This course develops an understanding of how markets coordinate the choices of consumers and firms. Specific topics include incentives, institutions, market structures, the conditions of production, the determination of prices and incomes, and the role of government.
This course is designed to equip students with a comprehensive understanding of fundamental accounting principles and practices. Students will master essential accounting vocabulary and concepts, enabling them to communicate accounting issues effectively. The curriculum covers the conceptual framework for Financial Reporting issued by the International Accounting Standards Board (IASB) and familiarizes students with Generally Accepted Accounting Principles (GAAP), Lithuania Business Accounting Standards (BAS), International Financial Reporting Standards (IFRS), and International Accounting Standards (IAS), with a primary focus on IFRS and IAS. Students will explore the interdependency of Financial, Managerial, and Tax accounting, and understand the various roles and functions within the accounting profession. The course emphasizes the importance of risk management and internal control, and provides practical knowledge on handling cash, petty cash, currency exchange, inventory, and the integration of accounting software within Information Systems (IS) and Information Technology (IT) used in companies. They should understand the structure, preparation, reading, comprehension, and interpretation of the Cash Flow statement. By the end of this course, students will be well-prepared to apply their accounting knowledge in real-world business scenarios, ensuring accurate and effective financial communication.
The course covers three main branches of statistics: descriptives statistics, probability theory, and inferential statistics. Descriptive statistics includes measures of location, measures of variability, dependence and correlation. Probability theory covers the fundamentals of random experiments, measures of probability, random variables and their distributions. Inferential statistics includes point and interval parameter estimation, hypothesis testing and simple linear regression. Applications to business, economics, and finance are presented throughout the course. Practical implementations in Microsoft Excel are also included, particularly in the inferential statistics section.
This course introduces students to major thematic elements which unify the New Testament and offers all readers a text for talking about the purpose and meaning of human life. Students will examine the text against the background of its historical context and in relation to contemporary issues.