International Business Minor for Management and Accounting Majors
In today's global economy, domestic companies face competition not only from foreign firms but also from domestic multinational firms. The International Business Minor gives future managers the knowledge to understand how different countries' economic policies affect profits and operations of industry. International economics applies the fundamental tools of economic analysis to international trade and investment between nations.
Sample areas of study include:
- competitive advantages from trading
- factors that influence who sells what to whom
- economic consequences of government policies such as subsidies and limits on imports
- exchange rate determination
- international capital markets
- international policy coordination to enhance trade between nations
Career Implications
The International Business Minor provides an excellent background for general managerial positions, especially within multinational corporations. Degree recipients will gain competitive advantage in the workplace by being able to understand and apply graphical analyses and mathematical modeling for forecasting and problem solving. A cross section of public and private sector positions in which this minor is useful includes:
- banks, insurance companies, stock brokerage and real estate firms
- wholesale and retail sales operations
- manufacturing and service corporations
- state and local government agencies
- research agencies
- high school teaching
- politics, law and social service