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
Being Part of a School Community
During this lesson pupils recap what we mean by the term active citizen. They consider what qualities and skills an active citizen should have and explore how these skills and…
All at Sea: a story about fairness and the rule of law
During this lesson pupils use the story ‘All at Sea’ to explore how a group of citizens should organise a new society under a challenging set of circumstances. Each chapter…
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…
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...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
More Politics and Democracy resources
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
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’…
More KS3 (ages 11-14) resources
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
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…
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…