What are the steps of the basic analytical framework in Modern Economics?
Framework is very significant to master this fundamental analytical framework, particularly, these five steps. This can be helpful at least in the given three aspects:
a. Assist to understand economic theories and their arguments relatively easily.
b. Assist to determine research topics.
c. How to write down standard scientific economics papers.
Understanding this fundamental analytical framework can assist people categorize possible misunderstandings regarding modern economics, and can also assist them use the fundamental economic principles or improve new economic theories to solve economic problems within different economic environments, along with several of human behavior and institutional arrangements.