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
Using Technology for Good
In this lesson pupils will consider the multiple uses of technology and how technology can be used to solve problems. Pupils will be introduced to the example of Trevor Baylis,…
The Selfish Little Red Hen
In this lesson pupils will read and discuss the tale of the Selfish Little Red Hen who does not offer her friend any help as she prepares for a party.…
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...
More Economics, Money and Managing Resources resources
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
More Politics and Democracy resources
Law Makers (SmartLaw Subscription)
In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…
Plastic Pollution (KS2)
Find out more about the impact of plastic on our oceans. Watch this introductory video and use our free...
Biodiversity: Using the Law to Drive Change
During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...
More KS3 (ages 11-14) resources
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
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…