Recent Tutoring Session Reviews
"The student and I reviewed a brief assessment that continued to focus on policy decisions and outcomes, and also worked through an assignment with questions that included coverage of the short and long run Phillips Curve. As a result, he also was able to obtain a greater understanding of the curve, the relationship between inflation and unemployment, etc. We also reviewed questions and concepts related to monetary policy."
"Today, we focused entirely on Macroeconomics reviewing the ISLM model of loanable funds and good and services; we also reviewed chapters on GDP and CPI. He showed more confidence in the more recent chapters than older ones, but overall, he seemed relatively confident."
"We started reviewing for the midterm. He wanted to start at the beginning and review concepts at a basic level. I found PowerPoints based upon the class textbook that were helpful and we reviewed the first two units. we will try to get through the remainder of the material for the midterm tonight or do practice problems. The test is on Thursday."
"We went over questions on the relationship between consumption and income and the impact on the savings rate on marginal product of capital and the impact of investing in human capital on the marginal product of labor in open economies."
"We went over the first two chapters of her textbook. We covered opportunity cost, factors of production, human v. physical capital, marginal benefit, marginal cost, the definition of economics, micro v macro, scarcity, and production possibilities curve. The student had a hard time analyzing the material from the right angle, and we will be working on this as we go. I think we unpacked a lot, and things got clearer and will become even clearer with further tutoring."
"He worked on another practice exam and came to the session with a couple questions he was struggling with, which was a much better approach than before. The questions covered the same materials as in the previous sessions--calculating inflation rate given some known values (GDP deflators, CPIs, real and nominal interest rate, etc.), assessing the market for loanable funds, finding the value in a different year's dollars given the CPIs, etc. I used visual aids via drawing out graphs on the whiteboard, which seemed to help. He wrote out a "cheat sheet" of the equations he needed to remember, which was a good approach and improvement from before. He needs practice on recognizing when to use specific equations (based on which variables are/are not given and when the problem is asking to solve for inflation rate given price levels, GDP deflators, or CPIs across years)."