About the Faculty
The Faculty of Economics at Yerevan Gladzor University was established in 1991 and included the Chair of General Economics. The first Chairperson was Lukashen Hovakim Badanyan, PhD in Economics, Professor from 1992 till 1993, followed by Hovhannes Karapet Hovhannisyan, PhD in Economics, Professor from 1993 till 2001.
From 2001 till 2019, the Chair was led by Khoren Albert Mkhitaryan, PhD in Economics, Professor, with short terms of leadership by Bakur V. Martirosyan, PhD in Economics, (2019–2020) and Sergey S. Sukiasyan, Doctor of Economics, Professor, (2020–2021). Since 2021, Khoren Albert Mkhitaryan, PhD in Economics, Professor has resumed his position as the Chairperson of the Chair.
Since the 2004–2005 academic year, the Faculty of Economics has transitioned to a three-tier educational system, offering Bachelor’s, Master’s, and Postgraduate (PhD) programs.
Since 2007, the European Credit Transfer and Accumulation System (ECTS) has been implemented.
Since the 2007–2008 academic year, a part-time program has been available within the Faculty of Economics, with a duration of five years.
The Chair's activities are governed by the regulations of the Ministry of Education, Science, Culture and Sports of the Republic of Armenia, the resolutions of the University’s Academic Council, the Chair’s Charter, semester work plans, as well as other internal regulatory documents.
Academic and Administrative Staff To achieve the Chair’s strategic goals and to ensure the learning outcomes defined by the professional educational program, the Chair has been and continues to be consistently enhanced with doctors of sciences, professors, associate professors, PhD candidates, as well as leading specialists in their respective fields. As of 2015, the Chair is staffed by 13 faculty members engaged in teaching activities.
Collaboration For the purpose of organizing undergraduate academic, scientific, and research internships, the Chair of General Economics, YGU, collaborates with the Central Bank of the RA and a number of commercial banks of the RA, including: • Ardshinbank CJSC • Ameriabank CJSC • Araratbank CJSC • IDBank CJSC • VTB Bank (Armenia) CJSC • Unibank CJSC • Evocabank CJSC • ACBA-Credit Agricole Bank CJSC • Armeconombank OJSC • Inecobank CJSC • Converse Bank CJSC Other partners include: • Association of Accountants of Armenia • L4 Accounting Centre • Institute of Economics after M. Kotanyan, National Academy of Sciences of the Republic of Armenia
The Chair of General Economics organizes and conducts academic seminars on a monthly basis, following a pre-established schedule aligned with the Chair’s unified research strategy and thematic agenda. Regular meetings are held with distinguished representatives and leading professionals in the field to familiarize students with current developments and achievements in the sector, alongside their academic studies. In addition, study visits to the Central Bank and other relevant institutions are organized on a regular basis, providing students with practical insights into the workings of economic and financial systems.
