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International Business Minor

Management Studies
Labovitz School of Business and Economics
  • Program Type: Undergraduate free-standing minor
  • Requirements for this program are current for Fall 2020
  • Required credits in this minor: 12
The international business minor is an interdisciplinary business minor that enhances students’ knowledge of global issues within organizations and the business environment. The minor will provide students with an increased awareness of challenges and opportunities associated with the globalization of the marketplace and the workplace.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 45 credits before admission to the program.
A GPA above 2.0 is preferred for the following:
  • 2.60 already admitted to the degree-granting college
  • 2.60 transferring from another University of Minnesota college
  • 2.60 transferring from outside the University
This minor is for only for LSBE majors who must meet all pre-major BBA or BAc requirements before applying for candidacy for these degree programs, and the form to declare an international business minor may be submitted with the application for candidacy or any time after formal admission to an LSBE degree program
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
Group A (9 cr)
Take 3 or more course(s) totaling 9 or more credit(s) from the following:
· ACCT 4505 - International Accounting (3.0 cr)
· FIN 3649 - International Finance (3.0 cr)
· MGTS 4474 - International Management (3.0 cr)
· MGTS 4861 - International Human Resource Management (3.0 cr)
· MKTG 4774 - International Marketing (3.0 cr)
Group B (3 cr)
Take 1 or more course(s) totaling 3 or more credit(s) from the following:
· ECON 3150 - Development Economics (3.0 cr)
· ECON 3402 - Global Economic Issues (3.0 cr)
· ECON 4410 - International Economics (3.0 cr)
· HCM 4560 - International Comparisons of Health Care Systems (3.0 cr)
· INTB 3xxx
· INTB 4xxx
 
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ACCT 4505 - International Accounting
Credits: 3.0 [max 3.0]
Prerequisites: 3102, LSBE candidate or college consent
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
International accounting measurement and reporting issues unique to multinational business transactions and multinational enterprises; consolidations; foreign exchange accounting; forward and option markets; translation of foreign currency financial statement; international audit environment; international taxation and transfer pricing; harmonization of worldwide accounting. prereq: 3102, LSBE candidate or college consent
FIN 3649 - International Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Summer
Comprehensive framework and analysis for financial management of international firm. International financial markets, exchange rates and international firms, elements of international investments, financing decisions, and strategy formulation. prereq: FMIS 3601 or FIN 3601, LSBE candidate or Finance minor or college consent; credit will not be granted if already received for FMIS 3649
MGTS 4474 - International Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Differences in culture, history, resources, etc. are explored in the context of managing global businesses and workforce. Students will reflect on their own managerial skills, and develop skills to become a global manager. prereq: 3401, LSBE candidate or college consent
MGTS 4861 - International Human Resource Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall
Course combines theories of culture with HRM applications to develop students' awareness cultural issues as they apply in the workplace. prereq: 3801, LSBE candidate or instructor consent
MKTG 4774 - International Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Marketing across national boundaries; effects of foreign economic, legal/political, and sociocultural environments on multinational marketing strategies. prereq: MGTS 3701 or MKTG 3701, LSBE candidate or Graphic Design and Marketing majors or Graphic Design with Marketing sub plan or non-LSBE Marketing Minor or college consent; credit will not be granted if already received for 3781; no grad credit
ECON 3150 - Development Economics
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Overview of the conceptual meaning of economic growth and development, problems facing developing countries, economic models underlying different development paths. Exploration of socio-historical and economic reasons for lack of development in selected areas and policy options to promote economic progress. prereq: 1022, 1023
ECON 3402 - Global Economic Issues
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Application of economic theory of markets to analyze major issues shaping the future of the world economy. Emphasizes globalization of markets and the institutions involved in coordinating economic policies among world economies prereq: LSBE candidate or Econ major or Econ minor
ECON 4410 - International Economics
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall, Spring & Summer
Classical and modern theory of international trade. Extension, empirical verification, and applications of modern theory. Alternative theories of international trade. Concept and measurement of balance of payments. Methods of balance of payments adjustments. Alternative international monetary systems. Selected current issues. prereq: 1022, 1023, 3022 or 3023, no grad credit
HCM 4560 - International Comparisons of Health Care Systems
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Spring
Explores various health care systems offered around the world by evaluating their characteristics, issues and reforms. prereq: LSBE candidate or approved Health Care Management minor or college consent, no grad credit