Billy Sure 2-3 Teacher Guide
Billy Sure 2-3 Teacher Guide
By Marsha Masters
Economics Arkansas
Grades 2-3
Essential Questions:
Why should everyone learn to think like an entrepreneur?
Why is it important to invest in your human capital?
Why is it important to learn to manage your money in business and
personally?
Culminating Project:
Each chapter presents many opportunities to make economic and
financial literacy connections.
Concepts:
business, CEO, CFO, endorsement, entrepreneur, human resource,
inventor, market, marketing opportunity
Standards:
E.5.2.1 Discuss skills and education that human resources need for jobs
(e.g., human capital)
E.5.2.2. Describe good and services that people in the local community
produce and those that are produced in other communities.
E.5.2.3 Describe ways markets exist in various places.
Chapter 2: Catch!
Better Than Sleeping! talk show host, Chris Fernell, interviews Billy in
Chapter 2. Billy explains how he and Manny started Sure Things, Inc.
and began a manufacturing company to produce their product. In this
chapter, readers are introduced to the small and large All Balls. Billy
invented his product to solve a problem. The All Ball takes up less space
because it is 5 balls all in one. Billy claims that it is “the only ball you’ll
ever need.”
Concepts:
consumers, decision making, entrepreneur, goods, invention, market,
product, problem solving
Standards:
E.4.2.2 Explain a decision in terms of costs and benefits.
E.5.2.2 Describe goods and services that people in the local community
produce and those that are produced in other communities.
Concepts:
choice, decision making, money, saving, savings goals, spending
Standards:
E.4.2.2 Explain a decision in terms of costs and benefits.
E.6.2.2 Describe reasons for saving money in banks.
Make a list of the benefits and costs of each option for Juan and
help him to understand what his opportunity cost (the
opportunity lost) would be for each choice.
Standards:
E.5.2.2 Describe goods and services that people in the local
community produce and those that are produced in other
communities.
Concepts:
consumer, demand, economic wants, goods, market, product, services
Standards:
E.5.2.2 Describe goods and services that people in the local community
produce and those that are produced in other communities.
E.5.2.3 Describe ways markets exist in various places.
Concepts:
bank, credit, export, import,
incentive, loan, market, trade
Standards:
E.4.2.2 Explain a decision in terms of costs and benefits.
E.7.2.1 Describe why people in one country trade goods and services
with people in other countries.
E.7.2.2 Describe products that are produced abroad and sold
domestically and products that are produced domestically and
sold abroad.
Standards:
E.5.2.2 Describe goods and services that people in the local community
produce and those that are produced in other communities.
E.5.K.2 Discuss ways producers use human, natural, and capital
resources in the production of goods and services.
Concepts:
choice, decision making, opportunity cost, scarcity
Standards:
E.4.2.1 Discuss the importance of scarcity in relation to
choices and opportunity cost.
E.4.2.2 Explain a decision in terms of costs and benefits.
Concepts:
alternatives, benefits, consumer, costs, decision
Standards:
E.4.2.2 Explain a decision in terms of costs and benefits.
E.4.3.1 Illustrate examples of scarcity and opportunity cost within the
local community and different regions in the state.
Concepts:
blueprint, market, productive resources, prototype
Standards:
E.5.2.2 Describe goods and services that people in the local community
produce and those that are produced in other communities.
E.5.2.3 Describe ways markets exist in various places.
Concepts:
decision, economic wants, markets, consumer, producer, demand
Standards:
E.5.2.2 Describe goods and services that people in the local community
produce and those that are produced in other communities.
E.5.2.3 Describe ways markets exist in various places.
Concepts:
Review all concepts throughout the story.
Standards:
Review all standards.