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The Technique of Scientific Writing in Economics

Since I started training individual students from several economic faculties in German Universities about the technique of scientific writing, they asked me where they could find some inspiration to get an appropriate topic for their Bachelor and Master thesis. Depending on the regulations of your university, the supervising professor or lecturer may suggest a specific topic (area of research). Another alternative, the lecturer may give you handouts as an inspiration (starting point) for your research and expect that you will define your own specific research question and then consult with them to fix the final topic. Before you spend a lot of time beating about the bush on how to come up with a convincing draft, your proposal should contain the following ingredients: (research topic, abstract, table of content that shows a clear argumentation line, list of literature sources, model, methodology).

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How to design your Economic Research Topic for your Thesis

To arrive at your final convincing draft, you will need to observe the following sub-processes.

1. Define the Economic Problem in your Thesis

Designing your economic research topic begins with the definition of the economic problem you would like to review and analyze, e. g. such a topic “The impact of global trade imbalances on the European Union (EU)”. In such a topic, the economic problem is the “global trade imbalances”, while the “European Union (EU)” limits the context of the analysis.

2. Construct a Mind-Map for your Economic Problem and Context

At this point you should draw a mind-map depicting two general areas: (a) global trade imbalances and (b) European Union (EU), connected with an arrow from (a) to (b) to resemble (c). This and its impact is your main focus in dealing with the economic problem and the chosen context. Using a mind-map you can develop relevant keywords relating to your topic and potential theories that relate to each topic area, e. g. in (a) global trade imbalances is a macroeconomic topic on international trade, while (b) European Union (EU) is also an economic topic of economic policy (institutions), economic integration, international economics as well as international trade. This should give you a hint about the topics you should be familiar with or the literature you should consult.

3. Create spontaneous Mind-Maps and Literature-based Mind-Maps

Each time you need an idea for your thesis contract a mind-map out of your spontaneous knowledgebase. Afterwards use literature sources to construct literature-based and specific mind-maps of what a certain source delivers to you. Now you should have more than one mind-map that talks about the same topic, but from different perspectives (inspiration). Look for commonalities between your spontaneous ideas and the literature sources. Apply critical thinking: ask yourself, why there are differences and whether other sources may help to bridge the gap or not.

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Topics in Economics

Read More about Economics

Our Credentials for Economic Consultancy

Economic consultancy deals with both local and global issues that affect the decision-making of organization, individuals, interest groups, society, governments and other societal settings. The Aim of economic consultancy is to offer methodology of understanding, structuring and resolving those issues that affect the society from different angles. If you are a local company being affected by global issues e.g. international trade policy in your businesses export destinations, you would like to know which strategies to apply in order to improve the sustainability of your local business.

Economic Expert from the Freiburg School of Economics

Our economic expertise originates from the Albert-Ludwig-University of Freiburg im Breisgau in Germany. At the Faculty of Economics and Behavioral Sciences we graduated with Master (M. Sc.) and Bachelor (B. Sc.) of Science in Economics in 2015 and 2012 respectively.

“Risk Sharing and Mobile money: Economic Impact of Mobile Money Technology in Africa.”

James E. Njoroge (M. Sc. Economics) (2015) Master Thesis at the Institute for Economic Research, Department for International Policy (Supervisor: Prof. Dr. Günther G. Schulze)

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Importance of Economics as Science

Economics is the interdisciplinary science of decision-making that aims to explain:

  • The decisions made by economic subjects,
  • Content (what) , process (how), context (where) of decisions made,
  • Interconnections to other fields of study

… etc.

So why is economics such an important science? Human beings (or any organism) are confronted with the need to make decisions and have choices about certain alternatives in their existence or life. Think about the needs you had today and the choices you had to make today. How satisfied were you with your decisions and outcomes? Economics formally describes such social events and settings within normative and positive theoretical models and verifies their real life applicability through empirical analysis.

My inspiration for Economics

Economics is my third field of inspiration after (Aeronautical) Engineering and Architecture, followed by Psychology and Sociology. I enjoy viewing issues from an interdisciplinary perspective and this is what makes Economics interesting. When you start learning economics, you may ask yourself; why some analysis seems to be common sense, but still has to be formalized in an economic model. Economics coexists with other Scientific fields. My encounter with economics started back in my home country, Kenya -where I did my primary and secondary education- before continuing with my Bachelor and Masters degree (full time studies abroad) in Germany. In a practical way, my Mother taught me household economics by endorsing me to manage finances at home at the age of about 10. This means that I learned about budget allocation and expenditure optimization at an early age. It’s a skill that young people should be taught at an early age. I thank my Grandmother for her unforgettable support, patience, faith and guidance throughout my studies in Germany. Without her endurance and sacrifice, I would not have had the opportunity to embark on this journey. We function as a team. My topic for the master thesis “mobile money and risk sharing: social-economic impact of mobile money adoption in Africa” was inspired by her. I wanted to find the roots of generosity, selflessness, charity (issues that shape the coexistence of people of different social environments).

More inspiration

Sunset in Freiburg im Breisgau

Enjoying sunset in Freiburg im Breisgau

Watching the sun go down in Freiburg is one of my favorite events. I prefer chasing the sun in evening. This is one of the hotspots. The best way to pick a destination in Freiburg: be spontaneous, meet a friend pick a direction and wherever you will go, you’ll discover a unique place to spend some precious moments.

Follow me on Instagram @ergo_hauptagentur_njoroge and
@evansonslabs_consult_coaching

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