Mnumonics

[Nialllovespie]

Are there any Economics preferably from topics 1 and 2 to help us remember the content?

Thanks in advanced!!

Nia

[iStudent]

These are some of the stupid mnemonics I made, lol (which may or may not make sense, but certainly helped me).

FITTM (economic indicators of globalisation
Financial flows, Investment, Trade, technology, migration

FATTIE (reasons for differences between nations)
   FATTIE:
      F - Financial architecture
      A - Aid and assistance
      T - Technology flows
      T - Trade system
      I - Institutional factors
E - Economic resources

CETBERG (BOGS factors)
   CETBERG:
   C - Capacity constraints
   E - Narrow Export Base
   T - Terms of Trade
   B - International business cycle
   ER - Exchange rate
   G - Domestic economic growth

BISER (Net primary income factors)
   BISER
   B - International business cycle
   I - International and domestic Interest rates
   S - Savings
ER - Exchange rate

G-SLICER (Effects of high CAD)
   Risks:
   G-SLICER:
   G - Economic Growth
   S - Servicing costs
   L - Foreign Liabilities
   I - Investor confidence
   C - Contractionary economic policy
ER - Exchange Rate

   • factors affecting the demand for and supply of Australian dollars
ROSTIC ICT
R - Interest rates
O - Investment opportunities
S - Speculators
T - Tastes and preference
I - Inflation rate
C - International competitiveness

I - Level of domestic income
C - Commodity prices
T - Terms of trade

[Nialllovespie]

Hi!! Thank you so much!!

These are great! Anyway to help remember the content is great

THANKYOU!