Test methodology in economics applies the scientific line to the most quantitative of the social sciences. Economists appliance heterogeneous mathematical and statistical techniques to analyse economic trial questions and rely on empirical evidence to benefit economic theories. The theories with the strongest empirical facilitate stand the dry run of bout.
Identification
Proof methodology in economics resources using the scientific disposition to enquire and analyse economic phenomena. Probation adds to the intent of education in economics and other disciplines. An befitting test methodology starts with a enigma or catechism, then constructs an dialogue that stakes a position or articulates a Argument.
Early Steps
Economic probation methodology starts with developing an efficacious trial subject. To cause this, a researcher looks at a typical topic, then examines the economic check literature, usually in peer-reviewed economics journals, to find out what has been done in this area. While examining the literature, economists pay particular attention to unanswered questions or contradictions in what they find. Gaps or competing arguments in previous studies often give economists their own research questions to enquire.
Data Collection and Analysis
After stating a research question, economists then decide on a method of data collection and analysis. Economists often use complex mathematical equations, involving in-depth statistical data, to study economic questions. For instance, an economist may be interested in the effects of capital gains taxes on trading in the financial markets. Such a question would involve analysis of extensive data sets, perhaps from the U.S.Following data analysis, economists restate their research question, then present their findings and conclusions. A sound methodology requires not only a summary of the findings, but acknowledgement of any weaknesses in the study or the analytical methods. A strong research methodology also involves identifying areas for future research.
Securities and Exchange Commission, which regulates the financial markets.Favored analytical techniques among economists include descriptive statistics, regression analysis and forecasting. The latter uses advanced statistical techniques to foretell future economic conditions.
Conclusions
Organization
Economists generally present their research in the form of a paper. Most papers are organized in the following manner: an introduction of the research topic, followed by a review of the literature that summarizes previous research in this area. The paper should then state the research question and articulate the specific methods the researcher will use to enquire. This leads to the data analysis and discussion sections, followed by a conclusions section that restates the research question and summarizes the findings.
