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
Who’s to Blame? (SmartLaw Subscription)
This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…
Understanding Cancer
Many children in classrooms all around the country are dealing with cancer in one way or another at any given time. This lesson seeks to answer some of their questions…
Citizenship: a privilege or a right?
Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...
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...
How Should We Farm?
In this lesson pupils will learn about different farming methods. They will consider the advantages and disadvantages of these methods and learn how to identify labels that indicate how food…
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
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...
An Introduction to Human Rights
In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...
Mock Parliament Debate
Aimed at students in KS4 and 5 (13-18 year olds) the pack is designed to be delivered over a...
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...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Who’s to Blame? (SmartLaw Subscription)
This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of...