science

Vladas Jurgutis Award

Vladas Jurgutis Award is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Vladas Jurgutis Award rather than just read about it. In short: Vladas Jurgutis Award is an economic award, once a year granted by the Bank of Lithuania and Lithuanian Academy of Sciences. The aim of the Award is to encourage scientific activities in the area of research on Lithuania's banking, finance, money and macroeconomics.

Key takeaways

Vladas Jurgutis Award belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Vladas Jurgutis Award to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Vladas Jurgutis Award from memory before moving on to harder problems.

Reference excerpt

Vladas Jurgutis Award is an economic award, once a year granted by the Bank of Lithuania and Lithuanian Academy of Sciences. The aim of the Award is to encourage scientific activities in the area of research on Lithuania's banking, finance, money and macroeconomics. Award named after the father of Lithuanian Litas, Vladas Jurgutis.

History The Bank of Lithuania established Vladas Jurgutis Award in 1997 to perpetuate the merits of academic, professor and the first Governor of the Bank of Lithuania Vladas Jurgutis, also unofficially considered to be the "father of the Lithuanian litas." Since 2008, after signing a co-operation agreement, the Award is being granted by the Bank of Lithuania and Lithuanian Academy of Sciences.

The Award The Award in the amount of LTL 50 000 (approx 14 480 €) is granted for significant works (published scientific articles, theses, monographs, textbooks, etc.) in the areas of Lithuanian economy and banking research. Applications for Vladas Jurgutis Award are accepted every year until 1 September. Candidates could be both Lithuanian and foreign scientists, students, researchers and specialists. When nominating a candidate for the Award, the following should be submitted to the Bank of Lithuania:

recommendation of the natural or legal person that nominates the candidate; description of candidate's life and scientific activity, and list of works; works of the candidate for which he/she is nominated for the Award, reviews of the works submitted and feedback on them.

Winners 1997: Alfonsas Žilėnas for influential works in the fields of banking and finance 1998: Stasys Sajauskas and Dominykas Kaubrys for their work Numismatics of the Grand Duchy of Lithuania 1999: Vladas Terleckas for his books and articles published from 1995 to 1999 on the history of Lithuanian banking 2008: Arūnas Dulkys, Juozas Galkus and Stanislovas Sajauskas for their work Lithuanian Coins 2010: Antanas Tyla for The Treasury of the Grand Duchy of Lithuania During Twenty Years of War 1648–1667 and economist Vytautas Valvonis for his work carried out over the last five years in the field of banking, particularly credit risk management, also for the practical benefits in improving risk management in banks, enhancing the soundness of banking operations 2012: Vladas Terleckas for his monograph Banking in Lithuania 1795–1915 2015: Gediminas Vaskela for his monograph National Aspects in Lithuania’s Economic Policy, 1919–1940 Since 2018 the award is 10,000 EUR and is awarded annually during the Annual Meeting of the Baltic Economic Association 2018: Agnė Kajackaitė, Uri Gneezis and Joel Sobel for collective work Lying Aversion and the Size of the Lie, American Economic Review, 108(2), 419-453 2019: Matthias Weber and Arthur Scharm for collective work The Non-Equivalence of Labor Market Taxes: A Real-Effort Experiment, Economic Journal, 127(604):2187–2215.

Illustrations

Vladas Jurgutis Award: Award named in honoring Vladas Jurgutis — Award named in honoring Vladas Jurgutis

Worked examples

Example 1 — a first encounter with Vladas Jurgutis Award

Start with the simplest possible case. Write down what Vladas Jurgutis Award claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Vladas Jurgutis Award before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Vladas Jurgutis Award ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Vladas Jurgutis Award

In research: Vladas Jurgutis Award appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Vladas Jurgutis Award in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Vladas Jurgutis Award is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1997 establishments in Lithuania, Economics awards, Lithuanian awards, so understanding it makes those chapters shorter.
In everyday life: Look for Vladas Jurgutis Award outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Vladas Jurgutis Award in 20 minutes

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Frequently asked questions

What is Vladas Jurgutis Award in simple terms?

Why does Vladas Jurgutis Award matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Vladas Jurgutis Award?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Vladas Jurgutis Award.