Explain how the wage rate impacts the mobility of Philadelphia’s (microeconomics)
What question you are trying to answer
A precise description of the variables you are analyzing
What have previous scholars/researchers found related to your variables you analyzed
Why should someone care about your topic
Reflect an understanding of the influences of power**
The paper will also include:
A description of the data series and time series properties
A description of the statistical formulas and techniques
Your analysis of the data, including tables/graphs, statistical models
Conclusions and limitations of your work
Reflect an understanding on the relationship between individual and society**
Over the semester, I will provide brief discussions of the various data sets and the types of issues you may consider in writing your paper. I do not want to be prescriptive, telling you exactly what to do with the data. My intention is that, within the general framework of the instructions, you decide which microeconomic issues you want to emphasize, what methods you want to use, etc.
On the issue of how results should be presented, I cannot stress enough the importance of clarity and brevity. Whether it is a good thing or a bad thing, it is undoubtedly the case that finance professionals, university faculty members, civil servants, policy makers, and employers are busy people who do not want to spend a lot of time reading long, poorly organized and verbose papers. One key skill that writers of good reports show is selectivity. For example, you may have many different coefficient results and tests statistics from your various regressions. An important part of any report is to decide what information is important and what is unimportant to your readership. Select only the most important information for inclusion in your report and report honestly and openly the results that you obtain (even if your results go against your theory).
You can download in excel format from the following data sources
Federal Reserve Economic Data | FRED | St. Louis Fed (stlouisfed.org)
Data and Statistics Page – FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org) Damodaran Online: Home Page for Aswath Damodaran (nyu.edu)
Online Data – Robert Shiller (yale.edu)
Available Data Retrieval Tools (bls.gov)
U.S. Bureau of Economic Analysis (BEA)
Yahoo Finance – Stock Market Live, Quotes, Business & Finance News
Google Finance – Stock Market Prices, Real-time Quotes & Business News
Typical Research Paper Sections
Introduction
Begin with an introduction that briefly motivates the reader
Describe the issue being studied/researched
Summarize the main results
Literature Review
Summarize previous research related to your variables
Identify if previous scholars had statistically significant results
Economic/Financial Theory
Papers use theories to develop the foundation of the research
Theories connect research and results, how does it connect for your theory and
results
Research Data
Describe your data
Detailed discussion of data sources
Statistical Formulas and Techniques
Outline statistical formulas used to derive results, descriptive and inferential techniques
How do the results connect with the theory in Section III
Results
Heart of the research paper – Describe your results
Discuss how they relate to the question you are answering
Conclusion
Summarize research issues addressed in the paper
Specifically discuss the most important results
Last Completed Projects
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