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
Conflict: Part 1 – Reacting to Conflict
In this lesson pupils will take part in discussions relating to situations of conflict. Pupils will consider actions which provoke conflict and actions which can help to calm conflict. They…
More than One Friend
In this lesson about friendship, pupils will follow the story of Digby who is upset when his best friend Anna starts spending a lot of time with someone else. Pupils…
More Economics, Money and Managing Resources resources
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…
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
More Politics and Democracy resources
Biodiversity: Using the Law to Drive Change
During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...
Democracy Ambassadors
What was Democracy Ambassadors? Between April 2018 and March 2019 Young Citizens worked with youth leaders to recruit 1,000...
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
More KS3 (ages 11-14) resources
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…
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...
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…