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 Two Brothers
In this lesson pupils will read a tale adapted from Egyptian legend which tells of the love and care which two brothers showed for each other. In discussion, pupils will…
Plastic Pollution (KS1)
During this lesson children explore the environmental effects of plastic pollution by carrying out a number of experiments. They then go on to consider how they can take action against…
Social Media and the Law (KS3) (SmartLaw Subscription)
Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of committing these offences. The…
More Economics, Money and Managing Resources resources
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
More Politics and Democracy resources
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Voting and the General Election
This resource pack is the second of a four-part set which has been designed to introduce students to the...
More KS3 (ages 11-14) resources
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…
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...
Police Powers (SmartLaw Subscription)
This lesson examines the powers that the police have to stop and search, arrest and detain individuals. Students also have the opportunity to create their own ideal police force considering…