Quantitative Economics

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Conducting research is an exciting process because you have an opportunity to build upon your previous knowledge and create something new. Building something new usually requires tools, and the type of most useful tools depends on what it is that you are constructing. Creating new knowledge in economics typically uses some of the following tools:

• An economic model to simplify reality and understand the relationships between economic variables
• A set of data to understand what is happening in the "real world"
• Graphs or more sophisticated analyses of real-world data
• A method of organizing your ideas as you conduct your research

For an in-depth guide to carrying out economic research, please refer to Greenlaw's (2006) book: Greenlaw, Steven A. 2006. Doing Economics: A Guide to Understanding and Carrying Out Economic Research. Boston: Houghton Mifflin Company.

As you conduct your research, a graphic organizer is a terrific tool for organizing your ideas and revealing how concepts relate to one another. Use the link below to download free concept mapping software designed by the Institute for Human and Machine Cognition (IHMC). https://cmap.ihmc.us/.