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…
What Happens When Rules are Broken?
Pupils consider what happens when rules are broken. They explore what consequences are, how we can ensure that consequences are fair and what information someone might need to have before…
The G7 (Lesson Plan)
During this two lesson resource pupils learn about the G7 and take part in a mock G7 Summit meeting. During the first lesson pupils explore the history and function…
More Economics, Money and Managing Resources resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
More Politics and Democracy resources
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...
Why Do We Pay Taxes? (Part 1)
Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
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...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
Your Legal Rights and Responsibilities (SmartLaw Subscription)
This lesson introduces students to the concepts of their legal rights and responsibilities and explores how the law impacts their daily lives. Students explore the different ages that various laws…