Twin Cities campus
 
Twin Cities Campus

Public & Nonprofit Management B.S.B

CSOM Strategic Mgmt & Entrepre
Curtis L. Carlson School of Management
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2021
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 74 to 79
  • Degree: Bachelor of Science in Business
The nonprofit sector is one of the most important components of American life, yet one of the most misunderstood. Nonprofit organizations vary enormously in scope and scale, ranging from grassroots charitable groups, to multimillion-dollar foundations, universities, and health care organizations. There is little doubt that every American is directly or indirectly touched by the services of nonprofits in their daily life. The nonprofit major blends general management-focused courses from the Carlson School with nonprofit-focused courses from the Humphrey Institute of Public Affairs. All students complete an additional major within Carlson; therefore, every student is able to apply their functional specialty of business to the intricacies of the nonprofit sector.
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 five-tool courses before continuing with the major requirements. Students from outside of the school must meet overall admission standards to enter this major, including completion of microeconomics, macroeconomics, and calculus prior to admission. Transfer students will also need to complete statistics and financial accounting before starting on the major coursework, but may do so after admission.
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)
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)
Accounting
ACCT 2050 - Introduction to Financial Reporting (4.0 cr)
or ACCT 2050H - Honors: Introduction to Financial Reporting (4.0 cr)
Statistics
SCO 2550 - Business Statistics: Data Sources, Presentation, and Analysis (4.0 cr)
or STAT 3011 - Introduction to Statistical Analysis [MATH] (4.0 cr)
or STAT 3021 - Introduction to Probability and Statistics (3.0 cr)
or STAT 3022 - Data Analysis (4.0 cr)
or PSY 3801 - Introduction to Psychological Measurement and Data Analysis [MATH] (4.0 cr)
or SOC 3811 - Social Statistics [MATH] (4.0 cr)
or IE 3521 - Statistics, Quality, and Reliability (4.0 cr)
or EE 3025 - Statistical Methods in Electrical and Computer Engineering (3.0 cr)
or CEGE 3102 - Uncertainty and Decision Analysis (3.0 cr)
or ANSC 3011 - Statistics for Animal Science (4.0 cr)
or STAT 4101 - Theory of Statistics I (4.0 cr)
STAT 4102 - Theory of Statistics II (4.0 cr)
or STAT 5101 - Theory of Statistics I (4.0 cr)
STAT 5102 - Theory of Statistics II (4.0 cr)
or MATH 5651 - Basic Theory of Probability and Statistics (4.0 cr)
MATH 5652 - Introduction to Stochastic Processes (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
This major may only be completed as a second major within the Carlson School.
Lower Division Requirements
Psychology
PSY 1001 - Introduction to Psychology [SOCS] (4.0 cr)
or PSY 1001H - Honors Introduction to Psychology [SOCS] (4.0 cr)
Management
Students who enter the program as freshmen or sophomores take MGMT 1001. Students who transfer in as juniors take MGMT 3001 instead.
MGMT 1001 - Contemporary Management (3.0 cr)
or MGMT 1001H - Honors: Contemporary Management (3.0 cr)
or MGMT 3001 - Fundamentals of Management (3.0 cr)
Corporate Responsibility & Ethics
MGMT 1005 - Corporate Responsibility and Ethics [CIV] (3.0 cr)
or MGMT 1005H - Corporate Responsibility and Ethics [CIV] (3.0 cr)
Career Skills
BA 3000 - Career Skills (1.0 cr)
or IBUS 3006 - Global Career Skills (2.0 cr)
Immersion Core
Students complete the immersion core as a cohort. While not currently required, students are strongly encouraged to complete BA 1001 Analyzing Business Problems Using Excel, prior to taking the Immersion Core
SCO 3001 - Supply Chain and Operations (3.0 cr)
MGMT 3004 - Business Strategy (3.0 cr)
FINA 3001 - Finance Fundamentals (3.0 cr)
or FINA 3001H - Honors: Finance Fundamentals (3.0 cr)
MKTG 3001 - Principles of Marketing (3.0 cr)
or MKTG 3001H - Honors:Principles of Marketing (3.0 cr)
Additional Core Requirements
Human Resources
HRIR 3021 - Human Resource Management and Strategy (3.0 cr)
or HRIR 3021H - Honors: Human Resource Management and Strategy (3.0 cr)
or IBUS 3021 - Human Resource Management and Strategy in Australia (4.0 cr)
Information Systems
IDSC 3001 - Introduction to Information Technology in Business (3.0 cr)
or IDSC 3001H - Honors: Information Systems for Business Processes and Management (3.0 cr)
Managerial Accounting
ACCT 3001 - Introduction to Management Accounting (3.0 cr)
or IBUS 3002 - Managerial Accounting in Argentina and Chile (4.0 cr)
Business Communication
MGMT 3033W - Business Communication [WI] (3.0 cr)
or IBUS 3033W - Business Communication in Spain [WI] (4.0 cr)
Major requirements
PA 3003 - Nonprofit and Public Financial Management (3.0 cr)
PA 4101 - Nonprofit Management and Governance (3.0 cr)
MGMT 4000 - Social Venturing in Action (4.0 cr)
Nonprofit elective
Take 1 or more course(s) totaling 3 or more credit(s) from the following:
· PA 3001 - Changing the World: Contemporary Public Policy (3.0 cr)
· PA 3002 - Basic Methods of Policy Analysis [SOCS] (3.0 cr)
· PA 3990 - General Topics in Public Policy (1.0-3.0 cr)
· PA 5123 - Philanthropy in America: History, Practice, and Trends (1.5-3.0 cr)
Business Elective
Take 8 or more credit(s) from the following:
· GCC 3003 - Seeking Solutions to Global Health Issues [GP] (3.0 cr)
· GCC 3005 - Innovation for the Public Good: Design for a Disrupted World [GP] (3.0 cr)
· GCC 3011 - Pathways to Renewable Energy [TS] (3.0 cr)
· GCC 3014 - The Future of Work and Life in the 21st Century [TS] (3.0 cr)
· GCC 3017 - World Food Problems: Agronomics, Economics and Hunger [GP] (3.0 cr)
· GCC 3028 - Harnessing the power of research, community, clinic and policy to build a culture of health [DSJ] (3.0 cr)
· GCC 5034 - How Can We Transition Minnesota to a Carbon-Free Economy? [TS] (3.0 cr)
· MGMT 4008 - Entrepreneurial Management (4.0 cr)
· MGMT 4040 - Negotiation Strategies (4.0 cr)
· MGMT 4170W - New Business Feasibility and Planning [WI] (4.0 cr)
· MGMT 5018 - Philanthropy & Fundraising Strategy (2.0 cr)
· PA 5927 - Effective Grantwriting for Nonprofit Organizations (1.5 cr)
· MGMT 3010 - Introduction to Entrepreneurship (4.0 cr)
or IBUS 3010 - Introduction to Global Entrepreneurship (4.0 cr)
· MGMT 4050 - Managing Innovation and Change In Action (2.0 cr)
or IBUS 4050 - Management of Innovation and Change (4.0 cr)
International Experience
Students must complete an international experience as part of the program requirements. Short-term or semester-length programs may be used to meet this requirement. Students participate in International Experience (IE) 101 early in their program to begin planning.
Upper-division Writing Intensive within the major
Students are required to take one upper-division writing intensive course within the major. If that requirement has not been satisfied within the core major requirements, students must choose one course from the following list. Some of these courses may also fulfill other major requirements.
Take 0 - 1 course(s) from the following:
· MGMT 3033W - Business Communication [WI] (3.0 cr)
· IBUS 3033W - Business Communication in Spain [WI] (4.0 cr)
· MGMT 4170W - New Business Feasibility and Planning [WI] (4.0 cr)
 
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· Curtis L. Carlson School of Management

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· Public & Nonprofit Management
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· Public & Nonprofit with fall (senior) semester abroad
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· Public & Nonprofit with spring (senior) semester abroad

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ECON 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1104/1111/ApEc 1101
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 1101/1104/1111/ApEc 1101
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 1101/1104/1111/ApEc 1101
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 1281/Math 1371/
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 1281/Math 1371/
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 1281/Math 1371/
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
ACCT 2050 - 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
Introduction to financial accounting for U.S. organizations. Reading financial statements. prereq: Soph
ACCT 2050H - Honors: Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to financial accounting for U.S. organizations. Reading financial statements.
SCO 2550 - Business Statistics: Data Sources, Presentation, and Analysis
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Data analysis, basic inferential procedures, statistical sampling/design, regression/time series analysis. How statistical thinking contributes to improved decision making. prereq: [Math 1031 or equiv], at least 30 cr
STAT 3011 - Introduction to Statistical Analysis (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: AnSc 3011/ESPM 3012/Stat 3011/
Typically offered: Every Fall, Spring & Summer
Standard statistical reasoning. Simple statistical methods. Social/physical sciences. Mathematical reasoning behind facts in daily news. Basic computing environment.
STAT 3021 - Introduction to Probability and Statistics
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
This is an introductory course in statistics whose primary objectives are to teach students the theory of elementary probability theory and an introduction to the elements of statistical inference, including testing, estimation, and confidence statements. prereq: Math 1272
STAT 3022 - Data Analysis
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Practical survey of applied statistical inference/computing covering widely used statistical tools. Multiple regression, variance analysis, experiment design, nonparametric methods, model checking/selection, variable transformation, categorical data analysis, logistic regression. prereq: 3011 or 3021 or SOC 3811
PSY 3801 - Introduction to Psychological Measurement and Data Analysis (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Psy 3801/Psy 3801H
Typically offered: Every Fall, Spring & Summer
Descriptive/basic inferential statistics used in psychology. Measures of central tendency, variability, t tests, one-way ANOVA, correlation, regression, confidence intervals, effect sizes. Psychological measurement. Graphical data presentation. Statistical software. prereq: High school algebra, [PSY 1001 or equiv]; intended for students who plan to major in psychology
SOC 3811 - Social Statistics (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Soc 3811/Soc 5811
Typically offered: Every Fall & Summer
This course will introduce majors and non-majors to basic statistical measures and procedures that are used to describe and analyze quantitative data in sociological research. The topics include (1) frequency and percentage distributions, (2) central tendency and dispersion, (3) probability theory and statistical inference, (4) models of bivariate analysis, and (5) basics of multivariate analysis. Lectures on these topics will be given in class, and lab exercises are designed to help students learn statistical skills and software needed to analyze quantitative data provided in the class. prereq: Credit will not be granted if credit has been received for Soc 5811 (Soc 5811 offered Fall terms only). Undergraduates with strong math background are encouraged to register for 5811 in lieu of 3811. Soc Majors/Minors must register A-F.
IE 3521 - Statistics, Quality, and Reliability
Credits: 4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
Random variables/probability distributions, statistical sampling/measurement, statistical inferencing, confidence intervals, hypothesis testing, single/multivariate regression, design of experiments, statistical quality control, quality management, reliability, maintainability. prereq: MATH 1372 or equiv
EE 3025 - Statistical Methods in Electrical and Computer Engineering
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Notions of probability. Elementary statistical data analysis. Random variables, densities, expectation, correlation. Random processes, linear system response to random waveforms. Spectral analysis. Computer experiments for analysis and design in random environment. prereq: [3015, CSE upper division] or instr approval
CEGE 3102 - Uncertainty and Decision Analysis
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Stochastic models, their usefulness in reasoning about uncertainty in civil, environmental, and geo-engineering. Techniques for identifying, fitting, and validating models using data samples. Testing hypotheses about, and bounding uncertainty attached to, engineering parameters. Applications to civil, environmental, and geo-engineering. prereq: MATH 1372 or equiv
ANSC 3011 - Statistics for Animal Science
Credits: 4.0 [max 4.0]
Course Equivalencies: AnSc 3011/ESPM 3012/Stat 3011/
Typically offered: Every Fall & Spring
Basic statistical concepts. Develop statistical reasoning/critical thinking skills. Descriptive statistics, probability, sampling and sampling distributions, hypothesis testing, experimental design, linear correlation, linear regression and multiple regression. How to make sound arguments/decisions based on statistics when reviewing news articles or scientific publications with statistical content. Explore/draw conclusions from data using a basic statistical software package.
STAT 4101 - Theory of Statistics I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Random variables/distributions. Generating functions. Standard distribution families. Data summaries. Sampling distributions. Likelihood/sufficiency. prereq: Math 1272 or Math 1372 or Math 1572H
STAT 4102 - Theory of Statistics II
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Estimation. Significance tests. Distribution free methods. Power. Application to regression and to analysis of variance/count data. prereq: STAT 4101
STAT 5101 - Theory of Statistics I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Logical development of probability, basic issues in statistics. Probability spaces. Random variables, their distributions and expected values. Law of large numbers, central limit theorem, generating functions, multivariate normal distribution. prereq: (MATH 2263 or MATH 2374 or MATH 2573H), (CSCI 2033 or MATH 2373 or MATH 2243)
STAT 5102 - Theory of Statistics II
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Sampling, sufficiency, estimation, test of hypotheses, size/power. Categorical data. Contingency tables. Linear models. Decision theory. prereq: [5101 or Math 5651 or instr consent]
MATH 5651 - Basic Theory of Probability and Statistics
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 5651/Stat 5101
Typically offered: Every Fall & Spring
Logical development of probability, basic issues in statistics. Probability spaces, random variables, their distributions/expected values. Law of large numbers, central limit theorem, generating functions, sampling, sufficiency, estimation. prereq: [2263 or 2374 or 2573], [2243 or 2373]; [2283 or 2574 or 3283] recommended.
MATH 5652 - Introduction to Stochastic Processes
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Random walks, Markov chains, branching processes, martingales, queuing theory, Brownian motion. prereq: 5651 or Stat 5101
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.
PSY 1001H - Honors Introduction to Psychology (SOCS)
Credits: 4.0 [max 4.0]
Course Equivalencies: PSTL 1281/Psy 1001/Psy 1001H
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Scientific study of human behavior. Problems, methods, findings of modern psychology. prereq: Honors
MGMT 1001 - Contemporary Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
How/why organizations differ in form/purpose in complex environments/technologies. Managerial challenges related to international management, social responsibility. Models of effective leadership/teamwork. prereq: Carlson School fr or soph
MGMT 1001H - Honors: Contemporary Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
How/why organizations differ in their forms/purposes in relation to complex/changing environments/technologies. Challenges related to international management and social responsibility. Models of effective leadership/teamwork. prereq: [Fr or soph] honors
MGMT 3001 - Fundamentals of Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Aspects/characteristics of organizations, their members. Why people/groups feel/behave as they do. Processes/methods that improve behavior/attitudes/effectiveness of members. Member/manager skills. Guest speakers, group presentations, films.
MGMT 1005 - Corporate Responsibility and Ethics (CIV)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Identify/apply ethical principles to resolution of moral challenges in management. Understanding place of business/corporation in society. prereq: Carlson School student
MGMT 1005H - Corporate Responsibility and Ethics (CIV)
Credits: 3.0 [max 3.0]
Course Equivalencies: Mgmt 1005/Mgmt 1005H
Grading Basis: A-F only
Typically offered: Every Spring
Identify/apply ethical principles to resolution of moral challenges in management. Understanding place of business/corporation in society. prereq: Honors student
BA 3000 - Career Skills
Credits: 1.0 [max 1.0]
Grading Basis: S-N only
Typically offered: Every Fall, Spring & Summer
Career planning. Use of Carlson School of Management's Business Career Center. Awareness, knowledge, skills associated with career/job search process. prereq: CSOM [soph or upper div] major, MACC, MBT
IBUS 3006 - Global Career Skills
Credits: 2.0 [max 2.0]
Course Equivalencies: BA 3000/IBus 3006
Grading Basis: A-F only
Typically offered: Every Spring
The focus of this education abroad course is to increase your awareness, knowledge and skills associated with the career and job search process both domestically and globally. The course includes career exploration and discovery, as well as the tactical pieces of a job search. You will be exposed to a variety of individuals, organizations, and cultures in Minnesota and internationally who will give you different perspectives on the process such as recruiters from multi-national organizations, students who have completed an internship, and presenters abroad. You will also learn to use the Carlson School of Management Undergraduate Business Career Center (UBCC), On Campus Recruiting, and GoldPASS Powered by Handshake. This development will increase your ability to undertake a successful career and job search during college and beyond. This course is designed to be taken prior to or concurrent with enrollment in I-CORE. Prereq: an approved education abroad application and CSOM BSB students only.
SCO 3001 - Supply Chain and Operations
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Managing the operations function within manufacturing and service organizations, and across the supply chains of these organizations. The supply chain is the set of organizations and the work that they complete to collectively create customer-valued goods and services. Course emphasizes decision making in work processes, including decision related to managing processes, quality, capacity, inventory, and supply chain activities. Quantitative and qualitative methods are used for improving management of operations.
MGMT 3004 - Business Strategy
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
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 & Summer
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, SCO 2550 or equivalent statistics course
FINA 3001H - Honors: Finance Fundamentals
Credits: 3.0 [max 3.0]
Course Equivalencies: ApEc 3501/Fina 3001/Fina 3001H
Grading Basis: A-F only
Typically offered: Every Fall
Financial management principles. Money/capital markets, risk/return/valuation triad, capital budgeting. Capital structure, financial leverage. Cost of capital, financial performance measures, dividend policy, working capital management, international financial management/derivatives. prereq: Acct 2050, SCO 2550 or equivalent statistics course
MKTG 3001 - Principles of Marketing
Credits: 3.0 [max 3.0]
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
MKTG 3001H - Honors:Principles of Marketing
Credits: 3.0 [max 3.0]
Course Equivalencies: Mktg 3001/Mktg 3001H
Grading Basis: A-F or Aud
Typically offered: Every Spring
Honors: 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, Honors Student
HRIR 3021 - Human Resource Management and Strategy
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. prereq: ECON 1101, ECON 1102, PSY 1001
HRIR 3021H - Honors: Human Resource Management and Strategy
Credits: 3.0 [max 3.0]
Course Equivalencies: HRIR 3021/HRIR 3021H/IBUS 3021
Grading Basis: A-F only
Typically offered: Every Spring
Human capital is an essential role in today?s organizations. If you plan to be a manager or organizational leader, or if you plan to major or minor in HR, this course is an essential introduction to the role of human resource management in organizations. In this class you will learn: How to recruit and select the best people. How to evaluate performance and give employees feedback. How to help individuals improve when their performance is subpar, and how to conduct terminations when those efforts do not work. Methods that are used to develop individuals so they can move into higher leadership roles. How to examine turnover problems and retain employees. How large companies set pay levels to ensure internal and external equity. Recent issues around worker rights and unions. The basics of employment law. Contemporary human resources issues that employers are dealing with, such as labor market shortages and sexual harassment policies. This class is for honor?s students only. prereq: ECON 1101, ECON 1102, PSY 1001
IBUS 3021 - Human Resource Management and Strategy in Australia
Credits: 4.0 [max 4.0]
Course Equivalencies: HRIR 3021/HRIR 3021H/IBUS 3021
Grading Basis: A-F only
Typically offered: Every Spring
This course will look at how, through managing and leading people, we can achieve organizational strategic objectives. The class will learn about managing people in an ethical, legal way that is aligned with organizational strategy and helps organizations reach their goals through recruiting, selecting, training, rewarding, coaching, motivating and developing the people within the organization. The course will also partner with a class in Australia to work through a live case study in cross-cultural, virtual teams. Overall the course will prepare the students to be managers and leaders in an increasingly complex, global business environment. prereq: ECON 1101, ECON 1102, PSY 1001
IDSC 3001 - Introduction to Information Technology in Business
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Developing/using IS to support business processes, managerial decision making, and organizational strategy. Technology components of IS. Impact on organizations. Creation/change processes. Managerial issues. Techniques for designing, developing, and implementing IS. Databases and user interfaces. Computer/communications network platforms. Internet, e-business, and e-commerce applications.
IDSC 3001H - Honors: Information Systems for Business Processes and Management
Credits: 3.0 [max 3.0]
Course Equivalencies: IDSC 3001/IDSC 3001H
Grading Basis: A-F or Aud
Typically offered: Every Fall
IS technology components. Creation/change processes. Managerial issues. Designing, developing, and implementing IS. Databases, user interfaces. Computer/communications network platforms. Internet, e-business, e-commerce applications.
ACCT 3001 - Introduction to Management Accounting
Credits: 3.0 [max 3.0]
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: 2050
IBUS 3002 - Managerial Accounting in Argentina and Chile
Credits: 4.0 [max 4.0]
Course Equivalencies: Acct 3001/IBus 3002
Grading Basis: A-F only
Typically offered: Every Fall
Study abroad course provides an overview of managerial accounting concepts with a lens towards how different cultural contexts might influence the decisions that managers make around the world or in within different organizational cultures. Businesses often operate across international borders and this impacts all aspects of their business including job costing, process costing, activity-based costing, cost volume profit analysis, variable costing, profit planning, flexible budgets, budgetary controls, and variance framework. The course will include two weeks studying abroad in South America. prereqs: approved education abroad application
MGMT 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
Written/oral communication skills for effective participation in contempory organizations. From basic principles to communication strategy. Communication technology. Cases, simulations of "real-world" situations. Student small groups meet with instructor three times for presentation coaching/feedback. Recitation times are arranged with instructor at start of semester. prereq: Fr composition, CSOM upper-div, at least 60 cr
IBUS 3033W - Business Communication in Spain (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: BA 3033W/Mgmt 3033W/IBUS 3033W
Grading Basis: A-F only
Typically offered: Every Spring
Education abroad course. Similar to MGMT 3033W with additional international experience end of semester.
PA 3003 - Nonprofit and Public Financial Management
Credits: 3.0 [max 3.0]
Prerequisites: Jr or sr
Grading Basis: A-F or Aud
Typically offered: Every Fall
Concepts/tools for project/budget planning. Program analysis. Interpreting financial reports. Identifying/resolving organizational performance issues. Case studies, real-world exercises. prereq: Jr or sr
PA 4101 - Nonprofit Management and Governance
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Managing/governing nonprofit/public organizations. Theories, concepts, real-world examples. Governance systems, strategic management practices, effect of different funding environments, management of multiple constituencies.
MGMT 4000 - Social Venturing in Action
Credits: 4.0 [max 4.0]
Course Equivalencies: BA 4000/Mgmt 4000
Grading Basis: A-F only
Typically offered: Every Spring
Capstone course. Students choose project with nonprofit organizations in local community. Readings/discussions tie managerial theory to experiences. Issues that involve intersection of for-profit/not-for-profit economies. Primarily undergraduate class. Opportunities for selected grad students. prereq: Sr nonprofit major or instr consent
PA 3001 - Changing the World: Contemporary Public Policy
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Spring
Foundation for understanding the what, who, where, and how of public policy making. These components are explored from different perspectives while delving into questions such as: What is public policy good for? Who decides policy priorities? What effect does public policy actually have in solving public problems? How can we improve public policy making? After successfully completing this course, students will understand the process, structure, and context of policymaking; identify who, how, and what influences the policy process; and apply knowledge of public policy and the policymaking process to a specific policy issue. A strong understanding of the American political system is encouraged.
PA 3002 - Basic Methods of Policy Analysis (SOCS)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Introduction to policy analysis. Theoretical foundations/practical methods of analysis. Tools for problem definition, data collection/analysis, presentation techniques, implementation strategies. Multidisciplinary case-study approach.
PA 3990 - General Topics in Public Policy
Credits: 1.0 -3.0 [max 9.0]
Typically offered: Every Spring & Summer
General topics in public policy.
PA 5123 - Philanthropy in America: History, Practice, and Trends
Credits: 1.5 -3.0 [max 3.0]
Typically offered: Periodic Fall
Theory/practice of philanthropy. Foundation/corporate/ individual giving. History/economic structure/dynamics. Models of philanthropy, components of grant making/seeking. Current debates, career options.
GCC 3003 - Seeking Solutions to Global Health Issues (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: GCC 3003/GCC 5003/NURS 5040H
Grading Basis: A-F only
Typically offered: Periodic Fall
Often, the most progress on challenging issues such as health and equity is made when you apply an interdisciplinary perspective. The same is true for global health issues. Whether responding to emerging pandemics, food insecurity, maternal mortality, or civil society collapse during conflict, solutions often lie at the intersection of animal, environmental, and human health. In this course, students will work in teams to examine the fundamental challenges to addressing complex global health problems in East Africa and East African refugee communities here in the Twin Cities. Together we will seek practical solutions that take culture, equity, and sustainability into account. In-field professionals and experts will be available to mentor each team, including professionals based in Uganda and Somalia. This exploration will help students propose realistic actions that could be taken to resolve these issues. This course will help students gain the understanding and skills necessary for beginning to develop solutions to global health issues. This is a Grand Challenge Curriculum course.
GCC 3005 - Innovation for the Public Good: Design for a Disrupted World (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: CEGE 5571/GCC 3005/GCC 5005
Grading Basis: A-F only
Typically offered: Periodic Fall & Summer
Do you want to make a difference? We live at the intersection of COVID-19, racism, economic recession, and environmental collapse. Now is the time to make an impact. In this project-based course, you will work in interdisciplinary teams. You'll develop entrepreneurial responses to current social and environmental problems. You'll develop tools, mindsets, and skills to address any complex grand challenge. Your project may address food insecurity, unemployment, housing, environmental impacts, equity, or other issues. Proposed designs for how you might have a social impact can take many forms (student group, program intervention with an existing organization, public policy strategy, or for-profit or non-profit venture) but must have ideas for how to be financially sustainable. Community members, locally and globally, will serve as mentors and research consultants to teams. Weekly speakers will share their innovative efforts to serve the common good. A primary focus of the course is up-front work to identify the ?right? problem to solve. You will use a discovery process, design thinking, and input from field research to addressing the challenge you choose. You will build a model around the community?s culture, needs, and wants. After the class, there is an opportunity to compete for funding through the Acara program. By the end of the class, you will have a well-designed plan to turn your project into an actionable solution if that is of interest.
GCC 3011 - Pathways to Renewable Energy (TS)
Credits: 3.0 [max 3.0]
Course Equivalencies: GCC 3011/GCC 5011
Grading Basis: A-F only
Typically offered: Periodic Spring
This interdisciplinary course will examine obstacles to energy transitions at different scales. It will explore the role of energy in society, the physics of energy, how energy systems were created and how they function, and how the markets, policies, and regulatory frameworks for energy systems in the US developed. The course will closely examine the Realpolitik of energy and the technical, legal, regulatory, and policy underpinnings of renewable energy in the US and Minnesota. Students will learn the drivers that can lead global systems to change despite powerful constraints and how local and institutional action enables broader reform. Students will put their learning into action by developing proposals for addressing a particular challenge: What would it take to get the University of Minnesota to invest significantly in solar energy? This is a Grand Challenge Curriculum course. prereq: sophomore, junior, senior
GCC 3014 - The Future of Work and Life in the 21st Century (TS)
Credits: 3.0 [max 3.0]
Course Equivalencies: GCC 3014/GCC 5014
Grading Basis: A-F only
Typically offered: Periodic Fall
This course seeks solutions to the technological, demographic, and economic forces that challenge taken-for-granted mindsets and existing policies around work, careers, and life. Students will consider positive and negative impacts of the forces that render the conventional education/work/retirement lockstep obsolete. What do these changes mean for men and women of different ages and backgrounds? What are alternative, sustainable ways of working and living in the 21st century? These questions reflect global challenges that touch the lives of people everywhere. Students will work in teams to begin to address these realities and formulate innovative solutions to better transform learning, working, caring, and community-building in the 21st century. This is a Grand Challenge Curriculum course.
GCC 3017 - World Food Problems: Agronomics, Economics and Hunger (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: Agro 4103/ApEc 4103/GCC 3017
Grading Basis: A-F only
Typically offered: Periodic Fall
This course provides a multi-disciplinary look at problems (and some of the possible solutions) affecting food production, distribution and requirements for the seven plus billion inhabitants of this planet. It is co-taught by an agronomist (Porter) and an economist (Runge) who together have worked on international food production and policy issues for the past 40 years. Historical context, the present situation and future scenarios related to the human population and food production are examined. Presentations and discussions cover sometimes conflicting views from multiple perspectives on population growth, use of technology, as well as the ethical and cultural values of people in various parts of the world. The global challenge perspective is reflected in attention to issues of poverty, inequality, gender, the legacy of colonialism, and racial and ethnic prejudice. Emphasis is placed on the need for governments, international assistance agencies, international research and extension centers, as well as the private sector to assist in solving the complex problems associated with malnutrition, undernutrition, obesity and sustainable food production. Through a better understanding of world food problems, this course enables students to reflect on the shared sense of responsibility by nations, the international community and ourselves to build and maintain a stronger sense of our roles as historical agents. Throughout the semester students are exposed to issues related to world food problems through the lenses of two instructors from different disciplinary backgrounds. The core issues of malnutrition and food production are approached simultaneously from a production perspective as well as an economic and policy perspective throughout the semester. This is a Grand Challenge Curriculum course.
GCC 3028 - Harnessing the power of research, community, clinic and policy to build a culture of health (DSJ)
Credits: 3.0 [max 3.0]
Course Equivalencies: GCC 3028/GCC 5028
Grading Basis: A-F only
Typically offered: Periodic Fall
Imagine a world where factors such as race, ethnicity, and socioeconomic status had no bearing on a person's health status, quality of life, or longevity--a world where everyone had an equal opportunity to live a long and healthy life. Unfortunately, this is not the case. Despite decades of focused public health efforts, health inequities remain; individuals from low income and diverse racial/ethnic backgrounds are far more likely to, (1) struggle with chronic health conditions, (2) report lower quality of life, and (3) have a lower life expectancy, than others. Bold and innovative solutions are needed to address this grand challenge. Integration is one such method that can potentially increase the success and sustainability of approaches to reduce health disparities and create a culture of health for all. Integration is an approach to solving complex public health problems that merges academic research, clinical practice, policy and community resources in new ways. This interactive course will challenge students to identify root causes of health, including access to food, housing, transportation and education. Students will also focus on health disparities and barriers to eliminating these existing, disparate, negative outcomes. Students will be introduced to the concept of integration science and practice; will learn about the importance of integration across research, practice, community, and policy domains to address health disparities; and will cultivate the communication skills needed to intentionally and successfully facilitate integration practice. Course instructors with unique vantage points as concerned scientists, health practitioners, and policy wonks will engage students in class discussions and activities, individual writing assignments and small-group work aimed at unveiling the reasons health disparities persist globally--challenging them to consider opportunities for integration to alleviate existing disparities. The semester will culminate in students working in groups to create their own integrated projects aimed at addressing a health disparity.
GCC 5034 - How Can We Transition Minnesota to a Carbon-Free Economy? (TS)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
The science is clear that we need to decarbonize the economy on a global scale as soon as possible to prevent catastrophic effects of climate change on human health and the environment. What does it mean to develop a prosperous carbon-neutral economy, while also improving people?s lives and the environment? How can this transition happen to make the benefits of societal wealth more equitable, and while protecting vulnerable populations? Will a transition to a carbon-free economy force us to change our quality of life? Together we will seek practical solutions to address these complex challenges. While there isn?t a single ?right? solution to grand challenges, progress can be made through an interdisciplinary perspective. This course will attempt to answer these questions through: A series of primers?lectures and discussions on key topics?to build your understanding of key topics for creating a carbon neutral economy Explore the conflicts that exist between solutions to rapidly reduce carbon emissions and create a clean energy future, through a deep case study of Minnesota ?Knowledge to Impact? workshops that introduce key skills and capacities for addressing any complex challenge Working in interdisciplinary teams to build upon lectures, discussions, and workshops to propose a well-developed solution to a problem related to the course?s grand challenge.
MGMT 4008 - Entrepreneurial Management
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Management of a new venture after founding. Internal/external challenges of managing a startup organization. Working with resource constraints and understanding how business models may change over time. prereq: concurrent registration is required (or allowed) in [3010 or IBUS 3010]
MGMT 4040 - Negotiation Strategies
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Spring
Securing agreements between two or more parties who are interdependent and seeking to maximize their own outcomes. Behavior of individuals, groups, and organizations in competitive situations.
MGMT 4170W - New Business Feasibility and Planning (WI)
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
New-business-opportunity identification/development. Students conduct feasibility analysis, create formal business plan, gather feasibility data, and contact potential customers, suppliers, and other primary sources. prereq: 3010
MGMT 5018 - Philanthropy & Fundraising Strategy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This brief experiential course explores the evolving world of philanthropy and provides an opportunity to directly influence a real-life nonprofit?s funding strategies. It shows students how, despite resource constraints, nonprofit organizations can effectively build meaningful engagement and financial support around society?s most pressing needs. It provides an immersive experience ? supported by a professional ecosystem ? where students can learn, be inspired and leave this class more driven (and capable) to be ?a force for good.? By the end of this course, students will have gained hands-on consulting experience in partnership with nonprofit organizational leaders, active consultants and major philanthropists. They will have devised and presented implementable strategies at the ?virtuous nexus? between potential donors and their client?s organizational needs - solutions which increase engagement and promote lasting symbiotic relationships between the private and nonprofit sectors. They will be well-positioned to make a significant positive impact throughout their careers in the Twin Cities and beyond.
PA 5927 - Effective Grantwriting for Nonprofit Organizations
Credits: 1.5 [max 1.5]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Grantwriting skills, processes, problem,s and resources for nonprofit organizations. Researching and seeking grants. Communication with potential funders and generating financial support. Collaborating effectively with the organization and clients to create substantive, fundable proposals.
MGMT 3010 - Introduction to Entrepreneurship
Credits: 4.0 [max 4.0]
Course Equivalencies: IBUS 3010/Mgmt 3010
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Fundamentals of entrepreneurship. Career paths, including new business start-ups, franchising, acquisitions (including family business succession), corporate venturing, and entre-preneurial services. Legal structures for new business formation. Aspects of business law/ethics.
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
Terms, concepts, skills for analyzing fundamental business practices in global economy.
MGMT 4050 - Managing Innovation and Change In Action
Credits: 2.0 [max 2.0]
Course Equivalencies: IBus 4050/Mgmt 4050
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course focuses on how entrepreneurs create new businesses and how organizations innovate and change. Special emphasis is given to understanding the sequences of events that typically unfold in individuals, groups, organizations, and industries as innovations develop from concept to implementation. The course relies heavily on the concepts and findings from the Minnesota Innovation Research Program, as well as other studies. The course focuses on how the innovation journey unfolds in the creation of a wide variety of new businesses, technologies, products, programs, and services, and what paths along this journey are likely to lead to success and failure. The course emphasizes building diagnostic skills and developing useful principles that may increase the odds of maneuvering organizational innovation and change journeys. prereq: Mgmt 1001, 3001 or 3010
IBUS 4050 - Management of Innovation and Change
Credits: 4.0 [max 4.0]
Course Equivalencies: IBus 4050/Mgmt 4050
Grading Basis: A-F only
Typically offered: Every Fall
Applying theories/research on how new organizational programs, products, technologies are developed/implemented. Diagnostic skills. How innovation unfolds. prereq: [Mgmt 1001 or 3001 or 3010], approved application
MGMT 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
Written/oral communication skills for effective participation in contempory organizations. From basic principles to communication strategy. Communication technology. Cases, simulations of "real-world" situations. Student small groups meet with instructor three times for presentation coaching/feedback. Recitation times are arranged with instructor at start of semester. prereq: Fr composition, CSOM upper-div, at least 60 cr
IBUS 3033W - Business Communication in Spain (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: BA 3033W/Mgmt 3033W/IBUS 3033W
Grading Basis: A-F only
Typically offered: Every Spring
Education abroad course. Similar to MGMT 3033W with additional international experience end of semester.
MGMT 4170W - New Business Feasibility and Planning (WI)
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
New-business-opportunity identification/development. Students conduct feasibility analysis, create formal business plan, gather feasibility data, and contact potential customers, suppliers, and other primary sources. prereq: 3010