Posts for Economics

Trade for Texas: Strength in North America 

By Dr. Beverly Barrett –This spring, within two weeks, the United Kingdom has requested two extensions to determine the country’s way forward in relationship to the European Union (EU), regarding “Brexit.”  Since the British popular referendum nearly three years ago,

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Business Schools and the Financial Crisis

By Dr. Hassan Shirvani—Business schools have been widely criticized for causing the recent financial crisis by teaching deeply flawed financial models and by failing to instill in their students an adequate appreciation of socially responsible behavior.  As a result, many of

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Cognitive Biases and Rational Behavior

By Dr. Hassan Shirvani—As you might have heard, the 2017 Nobel Prize in Economics was awarded to Richard Thaler for his pioneering work in the field of behavioral economics, a school of thought dedicated to the application of psychology to

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Profiting from Harvey

By: Gavin Brown & Sajjad Meghani–Houston recently suffered from the onslaught of Harvey, a once-in-a-thousand-years flood which devastated large parts of the city. Given the dire situation in Houston and seeing an opportunity for profiteering, some individuals were quick to

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An Economic Explanation for Why Donald Trump Won the 2016 Presidential Election

By Dr. Pierre Canac – With real GDP growing at 3.2% during the third quarter of 2016 while unemployment was running at 4.6% in November and 178,000 jobs were created during the month, we could have expected that the voters

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Friendship Ambassador Award Gala: US – China People’s Friendship Association

By Dayuan Peter Liu – On Friday October 28, 2016, at the Kim Son Downtown Ballroom, the US-China People’s Friendship Association (USCPFA) Houston Chapter hosted the 10th Annual Friendship Ambassador Award Gala. The University of St. Thomas is a Silver

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Advertising and Economics

By Dr. Hassan Shirvani–Advertising is an important feature of our daily economic life.  As we watch TV, listen to radio, read newspapers and magazines, and use social media, we are constantly bombarded with advertisements.  For this “privilege,” we are asked to pay some $325 billion per year, roughly

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Insight from Former Treasury Secretary Lawrence H. Summers: Global Perspectives Speaker

By Jeffrey Coburn—On September 27, 2016, the Federal Reserve of Dallas, Texas, held its Global Perspectives Speaker Series, featuring Former Treasury Secretary Lawrence H. Summers. I was interested in going to the event because I want to learn more about

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How to Succeed in the Cameron School of Business: An Insider’s Scoop

Whether a student is a first generation college student or comes from a long line of college graduates, college can be a new world of experiences and challenges for students.  Many times students aren’t aware of the skills, behaviors, and

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15 Days in Cuba: A Unique Study Abroad Experience

By Barbara Bordon –After the relaxing of the US embargo to Cuba in 2016, the island has received a considerable number of US travelers. The University of St. Thomas organized a study abroad trip to Cuba in August, and there

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