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
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
Exploring Our Community
In this lesson pupils will research what is meant by the word ‘community’. Pupils will think about who lives in their area and what services and facilities there are for…
More Economics, Money and Managing Resources resources
Why Do We Pay Taxes? (Part 2)
Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…
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…
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 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...
Biodiversity: Using the Law to Drive Change
During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...
How to share learning with your peers
Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...
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…
An Introduction to Discrimination Law (SmartLaw Subscription)
This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…
Law in Wales
Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...