Research Methods in Economics

Research Methods in Economics

1 Research Methodology- Conceptual Foundation

  1. Research Methodology and its Constituents
  2. Theoretical Perspectives
  3. Approaches to Social Enquiry
  4. Research Strategies
  5. Research Process
  6. Hypothesis: Its Types and Sources
  7. The Nature, Sources and Types of Data
  8. Measurement Scales of Variables

2 Approaches to Scientific Knowledge- Positivism and Post Positivism

  1. Positivist Philosophy of Science
  2. Attack on Positivist Philosophy of Science
  3. Karl Popperโ€™s Philosophy of Science
  4. Criticism against Karl Popperโ€™s Philosophy of Science
  5. Thomas Kuhnโ€™s Philosophy of Science
  6. Popper Versus Kuhn

3 Models of Scientific Explanation

  1. Unified View of Rules of Positivism
  2. Search for the Criterion of Cognitive Significance
  3. Rules of Logic or Rules of Correct Reasoning
  4. Hypothetico-Deductive Model
  5. Covering-Law Models
  6. Critical Appraisal of Covering-Law Models
  7. Explanation in Non-Physical Sciences

4 Debates on Models of Explanation in Economics

  1. Classical Political Economy and Ricardoโ€™s Method
  2. Robbins, Positivism and Apriorism in Economics
  3. Hutchison and Logical Empiricism in Economics
  4. Milton Friedman and Instrumentalism in Economics
  5. Paul Samuelson and Operationalism
  6. Theory โ€“ Assumptions Debate in Economics: A Long View
  7. Amartya Sen on Heterogeneity of Explanation in Economics

5 Foundations of Qualitative Research- Interpretativism and Critical Theory Paradigm

  1. Interpretive Paradigm
  2. Critical Theory Paradigm
  3. Applications in Research: Illustrative Cases

6 Research Design and Mixed Methods Research

  1. Types of Research
  2. Research Design
  3. Research Design vs. Research Methods
  4. Research Methods
  5. The Rationale for Mixed Methods Research
  6. Forms of Mixed Methods Research Designs
  7. Case Studies of Mixed Methods Research Design

7 Data Collection and Sampling Design

  1. Method of Data Collection
  2. Tools of Data Collection
  3. Sampling Design
  4. Non-Random Sampling
  5. Random or Probability Sampling
  6. Methods of Random Sampling
  7. The Choice of an Appropriate Sampling Method

8 Measurement and Scaling Techniques

  1. Concept of Measurement
  2. Measurement Issues in Research
  3. Scales of Measurement
  4. Criteria for Good Measurement
  5. Errors in Measurements
  6. Scaling Techniques
  7. Comparative Scaling Techniques
  8. Non-Comparative Scaling Techniques

9 Two Variable Regression Models

  1. The Issue of Linearity
  2. The Non-deterministic Nature of Regression Model
  3. Population Regression Function
  4. Sample Regression Function
  5. Estimation of Sample Regression Function
  6. Goodness of Fit
  7. Functional Forms of Regression Model
  8. Classical Normal Regression Model
  9. Hypothesis Testing

10 Multivariable Regression Models

  1. Regression Model with Two Explanatory Variables
  2. Interpretation of Regression Coefficients
  3. Inclusion and Exclusion of Variables
  4. Generalisation to n-explainatory Variables
  5. Problem of Multi-co-linearity
  6. Problem of Hetero-scedasticity
  7. Problem of Autocorrelation
  8. Maximum Likelihood Estimations

11 Measures of Inequality

  1. Positive Measures
  2. Gini Index
  3. Lorenz Curve
  4. Normative Measures

12 Construction of Composite Index in Social Sciences

  1. Composite Index: The Concept
  2. Steps in Constructing Composite Index
  3. Dealing with Missing Values and Outliers
  4. Methods to Construct Composite Index
  5. Principal Component Analysis (PCA)
  6. Merits and Limitations of Composite Index

13 Multivariate Analysis- Factor Analysis

  1. Factor Analysis: Concept and Meaning
  2. Historical Background of Factor Analysis
  3. The Orthogonal Factor Model
  4. Communalities
  5. Methods of Estimation
  6. Factor Rotation
  7. Oblique Rotation
  8. Factor Scores
  9. Methods for Estimation of Factor Scores

14 Canonical Correlation Analysis

  1. Canonical Correlation Analysis (CCA): Concept and Meaning
  2. Assumptions of Canonical Correlation
  3. Canonical Correlation Analysis as Generalization of the Multiple Regression Analysis
  4. Steps and Procedure Involved in Computation of CCA Results
  5. Illustration of CCA
  6. Interpretation of CCA Results
  7. Limitations of Canonical Correlation

15 Cluster Analysis

  1. Cluster Analysis: Concept and Meaning
  2. Steps and Algorithm Involved in Cluster Analysis
  3. Methods of Cluster Analysis
  4. Partitioning Cluster Methods
  5. Hierarchical Cluster Methods
  6. Other Approaches: Two-step Cluster Analysis
  7. Interpretation of the Results

16 Correspondence Analysis

  1. Correspondence Analysis: Concept and Its Features
  2. Steps and Algorithm Involved in Correspondence Analysis Technique
  3. Basic Concepts and Definitions
  4. Reduction of Dimensionality
  5. Biplots
  6. Interpretation of the Results of Correspondence Analysis
  7. Multiple Correspondence Analysis

17 Structural Equation Modeling

  1. History of Structural Equation Modelling (SEM)
  2. Why do we Conduct Structural Equation Modelling?
  3. Assumptions of SEM
  4. Concepts and Terminology used in SEM
  5. SEM Models Specification
  6. Steps in SEM
  7. Software Programs for SEM
  8. Advantages and Disadvantages of SEM

18 Participatory Method

  1. What is Participatory Research?
  2. Methods of Participatory Research: Observation Method
  3. Focused Interview
  4. Oral Histories
  5. Life History
  6. Case Study Method
  7. Narratives
  8. Focus Group Discussion
  9. Grounded Theory
  10. Analysis of Qualitative Data
  11. Criticism of Participatory Methods
  12. Advantages of Participatory Research

19 Content Analysis

  1. Historical Background of Content Analysis
  2. Content Analysis: Concept and Meaning
  3. Terms Used in Content Analysis
  4. Approaches of Content Analysis
  5. Procedure Involved in Content Analysis
  6. Uses of Content Analysis
  7. Advantages and Disadvantages of Content Analysis

20 Action Research

  1. Historical Background of Action Research
  2. Definition of Action Research
  3. Principles of Action Research
  4. Characteristics of Action Research
  5. Models of Action Research
  6. Steps Involved in Action Research
  7. Advantages and Disadvantages of Action Research

21 Macro-Variable Data- National Income, Saving and Investment

  1. The Indian Statistical System
  2. National Income and Related Macro Economic Aggregates – System of National Accounts (SNA)
  3. National Income and Related Macro Economic Aggregates – Estimates of National Income and Related Macroeconomic Aggregates
  4. National Income and Related Macro Economic Aggregates – The Input-Output Table
  5. National Income and Related Macro Economic Aggregates – Regional Accounts โ€“ Estimates of State Income and Related Aggregates
  6. National Income and Related Macro Economic Aggregates – Regional Accounts โ€“ Estimates of Districts Income
  7. National Income and Related Macro Economic Aggregates – National Income and Levels of Living
  8. Saving
  9. Investment

22 Agricultural and Industrial Data

  1. Agricultural Data
  2. Industrial Data

23 Trade and Finance

  1. Trade
  2. Merchandise Trade
  3. Services Trade
  4. Finance
  5. Public Finances
  6. Currency, Coinage, Money and Banking
  7. Financial Markets

24 Social Sector

  1. Employment, Unemployment and Labour Force
  2. Education
  3. Health
  4. Shelter and Amenities
  5. Social Consequences of Development
  6. Environment
  7. Quality of Life