Economic Studies Quantitative and Qualitative Analysis

Economics studies many different things such as how governments, firms, individuals, and nations make decisions on distributing limited assets to fulfill their unlimited wants. It is broken down into two categories, macroeconomics, and microeconomics. Macroeconomics focuses on the behavior of the economy while microeconomics focuses on and individual as a consumer. Economics also focuses on two different studies known as quantitative and qualitative analysis in which they focus on the distribution, production, and allocation of economic resources. Many mathematical or statistical calculations are used in economics to study many different materials such as the government. Two very important economic theories include classical and Keynesian economics. They each have a specific approach on studying consumer behavior, monetary policy, and government spending. Classical economics began during and after the industrialization and was founded by David Ricardo where Friedrich von Haye k became a strong defender of this theory. The classical economic theory is known as free market also referred to as laissez-faire. This means it involves a very small amount of government interference. According to Say’s Law, supply creates its own demand. In the classical theory supply equals demand therefore, the economy is motivated when more goods are produced. There is no need for this interference because it is self-regulating. People make personal decisions on what they want,Show MoreRelatedEssay on Marketing Research: Primary vs. Secondary Research1195 Words   |  5 Pageswhen using qualitative and quantitative approaches. The paper will further discuss the tools that are used for each approach. Quantitative Qualitative Approaches â€Å"Quantitative research is defined as research involving the use of structured questions in which the response options have been predetermined and a large number of respondents are involved.† (Burns Bush, 2006). Quantitative research is associated with the more traditional industry research. The purpose of quantitative research isRead MoreGender And Education : Comparative Education937 Words   |  4 PagesEducation in Comparative Education In the field of comparative education, studies surrounding girl’s schooling in the developing world, specifically in sub-Saharan Africa, raises questions about the relevant of gender parity as a means to obtain educational equality. The number of out-of-school children consisted of disproportionately of girls in many countries in sub-Saharan Africa. Thus, comparativists often use quantitative data to analyse the female-to-male ratios on enrollment, access, and educationalRead MoreQualitative And Quantitative Research Design1537 Words   |  7 Pageswill compare and contrast qualitative and quantitative research designs. While giving the information, I will also elaborate on the types of research designs that they both implore. At the end of the paper, the reader will have a better understanding for qualitative and quantitative research designs and when to use each type of design. Qualitative Research Design Cresswell (2014) states â€Å"qualitative methods rely on text and image data, have unique steps in data analysis, and draw on diverse designs†Read MoreGender And Education : Comparative Education953 Words   |  4 Pagesand learning can be gendered is an important topic of discussion. Recent studies surrounding girl’s schooling in the developing world, specifically in sub-Saharan Africa, raise questions about the relevant of gender parity as a means to obtain educational equality. The number of out-of-school children consisted of disproportionately of girls in many countries in sub-Saharan Africa. Thus, comparativists often use quantitative data to analyse the female-to-male ratios on enrollment, access, and educationalRead MoreAfrican American Women in Upper Management Essay1204 Words   |  5 Pagesoutlines a research project that focuses on the phenomena of the nominal amount of African American women are in positions of management or organizational leadership wit hin the City of Philadelphia. Proposed Problem The issue necessitating this empirical study I the low representation of African American women in Philadelphia in positions of power and leadership. Within the private and public sector of organizations within city agencies and businesses, there is still little representation of women-ownedRead MoreQuantitative Research Design Is The Standard Experimental Method Of Most Scientific Disciplines1104 Words   |  5 PagesQuantitative research design is the standard experimental method of most scientific disciplines. These experiments are sometimes referred to as true science, and use traditional mathematical and statistical means to measure results conclusively. They are most commonly used by physical scientists, although social sciences, education and economics have been known to use this type of research. It is the opposite of qualitative research. Quantitative experiments all use a standard format, with a fewRead MoreResearch Methodology For Adopting Mixed Method Approach1282 Words   |  6 Pagesthe research methods commonly employed in social sciences, namely, qualitative, quantitative and mixed methods will first be discussed. I shall then describe my own research design, including the philosophical approach I adopted. This approach will be explained by identifying the ontological and epistemological standpoints assumed. The research strategy will be clarified, and the sampling procedures and participants of the study will be described. The processes of data collection will be explainedRead MoreSummary Of A Framework For Design By Creswell1536 Words   |  7 Pagesfor research. This chapter introduces the reader to the three approaches to research quantitative, qualitative, and mixed methods approaches. To understand them Creswell considers three framework elements: The type of assumptions which we have to make before starting practical research also known as knowledge claim; general procedures of research called strategies of inquiry and procedures of data collection, analysis, and writing called methods. The 3 research approaches use each of these elementsRead MoreData Report On Data Management And Analysis1176 Words   |  5 Pagesdata process involved in data management and analysis, it discusses data entry, data cleaning and data analysis. The section starts with data entry where the data cleaning and analysis were presented thereafter. 3.14.1 Data entry Data entry refers to the process of recording data, regularly into a computer programmes (Rahm Hai Do, 2010). During the evaluation, data were entered into computerised software packages to assist in analysis process. Quantitative data from questionnaires and documentaryRead MoreThe Impact Of Immigration On The United Kingdom1491 Words   |  6 PagesImmigration refers to the movement of people that from one country to another goal country which they are not native for the purpose of settle or reside there and the elements are related to society, economic, politic and environment. On the positive hand, immigration expands the human living space and the increase of human civilization. To the nation of immigrants, the immigration brings the technical labour and cultural collision. Meanwhile, it could improve the development of economy and conurbations