Week 3: Quantitative Methods: Collecting Quantitative Data

Week 3: Quantitative Methods: Collecting Quantitative Data You have finally decided on a research topic, and you are eager to begin. You have determined your focus, your purpose, and your plan, so what happens next? For quantitative research, the next step is more preparation. This preparation revolves around the data that you intend to collect,…

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Your work has substantive room for improvement. This exercise is a preparation for your final project. A piece of crucial advice in this and subsequent assignments: you must rely on the theory, you must show your knowledge of the theory, addressing topics such as scarcity, types of resources, tradeoffs, utility curves, budget restrictions, opportunity costs, incentives, marginal analysis, incentives, absolute and comparative advantage, and their impact on trade on countries, and gains from trade, supply-demand, equ