The world has witnessed dramatic changes in global trade in the past few decades. Market reforms and the reduction of international trade barriers have converted individual domestic markets into a "one-market" global economy. Breakthroughs in communications, transportation, technology, trade, and financial flows have significantly altered concepts of time, distance, and markets. Events in one part of the world profoundly affect the economics, politics, and markets in other regions of the world. Products developed in one country find increasingly enthusiastic acceptance in other countries. Although many companies have conducted international trade for decades, today's global companies are much more aggressive and expansive. Domestic companies which never considered foreign competitors now find them in their backyards. No company is isolated from this phenomenon.
The international business concentration is designed for students who want to prepare themselves to meet the challenges of a global economy. The courses in the concentration focus on the principles and practices of domestic businesses that cross national boundaries. The objective of the concentration is to give students exposure to major areas of economics, finance, human resource management, marketing, and operations management in an international context, thereby providing the student with a broad foundation that is applicable to large and small organizations serving domestic and global markets.
International Business Concentration: Twelve credits
(based on 2011-12 catalogue requirements)
Twelve credits from the following courses:
BFIN 327 International Finance (3 credits)
ECON 311 Global Economic Issues (3 credits)
ECON 411 International Economics (3 credits)
MGMT 355 International Management (3 credits)
MKTG 417 International Marketing (3 credits)
Important notes about the International Business Concentration:
- This concentration may only be taken with another major or concentration.
- If offered, students must complete the international course for the functional area of their primary concentration.
- The primary concentration course (e.g., MKTG 417) can be used to fulfill the requirement for either, but not both, the primary concentration or the international business concentration.
- Students with a concentration in International Business may not double-count any of the above courses to satisfy the international component (three credits) of the IIE requirement of the Business Administration major. Students in this concentration may count one three credit foreign language course to satisfy this IIE requirement (a course in a student's native language is not counted as an international course elective.)