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Luxury Time: The “Pearl Exchange” Activity

One huge benefit of flipping my AP classroom is the opportunity to apply content to real-world experiences through simulations.  In the traditional classroom setting, the abundance of direct instruction needed meant that I spent a great portion of my time checking for understanding and re-teaching concepts that my students struggled with.  This left little time for valuable activities that etched lasting memories with my students.

However, now that most of my driest instructions is provided via my YouTube channel (www.youtube.com/youwillloveeconomics), my time in the classroom is dedicated to methodologies that scale to higher intelligences and expand on subject matter.  Finally, I have the time to run interesting and fun simulations that foster critical thinking and incorporate real-world application of economic concepts.

I’d like to share a video of my latest activity: “The Pearl Exchange”.  In this activity, students simulated the principle of voluntary exchange in the marketplace, acting as buyers and sellers to establish an equilibrium price and quantity in the market for pearls.  I made the activity more real by handing out small, fake pearls that I bought at Michaels for super cheap, and I used fake money that I purchased at the dollar section at Target.  These small and inexpensive touches brought the simulation to life and made a larger impact on student learning than on my wallet.

I love watching how engaged my students are in the student-centered learning environment.  They work together, critically think together, and discover together.

If you’d like to learn more about this great activity, you can visit our store at teacherspayteachers.com and find the Pearl Exchange Activity as a free giveaway. Please feel free to leave a question or comment below, and you can use the video provided as reference on how to run the activity.

As the school year continues, I’ll keep you up-to-date with how the flipped AP classroom is doing.  In the meantime, I’d love to hear your opinions about the advanced placement classroom, the flipped-mastery model, my YouTube channel and teaching materials, or any other experiences in education.

Until next time!