Advice for Students Writing BA or MA Theses

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    Christian Groth, Feb. 2010Department of EconomicsUniversity of Copenhagen

    Advice for students writing a BA or MA thesis

    1. Setting up a project

    A thesis should be an examination of an economic question. Thus you should attempt to phrase

    your topic in the form of a question. It should be about something that interestsyou. You shouldsketch a reason why you think answering the question is of interest. And you should sketch how

    to proceed in an attempt to answer the question.

    1.1 A theoretical question

    It takes some time to find out what the question should be. The question may be of a theoretical

    nature: What theoretical approaches to an explanation of a given phenomenon exist and what are

    their strengths and weaknesses?

    Or you may extract a theoretical statement or a policy suggestion from the literature or from the

    media and then discuss it, again in terms of strengths and weaknesses. There often exist

    interesting, but somewhat differing expert opinions upon which you can draw.

    1.2 An empirical question

    The question could be about what empirical evidence there exists concerning a certain

    hypothetical relationship. For example: What estimates exist as to the size of the government

    spending multiplier under different circumstances? What is known about the interest elasticity of

    money demand or investment demand? What is known about labor supply or participation

    elasticities for different groups, including high-income groups?

    Or you might want yourself to make an empirical estimation or carry out an empirical test of a

    hypothesis. Preferably, previous studies of the same problem should exist, based on other data.

    You should in advance think about: What alternative data outcomes are ex ante possible? What

    will I be able to conclude ex post in each situation? If the data outcome is A, then . If the data

    outcome is not A, then .

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    2. How to get started

    2.1 Dont ask too big questions and dont be afraid of asking questions that have been asked

    by others before. It will often be possible in practice to give the question or the answer your

    twist.

    2.2 You may get inspiration from good textbooks, good articles, and existing economic

    policy debates. Publications from a national economic council or an international economic

    organization may be of help. Stimulating and at the same time accessible (non-technical) brief

    articles are published in journals likeJ ournal of Economic Perspectivesand the electronicThe

    Economists Voice(access viahttp://www.econ.ku.dk/english/libraries/journals/ojournals/).

    Searching via Google or Google Scholar, using different headwords, may also give inspiration.

    Some prominent economists also have very informative websites.

    2.3 Remember: startby writingsomeidea down, vague as it may be. Then read something

    about the topic, write, then read, write, read, return to what you have written, and so on. The

    point is that writing comes first. This will make reading productive and creative.

    2.4 Consult a potential supervisor when: a) you think you have found the question you want

    the thesis to examine; b) you have written a set of brief notes related to this question; and c) you

    have set up a brief list of literature of relevance. The potential supervisor may respond that the

    project makes sense and is manageable. Or that clarification is needed and that narrowing down

    the project in this or that way is recommended.

    3. Working on a project

    3.1 When a project has been formulated and agreed upon by a supervisor, the project is

    running. The supervisor may suggest useful additional literature. The fact that you now have a

    well-defined question implies that you are already halfway w.r.t. the organization and

    composition of the thesis. The supervisor may help with particulars. Remember: youare the

    originator and initiator, the supervisor is your consultant.

    3.2 During the work you may also find help in for example the New Palgrave Dictionary of

    Economics, which is electronically available here:http://www.econ.ku.dk/english/libraries/links/. Other information sources include the various

    series of handbooks in economics (one comprehensive series is published by Elsevier North-

    Holland) and websites of national and international economic organizations.

    3.3 The work process will often be a kind of stepwise dynamic interaction between writing,

    exploring, calculating, reading, consulting, writing, etc. The very last sections to be written are

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    the introductory and concluding sections. Their phrasing depends on the substance of the thesis,

    contained in the sections in between.

    3.4 Be prepared that your time table will not hold. Every step in the process is much more

    time consuming than expected. So an ample buffer before deadline is recommended.

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