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Economic and Business Development in Peru

Program Information | Costs | Orientation | Contact

Apply now!

Know the following program information, which you will provide on the online application: 

Country: Peru
Program Name: Economic and Business Development in Peru

Early application is strongly encouraged, as space is limited and the program will be filled on a first-come, first-served basis. Complete applications include an essay and unofficial transcript. A non-refundable application fee of $50 will be billed to your student account upon submission of an online application.

Program Information

• Study the economic, social, cultural, business and political environments in Peru and how they shape macroeconomics, industry and business relationships and outcomes.
  
• Visit organizations, businesses, think-tanks and governmental institutions to learn first-hand, the challenges, advantages and necessary skills to conduct business and formulate policy in developing nations.
  
• Explore Machu Picchu, one of the Seven Wonders of the World, to learn about the Incan Empire.

Explore the business climate and the economy in Peru. Learn the main theories and concepts that help explain the evolution of the Peruvian economy in the last 50 years; the improvement in business conditions and competitiveness in the last decade; and the economic issues and policies related to inequality, poverty, health and labor markets, microfinance and social responsibility. Attend lectures given by Peruvian faculty at the Universidad del Pacifico and then take part in field trips to bring the topic to life.  Experience various cultural activities that aid in understanding the differences in ways of thinking that lie behind business relationships and policymaking in this part of the world.

Live in colonial Lima, a city full of history and cultural heritage, on the Pacific coast. Wander around the Plaza Mayor, the main square at the heart of downtown. Walk to the San Francisco Convent, built during colonial times and still holds treasures from the Spanish era. Head to the Court of the Holy Office, established in 1569 to punish heresies and other offenses against the Catholic religion. Experience the Magic Water Circuit of Lima, a park full of impressive water fountains that combine movement, sound, light and images. Enjoy a night of Peruvian food and a live show of Peruvian dances, music and folklore at Brisas del Titicaca. Explore the handicraft markets, where hundreds of stalls line offer jewelry and antiques, weavings, ceramics, alpaca sweaters, and souvenirs.

Earn 3 credits in FST 4266, IntB 4495 Economic and Business Development in Peru.

Course topics include:

• Economic policies that focus on reducing income inequality and improving the living standards for the poor
• Evolution of the Peruvian economy, its business environment and the policies that have generated sustained growth in the last 20 years
• Economic phenomena that are inherent to developing countries, such as income inequality, poverty, microfinance and agribusiness

Participants MUST have a passport, valid for at least six months after their return to the United States.

Costs
Estimated program costs can be found here.

A non-refundable application fee of $50 will be billed to your student account upon submission of an online application. A deposit of $400 will be billed to your student account upon your confirmation of participation. The remainder of the program fee will be billed through Student Accounts Receivable.

Financial aid may be applied toward the cost of the program if you are enrolled as a full-time student. There are also study abroad scholarships for University of Minnesota students.

Orientation
At least two pre-departure orientations will be held. Pre-departure orientations will include information about financial aid, classwork and travel tips. A general study abroad handbook will be emailed prior to departure.

Familiarize yourself on financing, health and safety and policies to consider when studying abroad.

Contact
Contact the program leader, Luiggi Donayre for program or itinerary questions. For application or registration questions, contact Arianna Austin in the International Education Office.