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
The Selfish Little Red Hen
In this lesson pupils will read and discuss the tale of the Selfish Little Red Hen who does not offer her friend any help as she prepares for a party.…
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…
Anna’s Monster Lies
In this lesson pupils will read the story of Anna who tells lies to avoid getting into trouble. As she lies a monster (her conscience) starts to follow her, growing…
More Economics, Money and Managing Resources 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…
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to 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 Politics and Democracy resources
Magna Carta
During this lessons pupils will look at the history of the Magna Carta and consider how it has helped shape the laws we have today. Pupils consider what ‘fairness’…
Biodiversity: Using the Law to Drive Change
During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
More KS3 (ages 11-14) resources
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…
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…
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...