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…
Water: Our Most Precious Resource
In this lesson pupils will learn about the qualities of water and why it is vital to life on Earth. They will consider the problems facing people who cannot…
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 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…
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
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
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…
Who Runs the Country?
In this lesson pupils explore who runs the country and how they are elected. Pupils will learn about the important role that MPs play in representing the people who live…
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
More KS3 (ages 11-14) resources
How to share learning with your peers
Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…