International Business Program

General Information | Degree Requirements | Courses in International Business

Donald W. Reynolds Center, Room 205, (501) 569-3484, (501) 569-7021 (fax), Website, View/Download PDF Version

Program Coordinator:
Funk, Mark, Associate Professor

Professor:
Elder, Erick M.
Terry, H. Andy

Associate Professor:
Felan, Joe.

Assistant Professor:
Varela, Otmar

IBUS TripThe International Business major uses an interdisciplinary approach to study the intricacies of the international marketplace. This major focuses on the complexities and interconnections between the world’s markets and cultures. The goal is to prepare students to be managers in the twenty-first century.

A major in international business is valuable for positions with an international context in areas such as finance, purchasing, marketing, production, logistics and planning.

General Information

International Business Educational Objectives

Students completing the international business degree should accomplish the following educational objectives:

  • Understand the nature of international business.
  • Understand the major trends in the international trade and investment patterns between and among the major groups of nations and the theories purporting to explain these patterns.
  • Understand the nature of international organizations such as the United Nations, the International Bank for Reconstruction and Development (World Bank), International Monetary Fund, World Trade Organization, Organization for Economic Cooperation and Development and their effects on business.
  • Understand the major financial, economic/socioeconomic, physical, environmental, socio-cultural, political, legal, labor, competitive, and distributive forces affecting international business.
  • Understand the export and import practices, terminology, and documentation.
  • Understand the functional areas of business economics, marketing, human resources, finance, operations, and control of international business.

Bachelor of Business Administration in International Business

General: (120 total minimum hours, including 45 hours upper-level courses (3000-4000 level) and 30 hours in residence; students must complete at UALR at least 50 percent of the major department degree requirements and at least 50 percent of all COB courses required for a business degree)

First-Year Colloquium (0-1 hours)

Required of full-time freshmen entering college for the first time and transfer students with less than 12 hours of credit. (See page 36 for details.) BSAD 1100 recommended.

Core (44 hours)

See page 25 for requirement details.

Second Language Proficiency

(Prerequisite courses for intermediate level work required in the degree are not included in the degree hours)

Major (75 hours)

Pre-business Courses (24 hours)

    MATH 1342 Business Calculus
    ACCT 2310 Principles of Accounting I
    ACCT 2330 Principles of Accounting II
    ECON 2310 Business Statistics I
    ECON 2322 Principles of Microeconomics
    ECON 2323 Principles of Macroeconomics
    MGMT 1310 Fundamentals of Information Technology
    MKTG 2380 Legal Environment of Business

Professional Business Studies Foundation (24 hours)

    ECON 3355 Quantitative Business Analysis
    FINC 3310 Business Finance
    MGMT 3300 Organizational Behavior and Management
    MGMT 3304 Production/Operations Management
    MGMT 3305 Management Information Systems
    MGMT 3380 Business Communication
    MGMT 4380 Business Strategy and Policy
    MKTG 3350 Principles of Marketing

Emphasis Area (30 hours)
Required International Business Courses

Demonstrate Second Language Proficiency (9 hours):

    Option 1:
    Completion of SPAN 2311, 2315, 3311 or FREN 2311, 2315, 3311 or equivalent foreign language courses. Students may take a placement test (S-CAPE or F-CAPE).
    Option 2:
    For students whose first language in not English, completion of RHET 1311, RHET 1312, and one of ENGL 2337, ENGL 2338, or PHIL 2320

International Business Required Courses (15 hours):

    ECON 4320 International Economics
    FINC 4330 International Finance
    MGMT 4377 International Management
    MKTG 4320 International Marketing
    IBUS 4316 Field Study in International Business
    or IBUS 4390 Co-operative Education

International Business Electives – one course (3 hours) from:

    ACCT 3311 Intermediate Financial Accounting I
    ACCT 4316 International Accounting
    ECON 4355 Applied Econometrics
    FINC 4362 Derivatives
    MKTG 4310 Marketing Research
    MGMT 3320 Human Resources Management
    MGMT 3340 Applied Organizational Behavior
    MGMT 4361 New Venture Creation
    MGMT 4377 International Management
    MGMT 4365 Business Consulting
    MGMT 4378 Global Operations Management
    NOTE: other courses as approved by coordinator

Demonstrate Cultural Awareness (3 hours):

    Option 1, Available to U.S. Residents:
    FREN 3334 French Culture and Civilization I
    GERM 3334 German Culture and Civilization
    SPAN 3334 Hispanic Culture: Penisular
    SPAN 3335 Hispanic Culture: Americas
    HIST 3317 Twentieth Century Europe
    HIST 3328 Modern France
    HIST 3331 Modern Germany since 1806
    HIST 3372 History of Latin America: Republic Period
    HIST 3375 Modern Mexican History
    HIST 4378 The History of U.S. – Latin American Relations
    POLS 3360 Comparative Government: Western
    POLS 3370 Comparative Politics: Developing Areas
    POLS 4380 International Relations
    NOTE: other courses as approved by coordinator
    Option 2, Available Only for non-U.S. Resident Students
    HIST 3358 Recent America
    HIST 4350 The United States and the Middle East
    HIST 4354 The New South
    HIST 4364 History of American Enterprise
    HIST 4365 Modern US Culture
    HIST 4378 History of US-Latin American Relations
    POLS 3320 The American Presidency
    POLS 3325 Legislative Process
    POLS 4320 American Foreign Policy
    POLS 4331 International Organizations
    SPCH 4312 Intercultural Communication
    NOTE: Other courses as approved by coordinator

Minor (none required)

Unrestricted General Electives

Remaining hours, if any, to reach 120 minimum total hours, 45 hours of upper-level courses (3000-4000 level), or 30 hours in residence.


Courses in International Business

IBUS 4314 International Business Strategy
Prerequisites: ECON 4320, FINC 4330, MGMT 4377, and MKTG 4320 or consent of the instructor. An integrated course that explores the key tasks facing international business managers including financial, managerial and marketing objectives and strategies. Heavy emphasis placed on decision-making and developing skills necessary for conduction international business. Course work will be project based and case analysis. Three credit hours.

IBUS 4316 Field Study in International Business
Prerequisite: Junior standing; repeatable subject to consent of International Business Program Coordinator. This course includes an international trip which provides students an opportunity to explore firsthand the international dimensions of business, to identify and pursue strategic issues in businesses, and to gain an awareness of how cultural, economic, political, and legal environments influence business practices. Prior to travel, students study and prepare reports on the country to be visited and upon return, prepare reports of their experiences, comparing pre- and post-visit perceptions. This course has a fee to cover travel costs and host institution charges. If course is repeated, travel must be to a different country. Three credit hours.

IBUS 4390 Cooperative Education
Prerequisite: 6 hours from ECON 4320, FINC 4330, IBUS 4316, MKTG 4320, MGMT 4377 and consent of the IBUS coordinator. Designed to complement and extend the classroom learning experiences through the application of theories and concepts in a professional work environment. A deliverable project, designed in consultation with a faculty member, and a minimum of 200 hours with a participating employer during the semester are required.
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