Student Centered Education/Bologna Process

Student Centered Education/Bologna Process

About the Program

Işık University – Applied Economics MA Program is a 12-course program (Courses are held at Maslak Campus, center of business district in Istanbul). The aim of the program is to equip the students with the ability of economic reasoning and analysis necessary for the decision makers and participants of key players in major industries. Curriculum is based on the application areas of economic theory and quantitative techniques. The number and variety of the elective courses offered in the program provides students with the expertise in various fields of applied economics. The students are expected to use economic theory, principles and methods together with data analysis to model major industrial trends in structure, conduct and performance throuhout the program. Development of academic presentation skills and project-based work skills throughout a diverse set of elective courses are among the opportunities offered at this program.

Işık University – Applied Economics MA Program is designed for students who wish to work as a chief economist, financial analyst, researcher, or consultant in private or public industrial firms and who may wish to pursue an academic career in a Ph.D. program later on. MA in Applied Economics Program will provide the students with the necessary toolbox as quantitative and methodological skills. Students who have a BA/BS degree in any discipline qualify to apply to the program.

Applied Economics is an increasingly popular sub-discipline in economics attractive for those who are interested in analyzing and interpreting some set of economic data and use that knowledge as it affects firms and other immediate stakeholders in various industries such as healthcare, environment, communications, energy, transportation and finance, and many others. The goal of MA in Applied Economics Program is to bring economic theory, quantitative techniques and instances of everyday life together. Contrary to a traditional masters program in economics, MA in Applied Economics Program at Işık University aims to give students application–oriented skills. Therefore, the program targets to fill the vacuum needed by corporations for skilled corporate economists who can explain, interpret and predict the process that generated some experimental data. This program is also suitable for students who would want to pursue a doctoral degree in Economics or in other related fields.

f you are planning a career as a corporate economist, analyst, planner, policy maker or consultant in private or public sector, Işık University Applied Economics Masters Program offers you an excellent opportunity to pursue your professional goals.

Language of the program is English.

Degrees Awarded

Students who successfully complete the program are awarded M.A. (Master of Arts) Degree in Applied Economics.

Level of the Program

Işık University Applied Economics M.A. Program is a graduate level program.

Admissions to the Program

Candidates who apply to the program must have a Bachelor's (BS, BA) or a Master's (MS, MA) degree. Candidates must have a score of 55 or higher from ALES given by ÖSYM; or have a score of 450 or higher from Graduate Management Admissions Test (GMAT); or have a score of 610 or higher from Graduate Record Examinations (GRE) and document the results. (Exam results are valid for five years.) In addition, candidates must document proficiency in English. Candidates must have a score of 65 or higher from YDS given by ÖSYM; or have a score of 78 or higher from Test of English as a Foreign Language (TOEFL). If candidates fail to documentthe result from these exams, they will be given an English proficiency test by Işık University. Passing score is decided by University Senate.

In addition, candidates must provide their transcript/s from their previous education levels. Additionally, students applying from another institutions than Işık University must provide two reference letters.

Students admitted to the program will be decided upon sorting the candidates complying with the requirements according to the quota of the program.

Recognition of Prior Learning
Thesis Program

At most four of the graduate level courses taken by the student prior to admission to the program in any higher educatioın institution may be counted toward the course load of the program on the condition that the classes are not used for obtaining any other degree.

Non-Thesis Program

The graduate level courses taken by the student prior to admission to the program in any higher educatioın institution may be counted toward the course load of the program on the condition that the classes are not used for obtaining any other degree.

The courses to be counted toward the course load may not exceed half of the ECTS load of the program.

Rules and Requirements for Obtaining a Degree
Thesis Program

In order to obtain a degree, students must complete all classes with a grade CC or higher, have a cumulative GPA of 2.50/4.00 at least, must defend a thesis successfully, must turn three copies of thesis in to institute by no more than one month after thesis defense, and the thesis must be accepted by the Senate in terms of formation.

Non-Thesis Program

Students who complete all classes with a grade CC or higher, have a cumulative GPA of 2.50/4.00 or higher, and complete their term project successfully obtains the degree.

Program Objectives
  1. Graduates have acquired the necessary toolbox to pursue a career in both private sector (banking, finance, insurance etc.) and Ph. D. level studies in the field of economics.
  2. Graduates have comprehended the basic principles of economics, have gained the ability to learn and perform various approaches of the field.
  3. Graduates are open to teamwork, innovation and change, are able to demonstrate verbal and written communicative skills.
  4. Graduates recognize professional and ethical responsibilities; are able to adjust their knowledge and skills according to changes in global economy.

Program Outcomes
  1. Students have learned basic notions of economics, are able to think on fundamental economic problems, avoid frequent mistakes caused by not knowing economics as an employee, employer, consumer or citizen,
  2. comprehend the trends in growth, inflation, unemployment, interest rates, parity, foreign investment and foreign trade in Turkish economy,
  3. accept that there are various competing schools of thought in the discipline of economics, understand that there can be different views on, for example, the role of government in the economy,
  4. apprehend the relationships in global economy, and the role of international organizations, conduct cost and benefit analysis of interdependency between countries,
  5. comprehend professional and ethical responsibilities, significance of work safety,
  6. employ statistics, basic mathematics and various theories in data analysis, have comprehended and think the issues from the perspective of humanities and social sciences (sociology, environmental sciences, political sciences, finance, world history, philosophy, etc.),
  7. open to world cultures, respectful of different beliefs, opinions, and life styles, question existing body of information through scientific practice and reasoning,
  8. describe changes in market equilibrium using models, interpret these using abstraction, analysis and synthesis methods,
  9. are able to function in teams composed of members from various disciplines, take the initiative, lead,
  10. can effectively communicate using written, verbal, and visual techniques,
  11. understand the importance of life-long learning and participate this learning process both as a student and an educator,
  12. have necessary skills to prepare reports that evaluate economy at firm, industry, and macroeconomic level; are able to appraise economy publications critically; follow trends in markets, stock exchange, foreign exchange, supply-demand; can analyze data on various economic fields, interpret these employing statistical and econometric techniques and necessary package programs, present the findings; can effectively take notes; are able to ask necessary questions to access to, interpret and transfer information,
  13. apprehend the importance of environment and sustainable development.
Occupational Profile of the Graduates

Students who complete the M.A. Program in Applied Economics can continue with a Ph. D. program and pursue an academic career, or can work as an economist, financial analysis specialist, researcher or consultant in private or public sector institutions.

Applying to Higher-Degree Programs

Students who complete the Applied Economics M.A. Program (Thesis) may apply to Ph.D. programs.

Curriculum
Thesis Program

Applied Economics M.A. Program (Thesis) consists of eight classes including seminar and a thesis study. Total ECTS load of the program is at least 120 ECTS, and annual ECTS load must be 60 or higher during the program.

Non-Thesis Program

Applied Economics M.A. Program (Non-Thesis) consists of 10 courses and an M.A. project. Total ECTS load of the program is at least 90 ECTS.

Evaluation and Grading

Students are given one of the following grades by the instructor for every course they take during the program:

Standing Grade
Letter Out of 4.00
Excellent AA 4.00
Good-Excellent BA 3.50
Good BB 3.00
Satisfactory-Good CB 2.50
Satisfactory CC 2.00
Fail F 0.00
Pass P -
Incomplete I -
Not Present at the Final Exam NP -
Continuing Thesis/Project TP -
Thesis/Project Successfully Completed P -
Thesis/Project Failed F -

Grade "I" may be given to students who did not complete their class project, term project, or thesis studies to complete their work and be graded in a period of 15 days after the deadline of grade submission for that semester. If students fail to complete the necessary work in that period, Grade "I" is converted to Grade "F".

For calculation of cumulative GPA, if a class is repeated, the latest grade is taken into account.

If a course is completed with "CB" or higher, student is not allowed to repeat that course in the following semesters.

Thesis Evaluation

Before the defense of the M.A. Thesis, with the revisions if given, student must complete the thesis study and present it to the advisor. With the approval of the advisor stating that the thesis is defendable, student turns the thesis in to the Institute. Institute checks the thesis against plagiarism with a plagiarism checker and reports the results and send the thesis and the report to the advisor and members of the jury.

M.A. thesis jury is appointed by the suggestion of the thesis advisor and Graduate School Department of Economics Chair and approval of administrative board of Institute. Jury consists of three to five faculty members of which one is the thesis advisor and at least one of which is from another institution.

Members of the jury meet and give the thesis defense examination to the student in one month after the thesis is delivered to themselves. Thesis defense examination consists of presentation of the thesis and Q&A session. After the exam is completed, jury accepts, rejects, or demands a correction with absolute majority.

If the student fails the thesis defense, student is dismissed from the program.

In the case of a correction decision, the demanded corrections must be declared in writing to the student and the Institute; student must complete the corrections demanded in at most three months after the declaration and re-defend the thesis before the same jury. If the student fails the defense exam, student is dismissed from the program.

If the student successfully completes thesis defense, the student is given an M.A. Degree.

Requirements for Graduation
Thesis Program

Students who complete the courses in the curriculum successfully, have a cGPA 2.50/4.00 at least, and passed thesis defense exam successfully have the right to acquire M.A. Degree. Students who fail the thesis defense exam, may complete the course ECTS load, project, and other requirements of the non-thesis program in one semester and get the non-thesis degree.

Non-Thesis Program

Students who complete the courses in the curriculum, have a cGPA 2.50/4.00 at least and complete the term project successfully acquire non-thesis M.A. degree.

Program Director

Assoc. Prof. Aslı Şen Taşbaşı (Department of Economics - Chair)

Işık University Şile Campus AMF-111 Şile/İSTANBUL

Phone: 4440799 - 7212

asli.sen@isikun.edu.tr

Curriculum:

M.A. in Applied Economics (Thesis)
First Semester ECTS Second Semester ECTS
ECO501 Advanced Microeconomics (3+0+0) 3 7 ECO502 Advanced Macroeconomics (3+0+0) 3 7
ECO562 Research Methods for Applied Economics (3+0+0) 3 7 ECO531 Econometrics (3+0+0) 3 7
Elective (3+0+0) 3 7 ECO500 Graduate Seminar (0+1+0) 0 11
Elective (3+0+0) 3 7
Elective (3+0+0) 3 7
Total 9 21 Total 12 39
Third and Fourth Semester ECTS
ECO590 M.A. Thesis 60
Total 60
Total Credits: 21
Total ECTS: 120
M.A. in Applied Economics (Non-Thesis)
First Semester ECTS Second Semester ECTS
ECO501 Advanced Microeconomics (3+0+0) 3 7 ECO502 Advanced Macroeconomics (3+0+0) 3 7
ECO562 Research Methods for Applied Economics (3+0+0) 3 7 ECO531 Econometrics (3+0+0) 3 7
Elective (3+0+0) 3 7 Elective (3+0+0) 7
Elective (3+0+0) 3 7 Elective (3+0+0) 7
Elective (3+0+0) 3 7 Elective (3+0+0) 7
Total 15 35 Total 15 35
Third and Fourth Semesters ECTS
ECO580 M.A. Project 20
Total Credits: 30
Total ECTS: 90
Electives
Code Name Credit ECTS
ECO511 International Trade (3+0+0) 3 7
ECO512 Money, Banking and Financial Economics (3+0+0) 3 7
ECO514 Global Economy and Growth (3+0+0) 3 7
ECO522 International Finance (3+0+0) 3 7
ECO525 Transportation Economics (3+0+0) 3 7
ECO526 Economics of the Public Sector (3+0+0) 3 7
ECO530 Game Theory (3+0+0) 3 7
ECO533 Tourism Economics (3+0+0) 3 7
ECO534 Economics of Art (3+0+0) 3 7
ECO551 Environmental Economics (3+0+0) 3 7
ECO552 Agricultural Economics (3+0+0) 3 7
ECO554 Energy Sector Economics (3+0+0) 3 7
ECO555 Economics of Sports (3+0+0) 3 7
ECO571 Economics of Industrial Organization (3+0+0) 3 7
ECO573 Economics of Digital Technology (3+0+0) 3 7
ECO574 Economics of Network (3+0+0) 3 7
ECO577 Health Economics (3+0+0) 3 7
ECO581-589 Special Topics in Applied Economics (3+0+0) 3 7
BUS511 Entrepreneurship and Innovation (3+0+0) 3 7
BUS535 New Product Development and Design (3+0+0) 3 7
NQF-HETR Qualifications for Social and Behavioral Sciences (Academic)
7th Degree (Master's)		 Program Outcomes
  1 2 3 4 5 6 7 8 9 10 11 12 13
Knowledge Theoretic
Conceptual		 Have the basic conceptual knowledge, comprehend the relationship between theoretical and practical uses of knowledge. X                        
Comprehend the interdisciplinary interaction that the field has.     X                    
Grasp the basic concepts in social and behavioral sciences and have command on the relations between concepts. X                        
Have the basic knowledge about the operational rules of relationships between humans and societies.     X                    
Have the basic knowledge about causes and effects of transformations experienced by societies. X                        
Have the knowledge of planning and conducting research required by Social and Behavioral Sciences and skill to apply this knowledge.           X              
Have the theoretical and practical level of knowledge to generate information by processing advanced level data required by Social and Behavioral Sciences.           X              
Skill Cognitive
Practical		 Have the skill to analyze the field specific theoretical knowledge and evaluate the reflections in practice.   X                      
Have the command on theories of social and behavioral sciences, have the knowledge to prepare reports and academic works by using these theories.               X          
Have the skill to use the field specific knowledge for making decisions, applying decisions and developing behavior.       X                  
Have the skill to transfer the acquired field specific theoretical and practical knowledge to interested parties.   X                      
Interpret the acquired field specific knowledge by integrating them with knowledge from other fields and form new knowledge.       X                  
Give written and verbal authentic presentations in national and international meetings on their field.               X          
Detect the problems faced in the field and develop suggestions for solution and/or solve the problems.   X                      
Competence Competence to Work Independently and Take Responsibility Solve a field specific problem individually or by participating in a team.                       X  
Assume responsibility as an individual level or in a team to solve a field specific setback or a problem, take initiative if necessary.                       X  
Plan and manage any goal or project in their field.                       X  
Demonstrate awareness of the leadership responsibility that they should assume when needed in a team work.                       X  
Set vision, aim, and goal for the field of work.                       X  
Expand the limits to knowledge by preparing and publishing a scientific article, either individually or as a part of a team, in their field.                       X  
Competence Learning Competence Filter and evaluate the field specific knowledge acquired in terms of causes, results and critique.                       X  
Determine the lack of knowledge and application in the field.                     X    
Capable of keeping the interest and demand toward field active.                     X    
Evaluate the basic knowledge and skills acquired in a contributing, critical and productive manner, determine and provide learning necessities.                     X    
Track the national and international publications related to the field.                     X    
Direct their education toward an advanced level education in the same field or an occupation at the same level.                     X    
Have the awareness of lifelong learning and questioning.                     X    
Competence Communication and Social Competence Transfer the field specific knowledge and skills acquired both in writing and verbally.                   X      
Share the suggestions for solution related to field with interested parties by supporting them with scientific data.                 X        
Have the qualification of sharing knowledge, working in teams, and evaluate and include critical approaches in academic environment.                 X        
Transforms the field specific knowledge and applications into project and activities in a social responsibility approach framework.                   X      
Reflect the diversity created by their theoretical basis and conceptual riches to their individual careers in working life.                 X        
Analyze and develop the social relations and norms that direct these relations critically and take action to change them when necessary.             X   X        
Track the information and communicate with colleagues by using a foreign language at least at B2 General Level of European Language Portfolio.             X     X      
Use the information and communication technologies with computer software required by the field.                   X      
Competence Field Specific Competence Follow the social, cultural, scientific and ethical values while building the field specific knowledge and know-how (collecting, interpreting, and publishing the results).         X                
Make forecasts about future.                         X
Have the necessary awareness about universality of social rights, social justice, quality and cultural values and protection of the environment, occupational health and safety.         X   X            
Have the necessary awareness about universality of social rights, social justice, quality and cultural values and protection of the environment, occupational health and safety.         X   X            
Have an open attitude about change and innovation.         X                
Develop opinions about social and behavioral phenomena by using set of knowledge and method provided by the field and have qualification in interpreting events.     X   X   X            
Use the field specific knowledge absorbed, problem solving and/or application skills in national and international interdisciplinary studies.                         X
COURSES PROGRAM OUTCOMES
1 2 3 4 5 6 7 8 9 10 11 12 13
ECO500 Graduate Seminar             X     X X X  
ECO501 Advanced Microeconomics X X X   X X   X       X  
ECO502 Advanced Macroeconomics X X X X X X X X X
ECO511 International Trade X X X X X X X
ECO526 Economics of the Public Sector X X X X X X X X X
ECO531 Econometrics X X X X X X X X
ECO562 Research Methods in Economics X X X X X X
ECO573 Economics of Digital Technology X X X X X X
ECO574 Economics of Networks X X X X X X X X
ECO581 Indsutrial Organization X X X X X X X
ECO583 Health Economics
Departmental Elective-I X X X X X X
Departmental Elective-II X   X   X X   X       X  
Departmental Elective-III X   X   X X   X       X  
Departmental Elective-IV X   X   X X   X       X  
ECO580 M.A. Project X   X   X X   X   X X X  
ECO590 M.A. Thesis X   X   X X   X   X X X  

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