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How to write dissertation in methodology of

econometric modeling Dr. Nancy Agnes, Head, Technical Operations, Tutorsindia info@ tutorsindia.com

I. INTRODUCTION

Econometric has been explained as an economic

theory which has its association with statistics and

mathematics. In other words, it can be explained as

having association with measuring economic

relationships. The econometric is a mixture of three

wide branches, economics, mathematical

economics and statistics. This field of economics

aims at assigning numerical values the different

parameters of economic relationships which are

usually defined in mathematical forms and

integrated with empirical economics. To identify

the values of parameters the econometric methods

are used. Econometric methods are actually the

statistical methods which give an idea about

economic phenomena1. The significance of

econometric methods is that it has large scale

application in different areas like engineering,

sciences, medical science, agriculture science etc.

To summarize, the econometric methods are

helpful in order to know about the stochastic

relationship in mathematical format and identifying

the relation between the different variables. The

figure given below gives an idea of writing a

dissertation in econometric methodology.

Figure 1 Econometric theory

(Source:Brainkart.com)

In the contemporary academia-research

world there are being conducted research on

several new topics, consequently leading to

evolution of some new domains. There are

different domains preferred by the candidates for

pursuing their masters or PhD’s. The procedure

required to be fulfilled for achieving any of these

degrees remains almost the same. Successful

completion of any of these degrees requires a

candidate to go through different steps, the

dissertation submission being the most important

one among them. Submitting a dissertation

successfully requires one to be careful and attentive

towards the details to be followed for completing

the dissertation. Though the organization of

dissertation remains same for all the domains but

the style of presenting content varies2. For

example, in our case, the dissertation is framed for

econometric modelling. Thus, it becomes

mandatory that the facts are illustrated through

properly illustrated figures, rather than

emphasizing the theory part. Similarly, to write a

dissertation in econometric methodology it is of

paramount significance that a candidate follows a

proper plan.

Interesting blog:How to build empirical

modeling for economic dissertation research

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II. DISSERTATION IN ECONOMETRIC

MODELLING

It has been discussed in the previous

section that econometric modelling is integration of

statistics and mathematics, thus it requires one to

be familiar with the methodology of econometric

modelling. Methodology here refers to the methods

of study used for the particular field3. In this

section emphasis will be laid on knowing about

writing a dissertation on methodology of

econometric modelling.

III. IMPORTANT TIPS

In order to write a dissertation for

methodology of econometric modelling it is

necessary that the candidate is familiar with the

term and its applications4. Also the candidate

should be aware of the methods used for

econometric modelling. This information will be

helpful in planning the content for dissertation5.

Some useful points are mentioned below:

1. To write a dissertation on methodology of econometric modelling, one should first

choose the model which can indicate the

different features of the phenomena being

studied. The primary aim of modelling is

to explain a complicated process through a

simple model. Thus, in the abstract one

should clearly describe the model used

and approach followed. Also a snippet of

the tools used by the candidate should be

provided.

2. The model chosen by the candidate for writing a dissertation in methodology for

econometric modelling should contain all

the variables as they will be helpful in

describing the behaviour of the economy.

3. The methodology chosen by the candidate should be sufficient enough in interpreting

the probability and its suitability for the

data gathered. There are available several

different approaches so the candidate

should discuss the approach to be used in

dissertation with his guide.

4. There are some basic methodological issues associated with econometrics such

as application of probability theory to

economics and the mapping between

economic theory and probability issues.

IV. SUMMARY

It can be explained from the above

discussion that the methodology of econometrics is

not confined to the study of some specific

econometric techniques; rather it is a meta-study

which exhibits the contribution of econometrics to

economic science. A candidate planning a

dissertation in methodology of econometrics

modelling has to keep in mind the primary issues

associated with the field and should suggest some

novel approach to resolve the issues in a more

efficient manner. To formulate a well-planned

dissertation the candidate should have in-depth

knowledge of how the approaches can be applied to

the models and alleviate the common issues. Apart

from the afore-mentioned points the candidate

should also discuss the different methodologies,

their pros and cons and then discuss the proposed

methodology and its significance.

REFERENCES

1. Gruszczyński, Marek, Dudycz, Tadeusz, Osbert-Pociecha, Grażyna, Brycz, Bogumiła

(2019). Financial Microeconometrics as

Research Methodology in Corporate Finance

and Accounting. Springer International

Publishing. SN - 978-3-319-68285-3

2. Faryadi, Qais. (2019). PhD Thesis Writing Process: A Systematic Approach—How to

Write Your Introduction. Creative Education.

09. 2534-2545. 10.4236/ce.2018.915192.

3. Journal of Econometric methods. De Gruyter | Published online: January 27, 2021

https://www.tutorsindia.com/our-services/coursework-writing/research-methodology/https://www.tutorsindia.com/our-services/coursework-writing/research-methodology/https://www.tutorsindia.com/our-services/masters-dissertation-writing-services/full-dissertation/https://www.tutorsindia.com/our-services/masters-dissertation-writing-services/full-dissertation/

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4. Nino Mikiashvili (2019). The empirical economics and development of econometrics.

5. Peng, Weijia (2020). Essays on forecasting methods in high-frequency financial

econometrics. Retrieved

from https://doi.org/doi:10.7282/t3-jrrw-0996

https://doi.org/doi:10.7282/t3-jrrw-0996