Recent Tutoring Session Reviews
"I attended the student's first, two-hour lecture in order to acquire PowerPoint slides and a syllabus from the professor. We discussed the following material: rational agents, opportunity cost, "on the margin" and factors of production We also talked about positive vs. normative science, independent and dependent variables (i.e., x and y axes), scatter diagrams, time-series graphs, trends and stock vs. flow variables. We then reviewed positive vs. negative relationships, convex/concave curvilinear functions, calculation of slope, ceteris paribus, and the illustration of why a right-shifted demand curve is a shift against the independent (e.g. Price) variable and thus also an upward shift."
"We continued our discussion of surplus and added international trade and started working with externalities. We also reviewed flashcards."
"Balance of Payments International Trade Absolute and Comparative Advantage Law of Diminishing Marginal Utility Production Possibility Frontier"
"We covered three chapters from the textbook: 1. The Market Strokes Back. 2. International Trade. 3. Macroeconomics: The Big Picture. The student had already gone through the chapters beforehand so we solved the self-test quizzes together on the three chapters above. He had a good understanding of the macroeconomics part of the questions, but wanted clarification on the international trade. For the next session, he said he will go through the questions himself first to get an idea of which topics he explicitly needed help with and I thought that was a great idea."
"We reviewed the student's first problem set on supply and demand. I asked him to reconsider his answer to why price moves toward equilibrium rather than the definition of equilibrium. And asked him to show graphically change to quantity of demand (he had already shown shift in demand). Then we worked on some problems about elasticity. We reviewed derivatives and I think we'll need more work on basic algebra."
"We reviewed the concepts that have been covered in the economics class so far. She is not so concerned about the equations that she needs to know, but rather how to apply them."
"The student and I worked on a past test that his economics professor assigned. We went over several types of problems."
"Reviewed previous test covering elasticity of supply equation. Reviewed current lecture on oligopoly and monopoly."
"Correlations between substitute, complementary, and inferior goods v. markets, demand, supply, and external market controls."
"Finished remaining practice questions with the student and went back through a series of questions she identified as needing to go back through and clarify with her. She is much better prepared for her test than she was."
"We began discussion of Chapter 3 involving the history, evolution, and benefits of trade. We covered the advantages of specialization of producing products and absolute advantage vs comparative advantage."
"I discussed elasticities with the student, as well as surplus and taxation. I feel he is well-prepared for his upcoming examination."