Economics Homework Help

The University of Texas at Dallas Invisible Hand Discussion & Responses

 

Please watch this video and then comment on what you got out of it.  Does this make the term “Invisible Hand” more understandable to you?  What did you like about this video?  Was it easy to follow and understand?  Was there something that you did not like or that confused you?

Response 1

This video’s poem was quite entertaining to watch and listen to. This video made the term more understandable for me. At first I was kind of lost on that term but now I can see that it means an unseen force that kind of moves and betters the economy and market. I really enjoyed the graphics and visuals on this video. I really liked how it gave visuals for what the poet was talking about. I also liked how it was a poem because it made it easier to understand. It was also pretty easy to follow and understand because it was short and simple and active. Only thing that really confused me was that it was fast paced, I had to watch it twice to get a better understanding of what the poet was saying. Some stuff I would hear and think about for a second or two, then the poet would go on to a next topic. Did that happen to you guys as well? Or is it just me.

Response 2

It’s a Wonderful Loaf is a great example of putting things that we take for granted into perspective in an easy and understandable way. Something as simple as bread, that we all can get each and every day if we so choose, has so much more complexity to it than we realize. Every now and then something comes along and reminds us quickly how these simple things can go away however. I immediately thought of covid-19 of course, as most people experienced panic buyers and shortages of bread and toilet paper. The term invisible hand is well executed here as well, as it seems like there is a magician weaving everything into place, even when things go wrong. It always gets corrected in time, even if we are impatient about it. I really did enjoy this video, and it gave me strong vibes towards the Dark Knight movie scene featuring the joker talking about things going according to plan. Everyone is calm when things go as planned, and we carry out our day to day without much thought at all about how things are done or accomplished. Did this poem remind anyone else about something like this?