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
Cultural Diversity in the UK
In this lesson pupils will be learning about cultural diversity in the UK and some of the historical factors that have contributed to the diversity of the UK population. Pupils…
Getting to Know You
In this lesson pupils will share their likes and dislikes as well as what makes them special. Activities provide lots of opportunities for pupils to learn about their classmates and…
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
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
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…
More Politics and Democracy resources
Plastic Pollution (KS2)
Find out more about the impact of plastic on our oceans. Watch this introductory video and use our free...
Where do you Stand?
Over a series of short sessions, pupils will have the opportunity to consider topical issues related to their school life. Pupils will consider the strength of arguments for and against…
The G7 (Assembly Pack)
During this assembly pupils explore the history and function of the G7 and are introduced to the sort of discussions held at the annual G7 Summit. They learn about the…
More KS3 (ages 11-14) resources
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
Cyberbullying (SmartLaw Subscription)
According to research by the charity Ditch the Label, 7 in 10 young people have experienced cyberbullying, 20% of whom experience it daily. Support your students to know their legal…
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…