Applied Economics Major
Master’s Degree in Applied Economics in Turkey
Applied Economics Major focuses on the practical study of economic principles and theories by applying them to real-world situations to predict outcomes.
What is Applied Economics?
Applied economics is a branch of economic sciences that applies economic concepts and theories to understand and analyze current economic phenomena and offer practical solutions to various economic problems.
It relies on a wide range of quantitative and qualitative methods and tools to analyze data and provide accurate forecasts and evaluations of the impact of policies and economic changes on society and individuals.
Study Applied Economics and Management
Students studying applied economics and management will gain insights into the challenges and opportunities facing the real-world economy, how to apply theoretical concepts in various fields, and how to use economic knowledge to improve decision-making in social, political, and economic areas.
The master’s degree in applied economics aims to develop effective research and analysis skills in multiple fields of economics, including practical economics, industrial economics, transportation economics, environmental economics, and applied agricultural economics.
Master’s Program Curriculum in Applied Economics in Turkey
The curriculum for a master’s degree in applied economics in Turkey includes a variety of courses designed to enhance economic analysis skills and deepen the understanding of practical applications of economic theories.
Course offerings may vary between universities, but common courses in the applied economics master’s program include:
– Economic Theory and Economic Models: This course covers the concepts of economic theory and the main models used in analyzing economic phenomena and decision-making.
– Labor Economics and Labor Market: Focuses on the study of the labor market, including unemployment, wages, labor behavior, and both theoretical analyses and practical applications.
– Industrial Economics and Companies: Analyzes markets, companies, product and service behavior, and economic policy applications in this context.
– Agricultural Economics and Natural Resources: Includes applied agricultural economics, efficient use of natural resources, and analysis of agricultural product markets.
– Transportation Economics and Logistics: Covers transportation infrastructure and logistics systems and their impact on the economy.
– Public and Private Finance: Focuses on the study of financial and banking policies, financial markets, and investments.
– Environmental Economics and Sustainable Development: Examines the environmental impacts of economic policies and sustainable development.
– Statistics and Economic Data Analysis: Teaches data analysis techniques and the use of statistics in economic data analysis.
– Scientific Research and Modern Economic Theories Discussion: Encourages scientific research and discussions on modern economic theories and new trends in economics.
Additional Elements in the Applied Economics Master’s Program in Turkey
– Workshops and Research Seminars: These events allow students to interact with faculty and peers to discuss recent economic topics and practical applications.
– Research Project: Some programs require an independent research project that allows students to apply the concepts and tools they have learned during the coursework.
– Field Visits and Practical Training: Programs may include opportunities for students to participate in field visits to economic institutions and relevant government agencies, as well as practical training to apply theories and techniques.
– Expert Lectures: Universities may host lectures by experts and specialists in economics, providing students with new perspectives and practical experiences.
– Scientific Seminars and Conferences: Students have the opportunity to participate in local and international scientific seminars and conferences to present their research and connect with other researchers.
Duration and Admission Requirements for the Master’s Degree in Applied Economics in Turkey
The duration of the master’s degree in applied economics typically ranges from two to two and a half years, depending on university policies.
International students must adhere to the program’s requirements, registration deadlines, exams, and English language proficiency, which is common in most master’s programs in Turkey.
Admission Requirements for the Master’s Degree in Applied Economics in Turkey
Admission requirements for master’s programs in Turkey vary by university, but generally include:
– Bachelor’s Degree: Applicants must have a bachelor’s degree in economics or a related field with a minimum grade of 70%. Preferably, the bachelor’s degree should be from the same university the student wishes to join for the master’s degree.
– Language Certificate: Applicants for English-taught master’s programs must have a recognized English language certificate, such as IELTS or TOEFL.
For Turkish-taught programs, a recognized Turkish language certificate, such as YDS or TOMER, is required.
– Recommendation Letters: Applicants may be required to submit recommendation letters from former professors to provide insight into the applicant’s academic and personal abilities.
– CV (Curriculum Vitae): The CV is an essential document for master’s program admissions in applied economics in Turkey and should include information on education, professional experience, skills, and achievements.
– General Aptitude Test: Applicants to Turkish-taught master’s programs must provide results from the General Aptitude Test (ALES), which evaluates mathematical and statistical analysis skills.
– Required Documents: Additional documents such as a copy of the passport, academic transcripts, graduation certificate, and application fee must be submitted.
Career Opportunities for Applied Economics Master’s Graduates in Turkey
Graduates with a master’s degree in applied economics in Turkey have diverse career opportunities in various sectors, including government and private institutions.
Career opportunities depend on the individual’s prior experience and specific interests and may include:
– Banks and Financial Institutions: Opportunities in finance, investment management, financial evaluations, banking services, and insurance.
– Industrial and Commercial Companies: Opportunities in manufacturing, retail, export and import, and supply chain management.
– Consulting Firms: Providing consulting services in investment, business management, business economics, and economic data analysis.
– Public Sector and Government: Roles related to economic policies and planning in ministries such as the Ministry of Economy, Treasury, or Industry and Trade.
– Research Institutions: Opportunities in economic research institutes and research centers.
– Economic and Data Analysis: Roles as economic or data analysts in various sectors.
– Academic Research and Teaching: Pursuing a PhD and engaging in academic research and teaching in universities and
academic institutes.
– International and Non-Governmental Organizations: Opportunities in international organizations and NGOs focused on economic development and sustainable development.
– Environmental and Sustainable Development Analysis: Roles in analyzing environmental impacts of projects and developing sustainability policies.
– Technology and Innovation Economic Analysis: Opportunities in analyzing innovation and technology, supporting technological development, and scientific research.
– Public Administration and Policy-Making: Roles in public administration and policy-making, contributing to economic policy formulation.
– Economic Planning and Regional Development: Opportunities in economic planning and regional development, participating in policy development.
Enhancing job prospects depends on individual skills, experience in data analysis, and decision-making based on economic models and principles. We encourage pursuing relevant training and majors and building a strong professional network to boost job opportunities and career advancement.
Want to Study Applied Economics in Turkey?
If you are interested in studying applied economics and benefiting from exceptional educational opportunities at one of Turkey’s prestigious universities, Alemni Shokran platform offers you the necessary support and guidance to achieve this goal in the easiest ways.