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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, these extended deliberations remind that trade is politically charged and important given the trade rules…

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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 their graduates, armed with their defective financial models and lacking in ethical standards, are accused…

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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 economics.  The main point of this school is that humans are subject to too many…

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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 make money by taking advantage of those who had been adversely affected by this horrific…

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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 2 percent of our annual national income.  Given this heavy demand of advertising on our…

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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 financial economics and international economics,  and two of the CSB professors, Dr. Hassan Shirvani and…

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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 habits that can make or break their academic career. The Cameron School of Business is…

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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 were several undergraduate and graduate students interested in enrolling. I was not the exception. As…

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