Recent Tutoring Session Reviews
"The student and I continued to review concepts from Chapter 6 related to price controls and taxation. We first briefly reviewed the earlier concepts, and then finished the chapter on taxation. We discussed the calculation of the effect of the tax referring to the new price of a seller versus a buyer depending upon who is responsible for the tax, and we saw this from a graphing perspective. We also covered the "incidence" of tax, and the student learned how this could change depending upon elasticity factors. (E.g., If a seller has greater elasticity (supply), the tax burden is more on the buyer. However, if the buyer has greater elasticity (demand elasticity or "flexibility), the tax burden is more on the seller.) He learned that "burden" means who ends up losing more or paying more due to the tax. We also started Chapter 7 and have reviewed several slides related to consumer surplus."
"In our third session, we covered most of the rest of the macro course by doing a practice exam together. I provided at the end of the session some online resources to help with remaining trouble areas."
"We went through the final draft of her IA, checking the sources and the analysis of the data. Suggestions related to the organization of ideas and layout were made. We discussed different approaches to the analysis of the data and the business tools to use. The student had an excellent attitude."
"The student and I used today's session to review the homework and test questions that he answered incorrectly since the course began last fall. We talked about the differences between the impact of price on the quantity demanded and supplied, which is represented by a movement along the existing demand and supply curves, and the impact of any other factor, which results in a shift of the demand or supply curves to the left or the right. We went over marginal utility and cross-price elasticity. I am going to send him a link to the AP Micro and AP Macro flashcards, which I think will be a great study tool that he can use on his own before his final in two weeks."
"During this session, the student and I went over all of the information that he has covered over the past semester. We started with concepts like opportunity cost and trade and went all the way up to the AD/AS and money supply models. This was in preparation for his final tomorrow."
"The student and I covered monetary policy and T-accounts. We went over the supply of money and specifically the meaning of M1, M2, and M3. Then we worked on balance sheet problems to make sure that he understood and could apply the concepts."