Applicants with a Bachelor’s, Master’s, or Specialist Diploma from a state higher education institution of the Republic of Armenia, or from a non-state institution accredited in the relevant specialty or through institutional accreditation, are eligible to apply to YSU Master’s programmes on a full-time or part-time basis. Admission to YSU Master’s programmes for the 2026/2027 academic year, offered in full-time and part-time modes of study, is conducted in accordance with the requirements set forth in the “YSU Admission Regulations for Master’s Degree Programmes (Full-Time and Part-Time Study)”.

Admission to YSU Master’s programmes is conducted online through the admission.ysu.am website, under the “Application Form Submission” section.

Applicants for admission to Master’s programmes must upload scanned copies of the following documents:

a. Higher education diploma and diploma supplement* (the first page of the supplement and the section containing grades in Armenian only);
b. Photograph (3 × 4 cm);
c. Original military service booklet, if applicable (pages 1–4 and 18–19 must be uploaded);
d. Passport (pages 1–4) or identification card (both sides);
e. Receipt confirming payment of the AMD 5,000 admission service fee to YSU’s Ardshinbank CJSC account 2470101276000001.

* 2026 YSU graduates who have not yet received their diplomas must submit an academic transcript signed and stamped by the Dean of the relevant Faculty. 2026 graduates of other higher education institutions in Armenia who have not yet received their diplomas must submit a certificate signed by the Rector of their institution confirming their status as a Bachelor’s graduate, together with a signed and stamped academic supplement.

* To verify the authenticity of an applicant’s diploma, the Admission Committee may, where necessary, require the applicant to submit a certificate issued by the National Information Center for Academic Recognition and Mobility confirming the authenticity of the diploma.

* Applicants submitting a diploma issued by a foreign higher education institution must also submit a certificate issued by the National Information Center for Academic Recognition and Mobility confirming the equivalence of the diploma.

1. Nominal and real GDP. Price indices and their types.

2. Demand for and supply of labor: functions.

3. Equilibrium in the labor market under neoclassical and Keynesian approaches.

4. The aggregate supply function: classical and Keynesian interpretations.

5. The aggregate demand function.

6. Interrelationships among consumption, savings, and the interest rate.

7. Formal analysis of savings, investment, and the current account. The current account and international trade. The trade balance.

8. Types and functions of money. Money supply. Monetary base and money stock.

9. Deposit, credit, and money multipliers.

10. Transaction and speculative demand for money. The Baumol–Tobin model.

11. General equilibrium among the money supply, exchange rate, and price level.

12. Equilibrium in the money market under neoclassical and Keynesian approaches. The LM curve: derivation of its algebraic and graphical representations.

13. Equilibrium in the goods and services market: the Keynesian cross and the multiplier.

14. Equilibrium in the goods and services market: the IS curve and derivation of its algebraic and graphical representations.

15. The IS–LM model. Monetary and fiscal policies in the IS–LM model.

16. The IS–LM model and the aggregate demand curve.

17. The Mundell–Fleming model under a floating exchange rate regime.

18. The Mundell–Fleming model under a fixed exchange rate regime.

19. Exchange rates and purchasing power parity. International interest arbitrage.

20. Inflation: nature, types, and consequences.

21. The Phillips curve and its monetarist interpretation: its relationship with the AD–AS model.

22. The economic business cycle: phases of the cycle, cyclical and non-cyclical fluctuations, and the Great Depression.

23. The economic foundations of income distribution. The Lorenz curve and Gini coefficient.

24. Total and marginal utility. The relationship between the marginal rate of substitution and marginal utility.

25. Price and non-price determinants of the demand function. Elasticity.

26. Generalized price, income, and cross-demand functions. Types of consumer goods. The Giffen paradox. Engel curves.

27. Consumer surplus and optimal compensation.

28. Inefficient allocation of resources under pure monopoly. Natural monopolies and their regulation.

29. The Heckscher–Ohlin factor-proportions theorem and factor-price equalization in the world market.

30. The Stolper–Samuelson theorem on the impact of foreign trade on income distribution.

31. The Rybczynski theorem on the impact of economic growth on foreign trade.

32. The impact of tariff and non-tariff policies on foreign trade.

33. Testing the factor-proportions theorem: the Leontief paradox and its interpretations.

34. Porter’s theory of competitive advantage.

35. The balance of payments: structure and methods of adjustment.

36. Equilibrium in foreign trade: interpretation using the Edgeworth box.

37. The exchange rate: types and foreign exchange transactions.

38. Global economic challenges and international economic integration.

39. Characteristics of the economies of developed, developing, and transition economies.

40. The state and the market. The economic functions of the state.

References

1. Torosyan, T. International Economics: Trade and Finance. Yerevan, 2005.

2. Mankiw, N. G. Macroeconomics. Yerevan, 1997.

3. McConnell, C. R., & Brue, S. L. Macroeconomics. Any edition.

4. Sachs, J., & Larrain, F. Macroeconomics in the Global Economy. Moscow, 1996.

5. Tarasevich, L. S., Grebennikov, P. I., & Leussky, A. I. Macroeconomics. Any edition.

6. Varian, H. R. Intermediate Microeconomics: A Modern Approach.

7. Lomakin, V. K. World Economy. Moscow, 2007.

8. Enterprise Economics. Edited by Volkov. Moscow, 2003.

9. Stiglitz, J. E. Economics of the Public Sector. Moscow, 1997.