International Management
International Management, a program in the Businiess Group, is accredited by the Accreditation Council for Business Schools and Programs (ACBSP), a leading specialized accreditation association for business education.
The major in international management is designed to offer students an opportunity to broaden their perspectives to include the international aspects of management of business enterprise. A central objective is to train students interested in a career in international business by familiarizing them with the international operations of business enterprises and other institutions.
Students become familiar with the international economic and legal environment through a comprehensive review of international trade, foreign investment and the international monetary and legal systems. Students are further encouraged to develop a global perspective in their education by learning a foreign language, studying world geography, world politics and other courses with an international emphasis.
To complete the international management major successfully, the following course work is required:
- 48 credits in Business Core courses
- 9 credits of Skills Component courses
- 12 credits of International Management Major Requirements
- 12 credits of International Management Major Electives
- 6-8 credits in a Foreign Language other than the student's native language
- 34 credits of CORE Curriculum requirements
A minimum of 120 credits is required for graduation, the last 30 of which must be completed at La Roche University.
Summary of Requirements
Business Core Requirements: 48 credits
ACCT2003ACCOUNTING I
Credits (Min/Max): 3/3
The first of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a basic introduction to Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, and reporting accounting information. Topics include the accounting cycle, including financial statement preparation; merchandising operations, including inventory systems and cost flow assumptions; special journals; internal control systems; cash and bank reconciliations; and receivables and uncollectible accounts.
ACCT2004ACCOUNTING II
Credits (Min/Max): 3/3
The second of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of basic Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, reporting, using, and analyzing accounting information. Topics include long-lived assets, current and long-term liabilities, partnership and corporate equity transactions, the statement of cash flows, and ratio analysis.
ACCT2013MANAGERIAL ACCOUNTING
Credits (Min/Max): 3/3
An examination of the internal uses of accounting information, this course focuses on the relationship between accounting data and management's information needs in support of planning, controlling, motivating, and decision making. Topics include costing systems and behaviors; product costs, period costs, and overhead application methods; cost-volume-profit analysis; budgeting; standards and variance analysis; and managerial decision making.
ADMG1005MACROECONOMICS
Credits (Min/Max): 3/3
An introductory economics course focusing on the field of macroeconomics, including government spending, money, inflation, unemployment and taxes. Also included are brief sections on microeconomic and economic systems.
ADMG1006MICROECONOMICS
Credits (Min/Max): 3/3
An introductory economics course focusing on the field of microeconomics. Price, cost and production theory are covered in relation to competitive, monopolistic and oligopolistic industry structure. The field of labor economics is treated in some detail. Some advanced macroeconomics topics are also covered.
ADMG1018FUNDAMENTALS OF MANAGEMENT
Credits (Min/Max): 3/3
An introduction to the three major schools of management thought: the classical, the behavioral and the management science schools. The major emphasis is on the fundamentals of each school of thought and also on the integrative approach to management, drawing on the systems and contingency approaches.
ADMG2009BUSINESS LAW I
Credits (Min/Max): 3/3
This coure is an introduction to law and legal procedure. Contracts, their nature and requisites formation, operations, interpretation, discharge and remedies are discussed.
ADMG2018ORGANIZATIONAL BEHAVIOR
Credits (Min/Max): 3/3
This course provides an in-depth examination of organizational behavior from a macro-perspective. This course includes a review of the research on organizational structure, technology and the environment, as well as their relationship and the implications for effective organizational design. Also included in the course are discussions of organizational goals and effectiveness, organizational culture, organizational conflict and politics, and alternative organizational structure in the U.S. and abroad.
ADMG2025HUMAN RESOURCES ADMINISTRATION
Credits (Min/Max): 3/3
A study of the basics of human resources management including planning, recruitment selection, motivation and performance appraisal. Also treated are salary benefits systems and an introduction to EEOC and OSHA law.
ADMG4020OPERATIONS MANAGEMENT
Credits (Min/Max): 3/3
Study is given to the basic operations, functions and procedures. An analytical approach is utilized with emphasis on problem solving. Modern management science techniques such as linear programming, PERT and inventory control models are presented.
PREREQUISITES:
Reserved for JR/SR Only
ADMG4055SEMINAR - BUSINESS POLICY
Credits (Min/Max): 3/3
An intensive culmination and synthesization of the study of administration and management consisting of readings, case study and class discussion. The primary emphasis is on the development of the skills of strategic analysis from the viewpoint of the general manager.
PREREQUISITES:
Reserved for Senior Only
FINC3032FINANCIAL MANAGEMENT
Credits (Min/Max): 3/3
This course introduces external sources and processes of finance. Topics include time value of money, term structure of interest rates, risk return trade-off, discounted cash flow, ratio analysis, weighted average cost of capital, and capital budgeting.
FINC3036FINANCIAL INSTITUTIONS
Credits (Min/Max): 3/3
This course will provide an understanding of various types of financial markets and institutions that exist and operate in the U.S. economy. Topics include the Federal Reserve System, Monetary Polcy, and Interest Rates along with the impact at all three have on the state of the economy.
PREREQUISITES:
ADMG1005 & ACCT2004
INMT3039INTERNATIONAL BUSINESS MGMT
Credits (Min/Max): 3/3
An introduction to international business management with particular emphasis on the field of international finance and economics. In addition, the course deals with problems in the area of finance, marketing, production and organization, both from the perspective of the multinational corporation and the domestic corporation trading in international markets.
ISTC1010DIGITAL LITERACY
Credits (Min/Max): 3/3
This course addresses information and technological literacy in the digital age. Students will develop cognitive and technological competencies in both the discovery and evaluation of information, as well as the creation and dissemination of content, all within a digital context. Students will be introduced to a set of basic digital tools, but the focus will be placed on developing the ability to adapt to new and changing technologies in the future.
MRKT2021MARKETING MANAGEMENT (ADMG2021)
Credits (Min/Max): 3/3
A basic study of marketing systems in the American economy. This course includes, identifying the activities involved in the flow of goods among manufacturers, brokers, wholesalers, retailers and consumers. The nature of demand, buyer behavior, costs and pricing, sales strategies, promotions and techniques are presented.Cross-listed with ADMG2021
International Management Major Electives: 12 credits
CMET2003COMMUNICATION BETWEEN CULTURES
Credits (Min/Max): 3/3
This course begins with a focus study on communication factors which affect any cross-cultural interpersonal interaction. The students then survey specific differences between U.S. cultural customs and other of countries. Finally, the role of the media in intercultural relations is discussed.
GEOG2011WORLD GEOGRAPHY (INST2011)
Credits (Min/Max): 3/3
A study of the interactions between human beings and the land, and the influence of geography in shaping work and culture throughout the world. Cross-listed with INST2011
GEOG2012EUROPEAN GEOGRAPHY
Credits (Min/Max): 3/3
A study of the continent of Europe as a whole with an emphasis on its diversity of peoples, its resources, its advanced culture and its relatedness to the rest of the world.
GEOG3010CULTURAL GEOGRAPHY AND THE HUMAN MOSAIC (INST3010)
Credits (Min/Max): 3/3
The many ways in which humans have changed the face of the earth in response to culture is known as the human mosaic. The course applies the major themes of cultural geography to population, language, religion, agriculture and urbanism. A basic knowledge of world geography is assumed. Cross-listed with INST3010
INMT4051 INTERNSHIP I - INTERNATIONAL MANAGEMENT
Credits (Min/Max): 1/6
A field experience in an international management position under the direction of a field supervisor and a faculty member. The internship is designed to offer the student an opportunity to acquire work experience in an international business environment.
INMT4057INDEPENDENT STUDY - INTERNATIONAL MANAGEMENT
Credits (Min/Max): 3/3
The independent study is intended to give an opportunity to students with superior ability to pursue an area of study in international management that is very specific in focus and/or not covered in existing offerings.
INST2001GLOBAL POLITICS (POLI2001)
Credits (Min/Max): 3/3
This is an introductory course in the field of international relations, providing an overview of major theories and concepts of international relations and an historical background for contemporary world politics. Major topics include the contemporary international system, economic development, foreign policy behavior, international conflicts and international institutions. Cross-listed with POLI2001
INST3003INTERNATIONAL POLITICAL ECONOMY (ADMG3003)
Credits (Min/Max): 3/3
An overview of major theories of international political economy including a more detailed understanding of the fast growing economic and institutional infrastructure of the international system. Topics include the development of intergovernmental and non-governmental international organizations (IGOs and NGOs), international treaties and laws governing trade and business practices, and mechanisms for the resolutions of international disputes. Cross-listed with ADMG3003
POLI3021COMPARATIVE GOVERNMENT (INST3021)
Credits (Min/Max): 3/3
This course focuses on the government, policies and politics of different nation-states around the world, and investigates the political science approaches to studying government and politics in various areas of the world. The focus in not only on forms of governments, but also the major political and social factors that affect political change in different world areas, the relationship between states and societies, and the comparative study of democratic and non-democratic nations. Cross-listed with INST3021
RELS1003WORLD RELIGIONS (SLRS)
Credits (Min/Max): 3/3
This course examines the historical development together with the religious beliefs and practices of the major religions of the world including Hinduism, Buddhism, Jainism Sikhism, Confucianism, Taoism, Shinto, Judaism, Christianity, Islam and Zoroastrianism. The teachings of each religion regarding the Absolute, the world, the nature of humans, the problem facing humans, the solution of the problem for humans, Community and Ethics, Rituals and Symbols, and what happens after death will be studied. The course also includes an examination of the beginnings of religion in human history as well as the characteristics of tribal and national religions. (SLRS)
International Management Major Requirements: 12 credits
ADMG3003INTERNATIONAL POLITICAL ECONOMY (INST3003)
Credits (Min/Max): 3/3
An overview of the major theories of international political economy. Topics include the increasingly important role of global factors in the American economy, the international financial environment, international trade relations and economic development. Cross-listed with INST3003
INMT3049INT'L MKT AND EXPORT MGMT (MRKT3049)
Credits (Min/Max): 3/3
An upper level course focusing on key management functions in international marketing: entry strategies, product and pricing politics, financing, promotion and distribution. The course will also concentrate on export management that is the major international activity of most small and medium-sized companies. Cross-listed with MRKT3049
PREREQUISITES:
ADMG/MRKT2021
INMT4046INTERNATIONAL FINANCE
Credits (Min/Max): 3/3
A growing number of firms engage in various types of international financial transactions. This course focuses on international financial management issues such as foreign exchange markets, international capital markets such as Eurobond markets and international banks, international banking and international risk analysis.
INMT4048INTERNATIONAL LEGAL ENVIRONMENT (INST4048)
Credits (Min/Max): 3/3
This course introduces concepts of international laws of contracts, sales and negotiable instruments. It also provides an overview of problems related to dispute settlement in international business and governmental administrative conflicts that restrict commerce between residents of different nations. Cross-listed with INST4048
Skills Component: 9 credits (select MATH1030 or MATH1070)
ADMG3024PROFESSIONAL PRESENTATION
Credits (Min/Max): 3/3
This course is designed to provide students in the professional areas with training in preparing and giving professional presentations. Students will develop skills in audience/client assessment, research, presentation design and development, using presentation tools and presentation evaluation.
PREREQUISITES:
Reserved for JR/SR Only
MATH1030CALCULUS FOR BUSINESS, ECONOMICSAND MGMT SCIENCES
Credits (Min/Max): 3/3
A one-semester course in the differential and integral calculus of functions of a single variable. Emphasis on concepts and the skills of differentiation and integration with applications from Administration, Economics and Managerial Sciences.
MATH1040PROBABILITY AND STATISTICS
Credits (Min/Max): 3/3
The study of the fundamentals of probability theory with applications to natural and social sciences as well as to mathematics. Discrete and continuous distributions, sampling theory, linear correlation, regression, statistical inference, estimation and analysis of variance are included.
MATH1070FINITE MATHEMATICS FOR BUSINESS
Credits (Min/Max): 3/3
This course introduces MIST students to the non-statistical and non-calculus topics in mathematics that are most relevant to their majors. The major topics to be studied include some or all of the following: logic; set theory; relations, with applications to relational algebra and relational calculus; sequences, geometric series, and mathematics of finance; systems of linear equations and matrices; linear programming; probability; and game theory. Excel enhanced by Visual Basic for Applications is used throughout the course.