1) State the issue and/or research problem/question. What is the intent of your analysis? It is good to formulate your question with a “how” or “why” question. For example: 1) How do immigrant laws affect assimilation into the labor market? Or, 2) How does increased traffic law enforcement decrease fatalities?
2) In four or five double-spaced paragraphs, justify why this is an important topic. Envision submitting the idea to a government agency or corporate client for funding. Address the following questions: 1) Why is research necessary on this law and economics topic? 2) How will it help lawmakers develop good policies or change existing policies? 3) How will it contribute to the growth of knowledge of law and economics?
3) Prepare a synthesis of the findings from the literature. The process begins with a survey of the scholarly literature in the selected research area: the literature will help conceptualize and operationalize your issue of importance and /or research question.