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
Law in Wales
Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...
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…
Law Makers (SmartLaw Subscription)
In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…
More Economics, Money and Managing Resources resources
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…
More Politics and Democracy resources
COP: Climate Action
In November 2021, COP26 took place in Glasgow. It was the most pivotal climate summit of all time. This resources will explore what COP is and what COP26 aimed to…
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...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
More KS3 (ages 11-14) resources
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…