YSU Admission Regulations for Master’s Programmes for the 2026/2027 Academic Year Full-Time and Part-Time Modes of Study
Applicants with a Bachelor’s, Master’s, or Specialist Diploma from a state higher education institution of the Republic of Armenia or a non-state institution recognized through specialty-specific or institutional accreditation may 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 is conducted in accordance with the requirements set forth in the “YSU Admission Regulations for Master’s Programmes (full-time and part-time modes of study)”. Applications for admission are submitted online through the admission.ysu.am website, under the “Application Form Submission” section.
Required Documents
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 graduates of other higher education institutions in Armenia who have not yet received their diplomas must submit a certificate confirming completion of their Bachelor’s degree and an academic supplement, both signed and stamped by the Rector of the respective institution.
* The Admissions Committee may require an applicant to provide an advisory certificate issued by the National Information Center for Academic Recognition and Mobility.
* Applicants submitting a diploma issued by a foreign higher education institution must also provide a certificate from the National Information Center for Academic Recognition and Mobility confirming the equivalence of the diploma.
Admission – First Round
Applications for the first round of Master’s admission will be accepted from June 1 to June 26, 2026, until 18:00.
The first-round admission examinations will be held on July 1, 2026.
Applicants admitted on a tuition-paying basis must pay at least 25% of the first-semester tuition fee specified for the respective educational programme for the 2026/2027 academic year by August 29, 2026, inclusive. Payment must be made exclusively by bank transfer. Information on the required payment details is available via the relevant link.
Admission – Second Round
Applications for the second round of Master’s admission will be accepted from July 6 to August 17, 2026, until 18:00. The second-round admission examinations will be held on August 25, 2026. Applicants admitted on a tuition-paying basis must pay at least 25% of the first-semester tuition fee specified for the respective educational programme for the 2026/2027 academic year by July 17, 2026, inclusive.
Bank account: 2470100009060000
Important Documents
Resolution No. 8/2 on approving the tuition fees for Bachelor’s and Master’s programmes at the YSU Foundation for the 2025–2026 academic year by specialty.
Admission Examination Syllabus
The admission examination is conducted in written form.
Nominal and real GDP. Price indices and their types.
Demand for and supply of labor: functions.
Labor market equilibrium under neoclassical and Keynesian approaches.
The aggregate supply function: classical and Keynesian interpretations.
The aggregate demand function.
Interrelationships among consumption, savings, and the interest rate.
Formal analysis of savings, investment, and the current account. The current account and international trade. The trade balance.
Types and functions of money. Money supply. Monetary base and money stock.
Deposit, credit, and money multipliers.
Transactional and speculative demand for money. The Baumol–Tobin model.
General equilibrium among the money supply, exchange rate, and price level.
Money market equilibrium under neoclassical and Keynesian approaches. The LM curve: derivation of its algebraic and graphical representations.
Equilibrium in the goods and services market: the Keynesian cross and the multiplier.
Equilibrium in the goods and services market: the IS curve and derivation of its algebraic and graphical representations.
The IS–LM model. Monetary and fiscal policies within the IS–LM framework.
The IS–LM model and the aggregate demand curve.
The Mundell–Fleming model under a floating exchange rate regime.
The Mundell–Fleming model under a fixed exchange rate regime.
Exchange rates and purchasing power parity. International interest arbitrage.
Inflation: nature, types, and consequences.
The Phillips curve and its monetarist interpretation: its relationship with the AD–AS model.
The economic business cycle: phases of the cycle, cyclical and non-cyclical fluctuations, and the Great Depression.
The economic foundations of income distribution. The Lorenz curve and Gini coefficient.
Total and marginal utility. The relationship between the marginal rate of substitution and marginal utility.
Price and non-price determinants of the demand function. Elasticity.
Generalized price, income, and cross-demand functions. Types of consumer goods. The Giffen paradox. Engel curves.
Consumer surplus and optimal compensation.
Inefficient allocation of resources under pure monopoly. Natural monopolies and their regulation.
The Heckscher–Ohlin factor-proportions theorem and factor-price equalization in the world market.
The Stolper–Samuelson theorem on the impact of foreign trade on income distribution.
The Rybczynski theorem on the impact of economic growth on foreign trade.
The impact of tariff and non-tariff policies on foreign trade.
Testing the factor-proportions theorem: the Leontief paradox and its interpretations.
Porter’s theory of competitive advantage.
The balance of payments: structure and methods of adjustment.
Foreign trade equilibrium: interpretation using the Edgeworth box.
The exchange rate: types and foreign exchange transactions.
Global economic challenges and international economic integration.
Characteristics of the economies of developed, developing, and transition economies.
The state and the market. The economic functions of the state.
References
H. Hovhannisyan, G. Galstyan, Sh. Isahakyan et al., International Economics, Yerevan, 2021.
T. Torosyan, International Economics: Trade and Finance, Yerevan, 2005.
G. Mankiw, Macroeconomics, Yerevan, 1997.
Sachs, J. D., & Larrain, F. B., Macroeconomics in the Global Economy, Englewood Cliffs, NJ: Prentice Hall, 1993.
Lomakin, V. K., World Economy, Moscow, 2007.
