Research Methods in Economics

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Economy in the study of economic processes using certain methods.Research methods in economics - is exploring ways and means of certain phenomena.

Research methods in economics, as in any other branch of knowledge, divided into general (philosophical) general scientific (historical, logical, etc.) and specific for the economy.

This science widely used methods such as functional analysis, analysis and synthesis, scientific abstraction, induction and deduction, the nomination and hypothesis testing, experimentation, modeling and others.

method of scientific abstraction reduced to cleanse the test subject from theparticulars of any accidents and the allocation of common, permanent and essential features and characteristics.By using this method, derived categories and concepts that reflect the most important aspects of the objects, as well as the economic laws that reflect the constant causal links between the phenomena of the economy.

method graphics allows visually depict certain economic dependence.Usually ekonomismy placed independent data (variables) on the ordinate, and according to, respectively, on the abscissa.

Functional analysis helps to establish the relationship and the relationship between economic processes and phenomena, where some factors appear as exogenous (independent), and others as endogenous (derived from the first group).

Methods economy is widely used e-Conomy mathematical modeling, which today is one of the most common methods for studying the problems of the economy.It allows you to identify the causes, consequences, natural process.Economic models can describe reality in a simplified way, they are abstract generalization by means of graphs and equations necessary for the visual description of the relationships between economic variables.Models help to better understand the phenomenon of economic reality because it does not include many minor details that complicate the vision of the processes and relationships between them.

Mathematical methods of research in the economy are quite complex, because the economy is a multidimensional system in which most of the processes has a probabilistic character and depends on many factors.

Margin (limit) analysis is used to study the economic categories and laws.The essence of the analysis is reduced to the increment of the economic indicators, due to an increase of one unit of factor, which depends on the figure.Such growth is characterized by marginal revenue, marginal product, marginal utility, etc.

Experimentation used for the artificial reproduction of economic processes and phenomena to ensure that they could study the "near".However, this method requires caution as inadmissible breaking natural processes umeschayas real life in the artificial constructs.

In economic theory, statistical methods are used study the economic situation .These methods are needed in the work of the analyst as a diagnostic tool for the purpose of making the right management decisions.Environment - a situation that developed at a certain point in a certain sphere of economic life.We are talking about the specific conditions of the manufacturing process, the situation in the markets etc.As part of this method are the methods of calculation of absolute and relative performance index used and the balance sheet method.