Economics Archives - Cameron School of Business Blog

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Posts for Economics

Cognitive Biases and Rational Behavior

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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

Profiting from Harvey

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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

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

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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

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

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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

Advertising and Economics

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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

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

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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

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

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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

15 Days in Cuba: A Unique Study Abroad Experience

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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

Psychology and Economics

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By Dr. Hassan Shirvani—Among the collateral damages of the recent global economic crisis has been the reputation of the economics profession whose members famously failed to anticipate the financial tsunami that rocked the world. Enmeshed in their complex mathematical models with their highly unrealistic assumptions, most economists were seemingly as stunned by the suddenness and the severity of

Schumpeter on Entrepreneurship

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By Dr. Hassan Shirvani –Since the great Austrian economist Joseph Schumpeter (1883-1950) introduced the concept of entrepreneurship into economics almost a century ago, economists have struggled to systematically incorporate this concept into their models of economic development, with only limited

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Posts for Economics

Cognitive Biases and Rational Behavior

Profiting from Harvey

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

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

Advertising and Economics

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

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

15 Days in Cuba: A Unique Study Abroad Experience

Psychology and Economics

Schumpeter on Entrepreneurship

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