Chapter 1A - Graphs in Economics

# Chapter 1A - Graphs in Economics - GRAPHS I N ECONOM I CS 1...

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GRAPHS IN ECONOMICS 1 APPENDIX

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Graphing Data Lecture notes will be mainly from the textbook. Read the textbook before class so that you don’t have to write a lot of notes. I will add material that is different from the text – attending class is important to keep up with this.
Graphing Data A two-variable graph. The vertical line is the y - axis. The horizontal line is the x - axis. The zero point is the origin.

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Graphing Data Time-Series Graphs A time-series graph of “time” and some “variable” E.g., price of gasoline across years.
Graphing Data

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Graphing Data Cross-Section Graphs A cross-section graph of a variable for different groups at a point in time . E.g., the number of people who live in metropolitan areas in the United States in the Census year 2000.
Graphing Data

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Graphing Data Scatter Diagrams A scatter diagram plots values of one variable on the x -axis and the value of another variable on the y -axis.
Graphing Data

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Graphs Used in Economic Models Graphs show the relationship between variables. Patterns to look for in graphs?
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## This note was uploaded on 09/12/2011 for the course ECON 2100 taught by Professor Klimenko during the Fall '08 term at Georgia Tech.

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Chapter 1A - Graphs in Economics - GRAPHS I N ECONOM I CS 1...

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