This lesson discusses concavity of graphs and relates it to the rate of change of a function. There are four types of concavity: increasing and concave down, increasing and concave up, decreasing and concave down, and decreasing and concave up. The direction a graph bends depends on whether the rate of change is increasing or decreasing. An example of an increasing concave up graph is a salary function, where salary increases more over time as experience grows.