Muskan Kundra
AP Macro & Microeconomics Tutor | Interactive Lessons & Study Planning. Boost Your AP Economics Scores with Personalized Coaching & Practice
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Muskan Kundra
Masters degree
/ 55 min
Muskan - About your AP tutor
I am a dedicated AP Macroeconomics and AP Microeconomics tutor with more than 2 years of teaching experience helping students strengthen their conceptual understanding and improve academic performance. My teaching approach focuses on simplifying economic theories and connecting them with real-world examples so students can understand and apply concepts with confidence. I specialize in teaching important AP Economics topics such as demand and supply, market structures, elasticity, fiscal and monetary policy, inflation, unemployment, GDP, international trade, and economic growth. I help students develop strong analytical and graph interpretation skills, which are essential for success in AP exams. My classes are interactive, structured, and tailored according to each student’s learning pace and goals. I focus heavily on concept clarity, problem-solving techniques, and exam-oriented preparation. To help students perform well in tests, I regularly conduct mock tests, practice quizzes, FRQ and MCQ practice sessions, and revision classes. I also provide personalized study planners and learning strategies that help students stay organized and manage their preparation effectively.
Muskan graduated from Scd government college, Ludhiana
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Muskan - also teaches
AP Macroeconomics
AP Microeconomics
AP concepts taught by Muskan
The Student and Tutor worked through several problems related to international trade in Economics, focusing on equilibrium price and quantity, export supply, import demand, and gains from free trade. They then analyzed the impact of a tariff on world prices, volume of trade, and consumer welfare. The Tutor will share additional calculations for the student to review before their exam.
Welfare Analysis: Consumer Surplus Changes with Tariffs
Impact of Tariffs on Trade
Graphical Analysis of Trade Gains
Calculating Gains from Free Trade
Free Trade Equilibrium Determination
Market Equilibrium & Trade Functions
The Tutor and Student revisited biased growth concepts before diving into the multifaceted impact of tariffs on consumer surplus, producer surplus, government revenue, and overall welfare. They explored theoretical effects, including the concept of deadweight loss, and then practiced solving algebraic numerical problems to determine equilibrium price and quantity, as well as the effects of a specific tax on prices and quantities. The Student was assigned practice problems for homework, including solving for import and export demand equations.
Algebraic Derivations in Tariff Analysis
Deadweight Loss: Welfare Implications of Tariffs
Import Demand & Export Supply Equations
No-Trade Equilibrium
Consumer and Producer Surplus Fundamentals
Tariff Impacts on Economic Stakeholders
The Student and Tutor practiced reconciling actual and budgeted gross profit using various variances. They specifically reviewed the calculation and interpretation of Sales Price Variance, Cost Price Variance, and Sales Volume Variance through practical examples. The Tutor assigned a similar question for the Student to practice as homework, to be submitted via chat.
The Reconciliation Equation
Determining Favorable/Unfavorable Status
Sales Volume Variance (SVV)
Sales Price Variance (SPV)
Cost Price Variance (CPV)
Gross Profit Reconciliation (GPR)
The Student and Tutor engaged in a detailed accounting session, primarily focusing on variance analysis and its practical application. They reviewed key concepts like EBIT and NPBT, practiced calculating various financial variances using a case study, and discussed strategies for identifying and addressing unfavorable financial outcomes. The Student was encouraged to continue practicing similar questions and may schedule another revision session before their upcoming exam.
Key Profitability Metrics: EBIT & NPBT
Sales Volume Variance
Cost Price Variance
Variance Analysis Fundamentals
Sales Price Variance
The student and tutor worked through a financial accounting problem focusing on the preparation of the Statement of Changes in Equity and a Balance Sheet extract. They practiced calculating retained earnings, share capital, and asset revaluation reserves, and discussed the impact of dividends and share issuances. The tutor provided the student with a shared file for revision.
Retained Earnings
Statement of Changes in Equity
Share Capital and Premiums
Dividends
Asset Revaluation Reserve
The tutor and student reviewed the Standard Trade Model, its assumptions, and its application in analyzing the impact of trade on relative prices, welfare, and economic growth. They discussed iso-value lines, the terms of trade, and the effects of biased growth and trade policies like tariffs and subsidies on national welfare. The next sessions will focus on diagrammatic practice and further revision of these concepts.
Standard Trade Model Assumptions
Relative Prices
Supply
and Demand
Isovalue Lines and PPF Interaction
Terms of Trade and Welfare
Biased Growth and Its Effects
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