Dr. Souren Soumbatiants joined Franklin University in December 2007. Since September 2010, he serves as the Program Chair for the Business Economics program.
Dr. Soumbatiants graduated with honors from the Department of Computational Mathematics and Cybernetics of Moscow State University in 1993. He went on to continue my studies in the US and earned a Master of Science in Applied Mathematics from the University of Texas at Dallas in December 1994. As his interests shifted more towards business education, he completed Masters of International Business Studies (MIBS) degree from the University of South Carolina in May 1997. The program has been consistently ranked by the US News & World Report as the U.S. premier program in international business, earning the top ranking. As a part of the degree he worked as a Research Assistant for Frank Russell Company. Souren was awarded Allen B. Dickerman award for academic performance superior to all foreign students in the Unified Business Program of the Master In International Business Studies Program.
In June 1997 Souren joined East Point Holdings, Ltd. as a Financial Manager. As a part of his work responsibilities he worked with the European Bank for Reconstruction and Development (EBRD) on a variety of projects in Eastern Europe with a combined value of $35 million. Constanta Grain Terminal in Romania was a project that he oversaw from signing the initial agreements to starting the operations. As he gained experience in the economic development, he decided to go back to the University of South Carolina to earn a Ph D In Economics. HIs area of specialization are international economics, industrial organization, and public choice.
As he was finishing his doctorate degree at South Carolina, Souren joined the faculty at the Lincoln Memorial University as Assistant Professor of Business in August 2002. In addition to teaching the courses in economics, finance, statistics, management, and research, he put together a program on forecasting US Presidential elections, and presented at a number of conferences his research on the subject. A paper he co-authored with Dr. Henry W Chappell and Dr. Eric Johnson, “Using State Polls to Forecast U.S. Presidential Election Outcomes”, was presented at the Public Choice Society Meetings in Baltimore, MD (March 2004), and published in Public Choice 127:1-2 (April 2006), pp. 207-223.
After a brief assignment as a Deputy General Director for Development at Sistema Finleasing, a daughter company of the Moscow Bank for Reconstruction and Development (MBRD), Dr. Soumbatiants came to Franklin University as the Lead Faculty for Economics and Finance in December 2007.
Currently, Dr Soumbatiants manages ECON 210 Introduction to Microeconomics, ECON 220 Introduction to Macroeconomics, ECON 321 Intermediate Microeconomics, ECON 322 Intermediate Macroeconomics, ECON 420 Forecasting, ECON 450 History of Economic Thought, and ECON 495 Sustainable Economic Growth. He also serve as a Lead Faculty for MBA 723 Managerial Economics. Additionally, Dr. Soumbatiants is the current Chair for the Assessment Committee at Franklin University.
His research interests include Public Choice, Industrial Organization, International Economics, Economic Development, and Network Economics.