StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Scientific Method in Practice - Essay Example

Cite this document
Summary
As the paper "Scientific Method in Practice" outlines, scientific refers to required standards or required processes, which is not just any kind of object or thing. Scientific methods relate to steps and measures, involving testing, observation, and evidence-based, and require logic for its support…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.4% of users find it useful

Extract of sample "Scientific Method in Practice"

Scientific methods have some elements such as observation, testing of facts, data and information, verification of facts, data and information, and generalization of facts data and information (Gauch, 2003). Observation involves the collection of information data or statistics. Testing of facts, data establishes independent variables of the causes and reasons for occurrence and the consequence of the effect. Verification of facts refers to the use of the same procedures and methods previously applied by other scholars to arrive at the same explanation of similar activities.

Generalization involves an application of theories to more than one social setting. Economics refers to the study of how individuals choose to use their limited resources to satisfy their unlimited economic needs. The reason behind economics is that people must make choices involving trade-offs since the resources are scarce (O'Connor & Faille, 2000). An economic principle refers to the generalization that tends to be true to most people under certain assumptions. An economic principle explains various conditions involving economic behavior, and it solves problems that are economical, and guides in formulating economic programs (Fajardo & Abella, 1981).

Economics as a science, involves a systematic body of knowledge, using scientific methods to gather, analyze and make a conclusion of the data collected. Facts are obtained empirically through interviewing people as well as through personal observations, and data analyzed through careful study of cause and effect relationships, and out of the analysis, economic principles and theories are formulated (Fajardo & Abella, 1981). Scientific methods relate to economic principles and law because economics uses techniques that are scientific to gather facts and formulate laws.

The law of demand is the most fundamental principle of economics, which stipulates that people tend to buy more quantity of goods when the prices of products are low, and when the cost of goods rise, people less they likely tend to purchase goods, provided other things like income remains constant. Economic principal theories, the same as scientific methods are represented through the table’s graphs and mathematical equations after testing and puts into action through the formulation of economic policies.

Economic principles and scientific methods both encounter challenges of biases on those who make data analysis, and conclusions regarding what is desirable and what is not desirable (Fajardo & Abella, 1981).

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Basic Economic Principles Essay Example | Topics and Well Written Essays - 250 words, n.d.)
Basic Economic Principles Essay Example | Topics and Well Written Essays - 250 words. https://studentshare.org/science/1891608-basic-economic-principles
(Basic Economic Principles Essay Example | Topics and Well Written Essays - 250 Words)
Basic Economic Principles Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/science/1891608-basic-economic-principles.
“Basic Economic Principles Essay Example | Topics and Well Written Essays - 250 Words”. https://studentshare.org/science/1891608-basic-economic-principles.
  • Cited: 0 times

CHECK THESE SAMPLES OF Scientific Method in Practice

The Fixation of Belief

He offered and discussed four possible methods that a person could put into practice that would enable him to go from doubt to belief: a) tenacity b) authority c) a priori d) scientific investigation.... The first method Peirce discussed is "The method of Tenacity.... The second method is "The method of Authority.... The third method is "The a priori method....
4 Pages (1000 words) Book Report/Review

Evolution of Management Thought

It tries to develop a best, standard method for performing each job.... It selects workers with appropriate abilities and trains them according to the standard method developed.... The scientific management approach of Taylor, Gilbreth and the other engineers and that of the behavioral scientist led by Munsterberg, Maslow, and Mayo.... scientific management relies upon managers to make decisions....
2 Pages (500 words) Essay

Scientific perspective

Summary of Results Following a practical research on the effects of alternate nostril breathing as an inducer of sleep, I found out that it took the same period for me to fall asleep in both the normal method and the alternating nostril breathing method.... However, from the tabulated results it is vivid that other factors other than the method applied to induce sleep contributed to the lack of sleep.... The following is a discussion on alternate nostril breathing as a way of inducing sleep and its scientific CULTURAL AND ETHICAL IMPLICATIONS OF NATURAL VERSUS MEDICAL REMEDIES FOR SLEEP Introduction Getting enough sleep duringthe night is of utmost importance in a person's life....
1 Pages (250 words) Essay

Challenges of Ensuring the Scientific Rigor

The suitability of the method in use will depend on the nature of investigate problem.... Identify an issue from your clinical practice that could be studied using qualitative method.... In clinical practice, an issue such as the problems encountered by nurses as they deliver care to patients is suitable for qualitative research.... Why do you think qualitative method is appropriate to study the problem?... Qualitative method will be suitable because there is no need of figures (Houser, 2009)....
2 Pages (500 words) Assignment

Elements of Scientific Method

The fundamental scientific method elements include objective, consistent, observable, pertinent, parsimonious, falsifiable, and reproducibility.... It is worth noting that effective application of the scientific method elements is significant in eliminating biases, unnecessary complications, and inconsistencies thereby helping in creating an accurate theoretical framework and structure that describe the natural world (Gauch 78).... In essence, the scientific method elements usually help in regulating research work and exemplifying the scientific method principles....
1 Pages (250 words) Essay

Comparing the scientific method and the engineering method of problem solving

Nonetheless, the most common approaches towards problem… Both scientific and engineering approaches have a rich history but have always seemed distinct.... However, it is worthwhile noting that both scientific and engineering approaches may be integrated to solve a problem.... Nevertheless, the need to create better understanding necessitates a comparison of scientific and engineering approaches in relation to problem solving.... A scientific approach begins with a question seeking answers to a particular phenomenon....
4 Pages (1000 words) Essay

How to Reform Psychology

When a clinician believes he has enough experience in treating some illness, he avoids using the unknown method in treating the patient.... hellip; From Begley's article, one can deduce that there exists an insurmountable gap between empirically and clinically derived evidence in all areas of practice (Begley, 2009).... From Begley's article, one can deduce that there exists an insurmountable gap between empirically and clinically derived evidence in all areas of practice (Begley, 2009)....
2 Pages (500 words) Essay

Models of Action Research

Action research is thereby a process where the… ticipants who include teachers and students systematically examine their own practice using research techniques that aims to inform or improve their practices in the future (Mckernan, 1986).... Furthermore, action research seeks to bring together action and reflection, theory and practice, in participatory with others in the pursuit of practical solutions to issues of pressing concern to people and more generally to the flourishing of individual persons in their communities....
4 Pages (1000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us