MinorInternational Business

The International Business minor gives students an understanding of how to conduct business in a foreign country, including basic business skills and understanding the customs, opportunities, and challenges of working across cultures.

4,500+ Enrollment (1,400 on-campus undergraduates)
1893 the year Concordia was founded
16 Fortune 500 Companies Headquartered in the Twin Cities
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International Business Curriculum Overview

The International Business minor is a 20-22 credit program that will give students insights on basic business skills, opportunities, and challenges of working across cultures while conducting business in a foreign country.

Prerequisites
Course ID Course Name Credit Hours
ECO - 101 Macroeconomics 4

This course will illustrate the dynamic integration of America within the global economy by focusing on macroeconomics policy areas such as trade, exchange rate policy and domestic economic policy. The course will also introduce students to alternative theoretical frameworks such as classical, Keynesian, monetarism, rational expectations, Marxist, and institutionalist perspectives. The course will explore problems facing the less industrialized countries and the newly emerging countries and the United StatesÀ role in their development.

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Required Courses
Course ID Course Name Credit Hours
ECO - 102 Microeconomics 2
MAN - 120 Basics of Business 2

This course will illustrate the dynamic integration of America within the global economy by focusing on the microeconomics issues such as the role of multinational corporations, antitrust policy, and strategic trade policy. The course will first introduce students to basic microeconomics theory such as market structure (perfect competition, monopoly, monopolistic competition, and oligopoly), factor markets, the role of government in the global economy, welfare reform, environmental policy and trade, and exchange rate policy. The course will then illustrate the global dimensions of domestic microeconomics policy. (Prerequisite: ECO101)

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Students learn to make decisions in a dynamic business environment. Fundamental course concepts include developing a business plan, managing people and operations, and the basics of marketing, finance, and communications.

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Choose one of the following courses
Course ID Course Name Credit Hours
COM - 309 Intercultural Communication 4
SPA - 101 Beginning College Spanish I 4

Students explore the principles and processes of communication between cultures. Course topics include intercultural communication models, the impact of different cultural patterns on the communication process, the anthropological concept world view and its impact on intercultural communication, detection of communication problems in intercultural situations, gender and diversity issues in intercultural communication, and constructing valid strategies for communicating interculturally. (Prerequisite: COM103 or COM212)

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This course introduces basic vocabulary along with present and past tense verbs. Cultural notes and short readings are included along with the basic grammar. Immediate use of the language is encouraged.

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Choose two of the following courses
Course ID Course Name Credit Hours
ACC - 201 Prin of Acct (Financial) 4
FIN - 301 Corporate Finance I 4
MAN - 301 Organizational Behavior 4
MAR - 301 Principles of Marketing 4

This class introduces the student to the role of accounting in the business world. The principles and concepts of financial accounting and analysis of accounting statements are covered. Accounting cycles, procedures and balanced sheet classifications are emphasized.

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This course explores the basics of financial management. Topics include the capital markets, the cash budget, pro forma statements, analysis of financial statements, and the time value of money Students also complete a research project. (Prerequisites: ACC201, MAT110 , MAT125 or MAT135)

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This course will examine the basic principles of management including planning, organizing, integrating, leading, decision-making, and evaluating performance. Using theories contributed from the behavioral sciences students will examine the behavior of individuals, groups and organizations. Students will learn to analyze problems and develop strategies to deal with organizational growth and change.

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This course provides an introduction to the study of marketing in business and other organizations. Topics that will be addressed in this course include the marketing environment, marketing ethics, information gathering, product development, pricing strategies, distribution strategies, the promotional mix, decision making, nonprofit marketing, social marketing and international marketing. (Prerequisite: junior standing)

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Choose two of the following courses
Course ID Course Name Credit Hours
ECO - 401 Global Economics 4
MAR - 471 Global Marketing 2
MAN - 350 Managing in a Global Economy 4
BUS - 497 Study Abroad 4

This course will introduce students to the theories explaining trade and financial (exchange rates, foreign direct investment) markets in the economy. The course will also focus on policy issues in the trade and financial sectors such as the effectiveness of domestic trade and monetary policy, coordination of international exchange rates and the role of institutions such as the Federal Reserve System and the World Trade Organization in the present global economy. The course will also introduce students to national and local ethnic markets.

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This course examines the complexities of international marketing. The scope and nature of international and global marketing operations are introduced. The influence of culture on global marketing is explored. The traditional elements of marketing, including price, product, promotion, distribution, and service are examined in the context of international markets. Students are asked to analyze what it takes to introduce a product into a foreign market. (Prerequisite: MAR301)

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This cross functional course will build on management principles and apply them to global opportunities using market measurement, competitive analysis, managing distribution, product positioning, ethics and decision-making, forecasting, budgeting, performance evaluation and maintaining control.

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International travel course that supports students' program learning with first-hand experience. Students explore business topics of interest, such as marketing, management, leadership or operations from an international perspective.

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Additional Requirements:

  • One trip abroad, either short term academic program, service learning abroad, or semester abroad (vacation travel does not count)
  • Language requirement can be satisfied through CLEP exams
  • Courses taken during a semester abroad may be substituted for required courses with prior approval from the department chair

Meet Your Professors

Renata Mayrhofer Instructor of Business Management, Chair Business Administration and Management Program
Phillip Hampton Term Faculty of Finance

Prior to his career in academics Hampton served a number of years in the finance sector, with positions at Metris Companies, U.S. Bancorp, Federal Reserve Bank and Piper Jaffray.

Dr. Nancy Harrower Associate Professor of Marketing and Management

Dr. Nancy Harrower brings a practical approach to teaching marketing principles.

Rev. Dr. Michael Dorner Vice President for Finance, Assistant Professor of Accounting

Michael Dorner has served as Concordia University, St. Paul’s Vice President of Finance since 2004.

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