Dr. Aleksandr Grigoryan, Ph.D.

Associate Professor

Dr. Aleksandr Grigoryan has a Ph.D. in Economics from the University of Turin (UOT) and a Master's degree from the Institute for Advanced Studies, Vienna (IAS). Since 2009, he has worked at the Research Department in the Central Bank of Armenia (CBA) and has taught at the American University of Armenia (AUA), the School of Political Science and International Affairs (PSIA). Since April 2012, he has been appointed as an Assistant Professor of Economics at the College of Business and Economics (CBE) and the College of Humanities and Social Sciences (CHSS) at the AUA. Dr. Grigoryan has served as the chair of the Master of Business Administration (MBA) program at the CBE from 2014-2020. His research covers various development topics, such as microfinance, migration, poverty, gender, monetary policy, and international trade. Dr. Grigoryan has publications in the Journal of Behavioral and Experimental Economics, Empirical Economics, International Migration, Eastern European Economics, International Economic Journal, and Journal of Income Distribution, among other journals. He has a rich experience in economic research and policy consultancy in collaboration with well-known international organizations.

Dr. Grigoryan is a board member of the Armenian Economic Association (AEA) and served as the AEA president from 2015-2017.



  • Ph.D in Economics, University of Turin, Italy, 2005 - 2008
  • Institute for Advanced Studies (IHS) in Vienna, Austria, 2003 - 2005
  • Yerevan State University of Economics, Armenia, 1996 - 2004
  • Post graduate study, 2001 - 2004
  • Graduate study, 1996 - 2001, Diploma in Economics (with Honor)

Courses taught:

  • Time Series Econometrics (ECON 229)
  • Research Methods (BUS 295)
  • Data Analysis for Business Decisions (BUS 320)


  • Armenak Antinyan, Vardan Baghdasaryan, and Aleksandr Grigoryan (2022). Charitable giving, social capital, and positional concerns. Journal of Behavioral and Experimental Economics, 2022.
  • Aleksandr Grigoryan and Knar Khachatryan (2022). Remittances and emigration intentions: Evidence from Armenia. International Migration, pages 1–37, 2022.
  • Aleksandr Grigoryan, Knar Khachatryan, Knarik Ayvazyan, and Pundarik Mukhopadhaya (2022). Chapter 23: Financial inclusion and poverty: evidence from a developing country. Forthcoming in Handbook of Microfinance, Financial Inclusion and Development. Edited by Valentina Hartarska and Robert Cull. Edward Elgar Publishing, 2022.
  • Vardan Baghdasaryan, Aleksandr Grigoryan, Hrant Davtyan, and Knar Khachatryan (2022). Comparison of econometric and deep learning approaches for credit default classification. Strategic Change, volume 30, pages 257–268, 2021.
  • Narek Ohanyan and Aleksandr Grigoryan (2020). Measuring monetary policy: rules versus discretion. Empirical Economics, volume 61, pages 35–60, 2020.
  • Gor A. Khachatryan and Aleksandr Grigoryan (2020). Export growth dynamics and real exchange rate: Evidence from Armenia. International Economic Journal, volume 34, pages 493–509, 2020.
  • Aleksandr Grigoryan, Knar Khachatryan, and Vahram Ter-Matevosyan (2019). Armenia-Turkey border opening: what determines the attitude of Armenians? Caucasus Survey, volume 7, pages 25–43, 2019.
  • Knar Khachatryan, Valentina Hartarska, and Aleksandr Grigoryan (2017). Performance and capital structure of microfinance institutions in Eastern Europe and Central Asia. Eastern European Economics, volume 55, pages 395–419, 2017.
  • Aleksandr Grigoryan. A model with indivisible investments in different environments (2015). Armenian Economic Journal, volume 1, pages 109–144. Armenian Economic Association, 2015.
  • Aleksandr Grigoryan (2013). A model for anocracy. Journal of Income Distribution, volume 22, pages 3–24, March 2013.


E-mail: [email protected]

Phone: +37460 61 26 14

Office location: 230W (PAB)

Office Hours: 16:30 - 17:30, Tue/Thur and by appointment