Recent Tutoring Session Reviews
"We reviewed the first midterm exam questions and answers in preparation for the final exam. The student worked hard and did a great job!"
"We reviewed some concepts from chapters 10 through 13 in order to prepare for her upcoming final exam. The topics covered: IS/MP curves, interest rates and inflation, the economy's response to fluctuation in oil prices, positive and negative shocks and types of unemployment."
"I guided the student through the material in Chapters 5-8 of her course. We also caught up her on her assignments from Week 1."
"I met the student for our first tutoring session to give him a head start on beginning Economics. I had arranged an agenda that provided a basic introduction to the subject. We covered a number of topics such as: What is Economics? How does Microeconomics differ from Macroeconomics? The nature of economics as the study of optimal decision making under resource constraints. We talked a bit about the nature of the decisions made by consumers, workers, and firms and the role of prices in a non-centralized economy. We spent some time understanding real versus nominal prices and how to deflate nominal prices by the CPI. We then discussed the nature of the demand curve for a good or service and what things would produce a shifting of the curve. We did the same for the supply curve leading to the notion of equilibrium. We discussed what impact a price ceiling had on demand and supply and the fact that it exacerbates supply shortages and produces the need for rationing or other non economic means to allocate goods. We briefly introduced the nature of a good that is price sensitive versus goods that are not price sensitive. We discussed the fact that some goods like refrigerators are quite price sensitive in the short run but not the long run and other goods like gasoline are price insensitive in the short run but more price sensitive in the long run. We used this idea of price sensitivity to introduce the concept of demand elasticity. We will come back to elasticity in our next session."
"Went over problem solving for a few math-related economics problems and reviewed some introductory topics that would be on the midterm exam."
"The student and I discussed his strengths and weaknesses in this course. I was so pleased to find he had some quick recall of terms and concepts! We covered the distinction between macro and microeconomics, types of economic systems, types of economic resources, types of goods/services - using variables C, I, G, EX and IM, definition of GDP, real GDP per capita, GDP for the US, trade deficit and surplus, sources of economic growth (e.g., labor, capital, total factor productivity) and downturn, and definition of supply and demand."
"We covered supply and demand, production possibilities frontiers, complements vs. substitutes, and the distinction between micro and macro economics. We completed problems from chapters 1-6."
"We reviewed aggregate supply/demand, monetary/fiscal policy, and a handful of other subjects. The exam is on Wednesday, so we may meet one more time to review beforehand."
"The production function Marginal Product Average Product The Oligopoly Market The Monopolistic Competition"
"Went through consumer choice, principle of economics, competitive advantage, opportunity cost, and some basic graph math."
"The student and I looked over his first test and went over almost all the questions. It was a lot of review from principles classes which I could help him out with no problem, and then some factual knowledge that he is going to look up on his own. The session went well."
"We talked about some of the topics she had covered in class, spending a lot of time on the role of the federal reserve and what the required reserve ratio means for individual banks."