Introduction to Economics

From: $110.00 / month for 3 months

Grades:8th-12th

Live class: Mondays 11:00 a.m.–12:00 p.m. EST

Course dates: August 24th-December 14th

Cost: $299

Instructor: Nate Gilbert

Instructor email: nathanielgilbert@hotmail.com

Students can also register for Economics and Government together at a reduced rate.

See Reviews of Instructor Nate Gilbert

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Course Description

 See reviews of instructor Nate Gilbert

The course introduces students to the world of economic thinking. Students will begin to define economic concepts, understand why economists choose to view the world through a particular lens, and analyze the economic interactions of the people and businesses they observe in society. A primary goal is for students to become familiar with foundational market concepts such as scarcity, opportunity costs, comparative advantages and inflation. Students should then be able to appropriately apply their economic understanding to personal decisions, businesses activities and government policies. The course focuses mainly on microeconomics, but will also touch on some macroeconomic ideas.

Course Structure

The course will be very engaging, including group discussions and activities. Students will be expected to contribute to class activities in the live classroom or through the class discussion board. Students will also have weekly homework assignments, which will reinforce and expand upon the classroom discussions. This course serves as a prerequisite to a future AP Microeconomics course.

Here is a preview of some of the weekly topics:

– Scarcity, Resources, Opportunity Cost, Cost/Benefit Analysis

– Supply and Demand Shifts, Elasticity, Types of Goods

– Diminishing Returns, Allocation of Scare Goods, Specialization

– Trade in Competitive Markets, Transaction Costs

– Understanding Economic Institutions (Banks, Corporations, Cooperatives, Labor unions), Rules of the Game

– The Role of Government in the Economy (Taxes, Externalities, Regulations)

– Nature and Causes of Money (Valuation, Historical Development, Inflation)

– Comparing Economic Systems (Market, Command, Traditional, Mixed)

– International Trade and Economic Growth

– Stocks and Investment Options (with simulation stock buying opportunity)

There is an estimated 3-4 hours of work per week outside of the live class.

Who should enroll?

This class is designed for 8th-12th graders. The course is intended to fulfill the typical requirements for a half year high school level course.

Technology Requirements:

  • High speed, broadband Internet
  • Sound card and microphone (for live sessions)
  • Streaming video capabilities to watch recorded lectures

Evaluation and Feedback

Students will receive comments and individualized feedback on their assignments via Canvas. Work will be graded, and student questions will be addressed, in a timely manner.

Communication

Parents do not need to contact me before registering for this class. I will confirm registration with parents and provide a welcome email to students. All parents should join Canvas as observers, and I will respond to all parental questions.

Required Texts

Required texts: Whatever Happened to Penny Candy, 3rd edition or newer, By Richard Maybury. ISBN# 0942617150

5 reviews for Introduction to Economics

  1. Jessy Roberts

    I have really enjoyed this class. The teacher always makes or breaks the learning experience and you have made government and economics my favorite subjects. You are an amazing teacher and I was glad to be under your guidance.  

  2. W. M. (student fall 2017)

    This course is definitely a 5/5 rating! It was a very engaging classroom and I love how everything in it was set up, including the quizzes. It did not seem that we were being overloaded with useless work, and the work that we did get was easy to retain and memorize. The teaching style was fantastic and very friendly which made it much easier to learn and remember important information. Overall it was fantastic!

  3. Economics Student

    This was an excellent class. Nathaniel Gilbert is a professional and competent teacher. He was very clear in his expectations and explanations of the material. He also made the topics relevant to the students in a way that maintained their interest. I really appreciated the homework and quiz portion which allowed me to know that the student was retaining the information. I would have no reservations in recommending this class to other students.

  4. Jocelyn

    I was very impressed with Mr. Gilbert! My 12 year old dd wrote a review “I really like this teacher because, he is very thorough and makes sure that you know the subject before you move on. He is very nice, and he explains the topic simply so you understand. He taught me this class even though I was the only one there. He is a good teacher and I believe that I will be taking some future classes with him.” If he offers more classes She will definitely attend!

  5. A.J.

    Mr. Gilbert is an enjoyable teacher to take classes with. He is calm, relaxed, and knowledgeable. He covers a good amount of content, and he asks lots of questions to keep the students involved and thoughtfully interacting with what they’re learning.

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Instructor Bio

Nate Gilbert

Nate Gilbert graduated from Cedarville University in 2002 with a B.A. degree in secondary social studies education. Since then he has taught and tutored many students, primarily in the subjects of history, government, and economics. Nate has worked in a variety of settings, such as teaching in Beijing, China, and at some local schools. He now focuses on utilizing his passion for social studies to teach online classes that stimulate his students’ critical thinking skills and understanding of society.

Mr. Gilbert also assists his wife in homeschooling their children. His hobbies include reading philosophy books, playing with his children, and outside activities. As a family, the Gilberts are involved in their local community and church fellowship.

Email: nathanielgilbert@hotmail.com

All classes taught by Nate Gilbert