Saturday 30 November 2019

PEARL EXCHANGE

This activity helped the learners get an understanding of the relationship between supply and demand, and PRICE (increase/decrease).

The learners took turns in the pretend play, as SELLERS and BUYERS in a PEARL MARKET. They were allowed to negotiate and use their strong communication skills to convince their partners to SELL/BUY their pearl closest to their MINIMUM SELLING/MAXIMUM BUYING capacity. The scenarios were twisted by adding more buyers or more sellers in the last two rounds. The last part, REFLECTION, they observed the effect of the changes to the PRICE of the commodity.




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