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
What is Philanthropy?
In this lesson pupils will learn about the meaning of the word philanthropy through looking at real life examples. They will consider why philanthropy is important and what motivates philanthropists.…
Martin Luther King: Sacrificing All for the Dream
This lesson looks at discrimination against African Americans in the United States during the 1950s and 1960s, the Civil Rights Movement and how Martin Luther King achieved change through peaceful…
I Am Unique
This lesson focuses on celebrating diversity and respecting differences. During the lesson pupils will gain an understanding of what it means to be unique through participating in a range of…
More Economics, Money and Managing Resources resources
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…
More Politics and Democracy 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…
The G7 (Assembly Pack)
During this assembly pupils explore the history and function of the G7 and are introduced to the sort of discussions held at the annual G7 Summit. They learn about the…
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
More KS3 (ages 11-14) resources
Bar Mock Trial Competition – Support Videos
Preparing for the Bar Mock Trial Competition? Watch these video explainers, demonstrations and expert tips on key aspects of criminal trials. To access this content, register for our Bar Mock…
Law in Wales
Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...
How to share learning with your peers
Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...