Podcast
Questions and Answers
What is the primary purpose of conducting research in economics?
What is the primary purpose of conducting research in economics?
Which step is NOT part of the research process in economics?
Which step is NOT part of the research process in economics?
What should a literature review primarily accomplish?
What should a literature review primarily accomplish?
In the structure of a final paper, which section comes after the Literature Review?
In the structure of a final paper, which section comes after the Literature Review?
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Which of the following best describes a research hypothesis?
Which of the following best describes a research hypothesis?
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What aspect should a theoretical framework address in a research paper?
What aspect should a theoretical framework address in a research paper?
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In a research paper, which component is emphasized in the Empirical Analysis section?
In a research paper, which component is emphasized in the Empirical Analysis section?
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What is the critical first step when beginning effective research?
What is the critical first step when beginning effective research?
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What is a key characteristic of a literature review?
What is a key characteristic of a literature review?
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Which of the following is NOT a purpose of a literature review?
Which of the following is NOT a purpose of a literature review?
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What is the first step in starting a literature review?
What is the first step in starting a literature review?
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When organizing sources before writing a literature review, which aspect is crucial to consider?
When organizing sources before writing a literature review, which aspect is crucial to consider?
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Which of these describes a type of literature review commonly found in the social sciences?
Which of these describes a type of literature review commonly found in the social sciences?
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Study Notes
Research Methods in Economics
- Economics research involves creating knowledge through structured arguments supported by evidence and contrasting perspectives.
- Key steps in a research process include formulating a question, reviewing existing literature, defining the issue, testing hypotheses, analyzing and interpreting outcomes and communicating findings.
- Effective research starts with identifying a topic; defining a concise question; and a hypothesis suggesting an answer.
- A broad topic area and extensive literature review are crucial for discovering existing research, identifying gaps, highlighting contradictions, and selecting a focused research question.
- Economic research articles should clearly state their research question, distinguish it from other similar research, explicitly discuss weaknesses and suggest areas for future study in the conclusion.
Structure of a Research Paper
- Research papers typically have an introduction, literature review, theoretical framework, empirical analysis, conclusions, appendix, and references
Introduction (Structure specifics)
- Define the general topic
- Summarize past research and identify any gaps in prior knowledge
- State the research question
- Outline the methodology to answer the research question
- Briefly outline the order of topics in the remaining sections
Literature Review & Hypothesis
- A literature review analyzes existing research to understand previous findings for the particular research topic.
- Organize each paragraph in the literature review by topic in terms of studies or themes.
- Summarize the knowledge gaps.
- Outline the researcher's own hypothesis.
Theoretical Framework
- Describe the underpinnings and core concepts supporting the empirical analysis.
- Build upon the mainstream/dominant concepts, and when possible, develop original concepts for analysis.
Empirical Analysis
- Descriptive statistical analysis
- Analysis before and after specific events/policies
- Regression analysis
- Case studies
- Forecasting
Conclusion
- Restate the research question/hypothesis
- Summarize the empirical findings
- Evaluate if the results support or refute the hypothesis
- Highlight weaknesses and suggest further areas of study.
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Description
This quiz explores the essential steps and structures involved in conducting economic research. It covers topic identification, literature reviews, hypothesis testing, and the organization of research papers. Test your understanding of how to formulate research questions and analyze findings effectively.
