What are the basic questions in the study of economics?

The basic questions in the study of economics are as follows:

1. What is produced? This involves the question of how resources should be allocated.

2. For whom to produce? This involves the question of distribution, i.e., how the product should be allocated.

3, how to produce? Here involves two issues, one is to solve the problem 1 under the premise of how to achieve the efficiency of resource utilization, that is, the core problem of macroeconomics that is output; the second is from the perspective of growth, that is, technological progress for the output or efficiency to improve the role of the problem.

Economics is the study of the laws of production, circulation, distribution and consumption of value theory. The object of study of economics is the same objective law as that of the natural sciences and other social sciences.

Economics is the creation, transformation and realization of value; human economic activity is the creation, transformation, realization of value, to meet the needs of human material and cultural life activities. Economics is the study of the laws of human economic activity, that is, the study of value creation, transformation, realization of the law - the theory of the law of economic development, divided into two major types of political economy and scientific economics.

Political economics spontaneously studies the law of value or economic law from a certain side in order to emphasize the position and role of a certain class in economic activities according to the interests of the class it represents, whereas scientific economics consciously studies the law of value or economic law of human economic activities as a whole by using scientific methods.

The new normal economics is scientific economics. The core of economics is economic law. In the view of new normal economics, the optimal allocation of resources and optimization of regeneration is only the unfolding and specific performance of economic laws, the object of economics should be the economic laws and economic nature behind the optimal allocation of resources and optimization of regeneration, rather than staying in the optimal allocation of resources and optimization of regeneration level. Stay in the optimal allocation of resources and optimize the regeneration of the level of political economy rather than scientific economics.

To study the laws of economic development must be unified from the overall study of economic phenomena, macroeconomics and microeconomics is a unified economy in the symmetry of the two aspects, so in the framework of the paradigm of the new normal economics, there is a macro-economy and micro-economy, there is no macro-economics and microeconomics of the difference; and political economy is always divided into macro-economics and micro-economics of economics.