Matthew D. GCSE Economics tutor, A Level Economics tutor, GCSE Maths ...

Matthew D.

£18 - £22 /hr

Currently unavailable: for new students

Studying: Economics (Bachelors) - LSE University

5.0
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1 review| 2 completed tutorials

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About me

I'm a recent Economics graduate from LSE who is about to start a Masters at UCL in Globalisation and Latin American Development. My studies have helped bring together three subjects that I really enjoy: EconomicsMaths and Spanish. I remember how certain teachers at school really inspired me and I hope that through my sessions I can help you to learn but also to show you how these topics are really fascinating!

In my sessions, I want to be able to introduce, develop and consolidate concepts which you might be struggling with and help you to be one step ahead in your studies! Whether it's talking you through graphs or helping with new vocabulary, I want to not only show you the ins and outs but also show you real world applications of the things we're going through.

If you'd like to ask me anything, send me a 'Webmail' or book a 'Meet the Tutor Session' and mention which exam board you are studying with and any specifics about what you're struggling with, I'll be happy to help! 

I'm a recent Economics graduate from LSE who is about to start a Masters at UCL in Globalisation and Latin American Development. My studies have helped bring together three subjects that I really enjoy: EconomicsMaths and Spanish. I remember how certain teachers at school really inspired me and I hope that through my sessions I can help you to learn but also to show you how these topics are really fascinating!

In my sessions, I want to be able to introduce, develop and consolidate concepts which you might be struggling with and help you to be one step ahead in your studies! Whether it's talking you through graphs or helping with new vocabulary, I want to not only show you the ins and outs but also show you real world applications of the things we're going through.

If you'd like to ask me anything, send me a 'Webmail' or book a 'Meet the Tutor Session' and mention which exam board you are studying with and any specifics about what you're struggling with, I'll be happy to help! 

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Ratings & Reviews

5from 1 customer review
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Jahnavi (Student)

August 25 2016

Great lesson, really helpful tips and advice

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Qualifications

SubjectQualificationGrade
MathsA-level (A2)A*
EconomicsA-level (A2)A*
SpanishA-level (A2)A
Further MathsA-level (A2)B
EconomicsDegree (Bachelors)2:1

General Availability

Before 12pm12pm - 5pmAfter 5pm
mondays
tuesdays
wednesdays
thursdays
fridays
saturdays
sundays

Subjects offered

SubjectQualificationPrices
EconomicsA Level£20 /hr
EconomicsGCSE£18 /hr
MathsGCSE£18 /hr
SpanishGCSE£18 /hr
-Personal Statements-Mentoring£22 /hr

Questions Matthew has answered

What happens to the Production Possibility Frontier (PPF) when productivity only increases in one good?

We start here with an initial PPF which shows the possible combinations of apples and computers that an economy can produce with the resources it has. If a new way of creating computer chips makes the computer industry more productive and the apple farming industry is unaffected, then the PPF will move out in the direction of computer production, but not in apple production.

We start here with an initial PPF which shows the possible combinations of apples and computers that an economy can produce with the resources it has. If a new way of creating computer chips makes the computer industry more productive and the apple farming industry is unaffected, then the PPF will move out in the direction of computer production, but not in apple production.

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1 year ago

667 views

What is the Laffer curve?

The Laffer curve shows the theoretical relationship between tax rates and tax revenues.

Imagine a government charges a 0% income tax; they definitely won’t receive any money from that tax. Meanwhile, at 100%, no one has incentive to work in paid employment, so they don't earn any money and the government receive no tax revenue. In between, we have tax revenue rising at first, but then falling with the average tax rate.

As the tax rate increases, the government receive more money from the tax. However, as the tax rate continues to increase, people get less and less of the money they earn as the government is taking ever more of it.

At some tax rate t*, the government can maximise the amount of tax revenue it receives at R*. At this point, neither increasing nor decreasing the tax rate can lead to an increase in tax revenue. 

The Laffer curve shows the theoretical relationship between tax rates and tax revenues.

Imagine a government charges a 0% income tax; they definitely won’t receive any money from that tax. Meanwhile, at 100%, no one has incentive to work in paid employment, so they don't earn any money and the government receive no tax revenue. In between, we have tax revenue rising at first, but then falling with the average tax rate.

As the tax rate increases, the government receive more money from the tax. However, as the tax rate continues to increase, people get less and less of the money they earn as the government is taking ever more of it.

At some tax rate t*, the government can maximise the amount of tax revenue it receives at R*. At this point, neither increasing nor decreasing the tax rate can lead to an increase in tax revenue. 

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1 year ago

716 views

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