The International Business major considers differences in culture, economic, political, legal, and ethical systems to assess international business environments, compare market potential, and select effective entry modes. The curriculum also covers responding to government interventions on trade and investment and managing payments and foreign exchange risks with standard economic and business techniques.
- International Business
Data Analysis for Business Decisions: BUS-225 (3 credits)
Emphasizes the foundation areas of data management, interpretation, and analysis. The course focuses on methods to manage and explain data, describe and interpret data quantitatively using statistical techniques, and apply the results to make better management decisions. Data Analysis involves using statistical methods to understand and interpret data acquired in business applications. In this course students will learn techniques to manage data using Excel tools, explain data through charts and graphs, and describe and interpret data in probabilistic terms.
Financial Accounting: BUS-253 (3 credits)Introduces principles and practices leading to the preparation of a balance sheet, income statement and statement of cash flow. Presents the basics of accounting principles and its applications in the business world. The course explores the concepts and techniques of accounting for individual proprietorships and corporations. [3 credits]
Principles of Management: BUS-302 (3 credits)
Examines organizational, human resources, operational, and functional aspects of ethically managing activities of diverse workforces in organizational settings. Analyzes traditional managerial functions of planning, organizing, leading, and controlling within the context of changing demands in organizations that compete effectively in an inter-connected, global environment. [ 3 credits ]
Principles of Marketing: BUS-303 (3 credits)This course introduces the language of marketing the strategic marketing process. While formulating viable marketing strategies for diverse business situations, learners will gain experience gathering and analyzing industry and market data, as well as implementing core-marketing concepts such as market segmentation, targeting, positioning,and the marketing mix in the formulation and implementation of real-world marketing strategies. This course culminates in the development of a marketing plan for a new product, service or retail establishment. [ 3 credits ]
Corporate Financial Management: BUS-321 (3 credits)
Emphasizes the foundation areas of finance to educate students in financial decision making. Introduces concepts including time value of money, net present value and alternative measures used in financial decision making, financial ratio analysis, capital budgeting, cost of capital, and asset valuation. Prerequisites: BUS-253; BUS-225. Recommend completion of general education requirement in math. [3 credits]
Teamwork and Negotiation: BUS-334 (3 credits)Analyzes the dynamics, structure and function of teams in businesses and other organizations. Examines the framework and components of conflict resolution and negotiation in both organizational and personal situations. Learners will assess and strengthen key interpersonal skills. This course utilizes role active learning pedagogy extensively including role plays, small group exercises, and simulations. [3 credits]
International Business: BUS-350 (3 credits)Critically analyzes factors affecting business operations in the global marketplace. It introduces theories and practical strategies for evaluating constraints and opportunities resulting from economic, cultural, legal, and ethical differences to political and financial realities at home and abroad. Also provides hands-on opportunities for analyzing international business opportunities, developing international competitive strategies, and for comparing and contrasting different entry modes. Prerequisites: ECO-211 or ECO-212. Fulfills general education requirement in cross-cultural studies. [3 credits]
International Finance: BUS-442 (3 credits)Examines opportunities and risks associated with international finance. Studies the international banking system, international money market, international bond markets and international equity markets. Explains exchange rate behavior and examines currency derivatives including future and options on foreign exchanges, currency and interest swaps, and international portfolio investments. Students will evaluate strategies to hedge against foreign exposures, including economic, translation, transaction and cash flow exposures. They will also analyze and evaluate the impact of central banks and financial policies around the world. Prerequisite: BUS-321. [3 credits]
International Business Capstone: Exporting and Importing: BUS-450 (3 credits)Integrates learning from business courses, courses from other departments and real world experiences through the completion of teamwork-based capstone projects. Student teams will be iven the option to work with a client or to create an international business report. Teams that choose to work with a client will develop an international business strategy and write a business plan for a specific initiative related to trade, production or investment in one or more foreign countries. At the end of the year, the team will prepare a business plan and deliver a presentation to the client. Teams that choose to conduct research will create an international business report evaluating the globalization of markets, production and investment for a selected country. Teams will interview business representatives in the United States and the foreign country. At the end of the semester, each team will deliver a presentation to students, faculty and guests at Notre Dame. Prerequisites: BUS-302, BUS-303, BUS-321, BUS-350 and corequisite BUS-442. [3 credits]
Introduction to Microcomputer Applications: CST-130 (3 credits)Emphasizes problem-solving skills for all disciplines, such as finding reliable information on the Internet, using spreadsheets to analyze information quantitatively, developing databases to store and retrieve information, creating visual computer presentations to accompany reports and designing Web pages. A final integrated project is required. Course focuses on computer competencies for the non-major. [3 credits]
Introduction to Macroeconomics: ECO-211 (3 credits)Focuses on the United States economy and its relations with the world. Examines how interactions among consumers, businesses, government and the rest of the world impact economic growth, inflation, unemployment and business cycles. Investigates the impact of monetary and fiscal policies on the overall performance of the economy. Fulfills general education requirement in social science. [3 credits]
Introduction to Microeconomics: ECO-212 (3 credits)Examines the manner in which prices are determined and limited resources are allocated efficiently through mastery of basic supply and demand. Considers the behavior of producers and consumers under various competitive conditions. Assesses the role of government in responding to market failures. Fulfills general education requirement in social science. [3 credits]
International Economics: ECO-404 (3 credits)
Examines international trade theory, international trade policy and international finance from multi-country and multicultural perspectives. Applies economic models to explain the benefits from trade and its effect on the distribution of income among different groups within a country. Studies the impact of protectionist policies on the standard of living of both importing and exporting countries. Describes the balance of payments and develops models of exchange rates. Investigates international capital and finance issues in light of the current economy. Fulfills general education requirement in cross cultural studies. Prerequisite: ECO-211 or ECO-212. [3 credits]
Applied Algebra: MAT-103 (3 credits)
Focuses on fundamental algebraic concepts and the solution of real world problems through the use of basic mathematical models. Provides a thorough study of linear functions as well as an exploration of a variety of nonlinear functions. Data analysis and mathematical modeling focus on real world problems from a variety of fields including science, finance and business. Graphing calculator is used throughout the course. Intended for students of science, finance and business who have limited algebraic skills. The course may be taken to prepare for MAT-107 Elementary Functions or MAT-215 Basic Statistics. Prerequisite: minimum of ne year of high school algebra. Satisfies the general education requirement in mathematics. [3 credits]
Calculus I: MAT-211 (4 credits)
Introduces functions, limits, continuity, differential calculus of polynomial, rational, exponential and logarithmic functions, as well as basic integration techniques. Applications are considered throughout the course with an emphasis on the life sciences. Weekly laboratory is an integral part of the course. Graphing calculators used to explore topics covered. Fulfills the general education requirement in mathematics Prerequisite: strong high school algebra background or successful completion of MAT-107. [4 credits]
Introduction to International Affairs: POL-103 (3 credits)Introduces students to different perspectives on power, conflict, international economics and the environment. The role of international organizations and especially the United Nations will also be a focus of the class. Fulfills general education requirements in social science and cross-cultural studies. [3 credits]
Problems of Developing Nations: POL-351 (3 credits)Introduces students to economic, political and cultural issues of development and underdevelop- ment in Asia, Latin America, Sub-Saharan Africa, the Middle East and North Africa. Fulfills general education requirement in cross-cultural studies. Prerequisite: ECO-211. [3 credits]
Political and Economic Globalization: POL-401 (3 credits)Introduces students to the political implications of trade, aid, investment, technology and energy relations along with their impact on relations between rich as well as poor countries. Fulfills general education requirement for cross cultural studies. Prerequisite: POL-103 or permission. [3 credits]
Global Issues: POL-440 (3 credits)Examines five to six major topics that inter- connect or divide the contemporary world. Democracy, the global economy, religion and ethnicity, global migration, population trends, women, the environment, and technology and communication are some of the issues we visit. Fulfills general education requirement in cross-cultural studies. Prerequisite: POL-103. [3 credits]
Sample program of study for the international business major. Students should select courses with the assistance of a faculty advisor.
|BUS-105 or elective||3||ECO-211 or ECO-212||3|
|General Education/Electives||6||Foreign language 102||3|
|Foreign language 101||3||[15 credits]|
|POL-351 and General Education||6||General Education/Electives||6|
|Foreign language 103||3||Foreign language 200 level||3|
|[15 credits]||[15 credits]|
|Internship or study tour||3||General Education/Electives||9|
|General Education/Electives||6||[15 credits]|
|General Education/Electives||9||General Education/Electives||9|
|[15 credits]||[15 credits]|
Note: For course descriptions, see listings in business, economics, and political science catalog sections.
What to Expect Studying at Notre Dame of Maryland University
Small classes, lectures and seminars provide a climate for individualized learning while conferences and faculty project collaborations offer opportunities to network and boost your resume.
Student Learning Outcomes
After completing the program, you will be able to:
- Integrate global perspectives on political, economic, cultural, environmental issues into business decisions
- Compare political and economic systems to identify differences that affect business transactions
- Develop international competitive strategies based on ethics and social responsibility that address social, economic, and environment needs in both the home and the host country.
- Communicate and work effectively with people from other countries and cultures
- Speak and write proficiently in at least one language other than one's native tongue.
- Integrate knowledge of different cultures to identify needs and evaluate management techniques that are appropriate for different countries.
- Demonstrate professional, persuasive, analytical, logical, and effective written and oral communications
- Integrate quantitative and qualitative skills to solve problems and support international business decisions
- Use accounting, economics, finance and other business data to solve international business problems and to support international business decisions.
- Investigate complex issues that affect international business and to formulate strategies to address these issues through critical thinking
- Use appropriate business tools and technologies in solving international business problems and presenting their solutions.
Networking & Professional Opportunities
- Attend conferences organized by the World Trade Center Institute and interact with regional business leaders and foreign Embassies staff.
- Collaborate with faculty on projects involving companies engaging in international business.
International Business Careers
- Marketing Manager
- Brand Manager
- Global Logistics Manager
- Project Manager
- Public Relations Specialist
- Training Specialist
- Labor Relations Manager
- Human Resource Manager
- Financial Analyst
- Sales Manager
- Import/Export Agent
- Management Analyst