International Business

The objective of the international business major is to prepare students for the increasingly competitive and interdependent international business world with which they must cope. It is absolutely necessary for American graduates to be fully informed about how to compete and do successful business outside the US as well as in the US market where much of their competition is from foreign firms.

Students will learn about business transactions between and within countries, exchange rates, the laws and logistics of international trade, and investments made in foreign markets. Knowledge of other cultures is crucial to being a successful international business person. Besides your studies in business, finance, banking, and the like, you will also learn about different cultures and societies. A major in international business will lead you to exciting careers in a global context.

Degree and Major Requirements

International Business Major

Business Core Requirements

Seven courses including:

  • ACC 221 – Introduction to Financial Accounting
  • ACC 222 – Introduction to Managerial Accounting
  • BUS 242 – Principles of Management
    •  or BUS 200 – Exploring Business as a Vocation
  • ECO 113 – Principles of Microeconomics
  • FIN 331 – Financial Management
  • MIS 260 – Problem Solving for Business
  • MKT 252 – Principles of Marketing

Required International Business Courses

Six courses including:

  • MIS 264 – Statistical Literacy for Managers
    •  or MIS 379 – Quantitative Methods for Business and Economics
  • BUS 362 – International Business
  • BUS 465 – International Management
  • ECO 112 – Principles of Macroeconomics
  • MKT 466 – International Marketing

One additional upper division course in either international business or international economics. Options include:

  • ECO 360 – International Economics
  • ECO 370 – International Economic Development
  • FIN 460 – International Finance

Students must also complete three semesters of a foreign language (or equivalent). This does not include American Sign Language. The language requirement may be waived for international students. Contact the International Business coordinator for details on language equivalents or other configurations, including transfer equivalencies.

Graduation Skills

Graduation skills in Critical Thinking (CT), Quantitative Reasoning (QR), Speaking (S), and Writing (W) are embedded throughout the offered courses and are met by completing the international business major.

Transfer students must consult an advisor about potential adjustments to their course requirements to fulfill each of these skills.

Note: All business majors are encouraged to take KEY 490 Vocation and the Meaning of Success to fulfill the Augsburg Core Curriculum Senior Keystone requirement.

Minor in International Business

Six courses including:

  • ACC 221 – Introduction to Financial Accounting
  • BUS 242 – Principles of Management
    •  or BUS 200 – Exploring Business as a Vocation
    •  or MKT 252 – Principles of Marketing
  • ECO 112 – Principles of Macroeconomics
    •  or ECO 113 – Principles of Microeconomics
  • Three courses in International Business (one may be in international economics). Options include:
    • BUS 362 – International Business
    • BUS 465 – International Management
    • ECO 360 – International Economics
    • ECO 370 – International Economic Development
    • FIN 460 – International Finance
    • MKT 466 – International Marketing

Students should consult the area coordinator concerning acceptable alternatives in international economics. For a complete list of courses and descriptions, see the Course Description Search.