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
Saving Energy
In this lesson pupils will learn what is meant by the term energy source. They will consider how they use energy in their lives and be introduced to the basic…
Design a Community Centre
In this lesson pupils will consider the varying needs and interests of a range of fictional characters and design a community centre and activity programme that matches their requirements. …
More Economics, Money and Managing Resources resources
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…
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
More Politics and Democracy resources
An Introduction to Human Rights
In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
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…
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...
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...
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...