Math with Bad DrawingsCartoon Archive

How Economists Actually Draw Things

October 8, 2019From the book Change Is the Only Constant

Economists put price on the vertical axis and quantity on the horizontal, backwards from the usual math convention, which can make the rest of us feel upside down.

Transcript

[Graph of PRICE vs. QUANTITY falling, dp/dq] [A stick figure standing upside down] "Trippy…" Economist: "Stop clowning around! This is how we economists actually draw things."

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Free for classrooms, worksheets, slides and other non-commercial use under CC BY-NC 4.0, with credit to Ben Orlin.

Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2019-10-08-how-economists-actually-draw-things/ (CC BY-NC 4.0)
Topics
Applied Math › EconomicsCalculus › Rates of Change
Level
High SchoolCalculusCollege
Themes
Work & Jobs