Scholasticity in Micro-economics: is Elimination Possible?

Khmel Sergey N. (), Khmel Valentina I. () and Lyubushkina Irina A.
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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

Business Inform, 2013, issue 5, 67_72

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.

Keywords: micro-economy; marginalism; economic scholasticity; methods of micro-economic analysis (search for similar items in EconPapers)
Date: 2013
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