Research Methodology in Applied Economics

We do a better job of teaching theory and tools than ……… teaching their use……… Students need more training in the relevance and application of the tools.

Research methodology provides the principles for organizing, planning, designing, and conducting research.

The central reason for studying research methodology is that it provides a time-tested, proven means of producing new, reliable knowledge.

Economic research methodology is, in a sense, science and art of　economics rolled together, with its goal being to both expand our knowledge and make the knowledge relevant the contemporary world.

planning and design the　research

implementing and completing the analysis

disseminating the results of the research

Discovery

- deals with formulating, finding, and creating newknowledge or information

- alternative avenues of exploration and the like requiring questioning, probing, pursuing a creative process

an art side of discipline

Confirmation

- deals with discerning the　validity or reliability of

knowledge or information

- the “science” side of discipline