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
Litter: The Picnic
In this lesson pupils will follow the story of the Go-Givers having a picnic. Pupils will think about the problems caused by littering and how they can take responsibility for…
More Economics, Money and Managing Resources resources
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
More Politics and Democracy resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
Be Your Own Councillor
Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...
What is a Vote?
In this lesson pupils will learn what it means to vote by looking at relatable examples in the lives of the Go-Givers. They will consider why and how votes are…
More KS3 (ages 11-14) resources
Social Media and the Law (KS3) (SmartLaw Subscription)
Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of committing these offences. The…
Filter Bubbles: Tell Me What I Want To Hear
A “filter bubble” describes how algorithms limit and skew the information users see on the internet. In this lesson,...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...