Departament of economic theory and the issues of transition period economies

About chair

Department of Economic Theory and Issues of Transition Period Economies

The Head of the Department PhD in Economics, Associate Professor of the Department of Economic Theory and Issues of Transition Period Economies

Irina Petrosyan,
Department of Economic Theory and Issues of Transition Period Economies was established in 2006.
From 2006 to 2010 the Head of the Department was Rector of RAU, Corresponding Member of the National Academy of Sciences of the Republic of Armenia, Doctor of Science, Professor, Mr. Armen Darbinyan.
From 2010 to 2017 the Department was headed by Doctor of Science, Associate Professor, Ms. Mariam Voskanyan.
Since 2017 the Head of the Department is Ph. D in Economics, Associate Professor, Ms. Irina Petrosyan.
 
Educational process
The Department of Economic Theory and Issues of Transition Period Economies provides the teaching of basic and advanced courses in economic theory (micro and macroeconomics), economic theory as a general subject in all non-economic specialties, both in Russian, Armenian and English. The list of subjects provided by the Department includes the history of economic studies, managerial economics, antitrust regulation of the economy, research and writing, development economics, the theory of economic development. Since 2018 to 2024 academic year, the block of disciplines taught by the Department has been extended and now includes such disciplines as institutional economics, public sector economics, agriculture policy, innovation economics, countercyclical state policy, industrial organization, institute design, as well as a number of disciplines from the field of application of economic-mathematical modelling and econometrics, in particular, such as, macroeconomic planning and forecasting, advanced applied economic analysis, computational models of macroeconomic dynamics.


The department also prepares master students and postgraduates in several directions.

Scientific-research activity of the Department
Department member staff carries out active research activities on the following topics:

  • Theories of economic growth

  • The theory of human capital

  • Theories of economic cycles

  • Issues of the economies in transition

  • Distribution of income and social inequality

  • Issues of macroeconomic policy

  • Mismatches between the labour market and the education system

  • The shadow economy and the issues of measuring its scale

Scientific interests of the Department staff also include problems of population migration, remittances, Eurasian integration processes, models for the development of resource-rich countries, macroeconomic regulation in small-volume economies, theoretical aspects of the modernization of the banking regulation system, theoretical approaches to the implementation of monetary, fiscal and social policies of the state.
The members of the Department are executors of grant projects financed by the State Science Committee of the RA, the Ministry of Higher Education and Science of the Russian Federation, the ERASMUS+ Program and other organizations.
The Department actively conducts work on the organization of scientific seminars, conferences and round tables on various topics. Great attention is paid to work with the scientific potential of students, international relations and joint scientific research both with the universities of the Republic of Armenia and the Russian Federation, and with foreign universities. Also, the Department is actively working on regular professional training of its staff members.

Report and development program of the Department of Economic Theory and the Issues of transition period Economies 2024 


 

Programs

Master's degree programs in the following specialties:
«Applied Economics» 
«Managerial Economics» (in the process of implementation)

Postgraduate studies

  • 08.00.01 «Economic theory»
  • 08.00.02 (Ը.00.02) «Economics, management of the economy and its spheres» (Macroeconomics) 

team

Irina Petrosyan

Ph.D in Economics, Associate Professor

Information

Brief information (biography)

Irina Petrosyan,
PhD in Economics of the Republic of Armenia and the Russian Federation, Head of the Department of Economic Theory and Issues of Transition Period Economies.
 
Born on July 14, 1985 in Baku, at present is a citizen of the Republic of Armenia.
 
In 2007, graduated with honors from the Department of Economics at the Russian-Armenian University, specializing in World Economics.
In 2012, after completing  postgraduate studies at the Russian-Armenian University, defended the thesis for receiving the degree of PhD in Economics at the Armenian State University of Economics (specialty 08.00.02 – «Economics, Management of the Economy and its Spheres») on the topic: «Problems of the «Dutch Disease» in Countries with Small Open Economies and the Ways of its Overcoming  (on the Materials of the Republic of Armenia)».

In 2012 graduated with honors from the Moscow Higher School of Social and Economic Sciences (joint degree with the University of Manchester) completing Master's program « Educational Management», receiving a Master's Degree in the specialization «Educational Systems Quality Assessment».

From 2015 to 2018 took her doctoral studies at RAU in the specialty 08.00.06 – «International Economics».

Since 2015 is an Associate Professor of the Department of Economic Theory and the Issues of Transition Period Economies. Since 1st of September 2017 holds the position of Head of the Department of Economic Theory and the Issues of Transition Period Economies.

In addition to the main teaching activities, is a Scientific Secretary of the Specialized Council 008 of the Supreme Certification Commission of the Republic of Armenia in Economics and is the member of the same Council in the all of its specialties.

The author of more than 70 scientific publications, coauthor of two collective monographies, the author of one and the coauthor of two teaching aids, one of the leading researchers of the Institute of Economics and Business, a successful executor of grant projects, a participant of numerous international scientific conferences and forums, trainings and qualification courses.


CV
 

Scientific interests

  • Modern Microeconomics
  • Modern Macroeconomics
  • Industrial Organization
  • Modern Models of Economic Growth
  • The phenomenon of the «Dutch disease» of the economy
  • Migration Policy
  • Antitrust Policy
  • Educational Management

List of publications

  • Economic Competition Protection as the Main Factor of National Economics Development // State Strategy for Innovation and Economic Growth // Collective Monograph on the materials of V International Internet-Conference of the South Federal University Rostov. «Academ Lit» Publishing house, 2007, pp. 92-99.
  • Economic Competition Protection as the Main Factor of National Economics Development (on example of Republic of Armenia) // Modern Issues of Republic of Armenia Economy Development // Materials of the Inter-university Conference. Yerevan. Armenian State Economic University. «Tntesaget» Publishing house, 2008, pp. 57-60.
  • Monopolization of Economy as a Consequence of Privatization. Ways and Methods of Overcoming // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, Socio-economic sciences, Part 1, 2008, Yerevan, RAU Publishing house, pp. 241-250.
  • Private Foreign Remittances as Cause of the “Dutch Disease” of Economy // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2009, Yerevan, RAU Publishing house, pp. 341-350.
  • The Issue of the Dutch Disease in the Terms of World Financial Crisis (on the example of the Republic of Armenia) // Collection of scientific papers. International scientific conference «The economies of the Russian Federation and the Republic of Armenia in the terms of world economic crisis: issues and the prospects of development», Yerevan, «Tntesaget» Publishing house, 2010, pp. 139-145.
  • The Issue of the Dutch Disease Overcoming in Armenia in the Terms of World Financial Crisis // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2010, Yerevan, RAU Publishing house, pp. 419-427.
  • The Prerequisites of Free Trade Zone Establishment between Armenia and Georgia // Information Technologies and Management. Yerevan. Encyclopedia-Armenica, 2010, Yerevan, pp.122-144.
  • The Issue of Foreign Private Remittances Influence on the Economy // Materials of international scientific conference «Modernization of financial-credit relations in the terms of innovation economics», 2011. Moscow, «State Governance university» Publishing house. pp. 125-128.
  • Foreign Remittances as a Cause of the Dutch Disease of the Armenian Economy // News of Ural state economic university. Yekaterinburg. Ural state economic university publishing house. 2011, N5 (37), pp. 87-95.
  • The Influence of Migration and Foreign Private Remittances on the Economy of Developing Countries // Bulletin of the Institute of Economics of the RF Academy of Sciences. 2012. Moscow, №2, pp. 155-167.
  • The Impact of Financial Crises on the Flow of Private Remittances to the Developing World // Materials of the International Scientific-Practical Conference «Preparing the Innovative Staff for the Labor Market in the Terms of Life-long Education», Yekaterinburg. Ural state economic university publishing house, 2012, pp. 127-133.
  • The Dutch Disease in Armenia: Diagnosis and the Ways of Overcoming // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2011, Yerevan, RAU Publishing house, pp. 311-322.
  • The Impact of Private Remittances to the Exchange Rate in the Small Open Economies // Materials of international scientific conference «Finance of the Real Sector in the Terms of Global Economy», 11-12 October, 2012, Moscow, «State Governance university» Publishing house. pp. 72-76.
  • Migration and Remittances: Theoretical Evidence // Materials of international scientific-practical conference «The Modern Issues of the Innovative Economy in the Developing Countries». 17-18 October, 2013, Yerevan, RAU Publishing house. pp. 168-171.
  • The Main Issues of Mismatches between the System of Higher Professional Education and Labor Market Requirements in the Republic of Armenia // Materials of International Scientific-Practical Conference «Actual Issues of Management», 30-31 October, 2014, Moscow, «State Governance university» Publishing house. pp. 80-84.
  • International scientific-practical conference «The Modern Issues of the Innovative Economy in the Developing Countries» // Member of editorial board.
  • The Program of Economic Policy of the Nagorno-Karabakh Republic Government // Member of the working group.
  • The Models of Endogenous Growth as a Tool of the State Economic Policy // Materials of International Scientific-Practical Conference «Real Finances in the Real Economy» 30 October, 2014, Moscow, «State Governance university» Publishing house. pp. 68-73.
  • Integrated Matrixes of Financial Flows as a Tool of Assessment. Theoretical Approach // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2014, Yerevan, RAU Publishing house. pp. 48-52.
  • Assessment of Macroeconomic Equilibrium Models Modern Modifications // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2014, Yerevan, RAU Publishing house. pp. 42-48.
  • Integrated Matrixes of Financial Flows. Results of Approbation // Materials of the Fourth International Scientific-Practical Conference «Innovative development of the Economy. Trends and Prospects», 2015, Perm. 113-120.
  • Main Issues and Prospects of Development of the Resource-Rich Countries Economies // Materials of the Fourth International Scientific-Practical Conference «Innovative development of the Economy. Trends and Prospects», 2015, Perm. 120-127.
  • The Issues and Prospects of Secondary and Higher Professional Education System in the Republic of Armenia // Materials of the International Scientific-Practical Conference «International Economics, International Business and Russia in a New Geopolitical Terms», 2015, Yekaterinburg. 100-108.
  • Resource-Rich Countries Development Analyses (on the example of the Russian Federation) // Materials of the Annual Student Conference Dedicated to the World War II, 1941-1945 2015, Yerevan. RAU Publishing house. pp. 95-101.
  • Theoretical and Methodological Basics of the Economic Integration Groups Activities Assessment // RAU News. 2016. pp.113-123.
  • Migration of the Population and Private Remittances in the Context of the Megaeconomic Processes // RAU News. 2016. pp.101-113.
  • The Main Issues of Mismatches between the Labor Market and the Higher Education System // Materials of the International Scientific-Methodical Conference «Educational Programs and Professional Standards: Searching the Effective Interconnection», 2016, Moscow. pp. 140-148.
  • The Main Causes of Economic Crises Genesis // International Journal «Theoretical and Practical Aspects of Management». №7. Moscow, 2016.
  • Issues on Private Foreign Remittances Influence on the Economy // Journal Transition Studies Review. Armenian Special Issue. Vol. 23. №2 (2016). pp. 43-45.
  • The Main Causes of Labor and Capital Unequal Movement in the Terms of Megaeconomics // RAU News. Human and Social Sciences. RAU Publishing House. Yerevan. №1/2017 (25). 2017. pp. 25-33.
  • Population Migration Issues in EAEU // Materials of III International Scientific-practical Conference «Russian Economy: A Glance to the Future» //in 2 parts. Part 2/ «Tambov State University after G.R. Derzhavin». 2016. pp. 535-547.
  • «Resource curse» phenomena and Mechanisms of its Overcoming // Materials of RAU Student Conference. 2017.
  • Analysis of the Armenian Foreign Exchange Market State // Collection of scientific papers. Annual Scientific Conference of the Russian-Armenian (Slavonic) University, 2016, Yerevan, RAU Publishing house. 7 pages.
  • Mutual Investments in the EAEU: Retrospective Analysis // RAU News. Human and Social Sciences. RAU Publishing House. Yerevan. №1/2017 (25). 2017.

File information

team

Irina Petrosyan

Ph.D in Economics, Associate Professor
team

Armine Hakobyan

Senior Lecturer
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Ester Hakobyan

Ph.D in Economics, Lecturer
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Artur Araqelyan

Ph.D in Economics, Associate Professor
team

Grigor Akhinov

Doctor of Science, Professor
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Samvel Ashotyan

Assistant
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Frida Baharyan

Ph.D in Economics, Associate Professor
team

Evgenya Bazinyan

Ph.D in Economics, Associate Professor
team

Vasiliy Burov

Senior Lecturer
team

Anna Grigoryan

Assistant
team

Manushak Grigoryan

Ph.D in Economics, Associate Professor
team

Armen Eghiazaryan

Associate Professor
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Pavel Ghaltakhchyan

Senior Lecturer
team

Christine Karapetyan

Ph.D in Economics, Senior Lecturer
team

Edgar Karapetyan

Ph.D in Economics, Associate Professor
team

Lidia Mnatsakanyan

Senior Lecturer
team

Lilia Nashikyan

Senior lecturer
team

Sona Nazaryan

Lecturer
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Heghine Petrosyan

Ph.D in Economics, Senior Lecturer
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Garik Petrosyan

Ph.D in Economics, Senior Lecturer
team

Lilit Sargsyan

Lecturer
team

Lusine Sargsyan

PhD in Economics, Lecturer
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Varsik Tigranyan

Ph.D in Economics, Associate Professor
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Eliza Chakhoyan

Ph.D in Economics, Associate Professor
team

Elen Shmavonyan

Assistant

Managers