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
The Selfish Little Red Hen
In this lesson pupils will read and discuss the tale of the Selfish Little Red Hen who does not offer her friend any help as she prepares for a party.…
Cancer – Early Detection and Prevention
This lesson has been designed in response to the Big Vote, where children voted on what issues they most cared about. The vote was to mark the ten year anniversary…
Conflict: Part 2 – Mediation
In this lesson pupils will discuss the principles of simple mediation strategies and apply these in role play scenarios to explore how people can voice and resolve their differences. The…
More Economics, Money and Managing Resources resources
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...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
More Politics and Democracy 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…
Children’s Rights
In this lesson pupils will learn that there are specific rights for children which are set out in the United Nations Conventions on the Rights of the Child. Pupils will…
Why Do We Pay Taxes? (Part 1)
Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.
More KS3 (ages 11-14) resources
Bar Mock Trial Competition – Support Videos
Preparing for the Bar Mock Trial Competition? Watch these video explainers, demonstrations and expert tips on key aspects of criminal trials. To access this content, register for our Bar Mock…
Social Media and the Law (KS3) (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 committing these offences. The…
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...