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
Who Owns Your Data?
This ready-to-teach double lesson pack is aimed at students in key stages 4 and 5. During the course of...
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…
Children’s Rights
In this lesson pupils will learn that there are specific rights for children which are set out in the United Nations Conventions on the Rights of the Child. Pupils will…
More Economics, Money and Managing Resources resources
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…
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
More Politics and Democracy resources
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
Democracy (Part 2): Local and Central Government
This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…
Children’s Rights
In this lesson pupils will learn that there are specific rights for children which are set out in the United Nations Conventions on the Rights of the Child. Pupils will…
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…
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...