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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] 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 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