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
Water: Our Most Precious Resource
In this lesson pupils will learn about the qualities of water and why it is vital to life on Earth. They will consider the problems facing people who cannot…
Magna Carta
During this lessons pupils will look at the history of the Magna Carta and consider how it has helped shape the laws we have today. Pupils consider what ‘fairness’…
What is a Citizen?
In this lesson pupils will be encouraged to think of themselves as citizens with the potential to make a positive difference in society. The lesson opens with the traditional tale…
More Economics, Money and Managing Resources resources
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
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
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
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...
More KS3 (ages 11-14) resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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...
Your Legal Rights and Responsibilities (SmartLaw Subscription)
This lesson introduces students to the concepts of their legal rights and responsibilities and explores how the law impacts their daily lives. Students explore the different ages that various laws…