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 Are Human Rights?
In this lesson pupils will explore what human rights are. They will examine individual human rights and discuss why they are of primary importance to all people and society. Pupils…
What is a Vote?
In this lesson pupils will learn what it means to vote by looking at relatable examples in the lives of the Go-Givers. They will consider why and how votes are…
More Economics, Money and Managing Resources resources
Create a Local Council Budget
Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...
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...
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
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
Why Do We Pay Taxes? (Part 1)
Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.
Democracy (Part 2): Local and Central Government
This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…
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…
Tackling Discrimination (SmartLaw Subscription)
This lesson asks students to explore whether or not we have a moral or legal obligation to tackle discrimination when we see it. It can be delivered as a stand-alone…
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…