The Department of Mathematical Modeling in Economics (“Economic Cybernetics” in the past) was established in 1965. It was one of the two main chairs, on the basis of which the Faculty of Economics was reestablished in Yerevan State University in 1984.

3 Professors, 12 Associate Professors, 3 Assistantss and 3 teachers are currently working at the Department.
The Department delivers the following courses for the two bachelor programs of the Faculty of Economics:

A.Required Courses:

Basics of Informatics

Economic Informatics,

Mathematical Methods in Operations Research ,

Mathematical Modeling in Economics,

Practice in Computers,

Microeconomics,

Macroeconomics,

Econometrics,

B.Optional Courses

Applications of the Graphs Theory,

E-trade,

Optimal Planning,

Real Property Valuation,

Applications of Econometrics in Economic Analysis,

Methods and Models of Social-Economic Forecasting

The Department implements two master programs: “Financial Modeling” and “Management Information Systems”. The first program is implemented in cooperation with the Central Bank of the Republic of Armenia. The second one has been founded in collaboration with the California State University (Fresno, USA) faculty members, based on the syllabi of the above-mentioned university’s of the masters’ program of the same name.

The Department graduates are highly qualified specialists which are capable to work in various fields of economy. They have shown a capability to be significant players in the Armenian economy, both in the Soviet time and the period of independency. The fact that 5 Armenian Ministers of Finance and Economy among the 7 in the last 2 decades are graduates of the Department is a good proof of this statement.

The scope of scientific interest of the Department includes the study of migration flows, environmental economics, problems of the regions’ sound development.

The collaboration with foreign scientists and professors (from the UK, Portugal, Latvia, USA, etc.) has a great positive impact on the research activity of the Department members.

The Chair of “Business and Management” of the Department of Economics of Yerevan State University was established in 1996 by Doctor of Economics, professor, Hayk L. Sargsyan. Since 2003 the head of the Chair is professor Sargis L. Khantarjyan.

There are 31 faculty members involved in the chair, among them 4 professors, 9 associate professors and Candidates of Science.

To teach specific courses experts in appropriate subjects are invited which makes possible simultaneous academic education and practical skills to increase competence. Among them are the present Minister of Finance Dr. Vache Gabrielyan, the director of “National Center of Legislation Regulation” under RA Government Armen Yeghiazaryan, the president of the research center “Economy and Value” Manuk Hergnyan.

In 2008-2009 academic years two new master’s programs “Business Administration” and “Innovation Management” were developed. Faculty members of the chair published numerous textbooks, manuals and articles.

On July 22, 2011, in Singapore, the Dean of the Department of Economics, Professor Hayk L. Sargsyan, was honored the “Best Professor of Economics”.

The faculty members of the Chair have participated in various training courses in such world famous universities as Harvard University and California State University, as well as in leading universities of Bulgaria, Greece, and Russia.

A number of collaborative programs (for example the on-line course Microeconomics of Competitiveness provided in cooperation with Harvard University) is carried out with some leading universities as well.

The Finance and Accounting chair of the Yerevan State University was established in February 2001. Untill the year 2003 the head of chair was famous scientist, candidate of economic sciences, associate professor Levon M. Davtyan. From 2004 to 2007, the head of chair was doctor of economic sciences, professor Vardan Bostanjyan. Starting from 2008 the head of chair is candidate of economic sciences, associate professor Hayk Mnatsakanyan.

From the establishment date of Finance and Accounting chair all activities were targeted to deepen the tutors expertise and professionalism and to improve the knowledge of students in the field of finance and accounting. The chair periodicaly has been revising and modernizing the undergraduate and graduate syllabuses of educational programs.

The chair offers two master programs:
1. Finance, money turnover and credit,
2. Accounting and audit .

Both programs were established in accordance with modern demands of educational high standards. Nowadays 11 main tutors and 14 invited experts are working at the chair. Total number of students in master programs are about 250.

The chair also provides lectures for bachelor degree of Economics Faculty. At the undergraduate level the chair provides lectures in Statistics, Accounting, Financial Markets, Finance, Banking, Managerial Accounting, Credit operations, New Banking Technologies and State Financial Systems.

The Chair of Innovation Economics of YSU Faculty of Economics and Management were founded in 2019. The head of the Chair is Doctor of Economics, Professor Ashot Khachatur Markosyan, who was selected for this post by tender and the results of the competition were approved by YSU Scientific Council on June 27, 2019. Professor Ashot Markosyan has combined scientific-pedagogical activity with practical work for 30 years.

The establishment of the Chair of Innovation Economics is aimed at promoting innovation in science, as well as promoting the competitiveness and internationalization of higher education, science and innovation development in the Republic of Armenia, in line with international development trends and socio-economic development programs of the Republic of Armenia.

The chairs of Innovation Economics and Management operate in almost all the world's leading universities and research centers.
There are 7 lecturers in the hair of Innovation Economics, including 3 doctors of economics, professors, 4 candidates (PhD) of economics. It is organized and implemented "Innovation Management" Master's program.

All the lecturers of the department have rich work experience in key areas of RA economy such as public administration system, licensing and copyright protection, social services etc.

The activity of the lecturers of the Chair has been highly appreciated by the President of the Russian Federation (within the CIS), President of the Republic of Armenia, National Assembly of the Republic of Armenia, and Prime Minister of the Republic of Armenia.

The increasing breakup of the program goals of the economic, technological, legal and ultimately social national reforms and the actual results started at the borderline of the 20-21st centuries and processing among the society requires new and more effective solutions. And one of the components of that solution is overcoming the constitutional deficiency.
The Constitutional Economics Analytical Center of Faculty of Economics and Management of YSU (hereinafter the Center) was established in 2016, which activities are aimed at carrying out constitutional monitoring and management, researches of institutional issues of economic development, and proposing scientific and practical solutions.

The objectives of the Centre are:

To develop methodical approaches of constitutional diagnosis, monitoring and management of the countries,

To develop indicators system for assessing the constitutional level, a common methodology for conducting surveys and joint data bases with partner organizations,

To develop economic policy principles concerning different areas taking into account the operational, institutional opportunities of constitutional norms impact and the features of application,

To create a wide network of cooperating scientific-research and analytical organizations, concerned regulatory authorities, as well as individual researchers of the constitutional field,

To provide education services through separate courses related to the constitutional economics and training programs.

Students, masters, PhD students and other researchers of YSU departments and of other universities are eligible to participate in the activities of the Centre.

The project will be supported by:

The Government of the RA

The Central Bank of the RA

The Constitutional Court of the RA

"Constitutional Culture international analytical Centre" Foundation

Physical persons

It is expected to carry out fundamental researches referring to the constitutional economics issues through the Centre activities.

Program implementation envisages:

Development of provisions of a conceptual model for the assessment of the constitutionalism level, diagnosis, monitoring and management and elaboration of a unified methodology based on this and in terms of testing the observed countries,

Publication of scientific researches (articles, monographs, etc.), in the well-known and highly-rated foreign periodicals as well,

Creation of comprehensive data bases of the constitutional economics,

Implementation of constitutional monitoring with partner organizations in different countries.

consteconom.ysu.am