The authors proceed from the fact that while teaching the management psychology to students which are
already familiar with the institutional economics foundations, it is useful to give them information enable to
draw parallels between these two academic disciplines that will help the students become more familiar not
only with each of these academic disciplines, but also more vividly present themselves problems emerging in
management. In this paper a comparison of typical cases from the management psychology and institutional
economics is carrying out on the example of managerial conflicts.
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