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
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
Why Do We Have Rules?
In this lesson pupils will think about the purpose of rules by reflecting on what life might be like without them. Pupils will discuss different types of rules in the…
More Economics, Money and Managing Resources resources
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...
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…
Housing Law (SmartLaw Subscription)
In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…
More Politics and Democracy resources
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,…
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…
Children’s Rights
In this lesson pupils will learn that there are specific rights for children which are set out in the United Nations Conventions on the Rights of the Child. Pupils will…
More KS3 (ages 11-14) resources
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
Cyberbullying (SmartLaw Subscription)
According to research by the charity Ditch the Label, 7 in 10 young people have experienced cyberbullying, 20% of whom experience it daily. Support your students to know their legal…
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...