Course on Economics “Realistic Economic Analysis”

LFMI’s annual week-long seminar on Austrian economics is going to take place in Vilnius, Lithuania from November 17th to 20th, 2010.
We encourage anyone interested in liberty and Austrian economics to join us in this event.
Travel grant
The submission of applications is finished. Thank you for applications.
We will cover your stay in Vilnius and provide travel grants to cover travel-related costs (rail/bus/flight ticket, visa, travel insurance).
The travel grants:
–          For those travelling from Latvia- up to 50 Euro;
–          For those travelling from Belarus – up to 100 Euro;
–          For those travelling from Estonia, Poland – up to 150 Euro;
–          For those travelling from other countries – up to 200 Euro.
ISM University of Management and Economics (Aušros Vartų str. 7A Vilnius, Lithuania)
Course schedule
Wednesday, November 17
17.00 Concept, development, and role of private property (Dr. Remigijus Šimašius)
18.45 How market works: value, pricing, arbitrage. (Dr. Jörg Guido Hülsmann)
Thursday, November 18
09:00 – 11:15 Role of economist in public policy (Giedrius Kadziauskas)
11:30 – 14:00 Role of individual in public policy: grassroots free-market advocacy (Mark Wallace)
17.00 Causes of wealth: division of labor, capital accumulation, innovation. (Dr. Jörg Guido Hülsmann)
18.45 Capital and interest: wealth creation in monetary economy. (Dr. Jörg Guido Hülsmann)
Friday, November 19
09:00 – 11:00 Policy advocacy case study: reducing government spending (Kalev Kallemets)
11:15 – 13:00 Policy advocacy case study: reforming state social security (Kaetana Leontjeva)
16.00 Theory of money and economic calculation. Banking. (Rūta Vainienė)
17.45 Theory of business cycles. (prof. Josef Šíma)
19:30 Types of government intervention: ownership, regulations, taxes. (prof. Josef Šíma)
Saturday, November 20
10.00 Public goods and externalities. (Prof. Josef Šíma)
11.45 Competition and monopoly. (Dr. Remigijus Šimašius)
14.15 Role of economist in society. (Prof. Josef Šíma)
16.00 Evaluation of participants. Final discussion.