Recent Tutoring Session Reviews
"Today we reviewed marginal cost, marginal revenue, profit-maximizing level of output, average costs, and economic profit. I also taught the student new concepts including economies of scale, long run average total cost, diseconomies of scale, perfect competition, market vs firm graphs, long run results of perfect competitive markets, and short run analysis of perfect competition. I advise him to pay attention to his use of vocabulary when analyzing his graphs. It is crucial to understand the differences in the types of costs and curves. He did very well today when I asked him questions."
"I went over the student's homework 4 assignment for his Microeconomic Theory class, which covered graphs for marginal; average variable; average total; and average fixed costs and calculating revenue, cost, and profit functions for a monopoly."
"In this session, we covered much of the basics of bank balance sheets. We went in depth regarding liabilities and bank capital, and we also discussed different ways in which banks can meet their reserve requirement. In the next session, we will discuss different forms of assets and continue on to ROE, ROA, and GAP analysis."
"Our final homework session went well. The readings were on monetary policy and government policy. She handled these readings better than the macroeconomic readings in the past sessions. She is ready for her final on Saturday."
"The first two problems we dealt with were on setting optimal prices for various classes of customers. Problems 3 and 4 dealt with gaming theory and how firms react to actions taken by competitors. We will continue to work on this next session."
"The student and I covered his coursework and the timetable he should take to finish his required economic course. We also covered the materials that he could use during his coursework and reviewed supply and demand theory. I left him to cover the next two required chapters before his midterm."