Preheat the oven to 400ºF before cooking the pasta in salted water according to package instructions, but deduct one minute of cook time to avoid overcooking while baking.
While the pasta is cooking, combine 1 cup of each shredded cheese
When the pasta is done, transfer it to a small (9x9) baking dish and coat it with olive oil before mixing in the cream cheese and 1 cup of each shredded cheese.
Top the macaroni and cheese with the remaining ¼ cup of each cheese.
Cover the baking dish and bake for 30 minutes (or until the cheese has melted). Allow to cool before serving.