Module 17
Module 17
) Economics
Module Title
Learning Outcomes
Introduction
Inlasttwolectures,wehavediscussedvarioustypesofgraphsindetail.Youhavealsolearntthat
whichtypeofgraphismoresuitableforwhatkindofdata.Afterdiscussingvariousmethodsof
graphical representation in detail, in this lecture we will solve some practical problems by
representing given data using suitable graph or diagram. We will also learn to draw various
graphsusingMSExcel.Wehavemainlydiscussedfivetypesofgraphicalrepresentationofdata
i.e.usingbargraph,piediagram,linegraph,histogramandogives.Inthismodule,wewilltryto
draw each of these types using MS Excel. Let’s start with numerical problems
rogramme
P umber of Students
N
B.A. 250
B.Sc Medical 100
B.Com 110
BBA 40
ince this is categorical data, bar diagram is more appropriate graphical measure to represent this
S
data. To draw bar diagram
W
● rite each category, programme in this case, on X-axis.
● Write all values corresponding to each category, number of students here, on Y-axis.
● Draw a rectangle or bar corresponding to program, where height of bar represents number
of students in that course.
Gone are the days when people used to draw such graphs manually. Now a days different
softwares are available which can draw such graphs in one click. Most useful and easily
available software is MS Excel. Steps to draw bar graph in MS Excel are
Bar graph showing programmes i.e. B.A., B.Sc Medical, B.Com and B.B.A. on x-axis and
number of students on y-axis will appear. Write down the title on topofthediagramandalso
write labels ontheaxis.NotethatColumnoptionisselectedtodrawverticalrectangles.Ifyou
want to draw horizontal rectangles then click on Bar.
Youcanalsochangethecolorofeachbarbyselectingabar,forwhichyouwanttochangecolor
and click on fill option on toolbar by choosing color of your choice.
To draw pie chart by hand, calculate the angle of each slice as
𝐹𝑟𝑒𝑞𝑢𝑒𝑛𝑐𝑦𝑐𝑜𝑟𝑟𝑒𝑠𝑝𝑜𝑛𝑑𝑖𝑛𝑔𝑡𝑜𝑡 ℎ𝑎𝑡𝑐 𝑎𝑡𝑒𝑔𝑜𝑟𝑦
Angle = 𝑇𝑜𝑡𝑎𝑙𝑓𝑟𝑒𝑞𝑒𝑛𝑐𝑦
×360
By drawing these angles in a circle, you will get a pie chart representing given data.
Example 3.RBIdatashowsgrowthofGrossValueAdded(GVA)ofAgriculture,Forestry
and Fishery as given in the table
ear
Y Agriculture, Forestry and Fishing
2010-11 8.8
011-12
2 .4
6
2012-13 1.5
2013-14 5.6
2014-15 -0.2
2015-16 0.7
2016-17 6.8
2017-18 6.6
2018-19 2.1
2019-20 5.5
2020-21 3.3
2021-22 3.0
iii) Toshowthatpointofintersectionof‘lessthan’typeogiveand‘morethan’typeogive
isMedianofdata.Letsfirstcalculatemedianofgivendata.Asyouknowmedianof
continuous series is calculated as
𝑛
−𝑐.𝑓.
Median =𝐿 + 2
𝑓
×𝑖
Example 6:Represent following data showing pass percentageof students in three subjects.
ubjects
S 2 018 019
2 020
2 021
2 022
2
Microeconomics 75 80 92 77 72
Macroeconomics 74 76 80 70 65
Statistics 65 85 90 80 60
his table shows pass percentage of students in Microeconomics, Macroeconomics and Statistics
T
over the five years i.e. from 2018 to 2022. We can use multiple bars to represent this data. To
draw multiple bars
W
● rite years on X-axis.
● Write pass percentage from 0 to 100 percent on Y-axis.
● Draw a rectangle or bar corresponding to Microeconomics, where height of bar
represents pass percentage in Microeconomics subject i.e. 75 percent.
● Draw second bar corresponding to Macroeconomics, where height of bar represents pass
percentage in Macroeconomics subject i.e. 74 percent.
● Draw third bar corresponding to Statistics, where height of bar represents pass percentage
in Statistics subject i.e. 65 percent.
● All three bars representing pass percentage in respective subjects during 2018 should be
adjacent to each other.
● Similarly draw three adjacent bars for year 2019, 2020, 2021 and 2022.
Multiple bars can be drawn the same way as simple bars are drawn in MS Excel. To draw
multiple bars in MS Excel
● Open MS Excel and open new spreadsheet.
● Paste data table in excel worksheet as shown on screen.
● Select data from cell A1: A4 and F1:F4.
● Click on Insert🡪Column🡪2D Column🡪ClusteredColumn.
ultiple bars showing pass percentage of students in Microeconomics, Macroeconomics and
M
Statisticsfromyear2018to2020willappear.Writedownthetitleontopofthediagramandalso
write labels on the axis.
lass
C oys
B irls
G otal
T
BA Honors Economics I 18 12 30
BA Honors Economics II 14 11 25
BA Honors Economics III 8 20 28
ableshowsthat30studentsenrolledforfirstyear,25studentsenrolledforsecondyearand28
T
studentsenrolledinthirdyear.Numberofmalestudentsis18,14and8infirstyear,secondyear
and third year respectively.
This data can be shown by bar diagram in three ways i.e. using
Let’s discuss all three ways one by one. First of all we will represent data using multiple bars.
● W rite classes on X-axis i.e. BA Honors Economics I, BA Honors Economics II and BA
Honors Economics III.
● Write number of students on Y-axis.
● Draw first bar corresponding to boys in first year, where height of bar represents number
of boys i.e. 18.
● Draw second bar corresponding to girls in first year, where height of bar represents
number of girls i.e. 12.
● Draw third rectangle or bar corresponding to total students in first year, where height of
bar represents to total number of students i.e. 30.
● All three bars representing number of students in first year should be adjacent to each
other.
● Similarly draw three adjacent bars for second year and third year.
We have already discussed the steps to draw multiple bars in MS Excel in previous example.
et’s nowrepresentdatausingstackedbarscharts.Weknowthatstackedbargraphdividesthe
L
aggregateintodifferentparts.Inthiscase,eachbarwillrepresentthetotalnumberofstudentsin
eachclassandeachsegmentofthebarwillrepresentnumberofboysandgirls.Todrawstacked
bar charts
W
● rite classes on X-axis.
● Write number of students on Y-axis.
● D raw a rectangle or bar corresponding to total number of students in BA Honors
Economics first year class.
● Divide the bar into two segments corresponding to number of male and female students.
● The first segment is corresponding to male students, where height of segment represents
number of boys in first year.
● The second segment is corresponding to female students, where height of segment
represents number of girls in first year.
● Similarly, draw second and third bar corresponding to total number of students in BA
Honors Economics second year and third year respectively and divide each bar into two
segments.
odrawpercentstackedbarchart,firstofallwehavetocalculatepercentageofmaleandfemale
T
students in each class.
Class oys
B Girls
Number Percentage Number Percentage
A Honors
B 18 60 2
1 40
Economics I
BA Honors 14 56 11 44
Economics II
BA Honors 8 29 20 71
Economics III
histableshows,shareofmalestudentsintotalfirstyearstudentsis60percentandthisshareis
T
56 percent and 29 percent for second year andthirdyearrespectively.Toshowthisdatausing
percent stacked bar
W
● rite classes on X-axis.
● Write percentage of students on Y-axis.
● Draw three rectangles or bars representing total number of students in BA Honors
Economics first year, second year and third year class i.e. length of bar represents 100
percent.
● Divide each bar intotwosegments.Firstsegmentshowsshareofmalestudentsinclass
and second segment shows share of female students.
Conclusion
To conclude the discussion, we can say that main focus of present discussion was to learn to
drawvariousgraphs,chartsanddiagrams.Methodstodrawdiagramsandgraphsbyhandaswell
as usingMSExcelhavebeendiscussedinthislecture.Wehaveposednumericalproblemsand
solved them by way of plotting appropriate graph for given data in the problem.