Become an Economics Tutor

Become an Economics Tutor Steps to Becoming an Economics Tutor ChaptersHow to Set Your Prices for Economics LessonsFinding Students for Your Economics LessonsPlanning Your Economics LessonsSurely you have a love for numbers, statistics and analysis; otherwise, you might not have selected economics as your major, nor would you anticipate building your career around economic principles.Whether you abide by them in your computations for a company or teach them to eager minds, you, more so than most, would be keenly aware of the laws of supply and demand, and consumer habits.Or, you may turn to the academic side of the subject you hold most dear, as these economists in India did, to discover heretofore unseen patterns that reveal inequality.Who knows? You might even win the Nobel Prize in Economics for your work, one day!The world of economics: markets and trade, behavioural economics; financial economics or even environmental economics â€" the study of environmental policies' financial impact...This world is indeed fascinating and complex... and, f or some with absolutely no head for figures, a real snoozefest!Obviously, that is not you. You have mastered the econ, written your graduate thesis, perhaps on economic development in postwar Germany...You are now looking to promote your vast stores of knowledge with the intent of gaining a solid reputation â€" and, through your work, a satisfying income as a tutor of Economics.Unfortunately these days, it is not as easy as hanging out a shingle and waiting for passersby to knock on your door.In this digital age, when commodities and futures can fluctuate more furiously than a frenzied feathered flock, there is veritable competition among tutors for students of economics (and other subjects).Likewise, every undergraduate studying economic theory endeavours to retain the very best tutoring services that provide them the greatest satisfaction for their incomes and the prices they face.According to George Mankiw, that would be the third principle of economics... right?From your perspec tive, you are most likely looking to embrace the fifth principle: equitable trade.Let Superprof now lay out the steps to becoming an economics teacher of merit, as recommended by our most successful tutors, so that you too can join their ranks. Those are obvious ways to find and retain students. But, have you thought of volunteering at your local Council or library?True, volunteering runs counter to the principle of earning a living, but on the other hand: doing so gives you exposure to a broader client base.Economics students don't only haunt college campuses.You may find a  richer teaching experience by instructing a more diverse student body, perhaps consisting of:senior citizens looking for an education on investment and mortgage prior to retiringcivil service hopefuls who need a better grasp on economic analysis for their examadventurous world travellers looking to learn more about their future home country's economics, or the global economy in general.You could also create a S uperprof tutor profile free of charge, wherein you list your teaching and learning experience. You may even opt to teach online or at clients' homes!One demographic is strangely lacking from the world of economics, and may particularly benefit from your mentoring.In spite of the controversy surrounding the Nobel Prize in Economics â€" most notably the snub of economist Joan Robinson, the award has been distributed 48 times... but only once to a female.Find some online tutoring jobs here.Perhaps you could make it your mission to recruit more females into the world of economics!Planning your lessons can take any form, as long as it remains flexible Source: Pixabay Credit: RayedigitaldesignsPlanning Your Economics LessonsThanks to your competitive pricing and aggressive canvassing for students, you now have most of your nights and all of your weekends booked.Perhaps you will host a seminar for all of your macroeconomics and microeconomics students.Or, you might consider workshops for g roups learning about one specific aspect of the discipline: labour economics perhaps, or international economics.Although these are great ideas to plunge yourself into the lucrative world of private tutoring, most likely, the bulk of your work will be as a one to one instructor.Should that be the case, the most reliable tool you will have to organize your teaching and mark quantitative progress would be by drafting lesson plans for each of your charges.Perhaps the best aspect of formulating lesson plans is that they incorporate time within the lesson for flexibility and spontaneity.Because Economics is not the most spirited of subjects, it is important to render it interesting, perhaps through debate or an energetic QA session, all of which should fit within the framework of the lesson at hand.Any experienced teacher will tell you that it is so easy to be thrown off-track by a theme parallel to the topic you should be discussing.A lesson plan focuses your time in such a way that suc h discussions are permitted, as long as you keep an eye on the clock.The organized teacher structures his/her lessons the same way:Warm-up: around 5 minutes to greet your student, exploring retention of last week's materialIntroduction of new materialPractice what has just been learned, perhaps using worksheetsProduction: this is where your student works on his/her ownReview: the last few minutes of the lesson; you may discuss just-learned concepts or preview next week's lessonIf you, like most tutors, instruct in hourly increments, you may find this breakdown easy to follow and adjust for each of your students.If you have never created a lesson plan, there are several approaches to it, as well as several templates available for download.Becoming a tutor of Economics is a multi-faceted endeavour that requires a lot of knowledge, planning, skill and ability.You are most surely up to the task; we hope to have provided you with additional information to help you succeed in your venture .