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Twin Cities Campus

International Business Minor

Strategic Management & Entrepreneur
Curtis L. Carlson School of Management
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Spring 2018
  • Required credits in this minor: 12 to 18
The international business minor provides students with a vital foundation for success in today's global business environment. It enhances any functional major with a broad understanding of the additional complexity and contingencies required when conducting business across international 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.
This minor is only available to students who are pursuing a BSB degree in the Carlson School of Management.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
This minor is only available for students who are completing a BSB degree in the Carlson School of Management.
International Business Foundation
The International Business Foundation courses must be completed at the Carlson School. Students who study abroad for a semester may choose to complete MGMT 4500 as one course in the Foundations category.
MGMT 3040 - Understanding the International Environment of Firms: International Business (2.0 cr)
Take 2 or more course(s) from the following:
· ACCT 5310 - International Accounting (2.0 cr)
· FINA 4621 - The Global Economy (Macro) (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· MGMT 3900 - International Business Communication [GP] (3.0 cr)
· MKTG 4080W - Marketing Strategy [WI] (4.0 cr)
· IBUS 3010 - Introduction to Global Entrepreneurship (4.0 cr)
· IBUS 3080 - Sustainability and Corporate Social Responsibility in Costa Rica (4.0 cr)
· IBUS 4010 - Management of Technology in the Middle East (3.0 cr)
· IBUS 4050 - Management of Innovation and Change (4.0 cr)
· IBUS 4082W - Brand Management [WI] (4.0 cr)
· MGMT 4500 - Senior Seminar in International Business (2.0 cr)
International Environment Breadth
The International Environment Breadth courses may be completed abroad with advising and departmental approval. Students may choose to complete this category with one depth course from the IB major and one breadth course, or two breadth courses. Business language courses may not be used in the minor.
International Political Economy Survey course
Take 1 or more course(s) from the following:
· APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 5751 - Global Trade and Policy (3.0 cr)
· ECON 4401 - International Economics [GP] (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)
· POL 3410 - Topics in Comparative Politics (3.0 cr)
· POL 3835 - International Relations [SOCS, GP] (3.0 cr)
· POL 3872W - Science, Industry, and Social Change: The Political Economy of Global Environmental Cooperation [WI] (4.0 cr)
· POL 4481 - Governments and Markets (3.0 cr)
· GCC 5008 - Grand Challenge: Policy and Science of Global Environmental Change [ENV] (3.0 cr)
· HIST 3419 - History of Capitalism: Uneven Development Since 1500 (3.0 cr)
or GLOS 3219 - History of Capitalism: Uneven Development Since 1500 (3.0 cr)
Sociocultural Survey course
Students may choose to complete a credit-bearing internship with an academic seminar component during the semester or summer abroad to complete this category.
Take 1 or more course(s) from the following:
· AMST 4301 - Workers and Consumers in the Global Economy [DSJ] (3.0 cr)
· ANTH 3003 - Cultural Anthropology (3.0 cr)
· ANTH 3005W - Language, Culture, and Power [SOCS, DSJ, WI] (4.0 cr)
· ANTH 4031W - Anthropology and Social Justice [CIV, WI] (4.0 cr)
· ANTH 4053 - Economy, Culture, and Critique [SOCS, GP] (3.0 cr)
· ANTH 4121 - Business Anthropology (3.0 cr)
· GEOG 3379 - Environment and Development in the Third World [SOCS, ENV] (3.0 cr)
· GEOG 3381W - Population in an Interacting World [SOCS, GP, WI] (4.0 cr)
· GLOS 3303 - Environment and Development in the Third World [SOCS, ENV] (3.0 cr)
· GLOS 3602 - Other Worlds: Globalization and Culture (3.0 cr)
· GLOS 3701W - Population in an Interacting World [SOCS, GP, WI] (4.0 cr)
· GLOS 4221 - Globalize This! Understanding Globalization Through Sociology [GP] (3.0 cr)
· POL 3873W - Global Citizenship and International Ethics [CIV, WI] (3.0 cr)
· SOC 4321 - Globalize This! Understanding Globalization through Sociology [GP] (3.0 cr)
· SPAN 3105W - Introduction to the Study of Hispanic Cultures [WI] (3.0 cr)
International Experience Requirement
An international experience requirement that meets the Carlson School's requirement of all students will fulfill the minor requirement.
 
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MGMT 3040 - 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: 1001 or 1001H or 3001
ACCT 5310 - International Accounting
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & 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: 01590 - Fina 4621/Fina 4641
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Survey of macroeconomic policies in emerging markets and developed countries. International dimensions of corporate finance. Exchange rates, interest rate parity, trade deficit/surplus. prereq: 3001, CSOM major
FINA 4622 - International Finance
Credits: 2.0 [max 2.0]
Prerequisites: CSOM major, 3001, 4121 or 4121H, 4221
Grading Basis: A-F only
Typically offered: Every Fall
Corporate investment, risk management decision making in international context. International capital markets, cost of capital in emerging economies. Measuring/managing currency risk. prereq: CSOM major, 3001, 4121 or 4121H, 4221
MGMT 3900 - International Business Communication (GP)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Spring
Course will help students understand the impact of culture and communication on business interactions around the world. Cultural studies and cross-cultural communication is a complex, multidisciplinary field. Students will be asked to reflect on the meaning of ethics and corruption in a multicultural environment and to consider how our understanding of other cultures influences best business practices. This course should help students to develop an empathetic understanding of other cultures, see through the eyes of others, understand how different cultural values can impact business practices, and think ethically about important global societal change and engage in difficult debates around moral, legal, and ethical issues.
MKTG 4080W - 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. prereq: 3001, 3010, 3040, 12 cr in marketing, sr
IBUS 3010 - Introduction to Global Entrepreneurship
Credits: 4.0 [max 12.0]
Course Equivalencies: 02347
Grading Basis: A-F only
Typically offered: Every Spring
Terms, concepts, skills for analyzing fundamental business practices in global economy.
IBUS 3080 - Sustainability and Corporate Social Responsibility in Costa Rica
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Spring
Partnership with Caribou Coffee. Coffee value chain of Caribou Coffee, from coffee bean origins through coffee served at Caribou Coffee and stakeholders throughout. Students write report delivered to Caribou's top management team and employees.
IBUS 4010 - Management of Technology in the Middle East
Credits: 3.0 [max 3.0]
Course Equivalencies: 01820
Grading Basis: A-F only
Typically offered: Every Spring
Undergraduate study abroad in Israel. prereq: Undergrad
IBUS 4050 - Management of Innovation and Change
Credits: 4.0 [max 4.0]
Course Equivalencies: 02187
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
IBUS 4082W - Brand Management (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 02369
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Brand asset management. Measuring brand knowledge. Building and leveraging brands. Managing brands globally. prereq: MKTG 3001, MKTG 3010, MKTG 3040
MGMT 4500 - Senior Seminar in International Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
International business capstone. Topics related to doing business globally. Opportunity to integrate study abroad/coursework experiences. prereq: CSOM sr, completed semester abroad, IB major or minor
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
APEC 5751 - Global Trade and Policy
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Trade policies of import/export nations, gains from trade, trade negotiations/agreements. Free trade and common market areas. Exchange rate impacts. Primary commodities and market instability. Current trade issues. prereq: 3001 or Econ 3101 or PA 5021
ECON 4401 - International Economics (GP)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
International trade flows. Commercial policy and welfare implications, protection. Global trade organizations. International factor mobility. Balance of payments analysis and open-economy macroeconomics. Foreign exchange markets and exchange rate determination. International monetary system. Regional integration. Case studies. prereq: [[1101, 1102] or equiv], not open to econ majors
GEOG 3331 - Geography of the World Economy (SOCS, GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: 02044 - Geog 3331/GloS 3231
Typically offered: Every Fall
Geographical distribution of resources affecting development; location of agriculture, industry, services; geography of communications; agglomeration of economic activities, urbanization, regional growth; international trade; changing global development inequalities; impact of globalizing production and finance on the welfare of nations, regions, and cities.
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: 02303
Grading Basis: A-F only
Typically offered: Periodic Fall
Introduction to World Bank, International Monetary Fund, and World Trade Organization. Emphasizes their daily practices and political, economic, and cultural effects around the world. Politics/business of development. Free market and trade. New transnational professional class. Social activism.
POL 3410 - Topics in Comparative Politics
Credits: 3.0 [max 9.0]
Typically offered: Every Fall, Spring & Summer
Topics of current analytical or policy importance to comparative politics. Topics vary, as specified in Class Schedule.
POL 3835 - International Relations (SOCS, GP)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Introduction to theoretical study of international relations. How theoretical perspective shapes one's understandings of structure/practices of global politics.
POL 3872W - Science, Industry, and Social Change: The Political Economy of Global Environmental Cooperation (WI)
Credits: 4.0 [max 4.0]
Typically offered: Periodic Fall & Spring
Emergence of environment as key aspect of global political agenda. Non-governmental/governmental international organizations. Politics of protection of atmosphere, rain forest, seas, other selected issues. International security, environment.
POL 4481 - Governments and Markets
Credits: 3.0 [max 3.0]
Course Equivalencies: 02294 - Pol 3481H/Pol 4481
Typically offered: Periodic Fall & Spring
Connection between democracy and markets. Experiences of countries in North America and Europe. prereq: 1054 or instr consent
GCC 5008 - Grand Challenge: Policy and Science of Global Environmental Change (ENV)
Credits: 3.0 [max 3.0]
Course Equivalencies: 00766 - EEB 5146/FNRM 5146/GCC 5008/P
Grading Basis: A-F only
Typically offered: Periodic Spring
Through readings, lectures, discussions, written assignments, and presentations this course introduces the critical issues underpinning global change and its environmental and social implications. The course examines current literature in exploring evidence for human-induced global change and its potential effects on a wide range of biological processes and examines the social and economic drivers, social and economic consequences, and political processes at local, national, and international scales related to global change.
HIST 3419 - History of Capitalism: Uneven Development Since 1500
Credits: 3.0 [max 3.0]
Course Equivalencies: 01963 - 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.
GLOS 3219 - History of Capitalism: Uneven Development Since 1500
Credits: 3.0 [max 3.0]
Course Equivalencies: 01963
Typically offered: Fall Odd Year
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.
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.
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 3005W - Language, Culture, and Power (SOCS, DSJ, WI)
Credits: 4.0 [max 4.0]
Typically offered: Every Spring
Studying language as a social practice, students transcribe and analyze conversation they record themselves, and consider issues of identity and social power in daily talk.
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.
ANTH 4121 - Business Anthropology
Credits: 3.0 [max 3.0]
Course Equivalencies: 01996
Typically offered: Every Spring
Anthropological/ethnographic understandings/research techniques.
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
Concepts for analyzing relations between capitalist development and environment in Third World. Historical geography of capitalist development. Case studies. Likelihood of social/environmental sustainability. prereq: Soph or jr or sr
GEOG 3381W - Population in an Interacting World (SOCS, GP, WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01064
Typically offered: Every Fall, Spring & Summer
Comparative analysis and explanation of trends in fertility, mortality, internal and international migration in different parts of the world; world population problems; population policies; theories of population growth; impact of population growth on food supply and the environment.
GLOS 3303 - 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
Concepts for analyzing relations between capitalist development and environment in Third World. Historical geography of capitalist development. Case studies. Likelihood of social/environmental sustainability. 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 produces complex, sometimes volatile, local responses. Course explores interconnectedness of the world, considering not one world, but many. Topics include colonialism, consumption, diasporic conditions, global media, nationalism, supra-national governance. Examines how globality is experienced and contested locally and specifically. prereq: [3101, 3144] or instr consent
GLOS 3701W - Population in an Interacting World (SOCS, GP, WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01064
Typically offered: Every Fall, Spring & Summer
Comparative analysis/explanation of trends in fertility, mortality, internal and international migration in different parts of the world; world population problems; population policies; theories of population growth; impact of population growth on food supply and the environment.
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
Globalization of organizations, political relations, and culture. Dependency, world systems theories. Growth of international nongovernmental organizations, their impact on state policies and civil society. Expansion of international norms. Globalization of popular culture.
POL 3873W - Global Citizenship and International Ethics (CIV, WI)
Credits: 3.0 [max 3.0]
Typically offered: Fall Odd, Spring Even Year
Case studies of ethics in intervention, war, weapons, foreign aid, environmental practices, and human rights are used to examine the global ethical responsibilities of individual citizens and public officials; effectiveness of transnational social movements in influencing policy at domestic and international levels.
SOC 4321 - 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: Every Fall
Globalization of organizations, political relations, and culture. Dependency, world systems theories. Growth of international nongovernmental organizations, their impact on state policies and civil society. Expansion of international norms. Globalization of popular culture. prereq: Soc majors/minors must register A-F
SPAN 3105W - Introduction to the Study of Hispanic Cultures (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01162
Typically offered: Every Fall, Spring & Summer
Cultural issues pertaining to Spain or Spanish America. prereq: 3015, Spanish [major or minor] or Span-Port