Recent Tutoring Session Reviews
"The student and I primarily reviewed two follow up concepts to assist him in preparing for his test. He stated that he felt comfortable with a number of the "early" concepts covered including supply and demand. Therefore, we reviewed the circular flow model in order to understand the directions of the circle, and discussed how going counter-clockwise, the initial focus can be on households buying goods and services and providing revenue to firms that in turn pay wages, etc., to households who take the money to buy goods and services. Clockwise, the firms will acquire resources/ factors of production from households (e.g. labor) who produce goods and services that are sold. We also reviewed the production possibilities curve/ frontier in order to better understand the concept of opportunity cost. We worked through the car/ computer example, and I am forwarding notes to him."
"The student and I had a very productive session going through some fundamental macroeconomics concepts. We covered a lot of ground as we looked through the definitions of GDP and the two measures of calculating it. We also looked at the AD/AS model and how fiscal policy ties into it. We decided to focus on monetary policy and the IS/LM model at our next session and he will go over his notes once more before we meet to try and see if there is extra clarity now that we have gone over the material together. He had a generally positive attitude towards the material that we reviewed. He spoke of how the session was helpful in his grasping of certain concepts that were not immediately clear the first time he went over them."
"We worked on prep for the next exam, focusing on the newer topics and a practice exam. Tomorrow, we will complete the practice exam, most of which is material we have covered before."
"The student's test got moved to tomorrow. Today, we went over workbook problems. The problems covered nominal and real interest rates, the classical theory, macroeconomic history, and unemployment. Towards the end of the session, he could typically reason out the answers with little assistance from me."
"We reviewed the principles of economics, the circular flow diagram, the production possibilities frontier, comparative advantage, absolute advantage, opportunity cost, prices at which trade will occur, and gains from trade."
"We did a study session for the midterm covering chapters 9 and 10, specifically highlighting aggregate supply and demand, as well as the classical and Keynesian models of economics. The student had questions mostly on specific areas of the Keynesian model and aggregate supply. He was definitely confident about the exam, and that's a good sign, seeing as he started off a little less than sure of himself, but lately he has gotten more confident with the material. I reinforced some tips on taking multiple-choice exams with using process of elimination and drawing graphs for a visual aide if none are provided."