An economics paper usually consists of two major parts:
- Problem identification and ways of solving it or responding to incentives to solve it.
- Determining how a particular variable responds to external influences.
If you are looking forward to writing an economics paper,
Prepare exactly what to write
The project is big so break it into small manageable units. You need to define clearly the direction you will take by understanding which of the three types of economics you will be dealing with. Not sure what to do with it? Go to https://copycrafter.net/economics-homework-help.html and ask an academic professional for some help.
Empirical/Mathematical economics – This type of economics involves the use of mathematical functions. Therefore, in the type of economics paper you will write, you must apply mathematical models. It is almost rare to find economics papers which do not apply mathematical models. Such papers are organized into sections such as Abstract, introduction, Literature review, Methodology/Model, results and conclusion. This organization may not apply to all papers. Empirical papers are either observational or experimental.
Theoretical economics – this one is about mathematically proving the outcomes of mathematical models. It is mainly applicable where primary data is unreliable to use. This type is organized into sections such as an introduction of the model and subsections that discuss the applications of the model. The proof is usually included in the appendices.
Theoretical and empirical economics – This combination is useful when predicting what the outcome should be while using the primary data to test how truth the prediction is.
Start writing your economics paper
Your paper should be written in the first person.
Craft a good title (and subtitles where possible), introduction, and literature review. Remember to make your title more interesting.
The title should be specific, keyword-dense and encompassing comprehensively the subject of your paper.
The introduction should tell the purpose of the paper, contribution to be made, and the research gap your paper has with other studies. Establishing the gap means scratching the surface a little on the literature review just by stating what research has and hasn’t already been done. To end the introduction, you can always give a brief summary of how the paper will be organized, and what you will include in each section of the paper. At no point in this section will you explain your interest in the topic but you can include how your results are likely to affect the existing understanding of the subject.
A good introduction can be up to 3 pages (1.5 spacing) or up to 6 pages (double spacing) depending on your school.
Write a brief history of your research topic (Literature Review)
Write a summarized assessment of the literature and touch on concepts applicable to your study. For studies that seek to extend existing models, discuss some models used during previous similar studies. For instance, you may talk about how these models were applied and how they have been differently extended.
Describe how you will collect and analyze your data.
For a theoretical economics paper, this section is not important as it is in an empirical paper.
Data collection – define and describe where you will get data and give reasons why that source is the most suitable. You may talk about the limitations of your data.
Methodology – define and describe the methodology/model and why you decide to apply that model. Add the limitations of the methodology as well. Each model has assumptions related to your research questions. Thus, state the implications of these assumptions.
Discuss and interpret your results.
State all your results, identify and comment on those which satisfy your research questions. Among all results, also identify the outliers and discuss them exhaustively. You may also want to factor in the limitations that were in your data and methodology since they also affect and lead to your results.
Conclude your paper
In an economics paper, this remains a very important section since it includes the main findings and gives valuable insights to researchers about how the future may be conducted. Since economics focuses on policy, describe the implications of your results on the policy. You may also include ways through which the results may affect the understanding of the subject. Your conclusion may also be derived from understanding the assumptions related to your research questions, and their implications.
With this guide, writing your economic paper should be a nice experience.