Introduction to Economics (Second Semester)

From: $110.00 / month for 3 months

Grades: 8th and up

Live class: Thursdays 3:00–4:00 p.m. EST

Course dates: January 10th-May 2nd

Cost: $299

Instructor: Nate Gilbert

Instructor email:



Course Description

 See reviews of instructor Nate Gilbert

Course Description: The course objective is to introduce 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 (among many others).  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 macroeconomics.

The course will be very engaging, including group discussions and activities.  Students will be expected to contribute to class activities in the on-line classroom.  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:

– Economic Basics: 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 (Why collaborate?), 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 (What are the effects of saving and investment?)

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

Required Texts

Required texts:  Whatever Happened to Penny Candy, 3rd edition or later (used or new), By Richard Maybury. I will provide additional online links or electronic copies of texts/passages free of charge.


  1. 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.

  2. 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!

  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. 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!

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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