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
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
Why Do We Pay Taxes? (Part 2)
Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…
More Economics, Money and Managing Resources resources
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…
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
More Politics and Democracy resources
Exploring Our Community
In this lesson pupils will research what is meant by the word ‘community’. Pupils will think about who lives in their area and what services and facilities there are for…
Being An Online Citizen
During this lesson pupils consider their rights and responsibilities as digital citizens, focusing on how the online world can be used as a force for good. Pupils consider what skills,…
COP: Climate Action
In November 2021, COP26 took place in Glasgow. It was the most pivotal climate summit of all time. This resources will explore what COP is and what COP26 aimed to…
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…
Youth Justice (SmartLaw Subscription)
During this lesson, students will explore the process a young person goes through when they commit, or are suspected of committing a crime. They will also examine different types of…
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...