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6th Grade Social Studies
Australia Economics Unit Information
Milestones Domain/Weight: Economics 25%
Content Map: Australia Content Map (includes all domains)
Australia’s Economics Teacher Notes
Prerequisites: No elementary standards align to Australia’s Economics
Unit Length: Approximately 7 days [with the government]
Australia Study Guide | Australia Study Guide KEY
Click on the links below for resources by Essential Question:
EQ 6: What is the economic system of Australia?
EQ 7: How do economic factors influence Australia?
TCSS 6th SS Australia Economics Unit
Essential Question and
Standard(s)
6. What is the economic
system of Australia?
Standard(s):
Vocabulary
Essential*
Exchange
Currency
International trade
Resources [Back to Top]
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Australia Economic System Analysis
Australia Economic System PPT Slide
Australia Economic System Notes
Heritage Foundation Economic Freedom Index:
Australia | PDF

Priority:
SS6E8c. Describe the
economic system used in
Australia.
Supplemental:
SS6E9c. Explain why
international trade requires
a system for exchanging
currency between nations.
TCSS
Supplemental**
Assessment



SS6E8c. Sample
Assessment Items
SS6E9c. Sample
Assessment Items
Australia GOFAR CR
Economic System &
Entrepreneurship
*Essential Vocabulary listed in
the Standards
**Supplemental Vocabulary
listed in the state frameworks
and/or other state document
1/11/2016
2
TCSS 6th SS Australia Economics Unit
Essential Question and
Standard(s)
7. How do economic factors
influence Australia?
Standards:
SS6E9a. Explain how
specialization makes trade
possible between countries.
SS6E9b. Compare and contrast
different types of trade barriers,
such as tariffs, quotas and
embargos.
SS6E10a. Explain the
relationship between investment
in human capital (education and
training) and gross domestic
product (GDP).
SS6E10b. Explain the
relationship between investment
in capital goods (factories,
machinery, and technology) and
gross domestic product (GDP).
SS6E10c. Describe the role of
natural resources in a country’s
economy.
SS6E10d. Describe the role of
entrepreneurship.
Vocabulary
Essential*
Tariff
Quota
Embargo
Capital
Exchange
Currency
Investment
Continuum
Literacy rate
Pure market
Pure command
Mixed economy
Specialization
Trade barriers
Human capital
Entrepreneurship
Standard of living
Gross Domestic
Product (GDP)
Resources [Back to Top]

Australia Economic Factors Activity
Assessment
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SS6E9a. Sample Assessment Items
Question: How does specialization
affect the ability of Australia to trade
with other countries? Exemplar
SS6E9b. Sample Assessment Items
SS6E9b. GOFAR CR Trade Barriers
SS6E10a. Sample Assessment Items
SS6E10a. GOFAR CR Human Capital
SS6E10b. Sample Assessment Items
SS6E10b. GOFAR CR Capital
SS6E10c. Sample Assessment Items
SS6E10c. GOFAR CR Resources
SS6E10d. Sample Assessment Items
Australia GOFAR Entrepreneurship
and Economic Sys
SS6G14b. Sample Assessment Items
SS6G14b. GOFAR CR Literacy
Supplemental**
Import
Export
*Essential Vocabulary
listed in the Standards
**Supplemental
Vocabulary listed in the
state frameworks
and/or other state
document
SS6G14b. Evaluate how the
literacy rate affects the standard
of living.
TCSS
1/11/2016
3