Introduction to Economics

From: $110.00 / month for 3 months

Grades: 8th and up

Live class: Tuesdays 2:00–3:00 p.m. EST

Course dates: August 27th-December 17th

Cost: $299

Instructor: Nate Gilbert

Instructor email:

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

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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

Quizzes will be multiple choice and are graded instantly. Assignments vary in form, with most requiring short answer responses to assess the student’s understanding of the information presented. Students should respond in complete sentences and demonstrate supportive reasoning for their answers. I can be reached via e-mail for questions. I try to respond to e-mails within 24 hours.


Parents are welcome to observe their child’s progress through the course. Questions from parents are also responded to in a timely fashion.

Required Texts

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


  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 and English. Nate has worked in a variety of settings, such as teaching in Beijing, China, and purchasing for a manufacturing company. He now likes to utilize his passion for economics and government 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, mostly philosophy and children’s stories, and being outside. As a family, the Gilberts enjoy gardening, hiking, and time together. They are involved in their local community and church fellowship.


All classes taught by Nate Gilbert