School of Economics
Nizami Khudiyev
Professor, Doctor of Economic Sciences
Insurance business, State financial budget system, Tax system
+994 12 565 39 77
nizami.xudiyev@wcu.edu.az
Graduated with honors in 1982 from the Azerbaijan State Institute of National Economy named after D. Bunyadzade, majoring in Finance and Credit. From 1985 to 1988, pursued full-time postgraduate studies in the same field at the Azerbaijan State Institute of National Economy. In 1988, defended a candidate dissertation on the topic "State Insurance in the Agro-Industrial Complex System" in Leningrad (now St. Petersburg) in the specialty of Finance, Money Circulation, and Credit. In 1989, was awarded the degree of Candidate of Economic Sciences.
Began pedagogical activity in 1989 as an assistant at the “Finance” Department of the Baku Branch of the Leningrad Finance and Economics University named after N.A. Voznesensky, by appointment of the Ministry of Education of the Russian Federation. Later held the positions of lecturer, senior lecturer, associate professor, and professor at the Department of Finance of the Azerbaijan State University of Economics (UNEC).
In 2010, defended a doctoral dissertation titled "Management of Insurance Resources in the Process of Formation of the National Insurance Market in Azerbaijan." In 2011, was awarded the degree of Doctor of Economic Sciences by the Supreme Attestation Commission under the President of the Republic of Azerbaijan and in 2017 received the academic title of Professor. He is the author of the first insurance textbook written in the Azerbaijani language. Multimedia lectures on the subject “Insurance” by N. Khudiyev can be found in the Insurance course section of www.edu.cbar.az.
He is the author of over 100 scientific works in the field of finance and insurance, including:
3 textbooks
2 teaching aids
2 methodological guidelines
12 subject syllabi
3 monographs
and numerous scientific articles published both in Azerbaijan and abroad.
He is a member of the Teaching and Methodological Council and the Dissertation Council of the Azerbaijan State University of Economics.
Selected Publications:
“Issues of Globalization of National Insurance Markets in the CIS”, Finance Journal, Moscow, 2004, No. 2.
“Perspectives and Paths of Reforming the Oligopolistic Model of Insurance Markets in the CIS”, Finance Journal, Moscow, 2013, No. 3.
“Practical Directions of Applying the Singapore Model for Increasing Foreign Investment in Azerbaijan’s Non-Oil Sector”, Bulletin of Baku State University, Series of Socio-Political Sciences, No. 3, 2019, pp. 75–84.
“International Experience on Insurance of Forms from Export Risks: Existing Problems and Perspectives in Azerbaijan”, 55th International Scientific Conference on Economic and Social Development, Baku, June 18–19, 2020.
“Current Status and Socio-Economic Aspects of the Agricultural Insurance System in Azerbaijan”, 70th International Scientific Conference on Economic and Social Development, Baku, June 25–26, 2021, pp. 271–276.
“A Substantive Scientific-Empirical Scenario of the Financial Potential of the Karabakh Economic Region Towards the Mid-21st Century”, Scientific-Practical Conference on Building the New Economy in Karabakh: Development Impulses from Aghdam, Aghdam–Baku, September 16–17, 2021.
Educational Materials (Approved by the Ministry of Education of the Republic of Azerbaijan):
Curriculum: Insurance Business (Bachelor level). Order No. 545, dated April 7, 2011.
Curriculum: Theoretical and Practical Issues of Insurance (Master’s level). Order No. 2210, dated December 30, 2011.
Teaching Aid: Fundamentals of Insurance, UNEC Publishing, Order No. 790, July 9, 2014. Baku, 2015, 118 pages.
Textbook: Insurance Business: Modern Course, UNEC Publishing, Order No. 790, July 9, 2014. Baku, 2015, 462 pages.
Textbook: Insurance Business (for higher education institutions), Order F-121, dated February 12, 2018. Baku, 2018, 416 pages.
Monographs:
State Insurance and Improvement of Insurance Relations, Baku: Azərnəşr, 1993.
Organization of Credit Resources and Insurance of Credit Risks in Commercial Banks, Baku: Azərnəşr, 2000.
Insurance Business: The Financial Potential of the Insurer and Management of Insurance Resources, Baku: Azərnəşr, 2003.