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)

PASIFIC (I know what you’re thinking… that’s not how you spell Pacific and you would be right but it’s the way I was taught it by my Mum who is also an economics teacher and it’s worked so far both for her pupils and mine.)

Population
Advertising
Substitutes
Income (Disposable)
Fashion and Taste
Income tax
Complements

Demand and supply in action - oil prices [4 Jan 2012]
Demand and Supply in action - chocolate prices soar [13 Dec 2011]
Demand for Christmas [28 Nov 2011]
Price Elasticity of Supply [27 Nov 2011]
Demand and Supply in action - The Christmas turkey [14 Nov 2011]
Mnemonic Monday - Supply factors [31 Oct 2011]
Mnemonic Monday - Demand factors [24 Oct 2011]
Luxury items buck the trend [12 Oct 2011]
Demand and Supply in action - fish and chips [21 Sep 2011]
Demand and Supply in action - pumpkins [19 Sep 2011]
Cost cutting at Cadbury [5 Sep 2011]
To rent or buy that is the question [7 Jul 2011]
Demand and Supply in action - strawberries and raspberries [18 Jun 2011]
Demand and Supply in action - Chocolate digestives [18 May 2011]
Demand and Supply in action - Fake tan sales soar [16 May 2011]
Demand and Supply in action - Bumper strawberry crop [10 May 2011]
Demand and Supply in action - Porridge sales surge [6 May 2011]
Demand and Supply in action - The Market Bag [4 May 2011]
How many Easter eggs did you have? [4 May 2011]
Demand and Supply in action - Bye bye white bread? [5 Apr 2011]
Demand and supply in action - where to buy a cheap house [26 Mar 2011]
Competition in Action - Computer games [1 Mar 2011]
Demand and Supply in action - Eggs [28 Feb 2011]
It’s a strange world! [25 Feb 2011]
Demand and Supply in action - Great video [17 Feb 2011]
Demand and supply in action - That Kate Middleton dress [13 Feb 2011]
The power of advertising [7 Feb 2011]
Demand and supply in action - Cost of cashmere set to rise [3 Feb 2011]
Demand and supply in action - Price of oil rises to $100 per barrel [1 Feb 2011]
Delicious data - food prices [25 Jan 2011]
Demand and supply in action - Bagpuss [21 Dec 2010]
Take That add tour dates to keep up with demand [8 Dec 2010]
Demand and supply in action - Brussel sprouts [6 Dec 2010]
It’s Manic Monday! [29 Nov 2010]
Demand and supply in action - Waitrose Christmas pudding again [29 Nov 2010]
Demand and supply in action - Sales of Christmas cards plummet [28 Nov 2010]
Demand and supply in action - Waitrose Christmas pudding [23 Nov 2010]
Demand and supply in action - renting v’s buying [22 Nov 2010]
Demand and supply in action - we’re going bananas for pyjamas [14 Nov 2010]
Demand and Supply in action - turkeys shrink as prices rise [13 Nov 2010]
Demand and Supply in action - the pocket toilet [11 Nov 2010]
Demand and Supply in action - is the wristwatch on its way out? [3 Nov 2010]
Demand and Supply in action - Fireworks [1 Nov 2010]
Demand and Supply in action - Halloween costumes [31 Oct 2010]
Delicious Data (5) - House Prices One More Time [29 Oct 2010]
Demand and supply in action – The Dying Art of the Kimono [29 Oct 2010]
Demand and supply in action - Death of the bidet! [23 Oct 2010]
Demand and supply in action – fake Christmas trees are in vogue! [13 Oct 2010]
Delicious data (4) - House Prices again [8 Oct 2010]
Possibly the best video to start the week! [4 Oct 2010]
Delicious Data (3) - House Prices [20 Sep 2010]
Demand and supply in action - the housing market again [17 Aug 2010]
Demand and Supply in action - the housing market [19 Jul 2010]
‘Cup a wine’ takes off [15 Jun 2010]
Increased price of cotton ends the era of cheap jeans - demand and supply revision [24 May 2010]
Demand and supply in action- Asparagus [4 May 2010]
Demand and supply in action - nail varnish [31 Mar 2010]
Demand and supply in action - calls for a rise in tax on tobacco - [7 Mar 2010]
Demand and supply in action - the demise of Hummer - [25 Feb 2010]
Champagne exports drop - YED in action [20 Feb 2010]
Valentines woe for Kenyan flower growers [15 Feb 2010]
Winners and losers of the big freeze [7 Jan 2010]
Surge in demand for home grown Christmas trees [11 Dec 2009]
Go Go’s gone! [1 Dec 2009]
It’s Mega Monday! [30 Nov 2009]
Petrol prices set to rise [19 Nov 2009]
Toy shortage at Christmas?! [11 Nov 2009]
Super Starter Sunday - Beat the Teacher 2 [4 Oct 2009]
House prices rising but could it all be about to stop? [3 Oct 2009]
Stamps to go up by 3p - Price elasticity of demand [30 Sep 2009]
Video starter for a lesson on the law of supply [27 Sep 2009]
Demand and Supply in action - cocoa shortage to affect price of chocolate [24 Sep 2009]
Demand and supply in action - fall in demand for apples [22 Sep 2009]
Demand and Supply in Action - Second hand car prices rise [13 Sep 2009]
Cash for gold [31 Aug 2009]
Would you buy a car on ebay? [12 Aug 2009]
25 per cent unemployment in the Canary Islands [19 Jul 2009]
Is saving back in fashion? [9 Jul 2009]
Mnemonic Monday - Factors that shift supply [6 Jul 2009]
Mnemonic Monday - price elasticity of demand and total revenue [22 Jun 2009]
Are we ready for Wimbledon? [21 Jun 2009]
Mnemonic Monday – Price elasticity of supply [1 Jun 2009]