Economics and Finance are distinct yet interconnected disciplines with a shared impact on local and global markets. Economics studies the production, consumption, and distribution of goods and services and the economic aspects of these processes. It also examines how consumers and producers respond to changing conditions, providing guidance and insights for policy-making. On the other hand, Finance focuses on topics such as prices, interest rates, cash flows, financial markets, returns, cost of capital, financial structures, and risk assessment.
In summary, Economics aims to utilize capital for investment to yield optimal returns, while Finance deals with real numbers and evaluates companies, investors, and price risks.
Some Turkish universities integrate both specializations into an academic program covering a wide range of subjects over four years. The language of instruction is mostly English in most universities and Turkish in some.
What are the tasks of graduates in Economics and Finance?
- Developing solutions for economic and financial problems.
- Developing suitable techniques for economic and financial forecasts.
- Preparing reports on economic and financial matters.
- Formulating and developing strategies and recommendations for economic and financial issues.
- Analyzing and evaluating overall and partial economic developments.
Additionally, Economics and Finance students must stay updated on the latest local and global economic developments and changes.
Curriculum for Economics and Finance Specialization
The details of the academic program content vary from one university to another. You can find the details of the academic content at the university you wish to enroll in by visiting its official website. Below are the study subjects for the Finance and Economics program at one of the Turkish universities
First Academic Year
- Introduction to Economics
- Legal Concepts
- English Language Reading, Speaking, Listening, and Writing Skills
- Basic Concepts in Behavioral Sciences
- Mathematics
- Financial Accounting
- Turkish Language and its Development
Second Academic Year
- Microeconomics (Supply and Demand, Market Equilibrium)
- Capital and Market Concepts
- Introduction to Macroeconomics
Third Academic Year
- Applied Economics
- General Economics
- Financial Policies
- Financial Analysis and Basic Statistics
- Financial Decision-Making Techniques
Fourth Academic Year
- Money and Banking
- International Economics
- Conceptual Foundations of Investment Projects
- Finance and Economics Workshop
- Economic Growth and Development
For example, click here to learn about the Economics and Finance program content at Bahcesehir University.
Job Opportunities for Economics and Finance Graduates
Graduates work as administrators, assistants, experts, financial consultants, and in marketing or sales in:
- Economic and financial markets
- Industrial and commercial companies
- Public and private banks and institutions
Students who aspire to work in academia can pursue their academic studies and advance to obtain a master’s and then a doctoral degree and work at the university.
