Mnemonic Monday

Mnemonic Monday - Party Season Nearly Christmas!

It seems that Christmas festivities start earlier and earlier each year, so this mnemonic is rather fitting at the beginning of November.
This is a great one for remembering cross price elasticity.

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Mnemonic Monday - Supply factors

This weeks mnemonic hopefully will help students remember the factors which cause the supply curve to shift. PINTSWC

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Mnemonic Monday - Demand factors

So as we all embark on teaching demand and supply I thought it would be a good idea to remind ourselves of the useful mnemonics for this topic.
This week we will look at the factors which cause the demand curve to shift.

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Mnemonic Monday - Fiscal Policy

This weeks mnemonic is the way my students remember what fiscal policy is.

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Mnemonic Monday - The role of profit in an economy

This weeks mnemonic looks at the role of profit in an economy - FARSI

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Mnemonic Monday - Functions of the Price Mechanism

This weeks mnemonic will help students remember the functions of the price mechanism.

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Mnemonic Monday - Exchange rates

Here we go again, its almost the start of the term, you have probably spent all of your holiday money and are raring to start studying again! And so we start back with our first mnemonic of the academic year. This week we are going to look at how a strong pound will affect the competitiveness of exports and imports.

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Mnemonic Monday - Cross Price Elasticity of Demand

As with Super Starter Sunday this is going to be the last mnemonic of this academic year, it will return in September. This weeks mnemonic is perhaps a little out of place in the middle of summer!

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Mnemonic Monday - Factors that shift supply

Last week Innes looked at factors that cause the demand curve to shift, so it naturally follows that this week I should do factors that cause the supply curve to shift. I find students have more difficulty remembering supply factors, perhaps because it is less familiar to them.

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Mnemonic Monday – Factors that shift demand

One of the most important skills at GCSE Economics is to be able to identify factors which shift the demand and supply curves, especially in the OCR paper where an almost identical 12 mark question appears every year without fail.  Here is a check-list of factors which will shift the demand curve ( and yes… you’ve guessed it - next week there will be a mnemonic on factors leading to a shift in the supply curve)

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Mnemonic Monday - price elasticity of demand and total revenue

Today we are going to look at the relationship between price elasticity of demand and total revenue. For GCSE (and A Level) students it is sometimes difficult to remember what a business must do to price in order to increase total revenue.

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Mnemonic Monday - Economies of Scale

This weeks mnemonic is great for learning the types of economies of scale. Economies of scale are defined as when a firm grows larger long run average costs fall.

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Mnemonic Monday – Government’s main macroeconomic objectives

This week’s mnemonic is the basis of my macroeconomic teaching. It allows you to set up a really good wall display, possibly featuring Tony the Tiger.

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Mnemonic Monday – Price elasticity of supply

This week’s mnemonic is for factors affecting price elasticity of supply

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Mnemonic Monday

I intend to add a new mnemonic to this blog every Monday. Today: factors affecting price elasticity of demand.

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