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
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…
Conflicting Rights
In this lesson pupils will revisit their knowledge of human rights to consider situations in which people’s rights may appear in conflict with one another. Pupils will debate how they…
Family Life
In this lesson pupils will think about what it means to be part of a family and how they can make a positive difference in their family life. Pupils will be…
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...
Who’s Really Paying for COVID?
Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...
Housing Law (SmartLaw Subscription)
In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…
More Politics and Democracy resources
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
All at Sea: a story about fairness and the rule of law
During this lesson pupils use the story ‘All at Sea’ to explore how a group of citizens should organise a new society under a challenging set of circumstances. Each chapter…
More KS3 (ages 11-14) resources
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
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…
Voting and the General Election
This resource pack is the second of a four-part set which has been designed to introduce students to the...