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
The Golden Statue
In this lesson pupils will read an adapted version of a Buddhist legend that encourages them to reflect on how the generosity with which a gift is given is more…
Discrimination
In this lesson pupils will develop their understanding of the term ‘discrimination’. Pupils will consider what makes them unique and learn which characteristics are protected under the Equality Act. Pupils…
Online Opinions
During this lesson pupils explore why people see different results when searching for information online. Pupils find out about filter bubbles and consider what impact these have on peoples thoughts…
More Economics, Money and Managing Resources resources
Money – Wants and Needs
Pupils will consider the difference between wants and needs and discuss how our wants and needs can influence how we spend money. To access this content, register for our School…
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
More Politics and Democracy resources
Who Runs the Country?
In this lesson pupils explore who runs the country and how they are elected. Pupils will learn about the important role that MPs play in representing the people who live…
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
Controversial issues: guidance for schools
Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…
More KS3 (ages 11-14) resources
What is a Political Party?
This resource pack is the fourth of a four-part set which has been designed to introduce students to the...
Making a Difference From Home
Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...