Importance The peer-reviewed textbook by N.P. Lyubushin and N.E. Babicheva "Economics of the organization" is considered in terms of its contribution to the economic science in general and its relevance in the teaching process of higher educational institutions. Objectives The purposes of the article are to overview the contents of the textbook, to consider methodological approaches to the presentation of the material, to give an adequate assessment of the textbook from the perspective of teaching of such disciplines as Economics, Management, and of its compliance with the Federal State Education Standard of Higher Education of a new generation (FSES of HE 3+). Methods The research methodology draws upon the dialectical method of cognition, which is based on systems and integrated approaches. Results The article highlights fundamental differences of the authors' approach to writing the textbook. In particular, unlike most of textbooks and manuals on economics of the organization, it combines theoretical tenets with streamlined computation algorithms. The textbook is illustrated with graphical materials and statistical data that complement the text. Furthermore, it is well structured, the material is presented from the general to the special, thus allowing the readers to specify economic problems as they proceed to next section. Conclusions The textbook is written in plain language, it complies with the FSES of HE 3+ requirements. The authors' approach to theory presentation facilitates the students' assimilation of the training material and expands their interests. This will help avoid the dogmatic perception of economic operations and be prepared for practical activities.
Keywords: economics, entity, socio-economic process