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
Looking Out For Others
In this lesson pupils will think about kind and unkind behaviour. They will consider how they can help and support each other in order to create a happy class community.…
Relationships and the Law
During this lesson pupils explore the concept of marriage and civil partnerships focusing on the fact that they are a legal commitment between two people and what this means. Pupils…
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…
More Economics, Money and Managing Resources 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…
Controversial issues: guidance for schools
Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
More Politics and Democracy resources
Voting and the General Election
This resource pack is the second of a four-part set which has been designed to introduce students to the...
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…
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…
More KS3 (ages 11-14) resources
What is a Political Party?
This resource pack is the fourth of a four-part set which has been designed to introduce students to the...
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…