MSMA Faculty - College of Business and Economics (CBE)  

MSMA Faculty

Vardan Baghdasaryan, Ph.D.
Associate Professor, MSM Program Chair
Vardan Baghdasaryan, Ph.D.Associate Professor, MSM Program Chair

Vardan Baghdasaryan is Assistant Professor and a Program Chair for MSM. He has been teaching various economic-related courses to BAB, MBA and MSM cohorts since 2014. Dr. Baghdasaryan has been a Senior Consultant at the AVAG Solutions, Ltd, providing consulting to various international donor agencies.  For detailed information, please refer to


  • Graduate School in the Economics and Finance of Public Administration (DEFAP) Catholic University of Milan, Italy, 2009 – 2014
  • PhD in Economics (Aspirantura) Russian-Armenian (Slavonic) University, Yerevan, Armenia, 2004 – 2007
  • Diploma of Manager-Economist (with honorary distinction), Yerevan State Institute of Economy, Department of Management Yerevan, Armenia, 1999 – 2004
  • ACCA affiliate (all exams passed)  Association of Chartered Certified Accountants (ACCA), UK, 2004-2010

Courses Taught: ECON 221 – Intermediate Microeconomics

Research Activities:

1. Baghdasarayan V., Iannantuoni G. and Maggian V., “Electoral Fraud and Voter Turnout: Experimental Study”
Working paper available at:

2. Baghdasaryan V., Manzoni E., “Set them (almost) free. Discretion in Electoral Campaigns”
Working paper available at:

3.  Khachatryan K.,  Baghdasaryan V., Hartarska V., “Role of Deposits in MFI performance in Central Asia and Eastern Europe”


Antinyan A., Baghdasaryan V., Grigoryan A., “Relative position and social capital in South Caucasus“


E-mail[email protected]

Phone: +374 60 61 25 67

Office location: 207W (PAB)

Office hours: Tuesday 13:30-15:00, or by appointment via email

CV: Download

Theofanis Varvoglis, Ph.D.
Theofanis Varvoglis, Ph.D.Professor

Faculty member’s name: Theofanis Varvoglis

Contacts (E-mail, telephone): [email protected],+374 60 61 2569

Office hours and room: PAB 237W

Short bio-career description of the faculty member

Fanis Varvoglis has a Doctorate in Marketing from Virginia Tech and specializes in Marketing Strategy and Entrepreneurial Decision Making. He is also an internationally certified mediator specializing in corporate disputes. He has been a professor of Marketing at San Diego State University, California, USA, adjunct professor at the University of Macedonia and the University of the Aegean in Greece, and Chair of the Business School at the American College of Thessaloniki. Since 2017 he is professor of Marketing at the American University of Armenia.

Essays and articles of his have been published in American, European, and Greek publications, and he has appeared on American and Greek television on issues relating to Marketing. He has implemented and coordinated studies and research in the private sector both domestically and abroad on education, strategy for corporations, startups, and not-for-profit organizations.

In 1998 he was president of the Greek Institute of Marketing, Macedonia, Greece. In 1997 he founded the volunteer group of the Alumni Association of the American College of Anatolia, of which he was a member of the Executive Board from 1995 to 1999 and president from 1999 to 2001. He has been a trustee of Anatolia College from 2001 to 2012 and a member of the Board of Directors of the State Museum of Contemporary Art from 2011 to 2014. He was President of the Anatolia Alumni Association in Athens in 2015. He has served as a member of the Advisory Board of the Anatolia School of Business Entrepreneurship Hub from 2014 to 2016.

Education and Degrees:

  • Doctorate in Marketing from Virginia Tech, USA
  • MBA, Adelphi University, USA
  • Bachelor in Macroeconomics, University of Macedonia, Greece

CV (uploaded)

Courses taught:

  • Marketing Management
  • Principles of Marketing
  • Consumer Behavior
  • Pricing Competition
  • Market Research
  • Managerial Decision Making
  • Advertising
  • Industrial Marketing
  • Entrepreneurship


  • Education:
  • Outreach:
  • Research:

Areas of specialization:

  • Market Research, Marketing Strategy, Consumer Behavior, Pricing

Projects and researches conducted:

Title of the research/project

Funded Research and Projects

Field/ Disciplines Partners and collaboration




Mané Beglaryan, Ph.D.
Associate Professor, MBA Program Chair
Mané Beglaryan, Ph.D.Associate Professor, MBA Program Chair

Mané Beglaryan joined AUA in 2011 initially teaching in the Political Science and International Affairs (PSIA) program and, subsequently, at the School of Business and Management. She has been a full-time lecturer at CBE since 2012. In 2018 she assumed a position as assistant professor teaching courses in Foundations of Management, Organizational Behavior, Social, Legal and Ethical Environment of Business, HRM, Managing People and Organizations and Managerial Negotiations in the Bachelor of Arts in Business (BAB), Master of Science in Management (MSM), and MBA programs. She has supervised a number of internships and capstones for undergraduate and graduate students, and has coached many students in making a successful transition to the marketplace and getting employed. In February 2020 Dr. Beglaryan was appointed as the Program Chair of MBA.
Within the Erasmus+ mobility program, Dr. Beglaryan has taught undergraduate and graduate students at Audencia School of Business, France; University of Murcia, Spain; Warocque School of Business, University of Mons, Belgium; and Frederick University, Cyprus. She has served on several academic standing and ad-hoc committees, including the Curriculum Committee and the Faculty Senate as vice-chair, as well as on student admissions and faculty selection and interview panels for BAB, MS in Management and the MBA programs. Her research interests include leadership traits and characteristics, organizational learning and corporate culture ecosystem,  strategic human resource management, employee wellness and innovative work behavior (IWB).


  • Doctor of Philosophy, (PhD), National Academy of Sciences, Yerevan, Armenia, 2018.
  • Masters of Public Administration (MPA), Maxwell School  of Citizenship and Public Affairs, Syracuse University, Syracuse, U.S.A. 2004


Courses taught:

  • BUS 306 -MBA program: Managing People and Organizations (BUS 305, 3 credits), Human Resource Management (BUS 307, 3 credits), Managerial Negotiations ( 2 credits).
  • MGMT 341 – in  Management: Organizational Behaviour (3 credits).
  • BUS 112 – A. in Business: Social, Legal and Ethical Environment of Business (3 credits), BUS 105 – Foundations of Management (3 credits), BUS 207 – Human Resource Management (3 credits).



–   Beglaryan, M. Identification of Existing Gaps between the United Nations Convention Against Corruption (UNCAC) and Armenia’s Institutional Framework on Anti-Corruption
UNDP Publication, Yerevan 2008, Armenia.

–   Beglaryan,  (contributor) Analysis of Youth Employment Opportunities in Armenia-Supporting Young EntrepreneursUNIDO, Vienna International Centre, Vienna, Austria, 2012.

–   Beglaryan, M., (contributor) Women Connect Across Conflicts:  Building Accountability for Implementation of UNSCRs 1325, 1820, 1888, 1889, Gender Mapping Study: Armenia ChapterUN WOMEN Georgia, 2012, Tbilisi, Georgia.

–    Beglaryan, M. The Classification of  SME-s in Armenia and abroad: Comparative Analysis, Journal of Finance and Economics, #11-12 (207-208), 2017, pp.102-106.

–   Beglaryan, M. Peculiarities of implementation of management function in SME. “Problems of Science” publishing house, “ECONOMICS”, №2 (34), 2018, pp. 14-19.

–   Бегларян М.А., Проблемы организационных структур малых и средних предприятий в Армении. Научный журнал «ИНТЕРНАУКА», Издательский дом “Интернаука”, № 4 (44), 2018, 2 т., с. 7-10.

–   Beglaryan, M. Tax Management Problems in the Sphere of Small and Medium Entrepreneurship,  Herald of Social Sciences, №1 (652), 2018, pp.215-22.

–   Beglaryan, M. Priorities of State Regulation of Small and Medium-sized businesses, Journal of Public Administration, 1-2/2018, pp.139-147.

–   Beglaryan, M. The Impact of AMO Framework on SME’s Performance, (with Gregorio Sanchéz-Marín and Gabriel Lozano-Reina), Journal of Small Business and Enterprise Development, under review.


E-mail: [email protected]

Phone: +37460 61 26 15

Office location:  230W (PAB)

Office hours: By appointment only via email

Agassy Manoukian, Ph.D.
Associate Professor
Agassy Manoukian, Ph.D.Associate Professor

Agassy Manoukian is an Associate Professor who has joined the MSCBE team in Fall 2013. He currently teaches Operations Management, Supply Chain Management, Management of Information Systems, Project Management and Entrepreneurship courses. He has also been involved with California State University, Northridge and California Lutheran University as Visiting Professor. He holds PhD in Manufacturing and Technology Management (University of Toledo, OH, USA), Master of Business Administration in Finance and International Business (University of Toledo, OH, USA), Master of Science in Industrial Engineering (American University of Armenia, Bachelor of Science in Mechanical Engineering (State Polytechnic University of Armenia) degrees. Dr. Manoukian has wide research interests, including operations management, entrepreneurship, partnership synergy technology commercialization, and clean-tech/renewable energy. He has a vast practical prior experience as president and CEO of a hydrogen fuel cell company, which he led for decade since its establishment. Also, Dr. Manoukian has been involved in a number of international and local projects in various roles, including as a leader, consultant, trainer, and mentor. He has coauthored several books and many scientific/research articles. Dr. Manoukian has delivered keynote speeches and presentations at scientific conferences around the world.


  • Manufacturing and Technology Management, PhD, University of Toledo, Ohio, 2013
  • International Business and Finance, MBA, University of Toledo, Ohio, 2000
  • Industrial Engineering, Master of Engineering, American University of Armenia, 1996
  • Mechanical Engineering, Diploma, State Polytechnic Institute of Armenia, 1994

Courses taught:

  • BUS 280 – Operations Management
  • BUS 380 -Operations and Process Management
  • BUS 382 -Supply Chain Management


Research activities:

Wide research interests, including operations management, entrepreneurship, partnership synergy technology commercialization, and clean-tech/renewable energy. 

  1. V. Odabashian, A. Manoukian, H. HassabElnaby, Innovative Renewable Energy Technology Projects’ Success through Partnership, International Journal of Energy Sector Management (accepted for publication on September 9, 2018, publication pending)
  2. A. Manoukian, V. Odabashian, Operations Management View of Technology Innovation, 2017 Annual Meeting of the Decision Sciences Institute: Proceedings. 2017, pp. 1286319 1 – 1286319 8
  3. A. Manoukian, H. HassabElnaby, V. Odabashian, A Proposed Framework for Renewable Energy Technology Commercialization and Partnership Synergy: A Case Study Approach, American Journal of Business, Volume 30, Issue 2, pp. 147 – 174, 2015.
  4. A. Manoukian, H. HassabElnaby, V. Odabashian, Technology Commercialization Review: Aiming at a Fresher Perspective Based on Partnership Synergy, International Journal of Management Research & Review, Volume 5, Issue 7, July 2015.
  5. V. Odabashian, The UN Initiative “Sustainable Energy For All” and Results of a Study on Investment Environment For Sustainable Energy Development In Armenia, Annual Scientific Conference of the State Engineering University of Armenia, Yerevan, 2015.
  6. A. Manoukian, H. HassabElnaby, V. Odabashian, Impact of Management Compensation on Success of Startups. Proceedings of the 2014 Annual Meeting of the Decision Sciences Institute, Tampa, FL, USA, 2014.
  7. A. Manoukian, V. Odabashian, R. Mnatsakanyan, Certain Prospects of Higher Temperature PEM Fuel Cells Research and Development, 2006 Fuel Cell Seminar, Honolulu, HI, USA, November 13-16, 2006.
  8. V. Odabashian, A. Manoukian, A Hydrogen Outlook from a Transition Economy: Development of Hydrogen Fuel Cells by H2 ECOnomy in Armenia. The International Seminar on the Hydrogen Economy for Sustainable Development, Reykjavik, Iceland, September 28-29, 2006.
  9. A. Tadevosyan, N. Beknazaryan, V. Odabashian, A. Manoukian, G. Shushanyan, Optimized Decision Making in International Business and Marketing: Practical Problems, Tchartaraget, Yerevan, 2006, (in Armenian language, Textbook adopted for instruction at State Engineering University of Armenia).
  10. A. Manoukian, A. Tadevosyan, V. Odabashian and A. Lalayan, Manual on International Marketing, Tchartaraget, Yerevan, 2005, (in Armenian language, Manual adopted for instruction at State Engineering University of Armenia).
  11. A. Manoukian, A. Tadevosyan, and V. Odabashian, International Management, Tchartaraget, Yerevan, 2004, (in Armenian language, Textbook adopted for instruction at State Engineering University of Armenia).
  12. V. Odabashian, A. Tadevosyan, and A. Manoukian, International Business Basics, Tchartaraget, Yerevan, 2003, (in Armenian language, Textbook adopted for instruction at State Engineering University of Armenia).
  13. G. Karamyan, R. Mnatsakanyan, H. Sargsyan, Kh. Gyulumyan, V. Odabashian, A. Manoukian, V. Melikyan, V. Vardanyan, A. Danielyan, Development of Fuel Cells by H2 ECOnomy, 2003 Fuel Cell Seminar: Fuel Cells for Secure, Sustainable Energy, Miami Beach, FL, USA, November 3–6, 2003.


E-mail: [email protected]

Phone: +37460 61 26 22

Office location: 232W (PAB)

Office hours: By appointment

CV: Download

Sergey Tantushyan, MBA
Assistant Professor
Sergey Tantushyan, MBAAssistant Professor

Dr. Sergey Tantushyan is a Business Strategy and Effective Communication professor in the MBA, BAB and MSM programs at AUA. Until July 2019 he was the Director of Extension Programs at the American University of Armenia. Sergey was formerly a Deputy CEO at IDeA Foundation, a major philanthropic organization undertaking headline development projects in Armenia.

He has worked at the Central Bank of Armenia and served as a consultant at the OSCE office in Yerevan. Sergey’s private sector experience includes management positions in investment and consulting companies in Russia, from 2005 to 2007. Back in Armenia, Sergey headed the Strategy Development Division of AmeriaBank in Yerevan from 2007 to 2009, and thereafter pursued his MBA in Boston. Before returning to Armenia in 2012, he worked as an Economist at The Conference Board in New York.

In addition to his 2011 MBA from Brandeis International Business School in Boston, MA, Sergey also holds an MSc in Economics from Yerevan State University, an MCLS from AUA, and a Doctorate degree in Finance and Economics from the National Academy of Sciences of Armenia. As a 2006 Fulbright Fellow, he pursued studies in Strategic Development and Global Economy at Dickinson College, Pennsylvania. Sergey is also an alumnus of the Eurasia Executive Leadership Program (2008), University of Cambridge, UK. In 2009, he became a Sauvé Scholar and Academic trainee at McGill University, Canada.


  • Brandeis University International Business School, MBA, 2009-2011
  • National Academy of Sciences of Armenia, PhD in Economics, 2004-2007
  • Yerevan State University, Master of Science in Economics, 2002-2004
  • American University of Armenia, Master in Comparative Legal Studies, 2002-2004
  • Yerevan State University, Bachelor of Science in Economics, 1998-2002

Courses taught:

  • MGMT 323-Business Strategy
  • BUS 177-Business Communication


Research activities: Business Case Writing, Research in Innovation in Education


1.  AUA Business Case: HDIF- searching for balance between social purpose and entrepreneurship (2015), case taught as part of Strategy class at Tuck School of Business at Dartmouth, as well as Competitive Strategy course at AUA, published at Harvard Business Review

2.  AUA HR Case: Synergy International Systems, Inc. (2015), case taught at the AUA as part of Management class

3.  Shifting Nature of the US Housing Market –contributor (March 2012)

4. Mortgage Market Development and Introduction of Securitization of Assets as a new Financial Tool in the Republic

of Armenia, Doctorate Dissertation, published by Higher Attestation Commission of Armenia (April 2007)

5. Benchmarking of Armenian IT Policies from the Perspective of Increasing IT Cluster Competitiveness. USAID Competitive Armenian Private Sector research. Published on CAPS web site (August 2007)

6. Analysis of Regulation of Abuse of Dominant Position in Armenia. European Journal for Comparative Economics, Italy

7. Psychological, Gender and Economic Aspects of Loan Repayment. Scientific Periodical of National Academy of Science of Armenia (#11, 2005)


E-mail: [email protected]

Phone: +37460 61 27 00

Office location: 110 M (MB)

Office hours: By appointment only via email

CV: Download

Ara Chalabyan, MBA
Adjunct Lecturer
Ara Chalabyan, MBAAdjunct Lecturer

Mr. Chalabyan is an adjunct lecturer, teaching Auditing and Finance to MBA and MSM cohorts.  Mr. Chalabyan holds an MBA from AUA and a Bachelor degree from the Yerevan State University.  Mr. Chalabyan holds a Chartered Certified Accountant certification (ACCA), Certified Internal Auditor (CIA), Certified Risk Management Assurance (CRMA) and is Certified in Risk and Information Systems Controls (CRISC). Mr. Chalabyan is the President of the Institute of Internal Auditors-Armenia, an active member of Financial Services Guidance Committee at Global Institute of Internal Auditors in Florida, and  ISACA (Information Systems Audit and Control Association).


  • MBA, AUA, 2001
  • Bachelor of Economics, YSU, 1997

Courses taught:

  • BUS330 – Financial Management
  • BUS332 – Corporate Finance
  • BUS353 – Audit and Evaluation Controls
  • MGMT326 –  Managerial Finance


AUA Teaching Excellence Award 2018
ATC Teaching Excellence Award 2016


Elevating Team Performance – Internal Auditor Magazine, 2018 April issue

E-mail[email protected]

Phone: +37460 61 26 00

Office location: 209W (PAB)

Office hours: By appointment only via email


Sevak Alaverdyan, Ph.D.
Assistant Professor
Sevak Alaverdyan, Ph.D.Assistant Professor

Dr. Sevak Alaverdyan received his Ph.D. degree in Economics from Bielefeld Graduate School of Economics and Management (BiGSEM) of Bielefeld University (Germany). Dr. Sevak Alaverdyan has served as an adjunct lecturer at the American University of Armenia since 2018. Currently, he is an Assistant Professor at the Manoogian Simone College of Business and Economics and a Teaching Fellow at CERGE-EI Prague. His research interests are primarily in the areas of Labour Economics and Job Search and Matching Theory. Prior to joining AUA, he completed multiple teaching and research projects for regional offices of WHO and CDC, Ministry of HTI of RA, etc.



Ph.D. in Economics from Bielefeld University, Bielefeld, Germany

MA in Economics from School of Economics at TSU, Tbilisi, Georgia 

MA in Economics and Management Enterprises from State Engineering University of Armenia

BA in Economics and Management Enterprises from State Engineering University of Armenia


Courses taught

ECON 342 – Labor Economics

ECON 318 – Advanced Econometrics I

MGMT 300 – Quantitative Tools for Management

MGMT 325 – Business Analytics

BUS 109 – Business Mathematics 1

BUS 209 – Business Mathematics 2

BUS 295 – Research Methods

HHM 350 – Basic Quantitative Tools



Alaverdyan, Sevak, and Anna Zaharieva. “Immigration, social networks and

occupational mismatch.” Economic Modelling (2022): 105936.

Usmanova, Ruzilya, Nargiza Parpieva, Hayk Davtyan, Olga Denisiuk, Jamshid Gadoev,

Sevak Alaverdyan, Kostyantyn Dumchev, Irina Liverko, and Barno Abdusamatova.

“Treatment Compliance of Multidrug Resistant Tuberculosis in Uzbekistan: Does

Practice Follow Policy?.” International Journal of Environmental Research and Public

Health 18, no. 8 (2021): 4071.

Turaev, Laziz, Ajay Kumar, Dilyara Nabirova, Sevak Alaverdyan, Nargiza Parpieva, and

Barno Abdusamatova. “Universal Access to Xpert MTB/RIF Testing for Diagnosis of

Tuberculosis in Uzbekistan: How Well Are We Doing?.” International Journal of Environmental Research and Public Health 18, no. 6 (2021): 2915.

Nabirova, Dilyara, Ryszhan Taubayeva, Ainur Maratova, Alden Henderson, Sayagul

Nassyrova, Marhzan Kalkanbayeva, Sevak Alaverdyan et al. “Factors Associated with

an Outbreak of COVID-19 in Oilfield Workers, Kazakhstan, 2020.” International Journal

of Environmental Research and Public Health 19, no. 6 (2022): 3291.

Khushvakhtov, Shodmon, Hayk Davtyan, Sevak Alaverdyan, Anthony Harries, Olim

Kabirov, Shahnoza Azamova, Firuza Sharipova, Safarkhon Sattorov, and Asliddin

Rajabov. “Scale-up and impact of digital and molecular diagnostic technologies on TB

diagnosis and timely linkage to care in Tajikistan.” The Journal of Infection in

Developing Countries 15, no. 09.1 (2021): 58S-65S.

Sayfutdinov, Zayniddin, Ajay Kumar, Dilyara Nabirova, Jamshid Gadoev, Laziz Turaev,

Sanjar Sultanov, Sevak Alaverdyan, and Nargiza Parpieva. “Treatment Outcomes of

Isoniazid-Resistant (Rifampicin Susceptible) Tuberculosis Patients in Uzbekistan,

2017–2018.” International Journal of Environmental Research and Public Health 18, no.

6 (2021): 2965.

Zhdanova, Elena, Olga Goncharova, Hayk Davtyan, Sevak Alaverdyan, Aelita Sargsyan,

Anthony D. Harries, and Bolot Maykanaev. “9-12 months short treatment for patients

with MDR-TB increases treatment success in Kyrgyzstan.” The Journal of Infection in

Developing Countries 15, no. 09.1 (2021): 66S-74S.


E-mail: [email protected]

Phone: +37460 612611

Office location: 209W(PAB)