate the economics specialization with other related specializations such as business administration, giving students better job opportunities.
  • Turkish public and private universities provide students with a realistic and practical understanding and analysis of the global and Turkish economic issues and the problems of the economy in their countries.
  • The primary goal of Turkish universities through their offered programs is to provide students with the skills of systematic and independent thinking.

Read more about: Advantage and disadvantage of Studying in Turkey

Why Study Economics in Turkey

What are the Objectives of Economics?

  • The economics specialization covers both macroeconomics and microeconomics branches. Macroeconomics focus on countries and societies in general. It studies the public works related to the local economy, including interest rates, taxes, inflation, economic growth, and unemployment rates. However, microeconomics focuses on making decisions regarding business and marketing competition.
  • Economics aims to achieve economic growth and development of the countries locally and globally.
  • Economics works to achieve economic efficiency through its theories and specializations.
  • Ensuring economic growth and prosperity is a strategic issue of great interest for all countries, and Turkey is one of these countries. Therefore, Turkish private universities are continuously concerned with developing the offered economic courses.
  • Increase the awareness of the importance of understanding the various economic phenomena and using economic data and information to analysis on these phenomena to adapt to or develop them.

Required Skills of Economic Specialization Students in Turkey

  • Arithmetic skills
  • Analytical skills
  • Creative skills
  • Knowledge of mathematics and technology
  • Passion for management aspects
  • Desire for self-development
  • Communication skills
  • Passion for following the economic news and stock exchange and trade
  • Capability of handling data
  • Capability of problem-solving and critical thinking
  • Capability of preparing scientific reports and research

Required Skills of Economic Specialization Students in Turkey

Duration of Economic Study in Turkey

The study of economics in Turkey is four years. However, an additional year will be added to the total duration if the students did not manage to clear the language test and wishes to attend the language preparatory year.

Cost of Economic Study in Turkey 

The costs of studying in Turkish public universities differ from private ones. However, the costs of studying in turkey are comparatively affordable, and the annual tuition fees range from $4000 to $10000 in private universities and between $250-600 in public universities.

Courses of Economic Program in Turkey

  • Principles of Microeconomics
  • Principles of Macroeconomics
  • Principles of Statistics
  • Principles of Business Administration
  • Principles of Accounting 
  • Industrial Economy
  • Statistical Analysis
  • Public Finance
  • Economic Theories
  • International Trade
  • Research Methods in Economics
  • Mathematical Economics
  • International Finance
  • Financial Economics
  • Managerial Economics and Economic Development

Work Areas of Economics Graduates in Turkey

Economics specialization is related to other specializations, providing graduates with excellent academic education and practical training, which allow them to work in many fields and secure a proper postgraduate job. The following are some of the work areas of the economics graduates:

  • Work in stock exchange centers and companies, including insurance and finance companies
  • Work as an auditor and chartered accountant
  • Work in academic affairs and scientific and administrative research
  • Work in personnel, human resource management, and development
  • Work in public and private banks
  • Work as an economic analyst and in policy-making centers in economic fields
  • Work as an expert in companies and factories

Work Areas of Economics Graduates in Turkey

Admission Requirements to Study Economics in Turkey

  • The student should clear the Turkish YÖS exam or the American SAT for admission to public universities.
  • The student should have a General Certificate of Secondary Education (GSCE) with a minimum average of 50%. This average is required for admission to private universities.
  • Certificate of passing English or Turkish language exams
  • Private universities offer many full and partial scholarships for international students.
  • Transcripts, translated into Turkish
  • A certified copy of the passport
  • Personal photograph

Learn more about: Application Requirements to Study in Turkey

What are the Economics-Associated Specializations?

 The concepts and tools of economic analysis are increasingly used in a variety of fields, and there is a correlation between economics and other different specializations, including:

Turkish Private Universities to Study Economics

Economics Programs with an English Medium of Instruction 

Many private universities offer economics programs in English. Here are some of them:

Most Important Universities that Offer Economics Programs with Advanced Technologies 

Best Turkish Universities for Undergraduate Programs in Economics

Best Turkish Universities for Undergraduate Programs in Economics

  • Beykent University: $3,087

  • Bahçeşehir University: $7,900

  • Atilim University: $2,450

  • Özyeğin University: $8,400

  • Altinbaş University: $3,000

  • Istanbul Kültür University: $4250

Postgraduate Programs in Economics in Turkey

Postgraduate programs in economics aim to provide the researcher with creative skills and rigid knowledge of economic analysis and policies. At the same time, this program aims to leverage students' critical thinking and analysis to gain experience and confidence to publish their project outputs.

Besides, many jobs require the applicant to have postgraduate degrees, master's or PhD.

Master's Programs in Economics in Turkey

The student must have a good average in his undergraduate study (bachelor's degree).

The duration of the master's study is three years, and the students should submit a master's thesis at the end of this program. There are different master's programs offered by Turkish private universities: 

  • Master's in Urban Economic Development

  • Master's in Innovation and Entrepreneurship

  • Master's in Economics

  • Master's in Economic Analysis

  • Master's in Economics of Competitive Excellence

  • Master's in Accounting

  • Masters in Business Administration

  • Master's in Banking and Financial Sciences

  • Master's in Political Economy

  • Master's in Statistics

Read more about: Your Guide for Master's in Turkey 2023

Best Universities for Thesis Master's Programs and their Annual Tuition Fees

Best Universities for Non-Thesis Master's Programs and their Annual Tuition Fees

  • Beykent University: $2,375

  • Yeditepe University: $8,700

Ph.D. Programs in Economics in Turkey

The Ph.D. duration is 2-3 years, and the students should submit a Ph.D. thesis at the end of this program.

Best Universities for Ph.D. Programs and their Annual Tuition Fees

Yeditepe University: $14,000

Learn more about: P.h.D Study Guide in Turkey and Scholarship Details 2023

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