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…
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...
Let’s Get Active!
In this lesson pupils will think about the physical and mental benefits of exercise for health and wellbeing. They will learn about the importance of keeping active as part a…
More Economics, Money and Managing Resources resources
You Decide! (KS4)
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...
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…
More Politics and Democracy resources
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
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 KS3 (ages 11-14) 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...
Fake News: The Evolution of Media
In this lesson, students explore how media has changed since the 1900s and the impact this has had on...
Create a Local Council Budget
Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...