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Management Minor

Division of Social Sciences - Adm
Division of Social Sciences
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2015
  • Required credits in this minor: 26
This discipline offers a multidisciplinary liberal arts-based program that allows students to enter the field of management as a professional or proceed to graduate studies. Objectives--The management curriculum focuses on those areas of human knowledge that concern the operation and control of business and nonprofit organizations. In addition to developing competence in analytical and core business areas, students majoring in the field are expected to learn to critically examine business and other institutions from a liberal arts perspective. Specifically, management students * understand and use a variety of techniques to manage financial, human, and material resources; * are able to critically conceptualize business problems and to develop appropriate strategies for problem solving; * understand and use a variety of quantitative analysis techniques appropriate for business; * develop collaborative skills; * be competent in written and oral communication; * develop competence in computer skills; * are prepared for professional careers in business or public service, or for graduate studies; and * are able to see relationships between management and other liberal arts disciplines.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Minor Requirements
Courses may not be taken S-N unless offered S-N only. A minimum GPA of 2.00 is required in the minor to graduate. The GPA includes all, and only, University of Minnesota coursework. Grades of "F" are included in GPA calculation until they are replaced.
Required Courses
Grades of D or D+ in MGMT 2101-2102 or ECON 1111-1112 may not be used to meet minor requirements.
ECON 1111 - Principles of Microeconomics [SS] (4.0 cr)
ECON 1112 - Principles of Macroeconomics [SS] (4.0 cr)
MGMT 2101 - Principles of Accounting I (4.0 cr)
MGMT 2102 - Principles of Accounting II (2.0 cr)
Elective Courses
No more than 4 credits from MGMT x993 - Directed Study can be applied to the minor.
Take 12 or more credit(s) from the following:
· MGMT 3101 - Financial Management [SS] (4.0 cr)
· MGMT 3102 - Financial Institutions [SS] (2.0 cr)
· MGMT 3123 - Managerial Economics [SS] (4.0 cr)
· MGMT 3133 - Managerial Accounting (4.0 cr)
· MGMT 3134 - Cooperative Business Model (2.0 cr)
· MGMT 3141 - Business Law I (2.0 cr)
· MGMT 3142 - Business Law II (2.0 cr)
· MGMT 3151 - Human Resources Management I [E/CR] (2.0 cr)
· MGMT 3152 - Human Resources Management II [HDIV] (2.0 cr)
· MGMT 3161 - Labor Management Relations I [E/CR] (2.0 cr)
· MGMT 3162 - Labor Management Relations II [SS] (2.0 cr)
· MGMT 3171 - Leadership in Organizations [SS] (2.0 cr)
· MGMT 3201 - Marketing Principles and Strategy [SS] (4.0 cr)
· MGMT 3221 - Management and Organization Theory [SS] (4.0 cr)
· MGMT 3351 - Globalization: Examining India's Social and Economic Development [IP] (4.0 cr)
· MGMT 3352 - Emerging Markets in Asia [IP] (4.0 cr)
· MGMT 3501 - Applied Deterministic Modeling for Management Science (2.0 cr)
· MGMT 3502 - Applied Probabilistic Modeling for Management Science (2.0 cr)
· MGMT 3503 - Consumer Behavior [SS] (4.0 cr)
· MGMT 3513 - Negotiation (4.0 cr)
· MGMT 3601 - Transnational Enterprise [IP] (4.0 cr)
· MGMT 3701 - Organizational Behavior [SS] (4.0 cr)
· MGMT 3993 - Directed Study (1.0-5.0 cr)
· MGMT 3xxx
· MGMT 4101 - Investment and Portfolio Analysis (4.0 cr)
· MGMT 4201 - The Economics of Corporate Strategy I (2.0 cr)
· MGMT 4202 - The Economics of Corporate Strategy II (2.0 cr)
· MGMT 4501 - Globalization and Business Strategy (2.0 cr)
· MGMT 4502 - Technological Change, Labor Market, and Skill Formation (2.0 cr)
· MGMT 4505 - International Managerial Finance (2.0 cr)
· MGMT 4601 - Advanced Topics in Financial Economics (2.0 cr)
· MGMT 4602 - Long-Term Financing (2.0 cr)
· MGMT 4603 - Working Capital Management (2.0 cr)
· MGMT 4896 - Internship (1.0-4.0 cr)
· MGMT 4993 - Directed Study (1.0-5.0 cr)
· MGMT 4xxx
 
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ECON 1111 - Principles of Microeconomics (SS)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Study of scarce resource allocation in a market economy. Supply and demand, consumer theory, theory of the firm, market structure, pricing of factors of production, income distribution and the role of government. prereq: high school algebra or instr consent
ECON 1112 - Principles of Macroeconomics (SS)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Introduction to basic economic problems, concepts, and theoretical models. U.S. economic institutions and the economic organization of society. The role of markets in the production and distribution of societal resources. Measurement of economic performance; national income, inflation, and unemployment; competing macroeconomic theories and stabilization policies. prereq: high school algebra or instr consent
MGMT 2101 - Principles of Accounting I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
An introductory course in accounting principles and practices. The students develop an understanding of both the conceptual and procedural framework of the accounting processes. Emphasis is placed on the preparation and communication of accounting information and the financial statements for a proprietorship.
MGMT 2102 - Principles of Accounting II
Credits: 2.0 [max 2.0]
Prerequisites: 2101
Typically offered: Every Spring
A continuation of Principles of Accounting I. Students develop an understanding of the issues unique to partnerships, corporations, and organizational financing. Cash flow statements and performance analysis are also emphasized. prereq: 2101
MGMT 3101 - Financial Management (SS)
Credits: 4.0 [max 4.0]
Prerequisites: 2102, Econ 1111, Econ 1112, Stat 1601
Typically offered: Every Fall
Fundamental theories of financial management, their applications, and their limitations in solving real business problems. Emphasis on financial analysis, valuation of future cash flows, capital budgeting, risk and return, cost of capital. prereq: 2102, Econ 1111, Econ 1112, Stat 1601
MGMT 3102 - Financial Institutions (SS)
Credits: 2.0 [max 2.0]
Typically offered: Periodic Spring
An introduction to the functioning and management of financial institutions such as: the banking industry, mutual fund industry, insurance companies, pension funds, investment banks, and venture capital firms. prereq: 2101, Econ 1111, Econ 1112
MGMT 3123 - Managerial Economics (SS)
Credits: 4.0 [max 4.0]
Prerequisites: 2101, Econ 1111, Math 1101 or Math 1021, Stat 1601 or Stat 2601 or #
Typically offered: Every Spring
Development of the basic concepts of the microeconomic theories of consumer behavior, the firm, and market structure, in application to managerial decision-making contexts in the operation and control of business and non-profit organizations. [Note: no credit for students who have received credit for Econ 3201] prereq: 2101, Econ 1111, Math 1101 or Math 1021, Stat 1601 or Stat 2601 or instr consent
MGMT 3133 - Managerial Accounting
Credits: 4.0 [max 4.0]
Prerequisites: 2102
Typically offered: Periodic Fall & Spring
Managerial accounting is designed to help managers assess needed information to carry out three essential functions in an organization: planning operations, controlling activities, and making decisions. The emphasis of this course is placed on cost behaviors, various product costing methods, cost-volume-profit relationships, budgeting and control through standard costs, and other quantitative techniques used by management. prereq: 2102
MGMT 3134 - Cooperative Business Model
Credits: 2.0 [max 2.0]
Course Equivalencies: 01763 - Econ 3134/Mgmt 3134
Prerequisites: Econ 1111 or #
Typically offered: Spring Odd Year
Same as Econ 3134. In the northern plains of the United States, cooperative businesses, including consumer, producer, and worker cooperatives, have made significant contributions to economic growth and development. Identify the unique economic, legal, and organizational characteristics of these firms and their role in the economy. Special attention is given to the potential role of cooperative business organizations in community development. prereq: Econ 1111 or instr consent
MGMT 3141 - Business Law I
Credits: 2.0 [max 2.0]
Prerequisites: 2101 or #
Typically offered: Every Spring
Law as it relates to the commercial world, including the legal environment, federal regulation, contracts, intellectual property law, business torts, and white collar crimes. prereq: 2101 or instr consent
MGMT 3142 - Business Law II
Credits: 2.0 [max 2.0]
Prerequisites: 2101 or #
Typically offered: Every Spring
Law as it relates to the commercial world, including the mortgage foreclosure crisis, business organizations, corporations, secured transactions, bankruptcy, agency and securities regulations. prereq: 2101 or instr consent
MGMT 3151 - Human Resources Management I (E/CR)
Credits: 2.0 [max 2.0]
Prerequisites: 2101 or #
Typically offered: Every Fall
An introduction to the functional areas of human resource management through the use of case studies. Topics include legal issues, planning, recruitment, training, evaluation, compensation, and benefits. prereq: 2101 or instr consent
MGMT 3152 - Human Resources Management II (HDIV)
Credits: 2.0 [max 2.0]
Prerequisites: 3151 or #
Typically offered: Every Fall
Topics in human resource management: evaluating employee performance, training, safety, labor relations, international human resource management. prereq: 3151 or instr consent
MGMT 3161 - Labor Management Relations I (E/CR)
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
Historical development of labor relations and the legal framework governing collective bargaining. Labor relations law reform. Case studies from labor relations law. prereq: Econ 1111 or instr consent
MGMT 3162 - Labor Management Relations II (SS)
Credits: 2.0 [max 2.0]
Typically offered: Periodic Spring
Issues in labor-management negotiation, grievances, wages and economic security plans, public policies toward collective bargaining. Case studies from labor arbitration. prereq: 3161 or instr consent
MGMT 3171 - Leadership in Organizations (SS)
Credits: 2.0 [max 2.0]
Prerequisites: Stat 1601 or Stat 2601 or #
Typically offered: Every Fall
Leadership is the ability to influence a group of people towards a goal. Examination of leadership qualities and theories as they apply to leading an organization. Ethics, social responsibility, team work, motivation, and conflict resolution skills from the perspective of a leader. International and culturally diverse aspects of leadership and leadership development. Students have the opportunity to practice leadership skills during the course. prereq: Stat 1601 or Stat 2601 or instr consent
MGMT 3201 - Marketing Principles and Strategy (SS)
Credits: 4.0 [max 4.0]
Typically offered: Periodic Spring
Basic factors affecting policy and strategy issues in marketing. Economic, legal, behavioral, environmental, competitive, and technological factors as they affect product, pricing, promotion, and marketing-channel decisions. prereq: 2102, Stat 1601 or instr consent
MGMT 3221 - Management and Organization Theory (SS)
Credits: 4.0 [max 4.0]
Typically offered: Periodic Fall & Spring
Theory, research, and practice of management. Planning, organizing, leading, controlling. Emphasizes goals, policies, procedures. Factors and human relationships necessary to achieve organizational success. Organizational structure/culture. Changing environment in which businesses operate. prereq: 2101, Econ 1111 or instr consent
MGMT 3351 - Globalization: Examining India's Social and Economic Development (IP)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01175 - Econ 3351/Mgmt 3351
Typically offered: Periodic Spring
Same as Econ 3351. Observe and study the impact of globalization on the Indian economy. Examine the growing class divide between the middle and upper middle class and the lower class. Study the problem of mass poverty in India and its various ramifications such as child labor, lack of education and basic health care, and the inherent gender bias. Examine sustainable grass roots efforts to combat some of these problems. prereq: Econ 1111 or Econ 1112 or instr consent
MGMT 3352 - Emerging Markets in Asia (IP)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
An overview of the largest and fastest-growing markets in the world, the Asian markets. Examines topics such as business strategy and organization, marketing strategies, and business-State relations in Asia. Theory is balanced with practice by including comparative studies and business case studies. prereq: Econ 1111, Econ 1112, Stat 1601 or Stat 2601 or instr consent
MGMT 3501 - Applied Deterministic Modeling for Management Science
Credits: 2.0 [max 2.0]
Course Equivalencies: 00924 - Math 3501/Mgmt 3501
Prerequisites: 2102, Math 1101 or Stat 1601 or Stat 2601 or #
Typically offered: Every Spring
Same as Math 3501. Formulations of real-world problems as Linear Programming or Integer Linear Programming models; graphical solutions of some LP-models. Linear Programming: the Simplex method, intuitive ideas behind the Simplex method. Using software to solve LP problems; interpreting optimal solutions; sensitivity analysis; duality. Network diagram representation; critical path method (CPM-PERT); transportation problem. prereq: 2102, Math 1101 or Stat 1601 or Stat 2601 or instr consent
MGMT 3502 - Applied Probabilistic Modeling for Management Science
Credits: 2.0 [max 2.0]
Course Equivalencies: 00925 - Math 3502/Mgmt 3502
Prerequisites: 2102, Math 1101 or Stat 1601 or Stat 2601 or #
Typically offered: Every Spring
Same as Math 3502. Short review of probability and statistics; mean and variance of a data set; discrete and continuous random variables (especially the exponential distribution and the Poisson distribution). Decision and game theory. Decision trees, types of decision criteria. Queueing models, birth-and-death processes; Markovian or Poisson arrivals and exponential service times; M/M/k and M/M/8 queues; Statistical Quality Control; inventory control system. prereq: 2102, Math 1101 or Stat 1601 or Stat 2601 or instr consent
MGMT 3503 - Consumer Behavior (SS)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01764 - Psy 3503/Mgmt 3503
Prerequisites: Stat 1601 or Stat 2601 or #
Typically offered: Every Spring
Same as Psy 3503. Psychological basis for understanding consumers. Some of the topics include consumer behavior, consumer cognitive processes, and consumer judgments and decisions. prereq: Stat 1601 or Stat 2601 or instr consent
MGMT 3513 - Negotiation
Credits: 4.0 [max 4.0]
Course Equivalencies: 00918 - Mgmt 3513/Psy 3513
Prerequisites: 3221 or Psy 3501 or Psy/Mgmt 3701
Typically offered: Periodic Spring
Same as Psy 3513. Examines the theoretical and applied aspects of negotiation. Topics include negotiation theory, strategy, skills and tactics, communication processes, global negotiation, and ethics. Use of negotiation simulations. prereq: 3221 or Psy 3501 or Psy/Mgmt 3701
MGMT 3601 - Transnational Enterprise (IP)
Credits: 4.0 [max 4.0]
Typically offered: Every Spring
Development and transformation of business enterprise within the global economy emerging from time and motion studies, mergers, "corporate revolution," Fordism through to multi-plant manufacturing beyond national boundaries. Includes the basic impact of structural, institutional, and organizational change upon the dynamics of the firm and industry in the contemporary hyper-competitive, technology-driven, fast-paced, global environment. prereq: 2101, Econ 1111, Econ 1112 or instr consent
MGMT 3701 - Organizational Behavior (SS)
Credits: 4.0 [max 4.0]
Course Equivalencies: 00926 - Mgmt 3701/Psy 3701
Typically offered: Periodic Fall & Spring
Same as Psy 3701. Uses the theories and research of the behavioral sciences to understand how organizations function at the individual, group, and organizational levels. Topics include stress in the workplace; group dynamics; power, leadership, and attribution theory. prereq: Stat 1601 or Stat 2601, jr or sr
MGMT 3993 - Directed Study
Credits: 1.0 -5.0 [max 10.0]
Typically offered: Every Fall & Spring
An on- or off-campus learning experience individually arranged between a student and a faculty member for academic credit in areas not covered in the regular curriculum.
MGMT 4101 - Investment and Portfolio Analysis
Credits: 4.0 [max 4.0]
Prerequisites: 2101, 2102, 3101
Typically offered: Every Spring
The institutional environment of investment, techniques used to price financial products, and how to design a portfolio of many assets. prereq: 2101, 2102, 3101
MGMT 4201 - The Economics of Corporate Strategy I
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
Setting the horizontal boundaries (e.g., which lines of business) and vertical boundaries (whether to make or buy inputs and outputs) of the firm, considered as strategic decisions. The different types of competition associated with distinct market structures. prereq: 3123 or Econ 3201, Math 1021 or Math 1101, or instr consent
MGMT 4202 - The Economics of Corporate Strategy II
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
Tools for analyzing business strategies: credible strategic commitments, pricing rivalries, entry and exit, Porter's five forces framework, and the relationship between value creation and strategic market positioning. prereq: 4201
MGMT 4501 - Globalization and Business Strategy
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
Review of the impact of increasing globalization of the corporate and economic environment; application of strategic methods to new business conditions. prereq: 3601 or instr consent
MGMT 4502 - Technological Change, Labor Market, and Skill Formation
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
The change of technology in relation to the formation of skills and transformation of regional labor markets throughout the world. The intimate relationship between "skilling" and "deskilling" of labor and the transformation of technology. prereq: 3601 or instr consent
MGMT 4505 - International Managerial Finance
Credits: 2.0 [max 2.0]
Typically offered: Periodic Spring
An introduction to the international dimensions of corporate financing, investment, and risk management decisions. Foreign exchange markets, international financial systems, foreign exchange rate determination, measuring/managing currency risk, multinational capital budgeting, cost of capital in emerging economies, international taxation policies, and transfer pricing. prereq: 3101 or instr consent
MGMT 4601 - Advanced Topics in Financial Economics
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall & Spring
Continuation of Mgmt 3101. Topics include dividend policy, hybrid financing, derivatives, and mergers. prereq: 3101 or instr consent
MGMT 4602 - Long-Term Financing
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall
Application of the fundamental financial theories acquired in Mgmt 3101 to long-term financing in corporations. The primary focus is on issuing securities to the public, financial leverage, capital structure policy, dividend policy, and leasing. prereq: 3101 or instr consent
MGMT 4603 - Working Capital Management
Credits: 2.0 [max 2.0]
Typically offered: Periodic Fall
Application of the fundamental financial theories acquired in Mgmt 3101 to working capital management in corporations. The primary focus is on financial planning, cash management, credit management, and risk management. prereq: 3101 or instr consent
MGMT 4896 - Internship
Credits: 1.0 -4.0 [max 4.0]
Grading Basis: S-N only
Typically offered: Every Fall & Spring
Supervised educational experience and field application relevant to student's major. Written analysis appropriate to the application is required. [Note: 2 cr may be applied to major or minor] prereq: 2102
MGMT 4993 - Directed Study
Credits: 1.0 -5.0 [max 10.0]
Typically offered: Every Fall & Spring
An on- or off-campus learning experience individually arranged between a student and a faculty member for academic credit in areas not covered in the regular curriculum.