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International Business

The challenges presented by an increasingly interdependent world economy are significant for all types and sizes of business organizations. To compete effectively in the global marketplace, leaders and managers must understand the function and relationship of economic systems and how they affect their businesses. The certificate in international business will give you the tools you need to identify and analyze the international economic realities and strategic practices that will help your company succeed.

In the certificate program, you will study the nature of international trade and the role of central banks and monetary policy; foreign exchange markets, interest rates, and capital flows; and the organizational structure and strategic management of international business. You’ll understand the impact and significance of trading blocs, strategic business alliances, and international organizations and be prepared to forecast for your business from a global perspective.

The certificate in international business can be completed in as little as 12 months through a course schedule of in-person classes or through a combination of online and face-to-face classes. You may also participate in the yearly School of Business and Nonprofit Management international experience trip; recent destinations include China, Argentina, and Finland. Options for scholarships and other financial aid help make your studies affordable—and all certificate courses can also be applied toward a degree, such as an MBA or master of management.

With small class sizes and respected professional faculty who will help you achieve your goals, our certificate programs are one of the options that the School of Business and Nonprofit Management offers to students committed to becoming successful, ethical business leaders.

Courses

These five classes are required for the certificate in international business. Click on a course title to read its description.

Review our semester schedules to see current offerings, including online and on-campus classes.

SBNM 5210 – Macroeconomics
This course studies the determinants of aggregate demand and aggregate supply, causes of economic recessions and recoveries, government policies that foster stability and growth, processes leading to inflation, the effect of inflationary expectations on interest rates and labor markets, and the effect of central bank policies on the value of the dollar. The course deals with the equilibrium level of employment and output, the differential impact of temporary and permanent changes in policy on the equilibrium values of macro variables, the distinction between policy actions and rules, and the connection between fiscal and monetary policy.

SBNM 5211 – Global Economics
This course studies the basis for international trade, and how global exchanges of resources take place. The course studies the changing patterns of trade between nations in various regions of the world. The competition of nations in global markets and the strategic positions of business firms within international markets are analyzed. The course studies both developed nations as well as the newly industrializing countries representing emerging markets. The nature and goals of regional economic alliances are presented, and the role played by national governments in shaping global trade is discussed. The course explains differences in technology exchanges between nations.

SBNM 5560 – Managing International Business I
This course is concerned with the international business environment, the strategy of international diversification, and the management of multinational enterprises. It examines the firm's motivation for international expansion, and the choices for entering foreign markets. It deals with exporting, licensing, acquisitions, and joint ventures. The course covers special functional, cultural, political, legal, and organizational issues raised by the operation of an international business. The codes of conduct for multinational corporations and international managers are stressed.

SBNM 5561 – Managing International Business II
Students will have the opportunity to more closely analyze the activities of multinational companies on an individual level. The issues encountered will not only be of a business nature per se, but will also have a multicultural focus and relate to economics, culture, and politics. The case study method will be implemented, and students will be expected to explore key issues through a team-based approach. Team analysis and reports will be open to the review and critique in order to refine analysis and to promote decision making.

SBNM 5570 – International Business Experience
This is a study/travel course designed to expose the student to an in-depth study of foreign culture, economy and specific businesses within that economy. Students are presented with comparative analyses of the economy and culture to be visited, and international business relationships pertaining to that economy. Students attend class sessions preparing them for the travel experience; and maintain a journal during the approximately one week of travel and visits to various institutions. The experience culminates in an analytical paper about some aspect of the experience.

Gainful Employment Information

North Park University is required to provide detailed information about the gainful employment of our students who enroll in School of Business and Nonprofit Management certificate programs. These disclosures will assist students in making informed enrollment decisions with regards to the possible employment opportunities that accompany each of the certificate programs.

International Business Certificate