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
Social Media and the Law (KS4) (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 these offences. Finally, students…
The Two Brothers
In this lesson pupils will read a tale adapted from Egyptian legend which tells of the love and care which two brothers showed for each other. In discussion, pupils will…
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
More Economics, Money and Managing Resources resources
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
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…
More Politics and Democracy resources
Democracy (Part 3): Why Do We Have Laws?
This lesson forms the final part of a three-part unit on democracy. Pupils learn about democracy and the rule of law. They discover the different roles of parliament, government and…
Being An Online Citizen
During this lesson pupils consider their rights and responsibilities as digital citizens, focusing on how the online world can be used as a force for good. Pupils consider what skills,…
Children’s Rights
In this lesson pupils will learn that there are specific rights for children which are set out in the United Nations Conventions on the Rights of the Child. Pupils will…
More KS3 (ages 11-14) resources
What is Media Bias?
During this lesson students explore what bias within the media is and how it differs from fake news. They...
Voting and the General Election
This resource pack is the second of a four-part set which has been designed to introduce students to the...
Police Powers (SmartLaw Subscription)
This lesson examines the powers that the police have to stop and search, arrest and detain individuals. Students also have the opportunity to create their own ideal police force considering…