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International Business Minor

Academic Affairs
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2021
  • Required credits in this minor: 28
The minor in international business is available on campus and online to allow graduates in any major to expand their work opportunities to include the numerous positions advertised by corporations that outsourced or off-shored part of their operations. Positions in international business are projected to grow and the minor will enhance the career prospects of our graduates. Students will be introduced to international business cultures and etiquette, international business law, international financial management, international marketing, international business management, and logistics and supply chain management. The academic grounding is combined with field experience in international business, or study abroad, or a foreign language requirement to broaden graduates' understanding of global business operations. Program outcomes Students who earn a minor in international business will be able to: - evaluate the global forces that shape our world in socio-economic cultural and political contexts - integrate general and international business skills for effective problem-solving - apply cross-disciplinary qualitative and quantitative information to problem resolution and opportunity identification - use oral communication skills in presentation and negotiating environments, and understand the impact of culture on communication - contribute to and work within cross-functional and cross-cultural teams - use computer applications to facilitate international business opportunities
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
  • completely online (all program coursework can be completed online)
Minor Requirements
Business Core
Take exactly 5 course(s) totaling exactly 13 credit(s) from the following:
· GBUS 1005 - Orientation to Online Learning (1.0 cr)
· MGMT 3200 - Principles of Management (3.0 cr)
· MKTG 3300 - Principles of Marketing (3.0 cr)
· Choose one of the following:
· ACCT 2010 - Financial Accounting (3.0 cr)
or ACCT 2101 - Principles of Accounting I (3.0 cr)
· Choose one of the following:
· ACCT 2102 - Principles of Accounting II (3.0 cr)
or ACCT 3010 - Managerial Accounting (3.0 cr)
International Business
Take exactly 4 course(s) totaling exactly 12 credit(s) from the following:
· IBUS 3020 - International Financial Management (3.0 cr)
· IBUS 3360 - International Marketing (3.0 cr)
· IBUS 3500 - International Business Management (3.0 cr)
· IBUS 2010 - International Dimensions in Business and Culture [GLOB PERSP] (3.0 cr)
or IBUS 3010 - International Business Law (3.0 cr)
or MGMT 3255 - Logistics and Supply Chain Management (3.0 cr)
Language and/or Foreign Experience
Students must take at least 3 credits or its equivalent.
High School Foreign Language Study
Two years of high school foreign language
or Language Competency Exam
Documented completion of a language competency exam for the equivalent of 3 credits.
or Collegiate Foreign Language Coursework
Take 3 or more credit(s) from the following:
· One semester of collegiate foreign language coursework in a single language
· SPAN 1104 - Beginning Spanish I [GLOB PERSP] (4.0 cr)
or IBUS Coursework
Take 3 or more credit(s) from the following:
· IBUS 3201 - Study Abroad in International Business (1.0-6.0 cr)
· IBUS 3900 - Field Experience in International Business (1.0-6.0 cr)
or International Work Experience
Considerable international work experience documented as part of a proficiency exam or a special exam for credit.
Program Sub-plans
A sub-plan is not required for this program.
The curriculum for the International Business Minor Online is identical to the on-campus International Business Minor.
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GBUS 1005 - Orientation to Online Learning
Credits: 1.0 [max 1.0]
Typically offered: Every Fall, Spring & Summer
Introduction to UMC policies, e-mail, virtual private network, online library resources, writing scholarly reports, APA referencing, netiquette, networking in online environment, group work in online environment.
MGMT 3200 - Principles of Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Terminology, theories, concepts, and skills of managing. Basic functions of managing including, planning, organizing, leading, and controlling. Additional topics include decision making, business ethics, and social responsibility.
MKTG 3300 - Principles of Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to marketing/strategic marketing process. Team development of marketing plan that implements product, pricing, distribution, promotional strategies. prereq: [Econ 2101 or 2102], [Psy 1001 or instructor consent]
ACCT 2010 - Financial Accounting
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Introduction to financial accounting for US organizations, reading/understanding financial statements.
ACCT 2101 - Principles of Accounting I
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Concepts of accounting cycle, cash, accounts receivable, inventories, plant assets, payroll. prereq: Math 1031
ACCT 2102 - Principles of Accounting II
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Modern accounting concepts. Cash flow statement. Analysis of financial statements. Management accounting topics, including cost-volume-profit analysis, and costing methods. prereq: 2101
ACCT 3010 - Managerial Accounting
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Costing techniques, including activity based costing, applying costing methods to determine costs of products, services, production processes. Use of costs in operating/strategic decisions. prereq: 2010 or 2101
IBUS 3020 - International Financial Management
Credits: 3.0 [max 3.0]
Course Equivalencies: FIN3020/IBUS3020
Typically offered: Fall Odd Year
International financial markets with risks/benefits of international operations. Compare operation of global companies with domestic companies regarding foreign exchange fluctuations, political risks, financial tools to address risks, capital budgeting, tax, working capital structure, investment decisions, company's valuation.
IBUS 3360 - International Marketing
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Factors affecting marketing of goods/services. Managing organization in international environment. Complete team marketing plan for product being marketed internationally. prereq: MGMT 3200, MKTG 3300
IBUS 3500 - International Business Management
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Principles, opportunities, challenges of managing international business. Basic managerial functions. Economic, social, political environment. prereq: MGMT 3200
IBUS 2010 - International Dimensions in Business and Culture (GLOB PERSP)
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Skills to interact successfully in various settings in Europe, Africa, North and South America, Asia. Standards/practices of indigenous organizations, governments, and cultures in global context. Multinational interaction, communication, and cooperation.
IBUS 3010 - International Business Law
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Law for business transactions in global political legal environments. Laws of different countries/legal effects on individuals/business organizations. Agreements, international contracts/administrations, exports/import, technology transfers, regional transactions, intellectual property, product liability, legal organization.
MGMT 3255 - Logistics and Supply Chain Management
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Examines supply chain management as a means of creating strategic competitive advantages. Logistical efficiency with environmental factors, strategic positioning, laws and policies, and cost maintenance will be examined.
SPAN 1104 - Beginning Spanish I (GLOB PERSP)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Conversational Spanish centered on day-to-day experiences. Emphasis on verb conjugation, rules of grammar, and vocabulary building. Cultural awareness and appreciation.
IBUS 3201 - Study Abroad in International Business
Credits: 1.0 -6.0 [max 6.0]
Typically offered: Every Fall, Spring & Summer
Taken in conjunction with focused international visit, or as connection to cooperative learning experience at accredited higher education institution abroad.
IBUS 3900 - Field Experience in International Business
Credits: 1.0 -6.0 [max 6.0]
Typically offered: Every Fall, Spring & Summer
Employed as interns in international business firm, institution, or agency. Experience must have global component but may be completed either domestically or at international location. Reports/consultations with faculty/employers required.