AP Macro & Microeconomics Tutor | Interactive Lessons & Study Planning. Boost Your AP Economics Scores with Personalized Coaching & Practice

The Tutor and Student reviewed key concepts in international trade, including marginal productivity of labor, the Production Possibility Frontier (PPF), and indifference curves. They practiced calculating opportunity costs, determining trade equilibrium, and analyzing comparative advantages through numerical examples, with a focus on preparing for upcoming mid-term exams.

The class involved the student and tutor working on creating and analyzing an Excel loan dashboard. They practiced setting up financial schedules, calculating loan balances and interest, and crucially, applying the Goal Seek function for "what-if" analysis to understand the impact of changing interest rates on loan interest amounts. The session concluded with a review of task completion and planning for the next steps.

The Tutor and Student reviewed a completed assignment, providing detailed feedback on calculations, referencing, and the justification of answers. They discussed specific accounting concepts like capital expenditure, private expenses, and savings schemes, with plans to follow up on the remaining sections of the assignment and upcoming budgeting tasks.

The Tutor and Student worked through a detailed income tax calculation exercise, focusing on applying tax brackets, calculating tax credits, and completing tax return worksheets. They discussed various income sources and deductions, aiming for a thorough understanding of tax liability calculation. The session concluded with a review of provisional tax payments and the concept of tax credits.

The Tutor and Student worked on preparing and classifying balance sheets, focusing on asset and liability categorization, owner's equity components, and working capital. They practiced classifying various financial items and calculated a balance sheet, identifying a missing retained earnings figure as a balancing item. The Tutor assigned homework questions and planned to cover more adjustments and potentially ratios in the next session.

The student and tutor worked on a critical assignment involving income tax return preparation. They focused on calculating taxable income by processing various income sources and then applying this to an IR3 tax return form. The session included practicing grossing up net figures and understanding tax credits, with homework assigned to complete the tax return worksheet.