Founded in 1930, Armenian State University of Economics is a non-profit public higher-education institution located in the urban setting of the metropolis of Yerevan (population range of 1,000,000-5,000,000 inhabitants). This institution also has branch campuses in the following locations: Gyumri, Yeghegnadzor. Officially recognized by the Ministry of Education, Science, Culture and Sport of the Republic of Armenia, Armenian State University of Economics (ASUE) is a medium-sized coeducational Armenian higher education institution. Armenian State University of Economics (ASUE) offers courses and programs leading to officially recognized higher education degrees in several areas of study. This 92 years old Armenian higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 50-60% making this Armenian higher education organization a averagely selective institution. International students are welcome to apply for enrollment. ASUE also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.