NORDPLUS INTENSIVE COURSE ON SUSTAINABLE TOURISM MANAGEMENT Lithuania/Lietuva April 12th-17th 2010

Nordplus 2010 Info

View more documents from misfit9.

SMK MACROECONOMICS SPRING SEMESTER 2010

SMK-Vilnius Branch

MACROECONOMICS Spring Semester 2010

First reading: "The great depression and world crisis" by Jawaharlal Nerhu

After reading the letters 184 “The great depression and world crisis” and 185 “What caused the crisis” ( included at the book Glimpses of world history wrote by Jawaharlal Nerhu, first President of the independent India) answer the following questions:

a) When the crisis of 1929 did start? What were their main causes?

b) In the letter 184 Nerhu says : “Society has learnt how to produce but not how to distribute what it has produced”. Do you think that society has improved in this issue since the time when Nerhu wrote this sentence?

c) What happened with the international trade ?

d) Do you think that there are similarities between the big depression in 1929 and the “recession” that started on 2008? And differences? Explain.


The homework has to be hand in on THURSDAY 18TH MARCH 2010. I left some copies of the readings in the College’s Secretary.


More information about life and works of Nehru you will find here

http://en.wikipedia.org/wiki/Jawaharlal_Nehru

Copenhagen Summit for dummies

COPENHAGEN summit 2009 in just 38 seconds ; )
For more videos visit this website:
http://storyofcapandtrade.org
Enjoy!
MP

Schedule of Business Economics ISLB Fall semester 2009

Final Schedule ( Business Economics ISLB. Fall semester 2009).

13 January 2010-Dead Line: Homework (essays, readings and problems sets ) will be accepted till next Wednesday13th. Hand in your homework at the International Department of ISLB (don’t forget to include your name and as well my name in the envelop).

In this post you will find the report of DnBNord Bankas “Lithuanian Economic Outlook 2009”.The students that want to improve their marks should prepare an essay. The following question can be the guide-line of your essays. Anyway you are allowed to include in your essays topics that you consider interesting or important.

a) Analysis of the key macroeconomic indicators for Lithuania
b) Analysis of the inflation in Lithuania and in the other Baltic States
c) Foreign trade & Balance of Payments. What has happened with the exports and imports in Lithuania? What are the most important products and services that Lithuania is exporting? Who are the most important commercial partners of Lithuania?
d) What did happen with the investment in Lithuania?
e) Compare the economic situation in Lithuania with the other Baltic countries. What is the forecast of DnB Bankas for this new year 2010?
f) Conclusions

Use your own words. I expect no less than 5 pages (Times New Roman 12 points).The students Ugur Ozen, Kowalski K., and Essen D. have to do the essay. It is compulsory for them!!!! For the rest of students it is optional. This essay substitutes the third set of problems that it was announced in my last communication.

18 January (Monday) : I will send you the list with the students that have to take the final exam again.

26 January (Tuesday): Final exam. The students included in the list will have to take the Final Exam again. The students that want to improve their mark are also welcome.

28 January (Thursday): Final evaluation (marks)

I wish you the best for this new year 2010

MP

DnB Nord Bank report. Lithuania and Baltic countries

International School of Business and Economics. Schedule updated

ISLB SCHEDULE & INFORMATION DECEMBER 2009

First set of problems

Hand in the following exercises:

Students of SMK Micro:
Exercises: 1,2,3,4,5,6,10
Dead Line: 15 DEC 2009 (Tuesday)

Students of SMK Macro:
Exercises: 2,7,8,9,10,11
Dead Line: 17 DEC 2009 (Thursday)

Students of ISLB (ex-VTVK):
Exercises: 1,2,3,4,5,7,8,10.
Dead Line: 17 DEC 2009 (Thursday)

Economics 1rst Set of Problems

Second set of problems

Second set of problems

Hand in the following exercises:

Students of SMK Micro:
Exercises: 1,2,3,4,5,6,7,15,16,17 (choose only 6)
Dead Line: The day of the final exam 2009 (15 December 2009)

Students SMK Macro:
Exercises:. 8,9,10,11,12,13,14,15,16,18,19,20 (choose only 8)
Dead Line: The day of the final exam (17 December 2009)

Students of ISLB:
Exercises: 1,2,3,4,5,6,7,13,14,15,16,17 (choose only 8).
Dead Line: The day of the final exam (17 December 2009)

Economics 2nd Set of Problems

The Jobs Imperative

IF you’re looking for a job right now, your prospects are terrible. There are six times as many Americans seeking work as there are job openings, and the average duration of unemployment — the time the average job-seeker has spent looking for work — is more than six months, the highest level since the 1930s.

You might think, then, that doing something about the employment situation would be a top policy priority. But now that total financial collapse has been averted, all the urgency seems to have vanished from policy discussion, replaced by a strange passivity. There’s a pervasive sense in Washington that nothing more can or should be done, that we should just wait for the economic recovery to trickle down to workers.This is wrong and unacceptable.

Yes, the recession is probably over in a technical sense, but that doesn’t mean that full employment is just around the corner. Historically, financial crises have typically been followed not just by severe recessions but by anemic recoveries; it’s usually years before unemployment declines to anything like normal levels. And all indications are that the aftermath of the latest financial crisis is following the usual script. The Federal Reserve, for example, expects unemployment, currently 10.2 percent, to stay above 8 percent — a number that would have been considered disastrous not long ago — until sometime in 2012.

And the damage from sustained high unemployment will last much longer. The long-term unemployed can lose their skills, and even when the economy recovers they tend to have difficulty finding a job, because they’re regarded as poor risks by potential employers. Meanwhile, students who graduate into a poor labor market start their careers at a huge disadvantage — and pay a price in lower earnings for their whole working lives. Failure to act on unemployment isn’t just cruel, it’s short-sighted. So it’s time for an emergency jobs program.

How is a jobs program different from a second stimulus? It’s a matter of priorities. The 2009 Obama stimulus bill was focused on restoring economic growth. It was, in effect, based on the belief that if you build G.D.P., the jobs will come. That strategy might have worked if the stimulus had been big enough — but it wasn’t. And as a matter of political reality, it’s hard to see how the administration could pass a second stimulus big enough to make up for the original shortfall.

So our best hope now is for a somewhat cheaper program that generates more jobs for the buck. Such a program should shy away from measures, like general tax cuts, that at best lead only indirectly to job creation, with many possible disconnects along the way. Instead, it should consist of measures that more or less directly save or add jobs.

One such measure would be another round of aid to beleaguered state and local governments, which have seen their tax receipts plunge and which, unlike the federal government, can’t borrow to cover a temporary shortfall. More aid would help avoid both a drastic worsening of public services (especially education) and the elimination of hundreds of thousands of jobs.

Meanwhile, the federal government could provide jobs by ... providing jobs. It’s time for at least a small-scale version of the New Deal’s Works Progress Administration, one that would offer relatively low-paying (but much better than nothing) public-service employment. There would be accusations that the government was creating make-work jobs, but the W.P.A. left many solid achievements in its wake. And the key point is that direct public employment can create a lot of jobs at relatively low cost. In a proposal to be released today, the Economic Policy Institute, a progressive think tank, argues that spending $40 billion a year for three years on public-service employment would create a million jobs, which sounds about right.

Finally, we can offer businesses direct incentives for employment. It’s probably too late for a job-conserving program, like the highly successful subsidy Germany offered to employers who maintained their work forces. But employers could be encouraged to add workers as the economy expands. The Economic Policy Institute proposes a tax credit for employers who increase their payrolls, which is certainly worth trying.

All of this would cost money, probably several hundred billion dollars, and raise the budget deficit in the short run. But this has to be weighed against the high cost of inaction in the face of a social and economic emergency.

Later this week, President Obama will hold a “jobs summit.” Most of the people I talk to are cynical about the event, and expect the administration to offer no more than symbolic gestures. But it doesn’t have to be that way. Yes, we can create more jobs — and yes, we should.

By PAUL KRUGMAN

Published: November 29, 2009

Ejercicios Beginners 2nd year, Ejercicio 2

Ejercicios 2 Advanced

Pension and Mutual Funds in Lithuania. Conference. International School of Law and Business.

Mr. Taurimas Valys, expert in Pension and Mutual Funds in Lithuania, with many years of experience in the sector, and Ph. D. Candidate in Vilnius Univerity, gave a seminar in my classroom. After the lecture a questionnaire was distributed among the students. I want to thank you for the attendance. It will be rewarded in the final evaluation.

M.P

Pension and Mutual Funds in Lithuania. Seminar 09 11 25