Overview
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future generations.
By the end of the lesson students will be able to:
- Describe what debt is and why someone might find themselves in debt
- Explain the difference between personal and sovereign debt
- Examine the impact of personal and sovereign debt
This lesson forms part of our wider collection of Economic and Financial Literacy teaching resources.
More Lessons resources
Looking Out For Others
In this lesson pupils will think about kind and unkind behaviour. They will consider how they can help and support each other in order to create a happy class community.…
Who Keeps us Healthy?
In this lesson pupils consider what being healthy means and who plays a role in keeping the population healthy. The coronavirus pandemic is given as an example of populations taking…
Inspirational People
In this lesson pupils will learn about what it means to be inspirational. They will develop their understanding of the term through looking at real life examples in the media.…
More Economics, Money and Managing Resources resources
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
Create a Local Council Budget
Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...
How Should We Farm?
In this lesson pupils will learn about different farming methods. They will consider the advantages and disadvantages of these methods and learn how to identify labels that indicate how food…
More Politics and Democracy resources
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
Democracy (Part 2): Local and Central Government
This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
More KS3 (ages 11-14) resources
Learning About the Law (SmartLaw Subscription)
This lesson gives students an introduction to the legal system in the UK. During the lesson students will examine the roles of the various professionals involved in the law and…
Fake News: The Evolution of Media
In this lesson, students explore how media has changed since the 1900s and the impact this has had on...
Cyberbullying (SmartLaw Subscription)
According to research by the charity Ditch the Label, 7 in 10 young people have experienced cyberbullying, 20% of whom experience it daily. Support your students to know their legal…