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- On knowledge: To teach students to understand the basic theories about research methods in economics: Basic concepts, research process, research structure, main elements, contents o[r]

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RESEARCH METHODS IN ECONOMICS

(KTE02009)

H O N G O C N I N H , P H D

D E PA R T M E N T O F P L A N N I N G A N D I N V E S T M E N T

FA C U LT Y O F E C O N O M I C S A N D R U R A L D E V E L O P M E N T, V N U A

FACULTY OF ECONOMICS AND RURAL DEVELOPMENT - VNUA

Lecturer information:

Dr Ho Ngoc Ninh

Dept of Planning and Investment

Faculty of Economics and Rural Development Vietnam National University of Agriculture Email: hongocninh@gmail.com

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- On knowledge: To teach students to understand the basic theories about research methods in economics: Basic concepts, research process, research structure, main elements, contents of research; Understand and apply basic and professional research methods in the field of socio-economics and business management - On skills: To train students how to organize independent research and group research effectively; and use professional softwares in analyzing, evaluating information for conducting research

- On attitude and responsibility:To form activation and responsibility in activities, contents and research outcomes in the field of socio-economics and business management

References for the course

1. Research methods in economics lecture note Department of Planning and Investment, Faculty of Economics and Rural Development, Vietnam National University of Agriculture

2 Kothari, C.R (2004) Research Methodology: Methods and Techniques New Age International (P) Ltd., Publishers

3 Mark Saunders, Philip Lewis and Adrian Thornhill (2009) Research Methods for Bunisess Students, Pearson Education Limited, ISBN 978-0-273-71686-0, 573pp

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Website for lecture notes and assignments: https://hongocninh.weebly.com

Useful website

-Research Methods For Business Students (30 short videos, all students required to

watch) https://www.youtube.com/watch?v=KiiC92ynGfM&list=PLZDZwPWTxRm FHK1ak8xK1dRowlv1pm3tS

- Topic 5: Sampling: https://www.youtube.com/watch?v=Q_-Bts76TfI - Statistics Lecture 1.5: Sampling Techniques How to Develop a Random Sample https://www.youtube.com/watch?v=MfkJu7J1LE

- Topic 11: Qualitative Data Analysis https://www.youtube.com/watch?v=B-aIq_36MAQ

- Multidimensional poverty in Viet Nam: Reducing poverty in all its dimensions to ensure a good life for all

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Useful website

Secondary sources:

Google: http://scholar.google.com

Resources for Economists: http://www.rfe.org/

LexisNexis: http://www.lib.uconn.edu/ => “Most Used Databases” => “LexisNexis News” Primary sources: Working papers

◦ Research Papers in Economics (RePEc): http://ideas.repec.org (also has links to published journal articles)

◦ Social Science Research Network (SSRN): http://papers.ssrn.com

◦ National Bureau of Economic Research (NBER): http://www.nber.org/papers/ Facebook: Nhóm tải báo account

Introduction to research methods in economics

Chapter 1: Introduction to research methods in economics Chapter 2: Research Design

Chapter 3: Data Collection Methods Chapter 4: Data Processing and Analysis

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Chapter 1: Introduction to research methods in economics

Meaning of Research Objectives of Research Motivation in Research Types of Research Research Approaches Significance of Research

Research Methods versus Methodology

What is research ?

Research is something that people undertake in order to find out in systematic way, thereby increasing their

knowledge

Research = creation of knowledge

How to create knowledge

◦ Construct an argument

◦ Argument must be a position or point of view on a question ◦ Argument must be supported by evidence

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Why Do Research?

Summarizing what is known in a field

Contributing to knowledge on a topic

Solving a problem/puzzle

Weighing in on a debate

 More…

Motivation in research

What makes people to undertake research?

Desire to get a research degree along with its consequential benefits;

Desire to face the challenge in solving the unsolved problems, i.e., concern over practical problems initiates research;

Desire to get intellectual joy of doing some creative work; Desire to be of service to society;

Desire to get respectability

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13 TYPES OF RESEARCH

1) Descriptive vs Analytical

Descriptive research includes surveys and

fact-finding enquiries of different kinds The major purpose of descriptive research is description of the state of affairs as it exists at present

Analytical research, on the other hand, the researcher has to use facts or information

already available, and analyze these to make a critical evaluation of the material.

TYPES OF RESEARCH

Basic research vs Applied research

Intention

To expand general knowledge of

processes

To improve the understanding of particular problem

Result Universal principles Solution to a particular problem

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TYPES OF RESEARCH

3) Quantitative vs Qualitative

Quantitative research is based on the measurement of quantity or amount It is applicable to phenomena that can be expressed in terms of quantity

Qualitative research, on the other hand, is concerned with qualitative phenomenon, i.e., phenomena relating to or involving quality or kind

TYPES OF RESEARCH

4) Conceptual vs Empirical

Conceptual research is that related to some

abstract idea(s) or theory It is generally used by philosophers and thinkers to develop new concepts or to reinterpret existing ones

Empirical research relies on experience or

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Research Approaches

There are two basic approaches to research, viz., quantitative approach

and thequalitative approach

1 Quantitative approach involves the generation of data in quantitative form which can be subjected to rigorous quantitative analysis in a formal and rigid fashion This approach can be further sub-classified intoinferential,experimentalandsimulation approachesto research

2. Qualitative approach to research is concerned with subjective assessment of attitudes, opinions and behaviour Research in such a situation is a function of researcher’s insights and impressions

Research Methods versus Methodology

1) Research methods may be understood as all those methods/techniques that are used for conduction of research. Research methods or techniques, thus, refer to the methods the researchers use in performing research operations.

Research techniques refer to the behaviour and instruments we use in performing research operations such as making observations, recording data, techniques of processing data and the like

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Research Methods versus Methodology

Research methodology

1) Research methodology is a way to systematically solve the research problem

2) It may be understood as a science of studying how research is done scientifically In it we study the various steps that are generally adopted by a researcher in studying his research problem along with the logic behind them

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1. Good research is systematic

It means that research is structured with specified steps to be taken in a specified sequence in accordance with the well defined set of rules

Systematic characteristic of the research does not rule out creative thinking but it certainly does reject the use of guessing and intuition in arriving at conclusions

2. Good research is logical

This implies that research is guided by the rules of logical reasoning and the logical process of induction and deduction are of great value in carrying out research

3. Good research is empirical

It implies that research is related basically to one or more aspects of a real situation and deals with concrete data that provides a basis for external validity to research results

4. Good research is replicable

This characteristic allows research results to be verified by replicating the study and thereby building a sound basis for decisions

Criteria of good research

Reading Exercise

All students have to read chapter of the reference:

Kothari, C.R (2004) Research Methodology: Methods and Techniques New Age International (P) Ltd., Publishers

https://hongocninh.weebly.com/references.html

All students have to watch movies 1.1-1.3 of the reference “Research Methods For Business Students” from youtube.com:

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