Problem statement - Identification of an
economic issue (important or trivial, hard or soft, it does not matter) to which you will be
able to apply economic theory and statistics (i.e., this is your revised
topic paragraph).
Objectives - tests of hypotheses, problem solving, policy analysis
Identification of literature - search for
journal articles, book chapters or working papers [only; no books, mag
articles, web pages, etc] in
EconLit,
RePEc,
Google Scholar, ScienceDirect,
SSRN
Identification of data source - location of data
available over the internet, library or collection of primary data
Methods and procedures - propose an
empirical model that uses your data and tests your
theory. State the dependent variable. Describe the independent variables and
what you think the results might be.
Engage in active reading: take notes while you read
[and make
sure you actually read the paper!]
Summarize each paper: include the (a) purpose of the paper, (b) a
description of the data, (c) the form of empirical model estimated [y = xb;
what is y? what is x?], and (d) results