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What is Research The best way to learn economics is not to hear about it or read about it but to do it Doing economics means performing economic research Steven A Greenlaw Doing Economics A Guide to Understand and Carrying Out Economic Research p 1 What is Research Research is the search for or creation of valid knowledge Knowledge is what is believed to be true about something what is believed to be a correct understanding of something Facts are just data Knowledge is an expert s best interpretation of facts What is Research Facts are discovered knowledge as an interpretation is created Ethridge 1995 defines research as the systematic approach to obtaining new and reliable knowledge p 16 Ethridge 1995 notes that critical thinking is an essential element for research Critical Thinking Missimer 1995 defines critical thinking as the evaluation of competing arguments on the basis of their evidence Bean 1995 a nationally known scholar of critical thinking points out that most undergraduates do not really understand how to write a discipline specific research paper Critical Thinking Everyone thinks it is our nature to do so But much of our thinking left to itself is biased distorted partial uninformed or down right prejudiced Yet the quality of our life and that of what we produce make or build depends precisely on the quality of our thought Shoddy thinking is costly both in money and in quality of life Excellence in thought however must be systematically cultivated Source The Foundation for Critical Thinking Critical Thinking A Definition Critical thinking is the art of analyzing and evaluating thinking with a view to improving it Source The Foundation for Critical Thinking Requirements for Critical Thinking Raise vital questions and problems formulating them clearly and precisely Gather and assess relevant information using abstract ideas to interpret it effectively Come to well reasoned conclusions testing them against relevant criteria and standards Think open



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