Recent Tutoring Session Reviews
"We reviewed her midterm and went over and worked through her chapter 6 quiz. The student is definitely catching on and getting much more comfortable with microeconomics. This was our best session so far!!"
"Today we covered the microeconomics homework. The first question asked us to draw a demand curve given the price and quantity axis intercepts. The second question had three parts and covered two concepts: marginal cost and average cost/break-even pricing. Before doing the second question, I quickly explained the definitions of average fixed/variable/total cost, and profit. He asked why marginal cost = marginal revenue meant that a business was maximizing profit, so I did a quick explanation of the calculus behind profit maximization. When doing the homework, we put those definitions into action, drawing three marginal cost curves and comparing the break-even prices in the short and long run for two gold mines."
"The student and I discussed equality issues in the marketplace, and how this effects MPL graphs. We talked about both racial and gender inequality in income. For example, white men almost always make more than white women and black men. We also looked at indifference curves, and how these reflect how people can get the most "bang for their buck." I explained why substitute indifference curves are completely straight and complementary ones are 90 degree angles. He seems like he really understands these last couple of chapters, which will be the only ones on the final. His final is next Friday, so we will meet one more time next Tuesday to go over the review packet that his teacher will provide at the end of this week. I asked him to go ahead and get a head start on the packet this weekend before we meet."