Communicating
Data visualization and tables are crutial tools in applied economics, to explore, diagnosize and communicate.
This session aims to helping you develop essential skills to communicate your econometrics analyses. It focuses in particular on producing effective data visualization.
Summary
A significant portion of communicating economic research results-whether in presentations or written papers—relies on graphs, visuals and tables. This session aims to help you develop essential skills for effective data visualization and table-making and sharpen your interest and awareness of the topic. It discusses the importance of good visualization and tables, describes a conceptual approach that can help us design our graphs and tables and suggests general best practices.
Session Outline
Why good data viz matters?
- What do we use data viz for?
- Why make good data viz?
What are the characteristics of good data viz?
- Tell a story
- Cognitive load
- Data viz theory
How to make an ok data viz?
- Non-negotiable rules
- Good practice
- Choosing a type of graph
Communicating in economics
- Exploratory data analysis
- Regression tables
Main take-away points
Materials
Specific resources for this lecture
Handbooks
Here is a short list of useful applied data visualization handbooks:
- Fundamentals of Data Visualization provides a great code-free introduction to data viz.1
- Modern Data Visualization with R and Data Visualization - A practical introduction both discuss key data viz concepts and teaches you how to apply them in R and ggplot.
- R for Data Science provides a nice introduction to ggplot, THE package to build plots in R. To go further you can read this book.
Additional resources on data viz
There are massive amount of resources on data viz. Here is a subset, based on the lecture outline:
Why good data viz matters?
- What do we use data viz for?
- Allows to synthesize large amount of data
- Explore, explain and make inference
- Why make good data viz?
- Visualizations can be deceptive
- Credibility
- Credibility and typography
- Reasons to make beautiful graphs on credibility and aesthetics
- In defense of simple charts
- What do we use data viz for?
What are the characteristics of a good data viz?
- Tells a story
- Limits the cognitive load
- Leverages principles from data viz and perception theory
- More on Gestalt principles (plus a research article)
- How to find and create good color palettes on
- Data-to-ink ratio
How to make an ok data viz?
- Non-negotiable rules
- Good practices
- Concrete recommendations
- Do’s and don’ts
- Choose a plot type
- Know what exists: graph galeries
- What questions to ask when creating charts
- Decision trees for a graph type
Communicating in economics
Main take-away points
References
Footnotes
Although R code can be found on the book’s GitHub if needed.↩︎