University

Applications Planning (2 hours)

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The student reviewed all the universities to which he was applying. 

The student liked both Economics and Mathematics, and he was interested in understanding how mathematical tools can enable better decision-making. He wanted an intensive course.

After discussing the student's interests, the tutor built a custom plan with the student, focusing on teaching fundamental mathematical models.

The goal was to enrich the academic record on his personal statement.

Fundamentals in Econometrics (5 hours)

 These sessions taught mathematically rigorous tools to formulate econometric models. Specifically, multivariable calculus, constrained optimisation, and multiple linear regression.

At the end of the sessions, the student knew how to differentiate functions with multiple variables, how to derive the estimators for single and multiple linear regression, and understood key concepts like omitted variable bias and consistency.
 

Microeconomic

optimisation (3 hours)

  The student learned about constrained maximisation of utility and how the demand curve is derived.

He learned about cost-minimisation and how the supply is derived.

By the end of the sessions, the student was capable of deriving these curves graphically, as well as algebraically.

Inflation

forecasting (2 hours)

The student learned about a closed-economy version of the macroeconomic 3-equations model, which underpins the mechanisms of monetary policy. This is the model utilised by central bankers at the Fed, ECB, and Bank of England. 

By the end of the session, he could understand how the central bank responds to a variety of shocks, and how to model inflationary and deflationary spirals within a rigorous framework.

Personal Statement Integration (1.5 hours)

The tutor helped the student restructure his personal statement. The pupil received training in the S.T.A.R. format (Situation, Task, Action, Result), and with that insight he wrote additional paragraphs about the undergraduate-level material he had learned with the tutor. 

 Ultimately, he received and met a conditional offer from his first choice, the London School of Economics.