2_Introduction_Part_1 - ECO 4451 Student Lecture Notes 1...

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ECO 4451 Student Lecture Notes 1 Research Methods in Economics Research Methods in Economics ECO 4451 Research Methods in Economics Introduction Part 1 What Is Research? ± Stating a question & seeking its answer ± Confirming an answer already known by others ± Synthesizing existing knowledge to develop an answer independently ± Discovering new knowledge 3 Your Research Project ± Assignment is to conduct an independent analysis that seeks to answer a research question . ± What does this mean? 4 What’s a Research Question? ± A good research question has several characteristics, but fundamentally it is ± A question, the answer to which is unknown or in doubt. 5 What’s an Independent Analysis? ± You. . . ± collect information or data needed to answer the research question. ± apply a method of analysis that would reasonably be expected to generate an answer based on the be expected to generate an answer based on the information. ± evaluate the information ± weigh the evidence ± consider the quality or uncertainty of the evidence ± draw conclusions supported by your analysis 6
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ECO 4451 Student Lecture Notes 2 Research Methods in Economics Conducting an Independent Analysis ± The simplest way to conduct an independent analysis ± choose a research question that lends itself to a statistical test of a hypothesis. ± Less quantitative approaches make it harder to ± Credibly demonstrate independence of work ± Reach clear conclusions 7 Research Questions ± A good research question… ± Is interesting and/or important from an economic perspective ± Is clearly stated ± Has a logical rationale & is tied to economic theory ± Is doable but not trivial 8 Research Answers ± Research answers should… ± Be clearly stated ± Supported by the analysis conducted ± Be “generalizable” ± Be put in context ± Have implications or generate new questions 9 From Questions to Answers: The Research Process ± Good research… ± Is incremental ± Is ethical ± Can be replicated ± Employs appropriate design & analysis 10 Where Do Research Questions Come From? ± Provided by a “client” ± someone hired you b ± boss ± organization you work with ± Generated by researcher 11 Finding a Research Question ± Start with a general area of interest ± What interests you?
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2_Introduction_Part_1 - ECO 4451 Student Lecture Notes 1...

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