# Economists Do It With Models

## A Helpful Hint On The Finer Points Of Graphing…

#### December 14th, 2010 · 7 CommentsFun With Data · Graphic Content · Just For Fun

Maybe I’m outside the norm a bit here, but this made me laugh so hard:

Seriously, never underestimate the importance of labeling your axes. In fact, this is one of the items that we focused on a lot in the training for new teaching fellows, since it’s really really confusing to look at a graph and not know what the points are supposed to represent. (On that note, not only is labeling important, but defining units is also crucial yet often overlooked. Just saying.) Clearly I’ve taken this advice to heart, since even my stickers have the axes labeled:

### 7 responses so far ↓

• 1 misterxroboto // Dec 14, 2010 at 2:37 pm

I’m really glad I’m not the only one. It’s like the Postal Service’s “Nothing Better” Part 2.

I’ll make charts and graphs
That should finally make it clear
I’ve prepared a lecture
On why I have to leave…

• 2 Bill Petti // Dec 14, 2010 at 5:35 pm

You are not alone–I laughed pretty hard and signaling was the first thing I thought of, too…

• 3 Rev. Pfloyd // Dec 14, 2010 at 5:50 pm

This reminds me of the “Price Elasticity of Sex-for-Chores” graph I made once. . . .

• 4 The Unqualified Economist // Dec 14, 2010 at 6:27 pm

I can’t help but feel self conscious on the day I posted a graph with no label on he axes.

Sigh…at least I labeled the figures.

• 5 Timmy // Dec 14, 2010 at 6:48 pm

I have to say that … before I got to the end of the comic, I thought, “But what is the graph showing exactly?”

• 6 steve // Dec 14, 2010 at 9:55 pm

So how one draws graphs is a good insight to what that person is like.

i note though that your graph doesn’t have units either… while you are halfway there with the labeling, what does this tell us?

Also there is a bit of a crazy relationship between price and quantity, (though i’m sure we all know what the picture is showing) perhaps this tells us something more?

• 7 סיגריה אלקטרונית מחיר // Feb 11, 2012 at 1:27 pm

Stackable boxes really are a must when moving house, irrespective of self-drive van hire or removal company lorry. Sturdy green, recyclable boxes that may be reused repeatedly are the most useful choice for frequent house moves and for long-term storage – regardless of where the home move takes place. There’s nothing more frustrating than having to reload many times, because the awkward manner in which things are packed prevent a fully loaded van making one tour and something tour only.