Economics is the fascinating science of supply, demand and trade, and how they affect society from small business to global markets. Studying the free market opens your eyes as to how everything you buy is part of a larger system.
Just the word 'economics' can be overwhelming when students consider how large and varied the subjects in this field can be. You can focus on anything from international trade laws, to when to buy and sell stocks.
Whether you're studying economics at high school or as part of a university course, the support of a private economics tutor can really contribute to your learning and improve your grades throughout your studies.
Before you hire a personal economics tutor, there are some standard criteria you should consider, from the cost of lessons to the teaching history of a good economics instructor.
Find the perfect tutor for your economics lessons
If you're a Year 11 or 12 student in Australia, there are plenty of benefits to consolidating your studies with some private lessons. Not only will your grades improve, but you can also use each lesson to prepare and plan the specific skills you'll need to pass your final exams.
Economics is full of complex economic concepts like supply and demand, the free hand of the market, scarcity of resources, government intervention, globalization and so much more.
While you might get a good overview of these concepts in your standard school education, private lessons are a good opportunity to learn about or review each of these subjects in more detail, so you confident in the exam.
Another benefit of this learning is that you'll be exposed to a different teaching style. Because there is only one student, your teacher can supply resources and activities that are most appropriate for your personal needs.
So, if you decide that the opportunity to learn and improve your grades is worth the cost of lessons, the next step is to actually find the best tutor and book your first lesson.
But where to look? There are plenty of options to find an economics tutor, but most students try:
- Classes with online tutoring companies;
- Looking online for a private teacher;
- Asking for a recommendation your economics teacher or fellow students
Looking for Economics Lessons online
This is probably the easiest way to book your first lesson with a click or two. A resource like Superprof generally features a list of tutors in different areas, with a variety of teaching styles and types of specialities.
Because the market is full of experts in economy, business and finance, you'll find an online search will provide a huge range of options, so you'll likely find a good choice quite quickly.
Looking for your Economics Tutor offline:
Some students prefer to turn to people they can trust as a resource for tutor recommendations. Your business teachers are a good option, as they might offer outside studies themselves, or recommend a colleague.
Friends and family are also great resources, as you're likely to trust in their opinions and can be sure that whoever they recommend will be appropriate for you.
The average cost of private Economics teaching
While ideally, we would all want the services of the best tutor possible, we also have to consider the money we have available to spend on private education, as well as how many lessons we plan to book.
Because different teachers supply different types of classes, the cost of private economics learning can vary greatly. If you plan and budget correctly, you'll be able to access this great education resource for an appropriate cost.
Before contacting a tutor, you should consider some things like:
- What the focus of your extra studies will be (for example exam preparation, reviews of economic concepts, tutoring in specialist subjects like finance or globalization);
- Your long-term tutoring plans (i.e. do you need classes for a month, six months, a year etc); and
- If you plan to have lessons online or in-person
Once you've considered these ideas, it'll be easier to find the right tutor, as you can quickly narrow down your search. Plus, you'll have a clearer idea of how much money you're willing to spend per lesson.
It's important to keep in mind that teachers with longer teaching history or a specialisation will probably charge more than those with less experience.
While these classes certainly aren't free, the support of an economic science tutor in Year 12 or at university will provide so many life benefits that it'll surely outweigh the price.
Superprof's list of tutors is so extensive that you'll be able to find a great business tutor with just one click or two.
Study the World Economy from your home
Of course, if you're looking for self-study resources on economic science, there are plenty to be found.
Here are some fun ways to get a little education about the economy, most of which are free:
- Sign up for free online courses on websites like Coursera
- Get reading with some best-selling books on the economy, such as Freakonomics
- Start following economics news updates with websites like The Conversation Australia, which provides analysis appropriate for people who aren't experts;
- Find out about subjects like the latest economic trends or the history of supply and demand with free resources like podcasts, YouTube and more.
The age of the internet opens up the opportunity for absolutely anyone to gain some expertise in this subject area. You'll find websites like Investopedia that share definitions, analysis and examples of tricky concepts like government fiscal policies.
Similar to tutoring sessions, by studying on your own, you can organise your schedule in any way you want. If you study best at 2 am, then you're free to log on and start studying whenever you want.
You also get to choose from the hundreds of types of study resources. If you love to listen to music while you exercise, you can try listening to a podcast about markets instead, as part of your studies.
While this does all sound easy enough, unfortunately, people generally find that it's difficult to regularly make time in their life and that they'd perhaps rather be taking up more social pursuits.
That's why so many in the end turn to a tutor for help. It's not just that they can explain concepts and provide activities, but they also provide a great opportunity to keep your studies (and life) on track, by following a set routine.
Important factors in choosing the right economics tutor
After making plans to hire a private economics tutor, you'll have to decide what criteria your future economics tutor needs to fill:
Some ideas to know if a tutor can make the grade or not:
- What general tutoring experience do they, plus if they specifically know about the curriculum for your grade or course
- If you are studying a specialist economics subject such as international trade, does your tutor need to have the same specialisation?
- Whether you and the tutor have are available at the same times for classes
As we mentioned before, you might also want to consider if you would prefer online economics lessons. Studying online opens up some fun opportunities, but can be difficult for some students.
After considering all of these separate criteria, it should be much less overwhelming to find a tutor that can help with your plans for your education. You can then start your search with one click on a website like Superprof.
All in all, deciding to buy private classes from a tutor is never an easy decision or a simple one, but once you've done the hard work to find the best tutor for you, then the fun begins!
Over time, you'll start to notice a concrete improvement in your grades, as well in different skills like economic analysis and essay writing. Before long, you'll be writing economic essays as well as William Hazlitt.
You'll also find that your understanding of concepts like market dynamics or globalization is clearer and more in-depth, which is guaranteed to boost your confidence, something even the best students could do with once in a while!
With an online site like Superprof, you'll be able to find an economics tutor for classes online or in-person, whether you live in London or Melbourne!
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