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Basic Economic Principles: the Scientific Method - Essay Example

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The essay “Basic Economic Principles: the Scientific Method” focuses on the initial stage of the scientific method, which involves the observation and since curiosity leads to new knowledge, the method of observation, which is simple, is considered as the process that defines the question…
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Basic Economic Principles: the Scientific Method
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Download file to see previous pages What follows then is seeking to explain the particular phenomenon and the reasons influencing its occurrence.
The step that follows entails researching the existing knowledge on the question that has been formed from the observation. For example, if a person observed that their car is not starting, the question will then be why that car is not starting. The knowledge that may be possessed by the individual concerning cars will be used in trying to figure out what may be the problem. The individual might also look into the manual or on the internet for information that may be related to the problem. If a scientist was in a situation such as this, he or she would look for more information from scientific journals that have previously published research that has been conducted by other scientists. Research on existing knowledge is carried out since the question that seeks to be answered might have been dwelled on before, or information that is associated with it may assist in coming up with a hypothesis.
Establishing a hypothesis is the next part of the procedure of using scientific methods in solving problems. A hypothesis can be explained as a probable explanation for the phenomenon that was observed during observation. It is usually more than a simple guess since it is founded on a comprehensive review of the current knowledge associated with the subject.  ...Download file to see next pagesRead More
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