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Financial Analytics: Science and Experience
 

Foundation of theory plus the algorithm for calculating: A review of the manual on Corporate Economics by N.P. Lyubushin and N.E. Babicheva

Vol. 9, Iss. 23, JUNE 2016

PDF  Article PDF Version

Received: 30 May 2016

Received in revised form: 13 June 2016

Accepted: 20 June 2016

Available online: 29 June 2016

Subject Heading: BOOK REVIEW

JEL Classification: M21

Pages: 60-62

Treshchevskii Yu.I. Voronezh State University, Voronezh, Russian Federation
utreshevski@yandex.ru

Importance In this article, I review the manual on Corporate Economics by Nikolai P. Lyubushin and Nadezhda E. Babicheva in terms of its contribution to economics as a whole and its relevance for educational purposes in higher school.
Objectives This article overviews the contents of the manual, examines methodological approaches to narrating the material. The article also provides an adequate evaluation of the manual in terms of training in Economics, Management and its compliance with educational programs of the Federal State standards of higher education of the third generation (FGOS VO 3+).
Methods The methodology relies upon a dialectical method based on systems and comprehensive approaches.
Results I found what critically distinguished the authors' approach to the manual. They combined fundamental theoretical clauses with exact algorithms of computations, as opposed to most manuals and guides on corporate economics. The manual is permeated with graphical materials and statistical data that effectively supplement the text. The narration descends from general to specific aspects, thus allowing to specify economic issues in subsequent sections.
Conclusions and Relevance The language of the manual is legible and understandable, complying with FGOS VO 3+ and being acceptable for students' training. The authors' approach to the theory narration helps to understand and master the material and expand students' views, thus avoiding imperative perception of economy and prepare students for future work in this area.

Keywords: economy, organization, socio-economic process

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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