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Scholasticity in Micro-economics: is Elimination Possible?

Author

Listed:
  • Khmel Sergey N.

    () (National Aerospace University "Kharkiv Aviation Institute" named after M. Ye. Zhukovskiy)

  • Khmel Valentina I.

    () (National Aerospace University "Kharkiv Aviation Institute" named after M. Ye. Zhukovskiy)

  • Lyubushkina Irina A.

    (National Aerospace University "Kharkiv Aviation Institute" named after M. Ye. Zhukovskiy)

Abstract

The article conducts analysis of main provisions of the modern training course of micro-economics from the point of view of a possibility of their practical use in the process of economic activity. It shows scholasticity of marginalistic methods of identification of a rational customer choice and optimal number of production resources used by a firm. It considers and assesses possibilities of overcoming the said shortcoming by means of specification of some categories and practical adaptation of the indicator, which characterises efficiency of production resources. It draws and justifies the conclusion that efforts of elimination of manifestations of scholasticity in the modern micro-economics, based on marginalistic concept of economic analysis, cannot deliver the desired output.

Suggested Citation

  • Khmel Sergey N. & Khmel Valentina I. & Lyubushkina Irina A., 2013. "Scholasticity in Micro-economics: is Elimination Possible?," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 5, pages 67-72.
  • Handle: RePEc:idp:bizinf:y:2013:i:5:p:67_72
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    References listed on IDEAS

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    1. Manthos D. Delis & K. Christos Staikouras & Panagiotis T. Varlagas, 2008. "On the Measurement of Market Power in the Banking Industry," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 35(7-8), pages 1023-1047.
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