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
Preventing Infectious Diseases
This lesson should be delivered as a follow-up to the lesson ‘What is an infectious disease?’ In this lesson pupils will recap their knowledge of infectious diseases, they will then…
What is Philanthropy?
In this lesson pupils will learn about the meaning of the word philanthropy through looking at real life examples. They will consider why philanthropy is important and what motivates philanthropists.…
What is a Political Party?
This resource pack is the fourth of a four-part set which has been designed to introduce students to the...
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...
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…
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
Brexit: Part 2 – Negotiations
Through the example of Brexit talks, this lesson introduces pupils to the concept of negotiation and the skills required to succeed in negotiations. Activities are designed to give pupils the…
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
More KS3 (ages 11-14) resources
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…
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
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…