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
People Who Are Special To Me
In this lesson pupils will think about the ‘special people’ in their lives such as family, friends and carers. Pupils will be encouraged to recognise and respect the diversity found…
The Value of Trees
This lesson is one of a collection which examine environmental issues. In this lesson pupils will learn about the role trees play in supporting life on Earth and their importance…
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
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...
Who’s Really Paying for COVID?
Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...
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
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…
Democracy (Part 1): What is a General Election?
This lesson forms the first part of a three-part unit on Democracy. Pupils explore the meaning of ‘democracy’, and the ways in which citizens can participate in democratic life in…
Citizenship: a privilege or a right?
Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...
More KS3 (ages 11-14) resources
An Introduction to Discrimination Law (SmartLaw Subscription)
This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…
Create a Local Council Budget
Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...
Learning About the Law (SmartLaw Subscription)
This lesson gives students an introduction to the legal system in the UK. During the lesson students will examine the roles of the various professionals involved in the law and…