Recent Tutoring Session Reviews
"Today, I taught the student about aggregate demand, wealth effect, exchange rate effect, interest rate effect, reasons why ad is negatively sloped, reasons why lras is vertical, shifters of lras, shifters of sras, reasons why sras is positively sloped, and shifters of sras. He began to understand these concepts. As I said in the previous session notes, I highly advise for him to do the readings. It'll help him get a full understanding behind the graphs."
"We reviewed solving for profit maximization when given the demand function and cost function. We practiced taking derivatives to find marginal cost and marginal revenue. We solved for point elasticity."
"We reviewed the rest of her study material that her professor provided her for her exam. She did a great job at interpreting the information in her own words and working through the word problems to visualize the solutions. As she continues throughout the course, she will become more comfortable with associating the right answer choices with the word problems. The one area she was a little weak on was elasticity; however, this is a hard concept in economics. As we continue to meet we will continue to solidify this idea."
"We went over problem set 4, which covered the topics of utility maximization with budget constraints, gains from trade, discount factors, and uncertainty. The questions were less complex mathematically than previous problem sets, but some of the wording was trickier. She had a very positive attitude and a lot of great ideas. Compared to previous sections, she seems to be developing more confidence in her own abilities and was more likely to suggest her own solutions rather than waiting for me to tell her what to do."
"The students and I had a great session, and we focused on reviewing several multiple-choice questions and short answer questions related to monopolies, the concept of deadweight losses, and whether or not monopolies should be illegal, as well as the analysis of a profit maximizing price and quantity and impact of property tax reductions upon a market. They found the session to be valuable and good insight was provided regarding several scenarios because of the practical understanding of certain economic concepts (e.g., increasing exposure to the market)."
"We continued to go over some of the basics of multivariate regression. The student is understanding more and more of it. We reviewed the rest of his homework #4, including applications of significance testing, joint hypothesis testing, and what constitutes SSE."