The bulk of this book has discussed the basic toolkit of economics—the theory and tools that make up the body of economic knowledge. We now turn our attention to how such knowledge is created. In this chapter, we introduce the research process in economics. We begin with an overview of what is meant by research in economics and how this differs from what many people assume. Next, we outline a typical research process. Finally, we conclude with how economists share new knowledge.
After completing this chapter, the student should be able to:
1. Describe what economic research is and what it is not.
2. Outline a typical research process in economics.
3. Understand how economists share information.