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
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
Digital Footprints
In this lesson, pupils explore what a digital footprint is. They consider what is and isn’t appropriate to share online thinking about the impact of this information both now 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
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…
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…
Consumer Law (SmartLaw Subscription)
This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…
More Politics and Democracy resources
What is a Political Party?
This resource pack is the fourth of a four-part set which has been designed to introduce students to the...
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...
Climate Action: Using the Law to Drive Change
In 2021, COP26 was hosted in Glasgow. It was seen as a pivotal moment in tackling the global climate...
More KS3 (ages 11-14) resources
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…
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...