Gateway Computer NE52203u should I buy?

I basically just want a computer for watching netflix, surfing the web, and writing essays etc for college. I don't want anything too fancy granted I do want the video quality to be somewhat good, does this computer sound okay for this? It's only $268 but I'"m wondering if I should skip this computer and see if there is anything better. here are the specs;

High Level Specifications

AMD E-Series Dual-Core Processor E1-2500

(1.4GHz, 1MB L2 Cache)

Windows 8

15.6" HD Widescreen Ultrabright™ LED-backlit Display

AMD A68M Fusion™ Chipset

4096MB Low-Power DDR3L Dual Channel Memory

AMD Radeon™ HD 8240 Graphics

500GB 5400RPM SATA Hard Drive

802.11b/g/n Wi-Fi CERTIFIED™

10/100/1000 Gigabit Ethernet LAN (RJ-45 port)

Bluetooth® 4.0+HS

HD Webcam (1280 x 720)

High-Definition Audio Support

Digital Media Card Reader - Secure Digital™ (SD) Card

2 - USB 2.0 Ports

1 - USB 3.0 Port

1 - HDMI™ Port with HDCP support

1 - VGA Port

Multi-Gesture Touchpad

Dedicated Numeric Keypad

4-cell Li-Ion (2500 mAh) Battery

Optical Drive : None

Warranty 1 Year Limited

I don't know much about processors/graphic specs etc so does this sound like a good enough laptop, does anyone know of something better under $350 or does this seem like what I'm going to get on any computer in this price range? Basically will this computer be good enough for a college student who will only use it to write essays and watch netflix/youtube?

TIA