Twin Cities campus

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Twin Cities Campus

International Business B.S.B.

CSOM Strategic Mgmt & Entrepre
Curtis L. Carlson School of Management
  • Program Type: Baccalaureate
  • Requirements for this program are current for Fall 2013
  • Required credits to graduate with this degree: 120 to 132
  • Required credits within the major: 20
  • Degree: Bachelor of Science in Business
The international business major provides students with a rigorous foundation for success in today's global business environment. Recognizing that career placement and early stage career success depends on strong functional skills (e.g., accounting, marketing, finance, human resources, operations, information systems, or entrepreneurship), the international business major must be completed with another major in Carlson. The international business major enhances any functional major with a comprehensive understanding of the additional complexity and contingencies required when conducting business across national 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.
A GPA above 2.0 is preferred for the following:
  • 3.00 transferring from another University of Minnesota college
  • 3.00 transferring from outside the University
Students in the school have no restrictions on declaring the major but must complete the tool courses before starting the major. Students from outside of the school must meet overall admission standards to enter this major, including completion of the tool courses. Students entering as sophomores should complete microeconomics, macroeconomics, and calculus prior to transfer. Students entering as juniors should complete microeconomics, macroeconomics, calculus, statistics, and accounting prior to transfer.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Tool Courses
Microeconomics
ECON 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
or APEC 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
or APEC 1101H - Principles of Microeconomics [SOCS, GP] (4.0 cr)
Macroeconomics
ECON 1102 - Principles of Macroeconomics (4.0 cr)
or APEC 1102 - Principles of Macroeconomics (3.0 cr)
or APEC 1102H {Inactive} (4.0 cr)
Calculus
MATH 1142 - Short Calculus [MATH] (4.0 cr)
or MATH 1271 - Calculus I [MATH] (4.0 cr)
or MATH 1571H - Honors Calculus I [MATH] (4.0 cr)
or MATH 1371 - CSE Calculus I [MATH] (4.0 cr)
Statistics
BA 2551 - Business Statistics in R [MATH] (4.0 cr)
or SCO 2550H {Inactive} (4.0 cr)
Accounting
ACCT 2051 - Introduction to Financial Reporting (4.0 cr)
or ACCT 2051H - Honors: Introduction to Financial Reporting (4.0 cr)
General Requirements
All students in baccalaureate degree programs are required to complete general University and college requirements including writing and liberal education courses. For more information about University-wide requirements, see the liberal education requirements. Required courses for the major, minor or certificate in which a student receives a D grade (with or without plus or minus) do not count toward the major, minor or certificate (including transfer courses).
Program Requirements
Students are required to complete 4 semester(s) of any second language. with a grade of C-, or better, or S, or demonstrate proficiency in the language(s) as defined by the department or college.
The international business major must be completed with another major within the Carlson School.
Lower Division Requirements
Students entering the program as freshmen or sophomores take MGMT 1001. Students who transfer in as juniors complete MGMT 3001 instead.
PSY 1001 - Introduction to Psychology [SOCS] (4.0 cr)
BA 2021 - Design Your Career (1.0 cr)
BA 1011 - Leading Self & Teams (2.0 cr)
or MGMT 3001 - Fundamentals of Management (3.0 cr)
Immersion Core
Students complete the Immersion Core as a cohort.
FINA 3001 - Finance Fundamentals (3.0 cr)
MKTG 3001 - Principles of Marketing (3.0 cr)
SCO 3001 - Sustainable Supply Chain and Operations (3.0 cr)
MGMT 3004 - Strategic Management (3.0 cr)
Additional Core Requirements
ACCT 3001 - Strategic Management Accounting (3.0 cr)
IDSC 3001 - Information Systems & Digital Transformation [TS] (3.0 cr)
HRIR 3021 - Human Capital Management (3.0 cr)
BA 3033W - Business Communication [WI] (3.0 cr)
or MGMT 3033V {Inactive} [WI] (3.0 cr)
Major Courses
International Business Foundations
The international business foundations courses must be completed at the Carlson School.
MGMT 3045 - Understanding the International Environment of Firms: International Business (2.0 cr)
CSOM International Courses
One course only may be double counted for the primary major and IB major.
Take 2 or more course(s) from the following:
· MGMT 3039 - Intercultural Business Communication [GP] (3.0 cr)
· ACCT 5311 - International Accounting (2.0 cr)
· FINA 4621 - The Global Economy (Macro) (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· HRIR 5225 {Inactive} (2.0 cr)
· MKTG 4081W - Marketing Strategy [WI] (4.0 cr)
· IBUS 4090 {Inactive} (4.0 cr)
· IBUS 4082W - Brand Management [WI] (4.0 cr)
· IBUS 3010 - Introduction to Global Entrepreneurship (4.0 cr)
· IBUS 4050 {Inactive} (4.0 cr)
· IBUS 4010 {Inactive} (3.0 cr)
· IBUS 4080 {Inactive} (4.0 cr)
· IBUS 3081 - Sustainability and Corporate Social Responsibility in Costa Rica (4.0 cr)
International Environment Breadth
May be completed abroad with advising and department approval.
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
International Political Economy Survey Course
Take 1 or more course(s) from the following:
· 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)
· ECON 4401 {Inactive} [GP] (3.0 cr)
· ECON 4307 {Inactive} (3.0 cr)
· APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 5751 {Inactive} (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)
· HIST 3419 - History of Capitalism: Uneven Development Since 1500 (3.0 cr)
· Sociocultural Survey Course
Take 1 or more course(s) from the following:
· GEOG 3379 - Environment and Development in the Third World [SOCS, ENV] (3.0 cr)
· GLOS 4802 {Inactive} (4.0 cr)
· GLOS 3602 - Other Worlds: Globalization and Culture (3.0 cr)
· GLOS 4221 - Globalize This! Understanding Globalization Through Sociology [GP] (3.0 cr)
· ANTH 3003 - Cultural Anthropology (3.0 cr)
· ANTH 4031W - Anthropology and Social Justice [CIV, WI] (4.0 cr)
· ANTH 4053 - Economy, Culture, and Critique [SOCS, GP] (3.0 cr)
· ANTH 4065 {Inactive} (3.0 cr)
· AMST 4301 - Workers and Consumers in the Global Economy [DSJ] (3.0 cr)
International Business Environment Depth
May be completed abroad with advising and department approval. Courses may not count in more than one area of Depth, Breadth, or Business Foundations.
Take 2 or more course(s) from the following:
· MGMT 3039 - Intercultural Business Communication [GP] (3.0 cr)
· ACCT 5311 - International Accounting (2.0 cr)
· FINA 4621 - The Global Economy (Macro) (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· HRIR 5225 {Inactive} (2.0 cr)
· MKTG 4081W - Marketing Strategy [WI] (4.0 cr)
· POL 3477 - Political Economy of Development [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)
· GEOG 3378 {Inactive} (3.0 cr)
· PA 4414 {Inactive} (3.0 cr)
· HIST 3468 - Social Change in Modern China (3.0 cr)
· POL 4481 - Comparative Political Economy: Governments and Markets (3.0 cr)
· PSY 3301 - Introduction to Cultural Psychology (3.0 cr)
· ANTH 3023 {Inactive} [GP, SOCS] (3.0 cr)
· GEOG 3379 - Environment and Development in the Third World [SOCS, ENV] (3.0 cr)
· OLPD 3381 - Developing Intercultural Competence (3.0 cr)
Senior Seminar in International Business
MGMT 4505 - Senior Seminar in International Business (2.0 cr)
International Experience
Students in the International Business major will complete a study abroad experience of at least one full semseter in length. OR They may complete a study abroad experience of any length, PLUS an internship with an international organization. (Please speak with an adviser about acceptable internships.)
Program Sub-plans
A sub-plan is not required for this program.
Honors UHP
This is an honors sub-plan.
Students admitted to the University Honors Program (UHP) must fulfill UHP requirements, in addition to degree program requirements. Honors courses used to fulfill degree program requirements will also fulfill UHP requirements. Current departmental honors course offerings are listed at: http://www.honors.umn.edu/academics/curriculum/dept_courses_current.html Honors students complete an honors thesis project in the final year, most often in conjunction with an honors thesis course, or with an honors directed studies, or honors directed research course. Students select honors courses and plan for a thesis project in consultation with their UHP adviser and their departmental faculty adviser.
 
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ECON 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1165 ApEc 1101/1101H
Typically offered: Every Fall, Spring & Summer
Microeconomic behavior of consumers, firms, and markets in domestic and world economy. Demand and supply. Competition and monopoly. Distribution of income. Economic interdependencies in the global economy. Effects of global linkages on individual decisions. prereq: knowledge of plane geometry and advanced algebra
APEC 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1165 ApEc 1101/1101H
Typically offered: Every Fall & Spring
Economic behavior of consumers/firms in domestic/international markets. Demand, supply, competition. Efficiency, Invisible Hand. Monopoly, imperfect competition. Externalities, property rights. Economics of public policy in environment/health/safety. Public goods, tax policy.
APEC 1101H - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1165 ApEc 1101/1101H
Grading Basis: A-F only
Typically offered: Every Fall
Economic behavior of consumers/firms in domestic/international markets. Demand, supply, competition. Efficiency, Invisible Hand. Monopoly, imperfect competition. Externalities, property rights. Economics of public policy in environment/health/safety. Public goods, tax policy. prereq: Honors student, proficiency in high school algebra
ECON 1102 - Principles of Macroeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: ApEc 1102/Econ 1102/1105/1112
Typically offered: Every Fall, Spring & Summer
Aggregate consumption, saving, investment, and national income. Role of money, banking, and business cycles in domestic and world economy. International trade, growth, and development. U.S. economy and its role in the world economy. International interdependencies among nations. prereq: [1101 or equiv], knowledge of plane geometry and advanced algebra
APEC 1102 - Principles of Macroeconomics
Credits: 3.0 [max 3.0]
Course Equivalencies: ApEc 1102/Econ 1102/1105/1112
Typically offered: Every Spring
Unemployment/inflation, measures of national income, macro models, fiscal policy/problems. Taxes and the national debt. Money/banking, monetary policy/problems. Poverty and income distribution. International trade and exchange rates. Economic growth/development. prereq: 1101 or Econ 1101
MATH 1142 - Short Calculus (MATH)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
A streamlined one-semester tour of differential and integral calculus in one variable, and differential calculus in two variables. No trigonometry/does not have the same depth as MATH 1271-1272. Formulas and their interpretation and use in applications. prereq: Satisfactory score on placement test or grade of at least C- in [1031 or 1051]
MATH 1271 - Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 1271/Math 1381/Math 1571/
Typically offered: Every Fall, Spring & Summer
Differential calculus of functions of a single variable, including polynomial, rational, exponential, and trig functions. Applications, including optimization and related rates problems. Single variable integral calculus, using anti-derivatives and simple substitution. Applications may include area, volume, work problems. prereq: 4 yrs high school math including trig or satisfactory score on placement test or grade of at least C- in [1151 or 1155]
MATH 1571H - Honors Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 1271/Math 1381/Math 1571/
Grading Basis: A-F only
Typically offered: Every Fall
Differential/integral calculus of functions of a single variable. Emphasizes hard problem-solving rather than theory. prereq: Honors student and permission of University Honors Program
MATH 1371 - CSE Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 1271/Math 1381/Math 1571/
Typically offered: Every Fall & Spring
Differentiation of single-variable functions, basics of integration of single-variable functions. Applications: max-min, related rates, area, curve-sketching. Use of calculator, cooperative learning. prereq: CSE or pre-bioprod concurrent registration is required (or allowed) in biosys engn (PRE), background in [precalculus, geometry, visualization of functions/graphs], instr consent; familiarity with graphing calculators recommended
BA 2551 - Business Statistics in R (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: BA 2551/SCO 2550
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
The purpose of the course is to develop skills for improving data-driven decision-making using statistical techniques in the powerful statistical software environment R. As an introductory statistics course, the content will include three main areas of statistics: Descriptive Statistics, Statistical Inference, and Analysis of Relationships with Scatterplots, Correlation and Linear Regression. Developing statistical literacy is increasingly important in understanding data and engaging in the complex business world. BA 2551 focuses on statistical reasoning and how to implement statistical methods in a business context using R. Topics include (but are not limited to) descriptive statistics, statistical inference, variability, sampling, distributions, correlation analysis, confidence intervals, hypothesis testing, graphical summaries of data, and introduction to linear regression. Through weekly in-class lab sessions and critical thinking assignments related to statistics in business, the course will train students to become informed consumers of numerical information and provide foundational skills in R to compute statistical procedures in future courses. We use existing packages in R as a tool to enable us to solve business problems that can leverage mathematical and statistical thinking. prereq: [Math 1031 or equiv]
ACCT 2051 - Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Course Equivalencies: Acct 2050/ApEc 1251/Dbln 2051
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
This course introduces the topics of financial reporting and accounting. The purpose of financial accounting is to provide information to the entity owners and external parties to serve as the basis for making decisions about that entity. A student who successfully completes this class should be able to 1) understand the concepts and principles of accounting, 2) analyze, record and report the accounting treatment of business transactions, and 3) prepare, interpret, and analyze financial statements.
ACCT 2051H - Honors: Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Course Equivalencies: Acct 2050/ApEc 1251/Dbln 2051
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course introduces the topics of financial reporting and accounting. The purpose of the financial accounting is to provide information to the entity owners and external parties to serve as the basis for making decisions about that entity. A student who successfully completes this class should be able to 1) understand the concepts and principles of accounting, 2) analyze, record and report the accounting treatment of business transactions, and 3) prepare, interpret, and analyze financial statements.
PSY 1001 - Introduction to Psychology (SOCS)
Credits: 4.0 [max 4.0]
Course Equivalencies: PSTL 1281/Psy 1001/Psy 1001H
Typically offered: Every Fall, Spring & Summer
Scientific study of human behavior. Problems, methods, findings of modern psychology.
BA 2021 - Design Your Career
Credits: 1.0 [max 1.0]
Course Equivalencies: BA 2021/IBus 3006
Grading Basis: S-N only
Typically offered: Every Fall & Spring
The focus of this course is to increase your awareness, knowledge, and skills associated with the career and job search process. The course includes major/career exploration and discovery, as well as the tactical pieces of a job search. You will learn how to write a professional resume and cover letter and will learn how to navigate the interview process. You will be exposed to a variety of individuals who will give you different perspectives on the process, including recruiters from local organizations, alumni, and other business professionals. This development will increase your ability to undertake a successful career and job search in your succeeding years. (Credit will not be granted if credit was received for BA 3000. ) prereq: Carlson School undergraduate student
BA 1011 - Leading Self & Teams
Credits: 2.0 [max 3.0]
Course Equivalencies: Mgmt 1001/BA 1011
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course guides Carlson students through a self-reflective journey as they learn about interpersonal competencies and the role of these competencies in their own leadership style and when leading teams. As leadership and teamwork are an essential component in the Carlson education and more broadly in the business community, this class provides the foundational skills necessary for future success. The course is structured into two parts: understanding individual perspectives and understanding team dynamics. The course begins by providing students with a theoretical foundation on interpersonal differences that influence how people lead and interact in teams. Specifically, we explore differences in personality, identity, values, opinions, and cultures and the role they play when interacting with others. The focus of the course is providing students with essential skills to uncover, appreciate and navigate differences to create a solid foundation upon which to develop their own leadership skills and work together as a team. The second half of the course will focus on understanding team dynamics. This class provides students with a unique learning opportunity to learn how teams work while simultaneously working in their teams. In doing so, they will witness the direct application of course material to their own learning teams while completing their team project. Students will learn the science behind how teams are structured, team roles, processes within teams and what leads to effective teams. Specifically, the topics examined will include team decision making, conflict resolution, power, influence, analyzing team dynamics, and providing team feedback. At the end of this course, students will have a deeper understanding of themselves and will master skills for working in and leading teams. prereq: Carlson School of Management student
MGMT 3001 - Fundamentals of Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
This course is about the foundational principles of management, encompassing disciplinary and topical boundaries. We will look at these principles from the perspective of how they guide action, specifically: planning, organizing, leading and controlling. By the end of the course, students will know the basics of how to set up organizations to be effective and innovative, and not just efficient. During the course, you will engage with the material in the course and understand how management frameworks can be used to choose the right internal structures and processes that can best react to your particular industry context and general business environment.
FINA 3001 - Finance Fundamentals
Credits: 3.0 [max 3.0]
Course Equivalencies: ApEc 3501/Fina 3001/Fina 3001H
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
How competition for capital in Capital Markets establishes metrics and measures used to understand financial performance of the firm. The course introduces the finance view of the firm and the application of value creation principles to firm decision making. Course presents the centrality of cash flows, the theoretical foundations for Time Value of Money, decision tools for investment of capital, basic valuation of stocks and bonds, and the theoretical foundations for the impact of risk on the required return on investor capital. prereq: ACCT 2050 or ACCT 2051, SCO 2550 or BA 2551 or equivalent statistics course
MKTG 3001 - Principles of Marketing
Credits: 3.0 [max 3.0]
Course Equivalencies: Mktg 3001/Mktg 3001H
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to terms, concepts, and skills for analyzing marketing problems. Factors outside the organization affecting its product, pricing, promotion, and distribution decisions. Cases from actual organizations. prereq: ECON 1101 or ECON 1165
SCO 3001 - Sustainable Supply Chain and Operations
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Sustainable Supply Chain and Operations Management focuses on the design and management of transformation processes to provide products and services to create value for the people, planet, and firm prosperity. On the one hand, supply chain and operations management involves the integration of activities and processes, to facilitate the flows of materials, services, finances, and information to convert inputs into the firms? primary products and services. Operational issues include the design of products and processes, the procurement of raw materials, the control of inventories, the maintenance of quality, the planning of human resources and facilities, and the delivery of products or services, so that customer expectations and needs are met. Operations also have significant interactions with other functional areas of the firm (e.g., finance, marketing, strategy, and accounting). Therefore, understanding the role of the operations function and its impact on the competitiveness of the firm from both tactical and strategic aspects is an important part of any manager's training. This course will introduce students to the fundamental concepts, operations practices, and models in both manufacturing- and service-oriented firms. The course will cover both quantitative and qualitative methods.
MGMT 3004 - Strategic Management
Credits: 3.0 [max 3.0]
Course Equivalencies: Mgmt 3004/Mgmt 4004W
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Business strategy. How business firms set and pursue their goals. Key categories of strategic issues and concepts/frameworks managers use to analyze and address those issues. Attention to specific firms and situations. prereq: CSOM, soph or jr
ACCT 3001 - Strategic Management Accounting
Credits: 3.0 [max 3.0]
Course Equivalencies: Acct 3001/IBus 3002
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Costing techniques, including activity-based costing. Applying costing methods to determine costs of products, services, and production processes. Use of costs in operating/strategic decisions. prereq: ACCT 2051 or 2050
IDSC 3001 - Information Systems & Digital Transformation (TS)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Information technologies have transformed the way businesses operate and the way consumers interact with businesses. They have enabled organizations to increase efficiency, reduce costs, and reach new customers. Their impact goes beyond the business world and affects nearly every aspect of modern society. Along with the benefits they provide, technologies have created new problems around privacy, security, misinformation on social media, algorithmic bias, and potential stifling of competition and innovation. In today's digital age, it is crucial to develop an understanding of information technologies, their impact on business and society, and the challenges they pose for decision making in commercial firms, government agencies, and public policies. This course is designed to cover a broad range of information technology issues in order to prepare students for the knowledge intensive economy of the 21st century. Students will be exposed to not only the technical aspects of information technologies, but also the social, political, and economic factors that shape its development and use. Through a combination of lectures, discussions, videos, in-class exercises and talks by guest speakers, students will gain an in-depth understanding of how information technologies are shaping businesses and the society as a whole. Students will also develop critical thinking skills to analyze and evaluate the impact of technology on society. Topics include business strategy and disruptive technologies, enterprise systems such as those for Customer Relationship Management, Supply Chain Management and Human Resource Management, electronic and mobile commerce, social media applications and their social impact, cloud computing, data analytics, IT privacy and security, artificial intelligence and its social impact.
HRIR 3021 - Human Capital Management
Credits: 3.0 [max 3.0]
Course Equivalencies: HRIR 3021/HRIR 3021H/IBUS 3021
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
This course will focus on the people side of business. We will look at how, through managing and leading people, we can create an engaged, productive workforce in order to achieve organizational strategic objectives. The content of this course is complementary to any major or minor. Major topics in this course: - Managing people in an ethical, legal way that is aligned with corporate strategy and helps organizations reach their goals; - Successfully attracting, recruiting, and selecting talented people; - Creating interesting, engaging jobs and giving meaningful feedback in order to retain great employees; - Rewarding and motivating people through intrinsic and extrinsic methods to encourage the most effective and "right" kind of employee behaviors to create an engaged, productive workforce through people strategies and practices.
BA 3033W - Business Communication (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: BA 3033W/Mgmt 3033W/IBUS 3033W
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
This course teaches strategies and skills to communicate with confidence, clarity, and impact in business settings. Students develop their abilities in critical thinking (analyzing data, audience, purpose, and context) and craft (honing skills in storytelling, persuasion, writing, diction, tone, presence, data visualization, and visual design). They learn to navigate ambiguity, evaluate the needs of internal and external stakeholders, and communicate solutions to complex business problems. The course is performance- and project-based. Students produce professional-level memos, emails, and research-based proposal decks. They deliver multiple presentations (individual and team) and learn to communicate effectively with data. Students will meet with the instructor in small groups outside of class time for one scheduled lab session. The course culminates in the Case Study Competition where student teams apply their knowledge to address a real challenge from one of our industry partners. prereq: First Year Writing, Carlson School junior or senior.
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
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.
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
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 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
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.
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.
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.
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.
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
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
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 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.
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.
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.
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
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
POL 3477 - Political Economy of Development (SOCS, GP)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
How can the vast disparities of wealth between countries be explained? Why have some countries in the post-colonial world, in particular, those of East Asia, experienced stunning economic growth, while those in other parts have not? We will explore inequality among nations through an engagement with competing explanations from multiple disciplines. Do free markets, the legacies of colonialism, state power, culture, or geography offer the most persuasive account of current patterns of global inequality? The course also examines what we mean by "development" and exposes students to cutting-edge debates in contemporary development studies. By the end of the course, students will have a better understanding of the causes of and possible solutions to global inequality.
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.
HIST 3468 - Social Change in Modern China
Credits: 3.0 [max 3.0]
Course Equivalencies: EAS 3468W/Hist 3468W/5468
Typically offered: Every Fall
Opium War and opening of Treaty Ports in 19th century. Missionary activity and cultural influence. Changes in education system. Women's movement. Early industrialization. Socialism/collectivization after 1949. Industrialization of Taiwan. PRC's entry into world trading system.
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.
PSY 3301 - Introduction to Cultural Psychology
Credits: 3.0 [max 3.0]
Course Equivalencies: Argn 3301/Madr 3301/Psy 3301
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Theories/research on how culture influences basic psychological processes (e.g., emotion, cognition, psychopathology) in domains that span different areas of psychology (e.g., social, clinical, developmental, industrial-organizational) and of other disciplines (e.g., anthropology, public health, sociology). prereq: 1001
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
OLPD 3381 - Developing Intercultural Competence
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Past/current research on intercultural leadership. Students share their understanding/experiences within intercultural framework.
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