Economics is the nexus and engine that runs society, affecting societal well-being, raising living standards when economies prosper or lowering expectations when economies perform poorly. Our society only has to witness the booms and busts of the past decade to see how economics profoundly affects the cores of societies around the world. From a household budget to international trade, economics ranges from the micro- to the macro-level. Economics is everywhere, be it legislature, sport, or personal relations. One cannot fully understand cultural patterns, environmental issues or wars among states without taking note of economic factors affecting actors of the phenomena under investigation. Therefore economic views on social, political, legal and other issues are important ingredients in many of the research projects carried out by VILIAS.

Lithuania is an interesting case for economics in itself. The country has spent 50 years under the plan economy, has gone through the era of Wild Wild East capitalism only a quarter of a century ago and still has managed to become one of the most thriving economies in the EU. The forces that have turned rural economy of Lithuania into the Baltic Tiger with strong innovative sectors of biotechnology and laser industry, most rapid internet connection in Europe and the prime transport center in the region are worth researching. The ways the country has sustained the Russian financial crisis of 1998, the Global financial crisis of 2009 and is dealing with the economic issues caused by the breaking down of economic relations among the Western states and Russia is a valuable object of research also.

Mathematically perfected economics give a clear and precise picture of the world around us. However one has to admit that for most of the time people and companies according to the rational choice. Even when they're logical, a lot of mankind's economic decisions are driven by emotions rather than facts. Thus management science is necessary for understanding how to apply economic knowledge in real life situations and how to react to the changes that interrupt detailed schemes of business drawn. Management studies cannot rest on economic knowledge only. Life manifests itself in feelings and emotions, stereotyped opinions and strokes of genius, cultural patterns and power relationships. Therefore management studies should encompass knowledge coming from many different fields. Interdisciplinary collaboration developed at Vilnius Institute for Advanced Studies is just the right kind to provide management studies with required sociological, psychological, legal or anthropological knowledge at hand.

Innovative Competencies
of Leading

Organizational Behavior

Investment Strategies

Theoretical Economics 

Business Dynamics

Systems Thinking

Chaos and Complexity Theories

Social Media Marketing