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 Are Human Rights?
In this lesson pupils will explore what human rights are. They will examine individual human rights and discuss why they are of primary importance to all people and society. Pupils…
Discrimination
In this lesson pupils will develop their understanding of the term ‘discrimination’. Pupils will consider what makes them unique and learn which characteristics are protected under the Equality Act. Pupils…
Democracy (Part 2): Local and Central Government
This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…
More Economics, Money and Managing Resources resources
Money – Wants and Needs
Pupils will consider the difference between wants and needs and discuss how our wants and needs can influence how we spend money. To access this content, register for our School…
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…
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 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’…
An Introduction to Human Rights
In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
More KS3 (ages 11-14) resources
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
Tackling Discrimination (SmartLaw Subscription)
This lesson asks students to explore whether or not we have a moral or legal obligation to tackle discrimination when we see it. It can be delivered as a stand-alone…
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...