Help! I just watched the video on knitting on two circs and I'm a little confused.

When switching needles it looks like Amy turned over the knitting like you do when knitting on straight needles. Is this correct? Also, if the pattern calls for stockinette stitch, does it mean that I would knit one "round" and then purl the next, and so on since it's not knitting circular per se.
Any help would be appreciated!