Topics of written papers (2012 m. autumn semester, Economics / Economics 1) 1. 2. 3. 4. 5. Types of economic systems and their development factors.

Market and its performance: Main elements and functions. Theory of elasticity of demand and supply. Examples of practical application of elasticity. Theories of total utility and marginal utility. Paradox of value. Production costs in the short and the long run. Alternative costs.

6. Advantages and disadvantages of the perfect competition market model. 7. The structure of a monopoly market. Anti-monopoly policy in Lithuania.
The structure of oligopolistic market. Behaviour of a firm in an oligopolistic market. 8. Analysis of national product indicators in Lithuania during the period of 2005 2011. 9. Comparative analysis of national product indicators in Lithuania and the EU during the period of 2006 2011. 10. The main calculation methods of GDP and their peculiarities. Analysis of GDP indicators in Lithuania. 11. The calculation of real and nominal national product. Comparative analysis of GDP indicators in Lithuania and the EU. 12. The analysis of changes in income and consumption expenditures of households in Lithuania in 2007 2011.

13. Personal income and income differentiation indicators in Lithuania and the EU in 2008 2011.
14. Analysis of wage indicators in Lithuania in 2005 2011. 15. Comparative analysis of wage indicators in Lithuania and the EU in 2008 2011. 16. Business cycles. Main types of recession.

17. Labour market flexibility in Lithuania: The concept, development and main indicators.
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. Economic inequality in Lithuania and the EU in 2008 2011 Comparative analysis of poverty indicators in Lithuania and the EU in 2008 2011. Poverty measurement and ways of poverty alleviation in Lithuania. Lithuanian banking system and its main features. Analysis of the situation in the labour market in Lithuania in 2008 2011. Changes in employment under conditions of the globalisation of world economy. Effects of economic globalisation on the labour market. Comparative analysis of the labour market situation in Lithuania and the EU in 2008 2011. Types of unemployment. Policies to reduce unemployment in Lithuania and the EU. Application of active labour market policy measures to reduce unemployment in Lithuania. Fiscal policy in Lithuania. State budget policies during economic boom and recession. Lithuanian tax system and its main features.

29. Commercial banks in Lithuania and their operating principles.

30. Inflation and anti-inflationary means in Lithuania. 31. Analysis of economic growth factors (labour productivity, consumption, foreign direct investment) in Lithuania and the EU in 2008 2011. 32. Economic globalisation: concept, features, main advantages and disadvantages. 33. International migration in Lithuania in 2005 2011. Main consequences of international emigration from Lithuania. 34. Causes of the world economic crisis (2008) and social consequences in Lithuania.

Recommended reading:

1. Black J. A Dictionary of Economics. Fourth edition. Oxford University Press, 2011. 480 p.
2. Dasgupta P. Economics: A Very Short Introduction. Oxford University Press, 2011. 192 p. 3. Davulis G. Economics. Text Book. Vilnius: Mykolas Romeris University, 2005. 132 p.

4. Galbraith J. K. Inequality and Instability. A Study of the World Economy Just before the Great
Crisis. Oxford University Press, 2012. 336 p. 5. Gillespie A. Foundations of Economics. Second edition. Oxford University Press, 2011. 592 p. 6. King D. Economics. Oxford University Press, 2011. 704 p.

7. Lipsey R., Chrystal A. Economics. Twelfth edition. Oxford University Press, 2011. 704 p.
8. 9. 10. 11. Samuelson P.A, Nordhouse W.D. Economics. Sixteenth edition. McGraw Hill, 1998. Wonnacott P., Wonnacott R. Macroeconomics. Fourth edition. McGraw Hill, 1990. Van Marrewijk Ch. International Economics. Second edition. Oxford University Press, 2012. 704 p. Wonnacott P., Wonnacott R. Microeconomics. Fourth edition. John Wiley and Sons, Inc., 1990.

Useful Internet links: http://www.stat.gov.lt/ http://www.socmin.lt/ http://www.ukmin.lt/lt/ http://www.finmin.lt/ http://www.lb.lt/ http://epp.eurostat.ec.europa.eu http://www.economist.com/ http://www.imf.org/external/index.htm

dr. R. Zabarauskait Faculty of Business Management Department of Social Economics and Management Vilnius Gediminas Technical University