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Kate
Verified Applied economics Tutor

Kate

MS Massachusetts Institute of Technology
BA Massachusetts Institute of Technology
AP Calculus BC
AP Calculus AB
College Algebra
Pre-Calculus
50+ more

I'm available to tutor biology, chemistry, physics, math from Algebra up through AP Calculus, SAT test prep, and French. I've been tutoring students in science and math for 7 years. I also spent 8 mon...

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Jai
Verified Applied economics Tutor

Jai

BA Stanford University
Calculus
Algebra
Electrical Engineering
ACT Writing
20+ more

I'm a recent Stanford graduate (Electrical Engineering and Computer Science), and have been working at a major Management Consulting firm for a few years now. I personally scored a 2360 (out of 2400) ...

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Verified Applied economics Tutor

Jessica

PhD Nova Southeastern University
BA University of Pennsylvania
College Algebra
Calculus
Algebra
Honors Chemistry
48+ more

I am a licensed physician from Florida who is currently changing careers. I graduated from the University of Pennsylvania in 2009 and have extensive tutoring and editing experience. While a student, I...

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Verified Applied economics Tutor

Rhea

BA University of Chicago
AP Statistics
AP Calculus BC
AP Calculus AB
Pre-Algebra
46+ more

I am a current student at the University of Chicago. I am working towards a Bachelor of Science in Biological Sciences, and I am on the pre-medical track. I am extremely passionate about tutoring, and...

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Verified Applied economics Tutor

Jeffrey

BA University of Notre Dame
Doctor of Philosophy, Mechanical Engineering Rice University
Pre-Calculus
Geometry
Calculus
Algebra
26+ more

I am enrolled in the Mechanical Engineering PhD program at Rice University which will begin Fall 2020, and I am hoping to return to academia as a professor after earning my PhD. In the meantime, I am ...

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Verified Applied economics Tutor

Erika

MS Harvard University
Pre-Algebra
Middle School Math
Calculus
Algebra
33+ more

I am available to tutor middle and high school math, history and test prep. I have tutored math and history in the past and I previously taught a test prep course at a school in Hanoi, Vietnam. I have...

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Verified Applied economics Tutor

Pinelopi

BA Duke University
Pre-Algebra
Pre-Calculus
Geometry
Calculus
22+ more

I am a Duke University graduate with a Bachelors degree in Psychology. I have experience tutoring all levels of Spanish language, all sections of the SAT, as well as algebra, pre algebra, geometry, an...

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Verified Applied economics Tutor

MaryAnn

BA University of Pittsburgh
Calculus
Algebra
SAT Reading
SAT Writing and Language
18+ more

I am a published author who has enjoyed “coaching” our daughter, as she navigated through high school, college and graduate school. I mentor college juniors who are seeking careers in financial servic...

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Verified Applied economics Tutor

Annie

BA University of California Los Angeles
Current Grad Student, MD Drexel University College of Medicine
Pre-Algebra
Middle School Math
Calculus
Algebra
25+ more

I am currently a second year medical student. I was a Physiological Sciences major at UCLA (class of 2015), and pursued research during my gap year between undergrad and medical school.

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Verified Applied economics Tutor

Sharon

MS Columbia University in the City of New York
BA University of Chicago
Pre-Algebra
Middle School Math
Calculus
Algebra
26+ more

I am a graduate of the University of Chicago, and I will be starting a graduate program at Columbia in August. I am about to complete a year of service with City Year, an education non-profit that pla...

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Testimonials

Because the right applied economics tutor makes all the difference.

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Worked with an Applied economics Tutor

Your customer interface is A+, being your agents or your site, The tutor you found for me is perfect, no formulas or canned lectures but easy flowing lecture addressing my needs. Congratulations for a job well done.

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Julio Aranovich
Worked with an Applied economics Tutor

Heejin has been very patient with me. I work a full time job sometimes even on the weekends. It has been a slow process with my Korean classes, but Heejin has been wonderful and patient.

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Angela Hussein
Worked with an Applied economics Tutor

My son has had many quality tutors through this convenient service, and he can hop on at any time of day to get support for a homework assignment or test. It's very convenient and effective.

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Tara R
Worked with an Applied economics Tutor

I've been working with my tutor for a few months now and the progress has been remarkable. The personalized attention and tailored lessons made all the difference compared to in-classroom learning.

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Michael Chen
Worked with an Applied economics Tutor

The flexibility of scheduling combined with the quality of instruction is unmatched. I can get help exactly when I need it, whether that's late at night or early in the morning before a test.

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Priya Patel
Worked with an Applied economics Tutor

My daughter went from dreading her sessions to looking forward to them. The tutor made the material engaging and built her confidence in ways I never thought possible. Highly recommend.

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Rebecca Williams

Frequently Asked Questions

Students often find marginal analysis and opportunity cost conceptually challenging—not because the formulas are complex, but because they require thinking about trade-offs and incremental changes rather than absolutes. Supply and demand curve shifts, elasticity calculations, and understanding how price ceilings/floors create market inefficiencies are also common sticking points. Additionally, many students struggle to connect these theoretical concepts to real business decisions like pricing strategies, inventory management, and investment analysis. A tutor can help bridge that gap by working through actual case studies and market scenarios rather than just drilling definitions.

Financial modeling requires both conceptual understanding (time value of money, discount rates, cash flow timing) and technical execution (building spreadsheets, calculating NPV, IRR). A tutor can walk you through why we discount future cash flows, how to construct a pro forma income statement, and how to interpret the results—not just plug numbers into formulas. They can also help you practice building models from real company data, so you understand when and why different forecasting methods (linear regression, scenario analysis) are appropriate. This hands-on approach builds the judgment you'll need for CFA prep or MBA programs.

Rather than memorizing ratio formulas in isolation, effective tutoring focuses on what each ratio actually reveals about a company's health—liquidity ratios show short-term solvency, profitability ratios reveal operational efficiency, and leverage ratios indicate financial risk. A tutor can help you analyze real balance sheets (from companies you recognize) and compare ratios across competitors to see how financial structure affects performance. Understanding the relationships between ratios—like how high debt ratios might boost ROE but increase financial risk—helps you think like an analyst rather than just calculate numbers. This deeper comprehension is essential for accounting courses, CPA preparation, and investment analysis.

The gap between drawing a supply and demand curve and applying it to actual markets trips up many students. A tutor can help you work through scenarios like: if a coffee shop raises prices 10%, how much will quantity demanded fall based on price elasticity, and will revenue increase or decrease? Or how does a new competitor entering the market shift demand curves and affect your pricing strategy? These real-world applications require understanding not just the curves themselves, but factors like substitutes, complements, consumer income changes, and production costs. Practicing with case studies and industry examples makes the theory stick and prepares you for AP Economics exams or business school coursework.

Beyond basic algebra, applied economics relies heavily on statistical thinking (correlation vs. causation, regression analysis, interpreting confidence intervals), spreadsheet proficiency (Excel modeling, data analysis), and understanding probability and expected value for decision-making. You'll also need comfort with financial calculations—present value, compound interest, loan amortization—and reading financial statements. A tutor can identify which quantitative gaps are holding you back and build those skills in the context of actual economics problems. For example, learning regression analysis through demand estimation or forecasting is more motivating and useful than abstract statistics lessons.

Students often memorize characteristics of perfect competition, monopolistic competition, oligopoly, and monopoly without understanding when and why these structures matter. A tutor can help you analyze real industries—tech (oligopoly), restaurants (monopolistic competition), utilities (monopoly)—and predict pricing power, profit sustainability, and competitive behavior based on market structure. Understanding concepts like barriers to entry, product differentiation, and price-setting ability in each structure helps you analyze business strategy and predict market outcomes. This framework is crucial for AP Economics, business case analysis, and understanding why some companies can sustain high prices while others compete on cost.

Opportunity cost—the value of the next-best alternative foregone—is foundational to all economic decision-making, yet students often treat it as just another definition to memorize. A tutor can help you see why it matters: when deciding whether to invest $100,000 in a business, the relevant opportunity cost isn't just what you could earn in savings, but what you'd earn in your next-best investment. This thinking applies to personal finance (should you go to college?), business decisions (should we expand this product line?), and investment analysis. Practicing with realistic scenarios—comparing job offers with different salaries and benefits, evaluating capital allocation decisions—builds the intuition you need to apply opportunity cost correctly on exams and in real decision-making.

Strong applied economics foundations directly support these professional paths: CPA exams require mastery of financial analysis and business structures; CFA Level I heavily tests economics and financial modeling; MBA programs assume you understand markets, financial analysis, and strategic decision-making. A tutor can help you build deep conceptual understanding rather than surface-level knowledge—knowing not just formulas but the economic reasoning behind them. They can also help you develop the analytical thinking skills these programs value: analyzing trade-offs, evaluating risk, and making data-driven recommendations. Whether you're strengthening economics coursework or preparing for entrance exams, targeted tutoring in applied economics accelerates your readiness for advanced business education.

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