research methods in economicskte02009

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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:

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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:

Useful website

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

watch). />FHK1ak8xK1dRowlv1pm3tS

- Topic 5: Sampling: />- Statistics Lecture 1.5: Sampling Techniques. How to Develop a Random 
Sample. />

- Topic 11: Qualitative Data Analysis.

/>

- 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:

Resources for Economists: />

LexisNexis: => “Most Used Databases” => “LexisNexis News”
Primary sources: Working papers

◦ Research Papers in Economics (RePEc): (also has links to
published journal articles)

◦ Social Science Research Network (SSRN):

◦ National Bureau of Economic Research (NBER): />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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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 1 of the reference:

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

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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research methods in economicskte02009