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
Climate Change
Learners explore what climate change is and what is causing it. They consider who is responsible for climate change: individuals, politicians, businesses? They are then challenged to think of a…
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
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
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...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
More Politics and Democracy resources
Law Makers (SmartLaw Subscription)
In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
Brexit: Part 1 – Referendum
Pupils will be given a brief introduction to the European Union. They will learn about why people’s opinions about the EU are divided and the results of the EU referendum.…
More KS3 (ages 11-14) resources
Sentencing Myths (SmartLaw Subscription)
This short activity challenges young people’s perceptions of current sentencing guidelines. It can be run as a standalone activity or as an extension activity as part of a mock trial…
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...