Twin Cities campus

This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.

 
Twin Cities Campus

International Business Minor

CSOM Strategic Mgmt & Entrepre
Curtis L. Carlson School of Management
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2016
  • Required credits in this minor: 12 to 18
The international business minor provides students with a vital foundation for success in today's global business environment. It enhances any functional major with a broad understanding of the additional complexity and contingencies required when conducting business across international borders.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Freshman and transfer students are usually admitted to pre-major status before admission to this major.
This minor is only available to students who are pursuing a BSB degree in the Carlson School of Management.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
This minor is only available for students who are completing a BSB degree in the Carlson School of Management.
International Business Foundation
The International Business Foundation courses must be completed at the Carlson School. Students who study abroad for a semester may choose to complete MGMT 4500 as one course in the Foundations category.
MGMT 3045 - Understanding the International Environment of Firms: International Business (2.0 cr)
Take 2 or more course(s) from the following:
· ACCT 5311 - International Accounting (2.0 cr)
· FINA 4621 - The Global Economy (Macro) (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· MGMT 3039 - Intercultural Business Communication [GP] (3.0 cr)
· MKTG 4081W - Marketing Strategy [WI] (4.0 cr)
· IBUS 3010 - Introduction to Global Entrepreneurship (4.0 cr)
· IBUS 3081 - Sustainability and Corporate Social Responsibility in Costa Rica (4.0 cr)
· IBUS 4010 {Inactive} (3.0 cr)
· IBUS 4050 {Inactive} (4.0 cr)
· IBUS 4082W - Brand Management [WI] (4.0 cr)
· IBUS 4471 {Inactive} (4.0 cr)
· MGMT 4505 - Senior Seminar in International Business (2.0 cr)
International Environment Breadth
The International Environment Breadth courses may be completed abroad with advising and departmental approval. Students may choose to complete this category with one depth course from the IB major and one breadth course, or two breadth courses. Business language courses may not be used in the minor.
International Political Economy Survey course
Take 1 or more course(s) from the following:
· APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 5751 {Inactive} (3.0 cr)
· ECON 4401 {Inactive} [GP] (3.0 cr)
· GEOG 3331 - Geography of the World Economy [SOCS, GP] (3.0 cr)
· GLOS 3415W - Global Institutions of Power: World Bank, International Monetary Fund, and World Trade Organization [GP, WI] (3.0 cr)
· POL 3410 {Inactive} (3.0 cr)
· POL 3835 - International Relations [SOCS, GP] (3.0 cr)
· POL 3872W {Inactive} [WI] (4.0 cr)
· POL 4481 - Comparative Political Economy: Governments and Markets (3.0 cr)
· HIST 3419 - History of Capitalism: Uneven Development Since 1500 (3.0 cr)
or GLOS 3219 {Inactive} (3.0 cr)
Sociocultural Survey course
Students may choose to complete a credit-bearing internship with an academic seminar component during the semester or summer abroad to complete this category.
Take 1 or more course(s) from the following:
· AMST 4301 - Workers and Consumers in the Global Economy [DSJ] (3.0 cr)
· ANTH 3003 - Cultural Anthropology (3.0 cr)
· ANTH 3005W - Language, Culture, and Power [SOCS, DSJ, WI] (4.0 cr)
· ANTH 4031W - Anthropology and Social Justice [CIV, WI] (4.0 cr)
· ANTH 4053 - Economy, Culture, and Critique [SOCS, GP] (3.0 cr)
· ANTH 4121 - Business Anthropology (3.0 cr)
· GEOG 3379 - Environment and Development in the Third World [SOCS, ENV] (3.0 cr)
· GEOG 3381W - Population in an Interacting World [SOCS, GP, WI] (3.0 cr)
· GLOS 3303 {Inactive} [SOCS, ENV] (3.0 cr)
· GLOS 3602 - Other Worlds: Globalization and Culture (3.0 cr)
· GLOS 3701W {Inactive} [SOCS, GP, WI] (3.0 cr)
· GLOS 4221 - Globalize This! Understanding Globalization Through Sociology [GP] (3.0 cr)
· POL 3873W {Inactive} [CIV, WI] (3.0 cr)
· SOC 4321 - Globalize This! Understanding Globalization through Sociology [GP] (3.0 cr)
· SPAN 3105W - Introduction to the Study of Hispanic Cultures [WI] (3.0 cr)
International Experience Requirement
An international experience requirement that meets the Carlson School's requirement of all students will fulfill the minor requirement.
 
More program views..
View college catalog(s):
· Curtis L. Carlson School of Management

View future requirement(s):
· Fall 2022
· Fall 2020
· Spring 2020
· Fall 2018
· Spring 2017


View checkpoint chart:
· International Business Minor
View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

Curtis L. Carlson School of Management

TC Undergraduate Admissions

TC Undergraduate Application

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
MGMT 3045 - Understanding the International Environment of Firms: International Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Theories, frameworks, tools, and facts for understanding the environment of firms in international competition. Main world-level economic flows (trade, investment, finance). How country-/industry-level economic, political, and sociocultural factors influence behavior/functions of firms in international competition. prereq: MGMT 3001 or 3004
ACCT 5311 - International Accounting
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Causes/history of international differences in design of financial accounting/reporting systems, efforts to harmonize them into worldwide system. Role/impact of currency translation on financial statements. International Accounting Standards, conceptual framework. prereq: 5101; [5102 or concurrent registration is required (or allowed) in 5102] recommended
FINA 4621 - The Global Economy (Macro)
Credits: 2.0 [max 2.0]
Course Equivalencies: Fina 4621/Fina 4641
Grading Basis: A-F only
Typically offered: Every Fall & Spring
The course is intended to help you develop a global perspective on the economy. You will develop a set of skills and concepts that will permit you to understand and to analyze the foundations of the economy at large. We want to understand the main drivers of economic growth over time and across countries. Key skills and conceptual take-aways from this course: 1. Explain how an economy, firms, labor, and finance fit together. 2. Able to use the Solow and Romer growth models: i) to understand long term growth, ii) to predict shock effects, iii) to measure TFP iv) to examine GDP differences across countries 3. Understand labor market using supply and demand, and using the bathtub model 4. Able to analytically derive the classical gains from free trade. Understand key benefits and drawbacks to globalization. The lectures are structured as Foundations, Growth, Labor, Globalization. We start by setting up a foundation that stresses the fact that things have to fit together coherently. We need to be careful about how we measure things. The role of firms and financial markets are frequently misunderstood so we devote special effort to why these exist and what role they play. Next we turn to the overall evolution of the economy ? sometimes called mega-trends. People open underestimate the amount of economic variation from one decade to the next and hence may not adequately prepare. A key purpose of this course is to help you understand key drivers of economic growth, and the wealth difference across time and between countries. This will provide context for you to think about some potentially forthcoming major changes. The role of labor deserves special attention since it connects directly to human beings. The treatment of, and returns to labor are critical to human welfare. We will consider the labor market in general, unemployment, and inequality both within and across countries. Finally we will examine the role of globalization and international trade. We will formally develop the classical gains from free trade. We will also discuss the reasons for controversies surrounding trade and globalization. prereq: 3001 or 3001H, CSOM major or Math major/Act Sci, or Management minor.
FINA 4622 - International Finance
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides the student with an understanding of the nature and purposes of financial management in the international context for multinational enterprises and skills in international investment, financing techniques and exchange rate risks. The student will examine barriers to international capital flows and some of the tools used to overcome these barriers. The course presents cost of capital in emerging economies and currency risk management. prereq: CSOM major, Fina 3001 or 3001H, 4121 or 4121H, 4221
MGMT 3039 - Intercultural Business Communication (GP)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Spring
This course teaches students how to create culturally aware messages in business settings. Students will learn to recognize the cultural dimensions and communication patterns of various social identities that form at the intersection of nationality, religion, race, ethnicity, and gender. Through intercultural development assessments, case studies, simulations, business writing assignments, and discussions, students will: 1) reflect on their own cultural identities and worldview, 2) recognize how different cultural values can impact business success, and 3) engage in debates about the complex ethical, political, and social issues that arise from cross-cultural exchange.
MKTG 4081W - Marketing Strategy (WI)
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Determining product markets where organizations should compete based on ability to create/maintain competitive advantage. External environment of business. Constructing/evaluating global marketing strategies. Largely case-based. This is the capstone course in the Marketing major. prereq: Mktg 3011, Mktg 3041, (or Mktg 3010 & Mktg 3040) and 8 Mktg elective credits
IBUS 3010 - Introduction to Global Entrepreneurship
Credits: 4.0 [max 12.0]
Course Equivalencies: IBUS 3010/Mgmt 3010
Grading Basis: A-F only
Typically offered: Every Spring
This course is an introduction to the fundamentals of entrepreneurship. Students will learn entrepreneurship concepts and apply them to opportunities in a variety of global contexts including China, Cuba, Brazil, and others. Students will interact virtually with global entrepreneurs and leaders. After engaging with international entrepreneurs students will apply their experience to future entrepreneurship opportunities.
IBUS 3081 - Sustainability and Corporate Social Responsibility in Costa Rica
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
Study abroad course focused on sustainability and corporate social responsibility. This course will utilize these constructs to introduce students to an overview of emerging approaches to business and its relationship with the environment. CSR and corporate approaches to sustainability will be explored from a global perspective.
IBUS 4082W - Brand Management (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: IBus 4082W/Mktg 4082W
Grading Basis: A-F only
Typically offered: Every Spring
How do firms build great brands, such as Apple and Nike? How do firms leverage their popular brands to expand into new markets, new products, and new countries? This course focuses on questions like these to help students understand how to use brand strategies to successfully build, measure, and manage brands. Students participate in a course-long project to research and evaluate brand strategies used by a brand of their choosing. The course includes lectures, cases, and project check-ins between group members and their instructor. prereq: MKTG 3010 and MKTG 3040
MGMT 4505 - Senior Seminar in International Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Globalization and the technological developments of the digital age have created exciting new opportunities for managers who seek growth and profits by accessing resources and serving markets worldwide. At the same time, managing across cultures and nations in a world where foreign companies are not always viewed in a positive light, poses its own challenges. This course will address the global context and then focus on the strategic and cultural challenges involved in managing activities across borders, in an increasingly interconnected world. It will build on the concepts introduced in MGMT 3040, as well as the students? ?Study abroad? experience (if any, given recent travel restrictions). Our course is taking place in the midst of an unprecedented (peace-time) world-wide threat. The pandemic has created a host of paradoxes. Countries have closed their borders and yet, have never depended so much on each other to deal with the common threat. We are acutely aware that one country's failure is every country's failure when one single item is on top of everyone's agenda. Even though these are challenging times for all of us, they also provide an extremely rich context within which we can discuss the topics on our syllabus. prereq: CSOM sr, completed semester abroad, IB major or minor
APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development (GP)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Indicators of economic development, growth in trade, and welfare of developing countries. Globalization. Drivers of growth, productivity, technical change, and research. Comparative advantage. Distribution consequences of trade. Trade policy instruments/institutions. prereq: [1101 or ECON 1101], [1101H or ECON 1101H], [1102 or ECON 1102], [1102H or ECON 1102H]; 3001, 3006 recommended
GEOG 3331 - Geography of the World Economy (SOCS, GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: Geog 3331/GloS 3231
Typically offered: Every Fall
An invisible, not-quite-dead, not-quite-alive entity?the coronavirus?forced us, rudely and tragically, to reckon with space. As we try and maintain social distance from other bodies, wear masks to disrupt the virus? pathways of diffusion, confront shortages in grocery stores, home supply outlets, and car dealerships, adjust to interruptions in many services, and either choose to, or are forced to stay at home, in our cities, in our countries, we are thinking and acting spatially. And we are reminded that ?stuff??food, medicines, toilet paper?reaches us often through geographically extensive and logistically intricate webs of economic production and distribution. We will learn what it means to think geographically about the capitalist economy as a spatial, relational formation. In doing so, we will challenge dominant ways of understanding and analyzing the economy, and of what counts as economic. We will also examine two simultaneous aspects of the world economy?fixity and flow. On the one hand, the economy propels and is propelled by flows?of goods, of services, of people, of labor, and of finance. On the other hand, physical infrastructures are rooted in place on the earth. After all, even the digital worlds of Facebook, Google, and Amazon are enabled by vast server farms. The course will also highlight the production and proliferation of inequalities?between social groups, states, countries, and regions?in and by the world economy. In fact, we will ask: Is economic unevenness a mere byproduct of capitalist economic growth, or the condition of possibility for it? Finally, we will discuss the relationships between global phenomena and local events. Crises like global climate change, overflows of waste matter, COVID19, and the 2008 financial meltdown make it clear that the global and the local are intimately entangled. Not only do global events impact individual livelihoods, including yours and mine, but economic jitters in one place can escalate, sending shockwaves across the world.
GLOS 3415W - Global Institutions of Power: World Bank, International Monetary Fund, and World Trade Organization (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: GloS 3415W/ Soc 3417W
Grading Basis: A-F or Aud
Typically offered: Periodic Fall
This course will introduce students to some of the world's most powerful global institutions -- such as the World Bank (IBRD), the International Monetary Fund (IMF), the World Trade Organization (WTO), the United Nations, and affiliated agencies such as UNHCR (for refugee support). We will follow their efforts to promote a style of global development practices -- large-scale capital lending and global expertise building -- that has crystallized into a common understanding of how global north-south dynamics should progress. Cases pursued in class may include their lending and debt policies, dam building and energy projects, climate resilience and water loans, and the ways they mediate free trade agreements among competing countries. We will also hear from the multitude of voices, theories, and practices that offer alternative visions as to how peoples strive to produce a more just, socially equitable, and climate-safe world. We will use books, articles, films, in-class debates, case study exploration, small-group projects, and guest speakers to create a lively discussion-based classroom environment.
POL 3835 - International Relations (SOCS, GP)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Why do countries go to war? Are individuals, organizations, and states driven by their interests or their ideas? What role does power play in international relations and is there any role for justice in global politics? Do international laws and transnational advocacy groups matter in a world dominated by powerful states? Whose interests are served by a globalizing world economy? These questions are central to the study of international relations, yet different theoretical approaches have been developed in an attempt to answer them. Often these approaches disagree with one another, leading to markedly different policy prescriptions and predictions for future events. This course provides the conceptual and theoretical means for analyzing these issues, processes, and events in international politics. By the end of this class, you will be able to understand the assumptions, the logics, and the implications of major theories and concepts of international relations. These include realism and neorealism, liberalism and liberal institutionalism, constructivism, feminism, Marxism, and critical theory. A special effort is made to relate the course material to world events, developments, or conflicts in the past decade or so.
POL 4481 - Comparative Political Economy: Governments and Markets
Credits: 3.0 [max 3.0]
Course Equivalencies: Pol 3481H/Pol 4481
Typically offered: Periodic Fall & Spring
This course analyzes the compatibility of democracy and markets - whether democratic institutions undermine (enhance) the workings of market institutions and vice versa. Competing theoretical perspectives in political economy are critically evaluated. And the experiences of countries with different forms of democratic market systems are studied. Among the topics singled out for in-depth investigation are the economics of voting, producer group politics, the politics of monetary and fiscal policy, political business cycles, and trade politics.
HIST 3419 - History of Capitalism: Uneven Development Since 1500
Credits: 3.0 [max 3.0]
Course Equivalencies: GloS 3219/Hist 3419
Typically offered: Periodic Fall & Spring
Causes of economic inequities in contemporary world. Long-term economic developments in cases taken from Africa, Asia, Europe, and North/South America. Various theoretical approaches to study of economic development. Introduction to key concepts.
AMST 4301 - Workers and Consumers in the Global Economy (DSJ)
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Impact of global economy on workplaces/workers in the United states, Mexico, and Caribbean countries. Influence on consumption. Consequences for American culture/character. Effects on U.S./Mexican factory work, service sector, temporary working arrangements, offshore production jobs in Dominican Republic, and professional/managerial positions.
ANTH 3003 - Cultural Anthropology
Credits: 3.0 [max 3.0]
Course Equivalencies: Anth 3003/GloS 3003
Typically offered: Every Fall, Spring & Summer
Topics vary. Field research. Politics of ethnographic knowledge. Marxist/feminist theories of culture. Culture, language, and discourse. Psychological anthropology. Culture/transnational processes.
ANTH 3005W - Language, Culture, and Power (SOCS, DSJ, WI)
Credits: 4.0 [max 4.0]
Typically offered: Every Spring
Studying language as a social practice, students transcribe and analyze conversation they record themselves, and consider issues of identity and social power in daily talk.
ANTH 4031W - Anthropology and Social Justice (CIV, WI)
Credits: 4.0 [max 4.0]
Typically offered: Spring Odd Year
Practical application of theories/methods from social/cultural anthropology. Issues of policy, planning, implementation, and ethics as they relate to applied anthropology. prereq: 1003 or 1005 or 4003 or grad student or instr consent
ANTH 4053 - Economy, Culture, and Critique (SOCS, GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: Anth 4053/8205
Typically offered: Every Fall
Systems of production/distribution, especially in nonindustrial societies. Comparison, history, critique of major theories. Cross-cultural anthropological approach to material life that subsumes market/nonmarket processes.
ANTH 4121 - Business Anthropology
Credits: 3.0 [max 3.0]
Course Equivalencies: Anth 4121/Anth 5121
Typically offered: Every Spring
Anthropological/ethnographic understandings/research techniques.
GEOG 3379 - Environment and Development in the Third World (SOCS, ENV)
Credits: 3.0 [max 3.0]
Course Equivalencies: Geog 3379/GloS 3303
Grading Basis: A-F or Aud
Typically offered: Every Spring
Inequality in the form of extreme wealth and poverty in our world are major causes of environmental degradation. In addition, development failure as well as certain forms of economic growth always led to environment disasters. This course examines how our world?s economic and political systems and the livelihoods they engender have produced catastrophic local and global environmental conditions. Beyond this, the course explores alternative approaches of achieving sustainable environment and equitable development. prereq: Soph or jr or sr
GEOG 3381W - Population in an Interacting World (SOCS, GP, WI)
Credits: 3.0 [max 4.0]
Course Equivalencies: Geog 3381W/GLOS 3701W
Typically offered: Every Fall, Spring & Summer
Comparative analysis and explanation of trends in fertility, mortality, internal and international migration in different parts of the world; world population problems; population policies; theories of population growth; impact of population growth on food supply and the environment.
GLOS 3602 - Other Worlds: Globalization and Culture
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
'Globalization' and 'Culture' are both terms that have been defined and understood in a variety of ways and the significance of which continues to be debated to the present, both inside and outside the academy. Globalization has been talked about both as an irresistible historical force, tending toward the creation of an increasingly interconnected, or, as is sometimes claimed, an increasingly homogeneous world, and as a set of processes, the outcome of which remains open-ended and uncertain, as likely to produce new kinds of differences as universal sameness. Culture meanwhile has been variously defined as that which distinguishes humans from other species (and which all humans therefore share) and as that which divides communities of humans from one another on the basis of different beliefs, customs, values etc. This course reflects on some of the possible meanings of both "Globalization" and "Culture" and asks what we can learn by considering them in relation to one another. How do the phenomena associated with globalization, such as increasing flows of people, capital, goods and information across increasing distances challenge our understandings of culture, including the idea that the world is composed of so many discrete and bounded "cultures"? At the same time, does culture and its associated expressive forms, including narrative fiction, poetry and film, furnish us with new possibilities for thinking about globalization? Does global interconnection produce a single, unified world, or multiple worlds? Are the movements of people, goods, ideas and information across distances associated with new developments caused by contemporary globalization, or have they been going on for centuries or even millennia? Might contemporary debates about climate change and environmental crisis compel us to consider these phenomena in new ways? The course addresses these questions as they have been discussed by scholars from a variety of disciplines and as they have been imagined by artists, poets, novelists and filmmakers. In doing so, it considers whether the distinctiveness of present day globalization is to be sought in part in the new forms of imagining and creative expression to which it has given rise.
GLOS 4221 - Globalize This! Understanding Globalization Through Sociology (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: GloS 4221/Soc 4321
Grading Basis: A-F or Aud
Typically offered: Periodic Fall
From the city streets of Bangalore to the high plateaus of La Paz to the trading floors of New York City, people from around the world are becoming increasingly interdependent, creating new and revitalizing old forms of power and opportunity, exploitation and politics, social organizing and social justice. This course offers an overview of the processes that are forcing and encouraging people?s lives to intertwine economically, politically, and culturally. prereq: Soc majors/minors must register A-F
SOC 4321 - Globalize This! Understanding Globalization through Sociology (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: GloS 4221/Soc 4321
Grading Basis: A-F or Aud
Typically offered: Periodic Fall
From the city streets of Bangalore to the high plateaus of La Paz to the trading floors of New York City, people from around the world are becoming increasingly interdependent, creating new and revitalizing old forms of power and opportunity, exploitation and politics, social organizing and social justice. This course offers an overview of the processes that are forcing and encouraging people?s lives to intertwine economically, politically, and culturally. prereq: Soc majors/minors must register A-F
SPAN 3105W - Introduction to the Study of Hispanic Cultures (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: Span 3105W/Span 3105V/Tldo 310
Typically offered: Every Fall & Spring
Span 3105W is a writing-intensive course centered on major issues of culture in the context of the Spanish-speaking world. It is not a history of civilization, nor is it a survey of either Latin American or Peninsular literature. Rather, our objective here is to familiarize ourselves with the different issues central to the development of the Hispanic world as a cultural entity, and to practice analyzing and questioning received notions of culture in this context. We will examine all sorts of texts--literary, visual, musical, and filmic--from all periods of both Latin American (including Brazil) and Peninsular history, reading them through the lens of a series of topics. These topics are as follows: Mapas del mundo hispánico/Maps of the Hispanic world, Política y legado del encuentro cultural/Politics and legacies of cultural encounter, Discursos de identidad social/Discourses of social identity, Coerción y subversión/Coercion and subversion, Las naciones modernas/Modern nations, and Cultura élite-cultura popular-cultura de masas/High culture-popular culture-mass culture. prereq: a grade of C- or better in SPAN 3015W or 3015V or 3019W