CHAIR OF FINANCE

-----------------------------------------------------------------------------------------------------------------------------------------

Head of the Chair - Levon BARKHUDARYAN, PhD in Economics, Associate Professor

History, operations

The Chair of Finance was established in the late 1950s under the name "Finance and Credit" in YSU Faculty of Economics. In 1975, after the establishment of Yerevan Institute of National Economy, the Chair moves and continues its operations, followed by its reorganization into separate chairs of finance. ASUE Chair of Finance was established in October, 2012 by merging the Chairs of Public Finance and Corporate Finance.

Since the establishment of the Chair, it consistently attracts highly qualified academic staff, maintains the appropriate scientific and pedagogical level, introduces study and professional programs, increases the efficiency of the education process, and develops research activities.

The Chair of Finance operates in two main spheres: educational and research. The primary goal of the Chair is to prepare high-level specialists having modern, in-depth and thorough knowledge and practical skills, who will further meet the requirements and standards of national and international labor markets.

The Chair aims at shaping some culture of financial mindset, transferring skills, abilities and capabilities of learning theories, applying them later in practice, teaching native and foreign languages, developing critical thinking, creative thinking, analytical and problem-solving skills and abilities, and communicating ideas freely and effectively.

The chair cooperates with the RA Ministry of Finance, RA State Revenue Committee, AMX Stock Exchange, Armswissbank, ArmBusinessBank, Ardshinbank, and "Armenbrok" Investment Company.

Heads of the Chair

The Chair of Finance was headed by:

  • Doctor of Economics, Professor L. Shakaryan (1950-1961)
  • Doctor of Economics, Professor V. Khlghatyan (1961-1975)
  • PhD in Economics, Professor K. Abgaryan (1975-1993)
  • Ph.D. in Economics, Professor L. Badanyan (2001-2011)
  • Ph.D. in Economics, acting Associate Professor L. Barkhudaryan (2011-2013)
  • Doctor of Economics, Professor A. Salnazaryan (2013-2020)
  • From 2021 onwards, PhD in Economics, Associate Professor Levon Barkhudaryan

Educational programs

"Finance" specialized bachelor’s degree program was developed and implemented by the chair in 2016. The chair provides services in the above-mentioned specialty in full-time and part-time formats. The Chair also provides full-time and part-time master's degree program. In 2022, the Bachelor's and Master's programs taught in the chair were completely redesigned and reformed with the direct participation of the CBA and ASUE expert group.

Full-time master’s degree program

  • Public finance
  • Corporate finance
  • Stock market analysis and management

Part-time master’s degree program

  • Public Finance

Subjects taught

Core courses of study taught at the bachelor’s degree program are:

  • Fundamentals of financial markets and investments
  • Public finance
  • Introduction to Corporate Finance
  • Taxes
  • Investment management
  • Financial derivatives
  • Securities market participants and investment services
  • Corporate finance
  • Management of the organization's finance, etc.

Elective courses taught at the bachelors’ degree program

  • Tax administration
  • Corporate Management
  • Program budgeting
  • Financial planning in commercial organizations
  • Technical analysis of the stock market
  • Municipal budget
  • State procurement systems
  • Securitization

The program includes many other subjects as well, which make the knowledge comprehensive and necessary for the financial sector of the RA economy.

The following core subjects are taught at master's degree programs:

Public finance

  • State revenue analysis and forecasting
  • Mechanism of public procurement in public finance
  • Priority directions of public finance development
  • Budget processes
  • Priority directions of program budgeting development
  • Theory of financial crises
  • Financial stability in the state financial system
  • Financial management issues in the state finance system
  • State debt regulation strategy in RA, etc.

Corporate finance

  • Mergers and acquisitions in corporations
  • Computer programs in financial planning
  • Financial risk management in corporations
  • Investment portfolio management
  • International taxation of corporations
  • Behavioral finance
  • Ranking of corporations
  • Financial Econometrics and Forecasting, etc.

Stock market analysis and management

  • Financial infrastructure and services
  • Risk analysis and management
  • Fixed income instruments
  • Investment evaluation
  • Financial derivatives
  • Regulation of financial markets
  • Securitization and financial engineering
  • Investment package management
  • Mergers and acquisitions, etc.

Scientific research activities

The chair carries out scientific research activities within the frames of the topic "Modern issues of the development of the financial system", the results of which have been reflected in the published materials.

Staff of the Chair

1. Levon Barkhudaryan - Head of Department, PhD in Economics, Associate Professor
2. Ashot Matevosyan - Doctor of Economics, Professor
3. Sergey Sukiasyan - Doctor of Economics, Professor
4. Vahan Baghdasaryan - PhD in Economics, Associate Professor
5. Suren Poghosyan - PhD in Economics, Associate Professor
6. Karine Mikayelyan - PhD in Economics, Associate Professor
7. Arpine Schanyan - PhD in Economics, Associate Professor
8. Vahe Mikayelyan - PhD in Economics, Associate Professor
9. Armine Nersisyan - PhD in Economics, Associate Professor
10. Edgar Aghabekyan - PhD in Economics, Associate Professor
11. Hovik Grigoryan - PhD in Economics, Associate Professor
12. Mkhitar Aslanyan - PhD in Economics, Associate Professor
13. Hrayr Muradyan - PhD in Economics, Associate Professor
14. Anna Vardanyan - PhD in Economics, Lecturer
15. Nargiz Sughyan - PhD in Economics, Lecturer
16. Lilit Hovakanyan - PhD in Economics, Lecturer
17. Vanine Yeranosyan - PhD in Economics, Associate Professor
18. Mare Khachatryan - PhD in Economics, Associate Professor
19. Srbuhi Israelyan - PhD in Economics, Lecturer
20. Narine Balasanyan - Lecturer
21. Mane Matevosyan - PhD in Economics, Lecturer
22. Marine Melikyan - PhD in Economics, Lecturer
23. Gor Chatinyan - PhD in Economics, Associate Professor
24. Sevak Mikayelyan - PhD in Economics, Lecturer
25. Vachik Gevorgyan - PhD in Economics, Lecturer
26. Karine Nersisyan - PhD in Economics, Lecturer
27. Gurgen Arakelyan - PhD in Economics, Lecturer
28. Ogsen Papazyan - PhD in Economics, Lecturer
29. Grigor Manukyan - PhD in Economics, Associate Professor
30. Gor Hayrapetyan - PhD in Economics, Lecturer
31. Narek Karapetyan - PhD in Economics, Lecturer
32. Erik Grigoryan - PhD in Economics, Lecturer
33. Susan Avetisyan - PhD in Economics, Associate Professor
34. Tigran Hakobyan - PhD in Economics, Associate Professor
35. Lilik Beglaryan - PhD in Economics, Associate Professor
36. Gayane Gabrielyan - PhD in Economics, Lecturer
37. Heghine Jaghinyan - PhD in Economics, Lecturer
38. Tigran Davtyan - PhD in Economics, Lecturer
39. Armine Baboyan - PhD in Economics, Lecturer
40. Ani Grigoryan - PhD in Economics, Lecturer
41. Lusine Harutyunyan - PhD in Economics, Lecturer
42. Jora Stepanyan – Assistant Lecturer
43. Heghine Allahverdyan – Assistant Lecturer
44. Hasmik Grigoryan - Senior Laboratory Assistant
45. Roza Budaghyan – Laboratory Assistant
46. Karine Gasparyan - Laboratory AssistantBottom of Form

Address: Chair of Finance, ASUE, Nalbandyan str. 128, 0025, Yerevan, Armenia
Tel.: (+37410) 593-469
E-mail: finvark@mail.ru