Chair of Business Administration

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Head of the Chair - Maria Armenak Sahakyan, PhD in Economics, Associate Professor

History and Operations

In 1991, by the decree of the Scientific Board of the Yerevan Institute of National Economy, the Chairs of Management and Labor Economics were established based on the academic staff of the Chair of Labor Economics and Sociology.

The Chair of Business Administration of the Armenian State University of Economics was established in 2021 on the basis of the Chairs of Business Organization and Labor Economics.

The ASUE Chair of Business Administration cooperates with the Chair of Human Resources Management of the National University of Architecture and Construction of Armenia, European University of Armenia, Voronezh State University of the Russian Federation. The Chair also actively cooperates with major companies of RA, including Ucom, Telecom Armenia, Local Express, "Galaxy" group of companies and other organizations.

The cluster cooperation, including the provision of consultation services and the involvement of practicing employees in the educational process contributes to the strengthening of the university-industry connection, as well as the further employment of the graduates.

Heads of the Chair

Heads of the Chair of Labor Economics

  • H. Poghosyan, Ph.D., Professor (1973-1991)
  • Professor B. Babayan, PhD in Economics (1991-1992)
  • Professor M. Petrosyan, Ph.D. in Economics (1992-2018)
  • Professor A. S. Melkumyan, Doctor of Economics (2018-2021)

Heads of the Chair of Business Administration

  • P. Kalantaryan, Ph.D. in Economics, Associate Professor (2002-2006),
  • A. Hovhannisyan, Ph.D. in Economics, Associate Professor (2006-2014),
  • M. Mardumyan, Ph.D. in Economics, Associate Professor (2016-2021)
  • A. S. Melkumyan, Professor, Doctor of Economics (2021-2024)

Study programs

Bachelor’ degree program

From the 2023/2024 academic year the Chair carries out the "Tourism" bachelor's degree program awarding a bachelor's degree in tourism. The goal of the program is to prepare highly qualified specialists with the skills demanded for middle and high-level managers of organizations in the tourism sector and for positions demanding economic knowledge.

Master’ degree program

The chair implements the "Human Resources Management" and "Project Management" master's degree programs in cooperation with National University of Architecture and Construction of Armenia. Such study programs contribute to the increase of graduates' competitiveness in the labor market, as well as their professional advancement.

Subjects taught

A number of subjects taught by the chair, namely "Human Resource Management", "Labor Economics", as well as "Introduction to Business", are taught at full-time and part-time bachelors’ students in different faculties of ASUE.

Scientific research activities

The scientific research activities of the academic staff and post-graduate students of the chair are aimed at the implementation of the planned research topics: "Problems of effective human resources management in RA" and "Problems of business viability in the context of geopolitical changes".

In recent years, more than 130 papers, as well as 23 scientific reports, have been published within the frames of the above-mentioned topics and half of them were published in international scientific periodicals. Textbooks, monographs, 3 study manuals, and 5 lecture collections were also published.

Many post-graduate students and graduants of the chair have defended their dissertations.

Academic staff members of the Chair of Business Administration were trained in different countries, participated in conferences and lectured in Poland, Hungary, Slovakia, Croatia and Napier University of Edinburgh within the frames of "Erasmus+" teacher exchange program.

Staff of the Chair

1. Maria Sahakyan - Head of Department, PhD in Economics, Associate Professor. 1
2. Anahit Melkumyan - Doctor of Economics, Professor
3. Mikayel Mardumyan - PhD in Economics, Associate Professor
4. Paruyr Kalantaryan - PhD in Economics, Associate Professor
5. Meri Badalyan - PhD in Economics, Associate Professor
6. Lusine Karapetyan - PhD in Economics, Associate Professor
7. Nazenik Samvelyan - PhD in Economics, Associate Professor
8. Tatevik Mkrtumyan - PhD in Economics, Associate Professor
9. Liana Hayrapetyan - PhD in Economics, Associate Professor
10. Arthur Yeghiazaryan - PhD in Economics, Associate Professor
11. Gayane Tovmasyan - PhD in Economics, Associate Professor
12. Anna Babajanyan - PhD in Economics, Associate Professor
13. Tatevik Sargsyan - PhD in Economics, Associate Professor
14. Robert Babayan - PhD in Economics, Senior Lecturer
15. Bingol Amiryan - PhD in Economics, Lecturer
16. Gagik Shahnazaryan - Lecturer
17. Anahit Shahbazyan - Lecturer
18. Elena Karapetyan - PhD in Economics, Senior Lecturer
19. Narine Elizbaryan - PhD in Economics, Lecturer
20. Nune Elizbaryan - PhD in Economics, Lecturer
21. Arevik Davtyan - PhD in Education, Lecturer
22. Emil Grigoryan - PhD in Economics, Lecturer
23. Hovhannes Kandiljyan - PhD in Economics, Lecturer
24. Astghik Avetisyan - Lecturer
25. Sona Margaryan - Lecturer
26. Zhanna Bakhshetsyan - Lecturer
27. Marine Sahradyan - Lecturer
28. Tatevik Safaryan - PhD in Education, Lecturer
29. Ani Asatryan – Assistant Lecturer
30. Ruzan Mejlumyan - Senior Laboratory Assistant

Address: Chair of Business Administration, ASUE, Nalbandyan str. 128, Yerevan, 0025, Armenia
Tel: (+37410) 593-442, (+37410) 593-403
Email: businessadministration@asue.am