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The Student and Tutor reviewed core economic concepts related to savings and consumption, including the life cycle hypothesis and factors influencing saving decisions. They also differentiated between planned and actual savings, explored compound versus simple interest, and analyzed the economic trade-off between capital accumulation and consumption using the Production Possibility Frontier. They concluded by planning for a revision practice test on the covered topics in the coming week, contingent on the Student's availability after a math exam.

The Student and Tutor recapped fiscal and monetary policy before delving into economic growth, nominal vs. real GDP, and the Consumer Price Index (CPI), including numerical calculations. They also began discussing the different approaches to calculating GDP, specifically covering the expenditure and income methods. The Tutor assigned practice questions on CPI and GDP calculations and planned a revision test for the next session, asking the Student to specify which slides they would like to cover.

The session focused on core macroeconomic concepts, including the circular flow of income, stock versus flow, investment, and various types of capital. The Student reviewed homework questions on these topics and clarified complex terms like disposable and discretionary income, savings, dissavings, and the Law of Diminishing Marginal Utility. For follow-up, the Student was assigned to review a specific diagram related to savings and dissavings and complete additional practice questions.

Student and Tutor reviewed various types of unemployment and their economic and social impacts, including a detailed discussion on monetary and fiscal policies as macroeconomic solutions. They practiced multiple-choice questions related to unemployment definitions and calculations. The Tutor assigned a case study on fiscal and monetary policy as homework and confirmed the next session would cover Aggregate Demand and Aggregate Supply, aligning with the Student's school curriculum.

The Student and Tutor comprehensively reviewed key macroeconomic concepts, focusing on closed economies, factors of production, and the two-sector model. They practiced applying equations for income, consumption, and savings/investment, and explored the implications of savings-investment imbalances. The session also covered distinguishing between real and money flows, and stock versus flow variables, with homework assigned for further practice on these topics.

The Student and Tutor reviewed core economic concepts related to income inequality, including the Lorenz curve and Gini coefficient, through quizzes and practical plotting exercises. They discussed factors contributing to disadvantaged groups and differentiated between 'equal' and 'equalized' income distribution, along with the economic and social impacts of inequality. The session concluded with an introduction to various types of unemployment, and the Student was assigned homework involving Gini coefficient calculations and labor force definitions.