Faculty of Economics, Administrative and Social Sciences

Economics

Message from the Head of Department

Çiğdem Gürsoy

Dr. Çiğdem Gürsoy
Head of Department

In 1980, the South Korean economy was about two-thirds the size of the Turkish economy. By 2017, it was double the size. How did Korea achieve this rapid growth? How did China, which was exhausted in economic terms at the end of the 1940s, become today's greatest economic power? How did Japan, a country that experienced the deepest destruction in World War II, become the world’s second-largest economy by 1968, and how is it still among today's greatest economic actors? Why has the Argentine economy, which was expected to boom in the early 1900s, been going nowhere fast for a century? Why does Greece constantly experience economic crises?

The answers to the above questions lie in the sentence that was spoken by our Great Leader Mustafa Kemal Atatürk at the 1st Izmir Economic Congress: “Political and military victories, no matter how great they are, cannot be sustained without economic victories.” In this context, in an increasingly competitive global economy that has stepped into the era of artificial intelligence, it is ever more necessary to gain great economic victories. Economic successes and failures are among the most important factors determining the welfare and stability of nations.

A strong economic environment will be the main instrument that will lead us to our national goals and enable us to gain great economic victories. Well-educated economists who can develop and implement accurate economic policies are needed more than ever to establish this environment. These policies can be optimized by developing artificial-intelligence-based approaches, through having a strong theoretical economic background and a researcher spirit. Knowing this, as Istinye University Economics Department, we aim to contribute to the bright economic future of our country by training questioning, solution-oriented and broad-visioned economists who are equipped with strong theoretical knowledge and who have comprehensive knowledge of information technologies and artificial intelligence.