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
Digital Footprints
In this lesson, pupils explore what a digital footprint is. They consider what is and isn’t appropriate to share online thinking about the impact of this information both now and…
Employment Law (SmartLaw Subscription)
During this lesson students explore the law that applies to young workers and what they can do if they believe their legal rights at work are not being upheld. To…
Who Keeps us Healthy?
In this lesson pupils consider what being healthy means and who plays a role in keeping the population healthy. The coronavirus pandemic is given as an example of populations taking…
More Economics, Money and Managing Resources resources
Controversial issues: guidance for schools
Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…
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...
More Politics and Democracy resources
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,…
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
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...
More KS3 (ages 11-14) resources
Consumer Law (SmartLaw Subscription)
This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…
Making a Difference From Home
Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...
Sentencing Myths (SmartLaw Subscription)
This short activity challenges young people’s perceptions of current sentencing guidelines. It can be run as a standalone activity or as an extension activity as part of a mock trial…