Recent Tutoring Session Reviews
"We went over the determination of market equilibrium under monopoly and perfect competition. We also discussed the distinction between marginal revenue and average revenue/marginal cost and average cost and why under perfect competition in the long run equilibrium occurs where price = average cost = marginal cost. We went through problem sets from the student's class."
"Today we went over monopolistic competition, perfect competition, oligopoly, monopolies, total costs, implicit costs, explicit costs, economic profit, normal profit, accounting profit, variable costs, fixed costs, average variable costs, average total costs, graphing cost curves, and long run perfect competition prices. The student understood some of the concepts and she will continue to work on the homework. I will logon to her homework from time to time to help her and see how she is doing. "
"The student and I had a great initial session. We first focused on a plan of action in order to prepare and complete the overall review process of economics, as well as financial accounting. I was able to obtain more information on the anticipated course expectations and easily identified the possible textbooks that would be used for her micro-and macro- courses. With her preference of starting a review of microeconomics first, I was then better able to connect the concepts with how items may be presented to her based upon the materials resulting in comprehensive coverage. We were able to complete the first few chapters up to supply and demand, and I provided her with a brief homework assignment that we will review during our next session."
"The student and I went in detail over the basic assumptions of MLR and went through a series of examples of why they make sense, including on a practice midterm he had. We also reviewed interpreting the results of regression results, including sign, size and significance. He was good about asking questions and asking for examples."
"The student and I went over her final study guide. We reviewed more than a dozen problems via the online meeting. We reviewed how monopolists make decisions in markets, what does and does not shift curves, the relationship between leisure and income, and the role of indifference curves in making optimal choices. She understood issues quickly and, like always, is great at asking questions when she needs more information."
"The student and I went over two price, demand, and elasticity problems. We discussed how concepts such as changing demand, price, and income affect the curve of the demand graph. Next time, I want to get an idea of what topics she wants to review so that I can help her with specific concepts."