Make-Up+Essays

Make-Up Essays

Here you will find the FRQ Make-Up Essay for each week. I will try to tweet when it is up, but it is still up to you to do it. You will have until the next Friday to do the essay, unless it is the last week of the six weeks, and then you will have until grades are due. You will receive half the points back for a good essay. I will take away points for essays that do not meet my expectations. When in doubt, ask questions.

Make up Essay for GDP due 9/30
 * What does GDP stand for?
 * Define GDP.
 * What are the two ways we can calculate GDP?
 * What is the formula?
 * What does each letter in the formula mean?
 * What is the largest component of GDP?
 * How is GDP related to the business cycle?
 * Explain all the stages of the business cycle.

Make up Essay S&D Due 9/27
 * Draw and correctly label a supply and demand graph
 * Define demand
 * What are the determinants of demand?
 * Define supply
 * What are the determinants of supply?
 * Make up two examples of what would increase the demand.
 * Make up two examples of what would increase the supply
 * Make up two examples of what would decrease the demand.
 * Make up two examples of what would decrease the supply.
 * What is the difference between demand and quantity demanded?

Make-up Essay PPC Due 9/9
 * What is scarcity?
 * What are the four assumptions of a PPC?
 * What are the four economic resources/factors of production?
 * List three changes in the assumptions, one change per assumption, that will increase the PPC.
 * List three changes in the assumptions, one change per assumption, that will decrease the PPC. They cannot be the opposite of your previous answers.
 * What economic concept does PPC illustrate?