Hi guys,

One of the biggest problem that students face is trying to memorise all the information in Economics for their essay.

For example,

Attachment (1)

Here we have factors affecting demand and supply, factors affecting elasticity of demand and supply etc.

We try to put them into acronyms and we have EGYPT WET PIGS TIN CAN and SCENT.

Here is my solution. Use mnemonics and put them into a picture for easy memorising. So in my mind, the picture looks something like the one below.


It works all the time! I have another one for Market Failure here.

Have fun!