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
Citizenship and the Wider World
During this lesson pupils consider what it means to be a global citizen and what rights and responsibilities come with this. They consider a range of global issues; analysing…
Make a Difference in a Day
The Make a Difference in a Day resource pack has been created for teachers who want to deliver a...
People Who Are Special To Me
In this lesson pupils will think about the ‘special people’ in their lives such as family, friends and carers. Pupils will be encouraged to recognise and respect the diversity found…
More Economics, Money and Managing Resources 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…
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
More Politics and Democracy resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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,…
An Introduction to Human Rights
In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...
More KS3 (ages 11-14) resources
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
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…