Recent Tutoring Session Reviews
"The student and I reviewed additional questions that focused on micro- and macroeconomic concepts. Several items that were covered were a good review of topics pertaining to scarcity: trade-offs, opportunity costs, etc. We also covered questions related to the following: demand and supply curve shifts and influences; the price elasticity of demand (and a calculation) as well as the factors influencing and interpretation of the income and cross-elasticity of demand; economic costs and implicit/explicit costs; cost behavior and profit maximization; and market structure. He had a very good understanding of the concepts, and I will be forwarding additional resources for continued study as well."
"We initiated our first session by reviewing some of the assignments questions that the student has been working on. I will send her a few notes and have provided her with a two page formula chart that should help her until we set up another session over the weekend."
"We covered Microeconomics areas that would be on the midterm, including elasticity of demand, preferences and utility, budget constraints, multiple cost inputs, and deriving demand curves. We talked through these topics while reviewing an example test that the instructor released with some answers and commentary. I encouraged the student to continue to rework problems from the example test to prepare for time-pressure during the midterm."
"The student worked through a practice Cobb-Douglas question from micro. This took awhile as it was fairly intensive, but he is doing quite well with the topic. We reviewed (very briefly) a few of the macro concepts from last time. At the end of the session, he showed me his econometrics project and I gave him a little bit of feedback."
"We went over materials for the student's upcoming test. We did a few problems relating to elasticity and consumer/producer surplus, and we went over concepts from the class PowerPoints that she did not completely understand. She is definitely getting stronger with the math and graphing concepts now that she understands the formulas presented to her. We also previewed her upcoming chapter because she was taking her test sooner than the rest of the class."
"We covered the budgeting process, including expected cash inflows, outflows, and direct material needs. We also covered a budgeted income statement. The student's attitude toward this was good, but all the information provided in problems may be overwhelming. This is normal for accounting questions. I explained that when there is a bunch of information in the body of the question, read the actual requirements first so that you can write down pertinent information as you go."