Graduate Economics courses are academically rigorous not only because they expect students to master several economic principles, but also because they place a strong emphasis on written arguments and real life applications of the material studied. If you find your course syllabus overwhelming, Varsity Tutors can refer you to an experienced Graduate Economics tutor to make it easier to digest.
Here are some of the key concepts commonly explored during Graduate Economics tutoring sessions:
- Consumer and Firm Behavior
- Game Theory (including complete and incomplete information problems)
- Growth Theory
- Unemployment's Impact on Economic Production
- Asset Prices
- Analysis of Economic and Financial Networks
- Economic Research and Analytical Writing
Students who see Economics as a math-related field may find some of these topics off-putting. For example, the game of Chicken (in which two people drive toward each other until they crash or one "chickens out" by swerving out of the way) makes little sense to the rational mind, as winning the game is not worth the risk of a fatal collision. However, the fact that the other party presumably wants to avoid a collision as well allows players to take a calculated risk and not swerve. Game Theory attaches numbers to this scenario in order to calculate the ideal strategy for each player, transforming the irrational into a rational math problem. Likewise, students who are great with numbers aren't always the best at writing essays. If that describes you, your Graduate Economics tutor may teach you how to outline your thoughts to make the process easier. Not only does this give your work a logical structure, it also gathers all of your supporting materials together for easy reference.