The assignment is to formulate an interesting economic question, develop a research plan for bringing data to bear on this economic question, obtain and manage the dataset, and use econometric methods in conjunction with this data, informed by economic theory, to analyze and hopefully answer the original economic question. More specifically, your economic question should link to one or more key measurable variables and postulate whether there are differences in these measures across two or more identifiable sub-groups in the population. A key requirement for the paper is that it must include one or more formal statistical hypotheses and statistical tests of those hypotheses.
1. Introduction (minimum 500 words)
a. Overview of the question to be addressed including the economic relevance of the question. b. Discuss the economic theory behind the question and expected results based on theory.
2. Literature Review a. Discussion of published analysis on the topic, their key findings and how/why your approach or sample may be different.
3. Methodology/Data a. Describe data sources and statistical methods to be employed. This should include a clear description of how your statistical method links to the question posed in the introduction. b. Include summary statistics (sample means, standard errors, sample size, correlation statistics) of your data.
4. Findings/Observations a. This section presents the results of your statistical analysis. b. Present/summarize your formal statistical test(s) and the conclusion(s) that follow. c. Include a discussion of how your results are in line with, or deviate from, what would be suggested by economic theory. d. Discussion of any limitations to your analysis that might affect your results.
5. Conclusion a. Summary of your findings. b. Include a discussion of any potential deficiencies in your analysis and/or available data
The total paper (2000 words)