On 24 September, we had an activity to help further our knowledge and understanding on the demand and the supply curve and the point at which they meet, known as the market price or the equilibrium. We went outside and then labelled one person as a customer with her team known as ‘demand’ and the other as a producer with her team: supply. When playing the game, the people in the supply team played as same and the people in the customers’ team as different. We played about 4 games of ‘ampe’ and depending on how many wins the customer had against the supplier and vice versa, we produced the various supply and demand curves and had two people meeting in the middle which we all agreed represented the market equilibrium. We had to look out for how many scores each person assigned to the supplier and the customer scored so we had to use our thinking skills to know where exactly to be on the “graph” created. We had some people from the other economics class join us. It has helped me understand the concept of equilibrium better because I now know that there is a common ground at which the suppliers and the customers meet. It has also helped me to differentiate between the demand and the supply curve. I now know that the demand curve slopes downwards from left to right and the supply curve slopes upward from left to right.
Fairness from our global context was also seen in the game as both the supplier and the customer had their individual turns. We also realised that the customer didn’t always win and vice versa, so there was also some sort of change from the key concept. ~Phoebe Abena Osei
Today was amazing because we had to use our ATL skills which were the thinking skills using ‘ampe’ to create a demand and supply curve to show that the lower the price the higher the quantity demanded and the higher the price the lower the quantity that will be demanded.
In class, our teacher told us that we were going to use a game to create the demand curve and as an inquirer I was looking forward to see how it would look. In Ampe one has to be fair in the game. This also explained the global context of the unit Fairness and Development. In the game we had to change (key concept) because the line slopes so people from supply entered the line of demand. The demand curve slopes negatively from the left to right and the supply curve slopes positively from left to right.
As the people in both the demand and supply team were moving in a form of a slope in different directions, one person from the demand team and another from and the supply team crushed in the middle band that was the equilibrium or market price. ~Benedicta Adu Tutu.
During our second period in economics class, we had the opportunity to go out of class in order to perform a short and fun activity in order to enhance our understanding of market equilibrium. In my perspective, I gained a lot of knowledge from the ‘ampe’ game used as an example to help us understand better. We were all tagged with paper on our backs either for supply and demand and we all were given sides for either same or different as well as costumers and producers.
Depending on whether the producer or consumer won, each person at a time had a place to go with each given point. At the end of the whole game, two members from both teams came together to form an equilibrium through the points made by the producer and the supplier. After playing this game, I have understood the demand, supply and market price and I can now relate this to real life situations. From this activity, with our key concepts being change, I was able to see the change in direction and place in the supply and demand curve. I have also acquired some ATL skills from this activity, such as: thinking skills, where I was able to think immediately, in order to quickly move to get the right position in order to get to meet another person in the center to form the market price.
I have also acquired social skills by communicating with my teammates and collaborating with them to get more scores, in this case higher prices as we were the suppliers. ~Nhyira Owusu
The ‘ampe’ game has allowed me to gain a better understanding of the demand and supply concepts. As the producer and customer were at work, the demand and supply curves were being outlined, and then the equilibrium (market price), also came about. Finally, when the game was over, and all the ‘children of the 2 mothers’, had fit into the curve, there was a bold X that represented the 2 curves being portrayed on the same graph. When we have to relate it to the ATL skills, I had to think on the spot when we were supposed to form the curves on the same graph. This was my first time participating in such an activity, and frankly, I was quite confused in the beginning, but with teamwork, the whole class was able to form a beautiful graph. In relation to research, I had to discover for myself what the equilibrium was before we came to class, so that the game would be easier as I would understand it better during the course of the game. In relation to the global context, fairness is involved in ampe, when we are supposed to have the same number of children in order for the graph and game to be equal, and consistent. I also realised that in relation to the key concept, change is involved in demand and supply, when there are factors that affect the demand and supply curve such as cost of factors of production, and global climates such as natural disasters, that will cause a shift in the curve. ~Lexi Forson