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
Housing Law (SmartLaw Subscription)
In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…
Protecting Local Habitats (KS2)
In this lesson pupils will learn about the importance of habitats and explore endangered British species and the threats to their habitat. Pupils will be guided through ways in which…
More Economics, Money and Managing Resources resources
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
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…
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
More Politics and Democracy resources
Fake News: The Evolution of Media
In this lesson, students explore how media has changed since the 1900s and the impact this has had on...
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…
Democracy (Part 1): What is a General Election?
This lesson forms the first part of a three-part unit on Democracy. Pupils explore the meaning of ‘democracy’, and the ways in which citizens can participate in democratic life in…
More KS3 (ages 11-14) resources
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
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...
Youth Justice (SmartLaw Subscription)
During this lesson, students will explore the process a young person goes through when they commit, or are suspected of committing a crime. They will also examine different types of…