The economics minor is chosen by many engineering majors and by students majoring in business subjects other then economics, as well as by others. To earn a minor in economics, at least 18 credits of economics course-work is required. More and more businesses in the United States have contacts with customers or sources of supply abroad. An increasing proportion of American business output is sold to foreign buyers. A growing percentage of materials used to make products in the U.S. come from outside its boundaries.
Similar trends exist in most nations.
Business transactions frequently involve a payer in one nation and a payee in another. Investment and lending are increasingly international in character. To help deal with the globalization of the world market, business firms and government agencies need employees knowledgeable about foreign trade, payments, investment global marketing and management. The program in International Business in the college of Business Administration and Economics is designed to prepare students to meet this increasing need. Students acquire the skills and knowledge of the general business degree plus the extra familiarity with international business operations.