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
Why Do We Wash Our Hands?
In this lesson pupils will learn that washing their hands can help to prevent the spread of germs which cause illnesses. Pupils will experiment with hand washing techniques before being…
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
More Economics, Money and Managing Resources resources
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…
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
More Politics and Democracy resources
Exploring Our Community
In this lesson pupils will research what is meant by the word ‘community’. Pupils will think about who lives in their area and what services and facilities there are for…
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
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…
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...
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...
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...