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
Strong Societies
In this lesson pupils will consider the benefits of living in a society rather than isolation. They will identify roles that are essential to a strong society and reflect on…
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…
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…
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...
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…
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
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...
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…
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
More KS3 (ages 11-14) resources
Who’s to Blame? (SmartLaw Subscription)
This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…
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…
An Introduction to Discrimination Law (SmartLaw Subscription)
This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…