Economics is the study of how scarce resources should be managed to satisfy human needs. In most societies, resources are allocated not by a single central planner, but through the combined actions of millions of households and firms. Economists, therefore, study how people make decisions: how much they work, what they buy, how much they save, and how they invest their savings. Economists also study how people interact with one another. For instance, they examine how the multitude of buyers and sellers of a good determine the price at which the good is sold, and the quantity of the good that is sold. Finally, economists analyze forces and trends that affect the economy as a whole, including the growth in average income, and the rate at which the prices are rising.
Majoring in economics enables students to have a good grasp of economic theories. It equips them with the knowledge required to understand how global, regional and national economies function, and how economic institutions operate under numerous constraints.
The Department of Economics at Işık University offers its students both theoretical and applied perspectives of economics so that graduates develop a certain level of competencies over economic issues before they make their career preferences.
Therefore, the main objective of the economics program at Işık University is to endow its students with the academic credentials so that they will become eligible to continue on in their academic careers or find job opportunities in a wide spectrum of fields including companies and institutions at national, regional and international levels.