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  2. William Playfair - Wikipedia

    en.wikipedia.org/wiki/William_Playfair

    William Playfair (22 September 1759 – 11 February 1823) was a Scottish engineer and political economist. The founder of graphical methods of statistics, [1] Playfair invented several types of diagrams: in 1786 the line, area and bar chart of economic data, and in 1801 the pie chart and circle graph, used to show part-whole relations. [2]

  3. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    Economic graph. The social science of economics makes extensive use of graphs to better illustrate the economic principles and trends it is attempting to explain. Those graphs have specific qualities that are not often found (or are not often found in such combinations) in other sciences. The supply and demand model describes how prices vary as ...

  4. The Elephant Curve - Wikipedia

    en.wikipedia.org/wiki/The_Elephant_Curve

    The Elephant Curve. The Elephant Curve, also known as the Lakner-Milanovic graph or the global growth incidence curve, is a graph that illustrates the unequal distribution of income growth for individuals belonging to different income groups. [1] The original graph was published in 2013 and illustrates the change in income growth that occurred ...

  5. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    A demand curve is a graph depicting the inverse demand function, [1] a relationship between the price of a certain commodity (the y -axis) and the quantity of that commodity that is demanded at that price (the x -axis). Demand curves can be used either for the price-quantity relationship for an individual consumer (an individual demand curve ...

  6. Mathematical economics - Wikipedia

    en.wikipedia.org/wiki/Mathematical_economics

    Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics. Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods ...

  7. Edgeworth box - Wikipedia

    en.wikipedia.org/wiki/Edgeworth_box

    In economics, an Edgeworth box, sometimes referred to as an Edgeworth-Bowley box, is a graphical representation of a market with just two commodities, X and Y, and two consumers. The dimensions of the box are the total quantities Ω x and Ω y of the two goods. Let the consumers be Octavio and Abby. The top right-hand corner of the box ...

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