Recent Tutoring Session Reviews
"Today we went over Problem Set #4 that included concepts such as graphing economic profits, determining total revenue and total costs from a graph, long run vs. short run firm outcomes, short run vs. long run cost curves, perfect competition, and shutdown points. The student understood the material very well, and she even made an excellent point about demand in a perfectly competitive market being perfectly elastic!"
"We reviewed a series of questions on macroeconomics on basic production and savings/ investment dynamics. The questions presume a high degree of familiarity with open economy economics. She needs to brush up on basic GDP identities and current account surplus/ deficit to successfully understand the questions. We will continue to work on this."
"We reviewed Depreciation methods from Straight line, double declining balance (DDB) and MACRS methods on a 25k Automobile over a 4 year period with a salvage value of 5k. I explained the concepts to the student and reviewed some of his examples on how this is used in practice."
"We reviewed her most recent problem set; she let me know that she did very well on her last test and finished well above the class average. She didn't have too many questions on the problem set and seemed to understand the material much better than previous sessions. We will continue to work on the areas in which she is struggling with as we prepare for exam 2."
"We went over budget constraint, optimal production, demand and supply curves, as well as conceptual microeconomics for a simple one product market. The student struggled with conceptual connection between inverse supply/demand curve and pricing markets. He was actively engaged with material but seemed nervous about the test. Included study skills were the creation of graphs and how to do sanity checks in economics. Extra practice was provided through online learning platform resources. No grades were present at this time to note progress. A significant win was the student talking through a problem and being able to approach peers in class. This led to the student being confident enough to engage in discussion of class materials with classmates, a first."
"We went over competitive markets, market structure, equilibrium, types of competition, and so forth. This is the student's first econ class. She does seem to have a good intuitive sense, so getting back to basic concepts is the best strategy to understand the blocks that continue building. We will be scheduling another session on Sunday."