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)
  • Since 2018, the chair has been headed by Doctor of Economics, Professor A. S. Melkumyan, who heads the Chair of Business Administration since April, 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)

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. Sahakyan Maria Armenak - Head of the Chair, PhD in Economics, Associate Professor
  2. Melkumyan Anahit Sergey – Doctor of Economics, Professor
  3. Mardumyan Mikayel Serobi– PhD in Economics, Associate Professor
  4. Kalantaryan Paruyr Andranik- PhD in Economics, Associate Professor
  5. Badalyan Meri Vazgen - PhD in Economics, Associate Professor
  6. Karapetyan Lusine Vahagn - PhD in Economics, Associate Professor
  7. Samvelyan Nazenik Artavazd - PhD in Economics, Associate Professor
  8. Mkrtumyan Tatevik Albert- PhD in Economics, Associate Professor
  9. Hayrapetyan Liana Mher - PhD in Economics, Associate Professor
  10. Yeghiazaryan Arthur Sasun - PhD in Economics, Associate Professor
  11. Tovmasyan Gayane Rubik - PhD in Economics, Associate Professor
  12. Babajanyan Anna Seyran - PhD in Economics, Associate Professor
  13. Sargsyan Tatevik Rubik - PhD in Economics, Associate Professor
  14. Babayan Robert Ashot - PhD in Economics, Senior Lecturer
  15. Amiryan Bingyol Grunik – PhD in Economics, Lecturer
  16. Shahnazaryan Gagik Haykaz - Lecturer
  17. Shahbazyan Anahit Volodyay - Lecturer
  18. Karapetyan Yelena Yuri – Senior Lecturer
  19. Elizbaryan Narine Agassi - Ph.D. in Economics, Lecturer
  20. Elizbaryan Nune Agassi – Ph.D. in Economics, Lecturer
  21. Davtyan Arevik Samvel – PhD in Biology, Lecturer
  22. Grigoryan Emil Araiki - Ph.D. in Economics, Lecturer
  23. Sargsyan Astghik Yervand - Lecturer
  24. Sargsyan Mane Grigori - Lecturer
  25. Kirakosyan Edgar Ishkhan - Lecturer
  26. Asatryan Ani Sokhak - Assistant Professor
  27. Margaryan Sona Atom - Assistant Professor
  28. Mezhlumyan Ruzan Mayor- Senior Lab Assistant

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