What kinds of graph-based work do economics students usually do?
Economics students may work with graphs to model relationships and explain changes in markets or the wider economy. Tasks can include drawing and interpreting supply-and-demand diagrams, indifference curves, production possibilities, Lorenz curves, macroeconomic models, scatter plots, time-series charts, and regression results. They may also use spreadsheets or statistical software to create graphs from economic data and evaluate trends, correlations, or policy effects.
Key points
- Graph-based work can involve both theoretical diagrams and charts based on real-world data.
- Students may be asked to label curves, calculate or identify equilibria, explain shifts, and assess assumptions or conclusions.
- Depending on the course, graphing may be done by hand, in spreadsheets, or with statistical software.
Things to check
- The balance between diagram-based theory, data visualisation, and statistical analysis varies by programme, level, and module.