Business Institutions Minor
The minor in business institutions requires the successful completion with a grade of C– or above of 11 courses:
- 4 prerequisite courses in mathematics, statistics, and economics
- 4 business tools courses
- 1 writing and speaking course
- 2 social sciences and humanities electives
Before declaring the minor students must complete the 4 prerequisite courses with a grade of C- or higher, or have equivalent AP course credit posted to their academic record.
See more details about the minor. Interested students should consult a program adviser or visit the program office for additional information.
Requirements for the minor in Business Institutions
| Course | Title |
|---|---|
| Prerequisites (4 units) | |
| ECON 201-0 | Introduction to Macroeconomics |
| ECON 202-0 | Introduction to Microeconomics |
| STAT 210-0 | Introduction to Probability and Statistics (or equivalent) 1 |
| MATH 218-1 | Single-Variable Calculus with Precalculus |
| or MATH 220-1 | Single-Variable Differential Calculus |
| Minor Requirements (7 units) 2 | |
| 4 business tools courses: 3 | |
| Accounting | |
| Marketing Management | |
| Leadership in Organizations | |
| Corporate Finance (or equivalent) 4 | |
| 1 writing and speaking in business course: 5 | |
| Writing and Speaking in Business | |
| 2 social sciences and humanities electives that have business institutions and practices as a central focus of inquiry, chosen from the list below. See the program website for newly approved courses and other updates. | |
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Equivalents include BMD_ENG 220-0 Introduction to Biomedical Statistics, CHEM_ENG 312-0 Probability and Statistics for Chemical Engineering, ELEC_ENG 302-0 Probabilistic Systems, IEMS 201-0 Introduction to Statistics, IEMS 302-0 Probability,MATH 310-1 Probability and Stochastic Processes, MATH 311-1 MENU: Probability and Stochastic Processes, MATH 314-0 Probability and Statistics for Econometrics, MATH 385-0 Probability and Statistics for MMSS, PSYCH 201-0 Statistical Methods in Psychology, POLI_SCI 312-0 Statistical Research Methods, SESP 210-0 Introduction to Statistics and Research Methodology, STAT 202-0 Introduction to Statistics and Data Science, and STAT 383-0 Probability and Statistics for ISP.
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None of the 7 courses may be double-counted toward any major, minor, or certificate except as a related course for a major. Double-counting permitted with a home-school distribution requirement, foundational discipline, US or global perspectives, or advanced expression requirement.
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With advance approval of the program director a total of only one non-Northwestern course, course credit from study abroad, or a course offered by Northwestern's School of Professional Studies (SPS) may count as a business tools course for the minor. Special accommodations may be made for transfer students.
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Equivalents include ECON 360-1 Foundations of Corporate Finance Theory and KELLG_FE 310-0 Principles of Finance.
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Students completing majors in English, History, or Philosophy, may petition the program director to waive this requirement. However, these students are strongly encouraged to consider taking ENGLISH 282-0 Writing and Speaking in Business because it covers communications skills related to the business environment that may not be covered in writing-intensive courses in other disciplines.
Approved Social Science & Humanities courses for the minor
| Course | Title |
|---|---|
| ANTHRO 240-0 | Anthropology of Money |
| BUS_INST 321-0 | Business and Economic Institutions in Historical Perspective |
| BUS_INST 331-0 | Real Estate Finance & Investment |
| CHINESE 212-0 | Chinese in Business Practice 1 |
| CHINESE 312-1 | Chinese in Business Practice 2 |
| CHINESE 312-2 | Multinational Corporations in China |
| COMM_ST 274-0 | Power in Entertainment |
| FRENCH 309-0 | French For Professions |
| GERMAN 209-0 | German in the Business World |
| GERMAN 309-1 | The German Market and the Globalized Economy |
| GERMAN 309-2 | Germany, Inc.: Marketing and Corporate Social Responsibility |
| HISTORY 325-0 | History of American Technology |
| ITALIAN 206-0 | Business Italian |
| LEGAL_ST 206-0 | Law and Society |
| LEGAL_ST 315-0 | Corporation in US Law and Culture |
| PHIL 275-0 | Climate Change and Sustainability: Ethical Dimensions |
| PHIL 364-0 | Business and Professional Ethics |
| POLI_SCI 341-0 | International Political Economy |
| POLI_SCI 348-0 | Globalization |
| POLI_SCI 374-0 | Politics of Capitalism |
| PSYCH 387-0 | Consumer Psychology and Marketing Research |
| RTVF 310-0 | Television History |
| RTVF 314-0 | History of the Recording Industry |
| SOCIOL 206-0 | Law and Society |
| SOCIOL 215-0 | Economy and Society |
| SOCIOL 288-0 | Institutions and Society |
| SOCIOL 302-0 | Sociology of Organizations |
| SOCIOL 316-0 | Economic Sociology |
| SOCIOL 324-0 | Global Capitalism |
| SOCIOL 330-0 | Law, Markets, and Globalization |
| SOCIOL 331-0 | Markets, Hierarchies & Democracies |
| SOCIOL 335-0 | Sociology of Rational Decision Making |
| SOC_POL 312-0 | Social Policymaking and Implementation |
| SOC_POL 331-0 | Economics of Inequality and Discrimination |
| SPANISH 206-0 | Spanish for Professions: Business |
| STAT 301-1 | Data Science 1 with R |
| STAT 301-2 | Data Science 2 with R |
| STAT 301-3 | Data Science 3 with R |
| Some variable-topic classes offered under ENGLISH, HISTORY, or HUM may also be applied; visit website or see adviser for details. | |
| One credit only may be from BUS_INST 394-LK, or internship-related credit, or ENTREP 3XX credit, or IMC 300-0. | |
| Excluding ECON 201-0 and ECON 202-0, economics courses may be applied to the Social Science & Humanities Electives by students who are NOT doing the major or the minor in economics. 1 | |
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Students earning a minor in economics may use ECON 300-level courses towards their Social Science & Humanities Elective requirement. Students earning a major in economics may not use any economics courses to fulfill their Social Science & Humanities Elective requirement.