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
Conflict: Part 1 – Reacting to Conflict
In this lesson pupils will take part in discussions relating to situations of conflict. Pupils will consider actions which provoke conflict and actions which can help to calm conflict. They…
Water: Our Most Precious Resource
In this lesson pupils will learn about the qualities of water and why it is vital to life on Earth. They will consider the problems facing people who cannot…
Taking Responsibility
This lesson is based around the clever traditional poem about four children named Everybody, Somebody, Anybody and Nobody. It introduces children to the idea of taking responsibility in the context…
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...
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
More Politics and Democracy resources
Brexit: Part 1 – Referendum
Pupils will be given a brief introduction to the European Union. They will learn about why people’s opinions about the EU are divided and the results of the EU referendum.…
Democracy (Part 3): Why Do We Have Laws?
This lesson forms the final part of a three-part unit on democracy. Pupils learn about democracy and the rule of law. They discover the different roles of parliament, government and…
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.
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...
Crime and its Impact (SmartLaw Subscription)
Students explore the impact of crime on those surrounding the victim and the perpetrator and consider the financial, physical and emotional ripples that crime can have on a community. Please…
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...