Economics Tutor Specializing in Finance, Accounting, and Market Analysis

Reshu assisted Melisa with her test preparation, focusing on a range of quantitative analysis topics. Their lesson covered hypothesis testing, solving equations via elimination, and understanding uniform distribution, expected payoff, and variance. They also thoroughly examined the consequences of violating OLS assumptions, specifically heteroscedasticity, and its impact on regression. Practical application was key, as they worked through sample questions on investment optimization and the effects of heteroscedasticity on OLS regression. Melisa intends to renew her lessons and has scheduled a follow-up meeting with Reshu for Friday to continue their test preparation, where Reshu will provide more practice questions.

Reshu and Melisa engaged in a detailed lesson on statistical analysis, specifically focusing on hypothesis testing in regression models. Their work involved analyzing practical scenarios, including a case study on potential pay discrimination and another on factors influencing economics journal subscriptions. They plan to resume their work on the remaining questions in their next lesson, and Melisa also discussed sending another sample paper for review.

Reshu provided Melisa with an in-depth econometrics lesson, focusing on several key areas. They began with portfolio optimization before moving into a detailed regression analysis, specifically examining how factors like cigarette and beer consumption, and fat intake, influence heart disease. The lesson also encompassed hypothesis testing, utilizing both t-tests and F-tests, and explored model reparameterization. Throughout their discussion, they analyzed the impact of these variables on CHD, interpreted coefficients, and tested various restrictions on the model. To facilitate further assistance, Reshu suggested Melisa renew her subscription.

Reshu guided Melisa through statistical problems involving estimators, variance, and consistency, then moved on to calculating expected values and variances of independent random variables. They began analyzing an investment portfolio problem, determining the allocation strategy to maximize expected return and starting to work on minimizing portfolio variance, which they will continue next session. They scheduled a follow-up session for Monday to continue the discussion.

Reshu and Julian had their final tutoring session, where they reviewed Pareto optimality, contract curves, and Walrasian equilibrium. Julian worked through economics problems involving Ann and Bob to calculate budget lines, demand functions, and equilibrium allocations. Julian will request a new tutor but will contact Reshu with questions and provide a positive review.

Reshu assisted Julian with a problem set on general equilibrium, covering Edgeworth boxes, indifference curves (Leontief and Cobb-Douglas), and Pareto efficiency. They worked on correctly drawing indifference curves and interpreting the marginal rate of substitution to find welfare-improving allocations. They plan to continue the session the next day to complete Julian's homework.