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
Police Powers (SmartLaw Subscription)
This lesson examines the powers that the police have to stop and search, arrest and detain individuals. Students also have the opportunity to create their own ideal police force considering…
Homelessness
In this lesson pupils will think about what home means to them through writing a poem inspired by the line ‘Home is where the heart is’. They will consider the…
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 Economics, Money and Managing Resources resources
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...
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...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
More Politics and Democracy resources
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...
Democracy (Part 1): What is a General Election?
This lesson forms the first part of a three-part unit on Democracy. Pupils explore the meaning of ‘democracy’, and the ways in which citizens can participate in democratic life in…
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
More KS3 (ages 11-14) resources
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
Making a Difference From Home
Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...