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 the Law?
Watch a read-aloud version of the book ‘What is the Law?’, in which a hedgehog called Snippet finds out about the law. The book has been separated into four chapters…
What Happens When Laws are Broken?
During this lesson pupils explore what happens when laws are broken, learn about the different types of sentences that are given and the main purposes of sentencing. Before taking part…
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…
More Economics, Money and Managing Resources resources
How Should We Farm?
In this lesson pupils will learn about different farming methods. They will consider the advantages and disadvantages of these methods and learn how to identify labels that indicate how food…
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...
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 Politics and Democracy resources
Climate Action: Using the Law to Drive Change
In 2021, COP26 was hosted in Glasgow. It was seen as a pivotal moment in tackling the global climate...
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.…
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...
More KS3 (ages 11-14) resources
Filter Bubbles: Tell Me What I Want To Hear
A “filter bubble” describes how algorithms limit and skew the information users see on the internet. In this lesson,...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
More resource packs
Related content
Mock Trials
The Mock Trial Competitions are our longest-running active learning experiences. Since 1991, we have provided unparalleled exposure to the...