Master of Arts (MA) in International Business
The international business curriculum is designed to enable the student to examine and understand the complexities and processes involved in the international business community. Coursework provides exposure to the historical, legal, political, and economic factors that are key elements in a study of this subject. The dynamics of conducting business in an international context are examined.
The 39 credit hours required for the master of arts (MA) in international business or the 66 credit hours required for the master of business administration (MBA) with an emphasis in international business must include the following courses for the degree:
- INTB 5000 International Business
- INTL 5000 Introduction to International Relations
- FINC 5000 Finance
- INTL 5400 International Political Economy
- INTB 5630 International Law and Business
- MNGT 5710 Cross-Cultural Management
- MRKT 5980 International Marketing
- BUSN 5220 Global Supply Chain Management
- INTB 5600 International Accounting
- FINC 5840 International Finance
- INTB 5740 Global Topics #1 (1credit/ online only)
- INTB 5750 Global Topics #2 (1credit/ online only)
- INTB 5760 Global Topics #3 (1credit/ online only)
- INTB 6000 Integrated Studies in International Business or INTB 6250 Thesis
In addition, students are required to meet one of the following criteria:
1. A study-abroad course experience
2. A hybrid course experience
The student chooses elective courses offered in this major and/or from the program curricula of other majors. If the requisite course is waived, the student must choose an elective course from this major or from the program curriculum of another major. Students pursuing dual majors who have the requisite course(s) waived will complete only the remaining required courses for the dual majors.
The student is introduced to the language and terminology of international business and major international political and economic policies that affect modern international businesses. Special attention is given to fundamental concepts of international finance, accounting, law, management, and marketing.
INTB 5600 International Accounting
The student examines aspects of accounting operations within a multinational corporate environment. Key topics of analysis include foreign exchange exposure; translation of foreign-denominated financial statements; consolidated financial statements; transfer pricing; Foreign Corrupt Practices Act; and related tax and regulatory issues. Comparison of United States and foreign practices in areas such as financial standards and reporting, auditing, and performance measurements is examined. Prerequisite: BUSN 5600 or its equivalent.
FINC 5840 International Finance
Course content focuses on the environment in which the international financial manager operates. Students study the risks of doing business overseas and the tools available to minimize those risks. Foreign exchange risk, political risk, working capital management, long-term investments and financing, and accounting and control are examined within this context. Prerequisites: BUSN 5600, FINC 5000, or equivalents.
INTB 5630 International Law and Business
This course surveys trends and practices that are part of the process of adjudication across national boundaries. Students study the interrelationships among countries as these affect individuals and business organizations attempting to operate internationally. Course content focuses on transnational business activities.
INTB 5710 Cross-Cultural Management
The cultural, attitudinal, and behavioral differences that affect international business are examined. Course content focuses on the cultural differences between nations and how these differences affect social organizations. The management of multinational corporations from the perspective of environment, structure, process, and interfirm and intrafirm relations is considered.
INTB 5890 Issues in International Business: Microeconomics of Competitiveness
Microeconomics of Competitiveness (MOC) has been created at Harvard University in a multiyear development effort by Professor Michael E. Porter and the staff and affiliates of the Institute for Strategy and Competitiveness at Harvard Business School . This course is regularly taught at Harvard Business School and Harvard John F. Kennedy School of Government. As part of our future collaboration with the Institute for Strategy and Competitiveness at Harvard Business School as an affiliate institution, Prof Porter’s signature course is taught at Webster University Vienna’s master degree programs.
This course is concerned with the determinants of competitiveness and economic development viewed from a bottom up, microeconomics perspective. While sound macroeconomic policies, stable legal and political systems, and the accumulation of factors of production affect the potential for competitiveness, wealth is actually created at the microeconomics level. The strategies of firms, the vitality of clusters, and quality of the business environment in which competition takes place are what ultimately determines a nation or region's productivity.
This course covers both developing and advanced economies, and addresses competitiveness at the level of nations, states or cities within nations, clusters, and groups of neighboring countries. A major theme of the course is that competitiveness and economic development is affected by policies at all these levels.
MRKT 5980 International Marketing
Students are exposed to several aspects of international marketing. This includes the international marketing environment and the international marketing mix—product, pricing, distribution, promotion—as well as emerging issues in international trade such as trading blocs, trade barriers, and standardization/adaptation. Prerequisite: MRKT 5000 or permission of the instructor.
Capstone CourseINTB 6000 Integrated Studies in International Business
The student applies the principles learned from prior international business courses to selected case studies and research, with practical solutions to typical international business problems. Prerequisite: completion of all other required courses in this major.
INTB 6250 Thesis
The student completes a thesis project under the supervision of two faculty members. The thesis option is recommended for those considering graduate study at the doctoral level.