diff --git a/perf/micro/immediate-scheduler/operators/debouncetime.js b/perf/micro/immediate-scheduler/operators/debouncetime.js
new file mode 100644
index 0000000000..ab5a4029f9
--- /dev/null
+++ b/perf/micro/immediate-scheduler/operators/debouncetime.js
@@ -0,0 +1,24 @@
+var RxOld = require('rx');
+var RxNew = require('../../../../index');
+
+module.exports = function (suite) {
+  var time = [10, 30, 20, 40, 10];
+
+  var oldDebounceTimeWithImmediateScheduler = RxOld.Observable.range(0, 5, RxOld.Scheduler.immediate)
+    .flatMap(function (x) { return RxOld.Observable.of(x, RxOld.Scheduler.immediate).delay(time[x]); })
+    .debounce(25);
+  var newDebounceTimeWithImmediateScheduler = RxNew.Observable.range(0, 5)
+    .mergeMap(function (x) { return RxNew.Observable.of(x).delay(time[x]); })
+    .debounceTime(25);
+
+  function _next(x) { }
+  function _error(e) { }
+  function _complete() { }
+  return suite
+    .add('old debounceTime() with immediate scheduler', function () {
+      oldDebounceTimeWithImmediateScheduler.subscribe(_next, _error, _complete);
+    })
+    .add('new debounceTime() with immediate scheduler', function () {
+      newDebounceTimeWithImmediateScheduler.subscribe(_next, _error, _complete);
+    });
+};
\ No newline at end of file
diff --git a/spec/operators/debouncetime-spec.js b/spec/operators/debouncetime-spec.js
new file mode 100644
index 0000000000..9fe9415e9e
--- /dev/null
+++ b/spec/operators/debouncetime-spec.js
@@ -0,0 +1,89 @@
+/* globals describe, it, expect, expectObservable, hot, rxTestScheduler */
+var Rx = require('../../dist/cjs/Rx');
+var Observable = Rx.Observable;
+
+describe('Observable.prototype.debounceTime()', function () {
+  it('should delay all element by the specified time', function () {
+    var e1 =   hot('-a--------b------c----|');
+    var expected = '------a--------b------(c|)';
+
+    expectObservable(e1.debounceTime(50, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should debounce and delay element by the specified time', function () {
+    var e1 =   hot('-a--(bc)-----------d-------|');
+    var expected = '---------c--------------d--|';
+
+    expectObservable(e1.debounceTime(50, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should complete when source does not emit', function () {
+    var e1 =   hot('-----|');
+    var expected = '-----|';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should complete when source is empty', function () {
+    var e1 = Observable.empty();
+    var expected = '|';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should raise error when source does not emit and raises error', function () {
+    var e1 =   hot('-----#');
+    var expected = '-----#';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should raise error when source throws', function () {
+    var e1 = Observable.throw('error');
+    var expected = '#';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should debounce and does not complete when source does not completes', function () {
+    var e1 =   hot('-a--(bc)-----------d-------');
+    var expected = '---------c--------------d--';
+
+    expectObservable(e1.debounceTime(50, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should not completes when source does not completes', function () {
+    var e1 =   hot('-');
+    var expected = '-';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should not completes when source never completes', function () {
+    var e1 = Observable.never();
+    var expected = '-';
+
+    expectObservable(e1.debounceTime(10, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should delay all element until source raises error', function () {
+    var e1 =   hot('-a--------b------c----#');
+    var expected = '------a--------b------#';
+
+    expectObservable(e1.debounceTime(50, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should debounce all elements while source emits within given time', function () {
+    var e1 =   hot('--a--b--c--d--e--f--g--h-|');
+    var expected = '-------------------------(h|)';
+
+    expectObservable(e1.debounceTime(40, rxTestScheduler)).toBe(expected);
+  });
+
+  it('should debounce all element while source emits within given time until raises error', function () {
+    var e1 =   hot('--a--b--c--d--e--f--g--h-#');
+    var expected = '-------------------------#';
+
+    expectObservable(e1.debounceTime(40, rxTestScheduler)).toBe(expected);
+  });
+});
\ No newline at end of file
diff --git a/src/CoreOperators.ts b/src/CoreOperators.ts
index b9a17a4596..2465a0e190 100644
--- a/src/CoreOperators.ts
+++ b/src/CoreOperators.ts
@@ -19,7 +19,7 @@ export interface CoreOperators<T> {
   concatMapTo?: <R>(observable: Observable<any>, projectResult?: (x: T, y: any, ix: number, iy: number) => R) => Observable<R>;
   count?: () => Observable<number>;
   dematerialize?: () => Observable<any>;
-  debounce?: <R>(dueTime: number, scheduler?: Scheduler) => Observable<R>;
+  debounceTime?: <R>(dueTime: number, scheduler?: Scheduler) => Observable<R>;
   defaultIfEmpty?: <T, R>(defaultValue: R) => Observable<T>|Observable<R>;
   delay?: <T>(delay: number, scheduler?: Scheduler) => Observable<T>;
   distinctUntilChanged?: (compare?: (x: T, y: T) => boolean, thisArg?: any) => Observable<T>;
diff --git a/src/Rx.KitchenSink.ts b/src/Rx.KitchenSink.ts
index 5e30269dae..4acb6f7931 100644
--- a/src/Rx.KitchenSink.ts
+++ b/src/Rx.KitchenSink.ts
@@ -114,6 +114,9 @@ observableProto.dematerialize = dematerialize;
 import debounce from './operators/debounce';
 observableProto.debounce = debounce;
 
+import debounceTime from './operators/debounceTime';
+observableProto.debounceTime = debounceTime;
+
 import defaultIfEmpty from './operators/defaultIfEmpty';
 observableProto.defaultIfEmpty = defaultIfEmpty;
 
diff --git a/src/Rx.ts b/src/Rx.ts
index 0de7c31461..2b0027a53d 100644
--- a/src/Rx.ts
+++ b/src/Rx.ts
@@ -103,6 +103,9 @@ observableProto.dematerialize = dematerialize;
 import debounce from './operators/debounce';
 observableProto.debounce = debounce;
 
+import debounceTime from './operators/debounceTime';
+observableProto.debounceTime = debounceTime;
+
 import defaultIfEmpty from './operators/defaultIfEmpty';
 observableProto.defaultIfEmpty = defaultIfEmpty;
 
diff --git a/src/operators/debounceTime.ts b/src/operators/debounceTime.ts
new file mode 100644
index 0000000000..62265b80d0
--- /dev/null
+++ b/src/operators/debounceTime.ts
@@ -0,0 +1,63 @@
+import Operator from '../Operator';
+import Observable from '../Observable';
+import Subscriber from '../Subscriber';
+import Scheduler from '../Scheduler';
+import Subscription from '../Subscription';
+import nextTick from '../schedulers/nextTick';
+
+export default function debounceTime<T>(dueTime: number, scheduler: Scheduler = nextTick): Observable<T> {
+  return this.lift(new DebounceTimeOperator(dueTime, scheduler));
+}
+
+class DebounceTimeOperator<T, R> implements Operator<T, R> {
+  constructor(private dueTime: number, private scheduler: Scheduler) {
+  }
+
+  call(subscriber: Subscriber<T>): Subscriber<T> {
+    return new DebounceTimeSubscriber(subscriber, this.dueTime, this.scheduler);
+  }
+}
+
+class DebounceTimeSubscriber<T> extends Subscriber<T> {
+  private debouncedSubscription: Subscription<any> = null;
+  private lastValue: any = null;
+
+  constructor(destination: Subscriber<T>,
+              private dueTime: number,
+              private scheduler: Scheduler) {
+    super(destination);
+  }
+
+  _next(value: T) {
+    this.clearDebounce();
+    this.lastValue = value;
+    this.add(this.debouncedSubscription = this.scheduler.schedule(dispatchNext, this.dueTime, this));
+  }
+
+  _complete() {
+    this.debouncedNext();
+    this.destination.complete();
+  }
+
+  debouncedNext(): void {
+    this.clearDebounce();
+    if (this.lastValue != null) {
+      this.destination.next(this.lastValue);
+      this.lastValue = null;
+    }
+  }
+
+  private clearDebounce(): void {
+    const debouncedSubscription = this.debouncedSubscription;
+
+    if (debouncedSubscription !== null) {
+      this.remove(debouncedSubscription);
+      debouncedSubscription.unsubscribe();
+      this.debouncedSubscription = null;
+    }
+  }
+}
+
+function dispatchNext(subscriber) {
+  subscriber.debouncedNext();
+}
\ No newline at end of file