PhD Programs

Doctoral Program in Economics (Ph.D. Degree):
The Ph.D. Program in Economics aims to educate students to become world class and globally competitive academicians or practitioners. Advanced core theory courses in Microeconomics, Macroeconomics, and Econometrics are complemented by advanced versions of field courses. The departmental faculty integrates successful doctoral students into the departmental research and consulting projects in their areas of interest. 

Admission Requirements:
Istanbul Technical University Senate’s Admission Requirements (Please see:
A minimum of 80 from ALES (equally weighted) or 700 (or 155 new scale) from GRE (quantitative) or 600 from GMAT
If the candidate has only an undergraduate degree: A GPA of 3.50 (out of 4) or 88 (out of 100)
If the candidate has a masters degree: A GPA of 3.00 (out of 4) or 76 (out of 100)
2 reference letters
Statement of Purpose

Courses (Note: Courses that has the letter E next to its code is in English. The other courses are in Turkish.):

First Semester:

IKT601E Advanced Microeconomics
IKT603 Advanced Research Techniques (In Turkish)

Second Semester:

IKT602E Advanced Macroeconomics 
IKT604 Advanced Econometrics

List of Electives:
IKT510E International Economics
IKT511E Game Theory 
IKT512E Monetary Economics 
IKT513E Macroeconomics of Employment 
IKT514E Industrial Economics 
IKT515 Income Distribution and Poverty 
IKT516 Public Economics
IKT517 Interindustry Economics
IKT518 Time Series Analysis
IKT519 History of Economic Thought
IKT521 Turkey’s Economic History
IKT522 Models for Panel and Cross Sectional Data
IKT523 Environmental Economics
IKT524E Current Macroeconomic Issues in the World Economy
IKT525E Development Economics
IKT526 Economic Integration and European Union
IKT528E Transport Economics

Executive Committee:
Prof. Fuat Erdal
Assoc. Prof. Sencer Ecer
Dr. Tolga Yuret

Program Structure:
The students should successfully complete 24 credits and seminar courses to graduate. The student should take 30% of the credits in English. Therefore, the student should take at least one of the elective courses in English. The student should take at least half of the credits from courses with codes higher than 600. The rest of the courses can be taken from the elective pool of the masters program. The student should pass a qualifying exam in order to write a doctoral thesis. Under normal conditions a student is able to graduate in eight semesters. Under special conditions a student can ask for additional time with the written recommendation of his/or her supervisor and the approval of the administrative board if he or she has completed coursework within 4 semesters with a GPA of minimum 3.00 and presented work in the seminar.