Economics is a social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants.

The methodology of economics involves the use of various tools and techniques to analyze economic phenomena. These include theoretical models, empirical research, and statistical analysis.

Neoclassical economics is a dominant school of thought within economics. It is based on the assumption that individuals are rational and make decisions to maximize their utility or satisfaction.

Neoclassical economists use mathematical models to analyze economic behavior and market outcomes. They focus on the interaction of supply and demand in determining prices and quantities in competitive markets.

The methodology of neoclassical economics has been criticized for its assumptions and simplifications. Some argue that it忽视了the role of institutions, social norms, and power in shaping economic behavior.

Despite these criticisms, neoclassical economics remains an important and influential approach in economics. It has provided valuable insights into many economic issues and has informed policy decisions at both the national and international levels.