Recent Tutoring Session Reviews
"We went over the basics of the four market types: perfect competition, monopolistic competition, oligopoly, and monopoly. We drew a few graphs for perfect competition and monopoly, went over their key characteristics (barriers to entry, firm vs. market graphs), and explained why certain types have larger profits than others."
"This session we covered marginal utility, budget curves, isoquants, isocosts, and decision making by firms and consumers. It is still a balance between going through each lecture detail by detail and skimming the basics to solve the homework problems. In the next few sessions we will continue to explore what is most helpful for explaining concepts (being general or using the homework problems as examples). Next session, it would be helpful to have a better idea of what could be covered each session and the flow of the course, including understanding what is due when. Her homework scores continue to be strong."
"We worked on outlining his next paper for Chapter 4, closely following the prompt for the assignment provided by his professor. He will work on expanding the outline using class resources and find case studies to be used in his paper. He plans to write 1.5-2 pages before we meet again tomorrow to continue working on this paper."
"Today we went over the lecture and the student's quiz. The ideas of monopolies and their effect on markets, and their specific demand and MC curves were covered. Price effect and quantity effect (bad and good effects, respectively) were covered, and that was tied into the ideas of elasticity (which the student already had a solid grasp on). The fact that monopolies are different from regular perfectly competitive price taking firms in that MC=MR as opposed to P=MC was emphasized. The student's quiz covered topics from that lecture. The last problem on calculating the P/Q effect stumped her, but we worked through it together and deduced possibilities."
"We looked through and discussed the slides for chapters 6 and 7, then discussed the quiz for those two chapters. The student will email me information for her upcoming assignment and to schedule our next session."
"We covered basic supply/demand economics. The student mainly has confidence issues but can do problems correctly with encouragement. She's made lots of progress since last lesson, especially w/r/t fixed vs marginal costs and average costs."