The Graduate School of Business

Transcription

1 310 Willard J. Walker Hall University of Arkansas Fayetteville, AR Telephone: Fax: Web: gsb.uark.edu OBJECTIVES The Graduate School of Business has as its objective the advancement and dissemination of knowledge in the business and organizational disciplines through scholarly research and excellence in its graduate management education programs. ADMISSION Anyone who wishes to earn graduate-level credit, whether as a degreeseeking student or as a non-degree seeking student, must make formal application and be officially admitted by the Graduate School of Business. The Graduate School of Business offers two classifications of admission: Degree Standing and Non-Degree Standing. 1. Degree Standing The Graduate School of Business shall admit only those applicants to Degree Standing whose enrollment the Graduate School of Business considers will contribute positively to the quality of life and educational programs of the Graduate School of Business. Unlike the Graduate School, students are simultaneously admitted to the Graduate School of Business and a degree program. 2. Non-Degree Standing The Graduate School of Business will admit applicants to single semester Non-Degree Standing whose enrollment will not lead to a degree. Application. Applications for admission to the Graduate School of Business must be accompanied by a $40 application fee ($50 for international applicants), which is not refundable and will not apply against the general registration fee if the applicant enrolls. Applicants will not be considered for 168 admission until all required application materials have been received by the Graduate School of Business. Applicants who are seeking a graduate degree must submit the following items: 1. Application form 2. Application fee ($40 domestic; $50 international) 3. Current resume 4. Three letters of recommendation 5. Official transcripts from each college or university attended 6. Two one-page essays 7. Official GMAT score (M.B.A., M.Acc., and M.I.S.; Ph.D. concentrations: Accounting, Finance, Information Systems, Management, Marketing) 8. Official GRE score (M.A. Economics and Ph.D. Economics) 9. Official TOEFL or IELTS score (international applicants only) 10. Financial and Supplemental Information form (international applicants only) 11. Educational Summary form (International applicants only) Applicants are encouraged to use our online application procedure. The application form may be obtained on the Web at or the application packet may be obtained from and should be submitted directly to the following address: GRADUATE SCHOOL OF BUSINESS 310 Willard J. Walker Hall University of Arkansas Fayetteville, AR Telephone: Fax: gsb@walton.uark.edu Web: Transcripts: For applicants who desire Degree Standing: It is the responsibility of each applicant who desires full graduate standing to request of each college or university at which the student has previously attended that it send directly to the Graduate School of Business one official copy of the student s academic record including all courses, grades, and credits attempted and indication of degree(s) earned. Note: The fact that courses completed at one institution may be included on a transcript from another institution will not suffice; official transcripts must be received from each institution previously attended. All transcripts be-

2 come the property of the Graduate School of Business and will not be released to the applicant or to any other person, institution or agency. All application materials, including all official transcripts, should be received by the Graduate School of Business by the published application deadline for the program for which the student is applying. For students previously enrolled or currently enrolled at the University of Arkansas, Fayetteville, the Graduate School of Business obtains transcripts from the Registrar s Office. For a graduate of the (baccalaureate degree), the only transcripts required are those from the University of Arkansas, Fayetteville, and those from each institution attended after completing the, degree. Anyone who was previously enrolled, but who is not currently enrolled in the University of Arkansas Graduate School of Business, is considered a readmission and is required only to submit an Application for Admission, a $25 processing fee, and official transcripts from institutions attended after the University of Arkansas Graduate School of Business enrollment. (See Classification of Admission: Readmission below.) Deferred Admission: Admission to the Graduate School of Business is for a specific semester only and admission is not deferred. Applicants who wish to change their date of entry after submitting an application must notify the Graduate School of Business Office. Applicants who have already been admitted but who would like to change their date of entry must request that their application be held for consideration. Application materials for applicants who apply for admission, but who do not subsequently enroll, will be retained by the Graduate School of Business Office for one calendar year from the date of the applicant s original proposed semester of entry. However, applicants must file a new Application for Admission to notify the Graduate School of Business of their request for reconsideration. Applicants who are admitted but who do not enroll for one year or more after admission must resubmit the entire application packet and follow procedures for initial admission. Admission to Degree Standing: Official notice of the decision concerning admission will be sent from the Graduate School of Business for admission to the Master of Business Administration, Master of Accountancy, Master of Arts in Economics, and Master of Information Systems programs as well as all Ph.D. programs. Adviser: At the time of admission to a degree program in the Graduate School of Business, the student is assigned to a major adviser who acts as the adviser throughout the student s program of study. The appointment of the adviser is made in the student s major department. International and Resident Alien Applicants: International applicants and resident aliens must submit a minimum score of 550 on the paper-based Test of English as a Foreign Language (TOEFL), 213 on the computer-based version of the TOEFL, 79 on the Internet-based TOEFL or a minimum score of 6.5 on the International English Language Training System (IELTS) taken within the preceding two years, unless their native language is English, they have received a graduate degree from an accredited U.S. graduate school, or they have demonstrated an acceptable level of language proficiency as defined in the Graduate School Handbook located on the Graduate School Web site. International applicants and resident alien applicants may refer to Admissions of this catalog for additional information related to their application. Non-Native Speakers of English. All applicants, regardless of citizenship, whose first language is not English, must submit a minimum score of 6.5 on the International English Language Testing System (IELTS) or 79 on the Internet-based Test of English as a Foreign Language (TOEFL) or a 58 on the Pearson Test of English-Academic (PTE-A) taken within the preceding two years, unless they have received a graduate degree from an accredited U.S. graduate school, or they have demonstrated an acceptable level of language proficiency as defined in the Graduate School Handbook located on the Graduate School Web site. Students applying to a Ph.D. program in the Sam M. Walton College of Business must submit one of these tests at the time of admission. Resident aliens must submit a copy of their Resident Alien card with their application. Additional Language Requirement for Doctoral Students: Doctoral students are normally called upon to teach an undergraduate course at some point during their program. The University of Arkansas and the Walton College of Business are committed to providing quality instruction at the undergraduate level. Non-native speakers of English, regardless of citizenship, must demonstrate competency in spoken English by submitting a test score of at least 7 on the IELTS (speaking) sub-test, 26 on the Internet-based TOEFL (speaking) sub-test, 71 on the PTE-A (speaking) sub-test, or pass on the Spoken Language Proficiency Test (SLPT) to be eligible for a graduate assistantship that requires direct contact with students in a teaching or tutorial role. In no case will a doctoral student be allowed to teach an undergraduate course without meeting the minimum score requirement on one of the above tests. The Walton College of Business requires that scores demonstrating competency in spoken English be submitted as a part of the application, prior to review by the admissions committee. English Language Use by Non-Native Speakers. Applicants, regardless of citizenship, whose first language is not English and who are admitted to gradu-ate study at the University of Arkansas, are required to present an acceptable score on one of the following tests: TOEFL (Writing), IELTS (writing), PTE-A (writing), GRE (analytical writing), GMAT (analytical writing) or ELPT (writing). Depending upon exam scores, a student may be required to take one or more EASL course(s) during their first term of study. Students may be required to take the English Language Placement Test (ELPT) prior to the beginning of classes in their first term of study. Non-native speakers in the following categories are exempt from this requirement, although individual departments may re-quire any of these tests for admission. 1. Graduate students who earned bachelor s or master s degrees in U.S. institutions or in foreign institutions where the official and native language is English; 2. Graduate students with an Internet-based TOEFL writing score of 29, IELTS (writing) score of 7.0. or a PTE-A writing score of Graduate students with a 4.5 on the analytical writing portion of the GRE or GMAT. Diagnostic and placement testing is designed to test students ability to use English effectively in an academic setting, and its purpose is to promote the suc-cess of non-native speakers in completing their chosen course of study at the University of Arkansas. Test results provide the basis for placement into English as a Second Language (EASL) support courses or course sequences. Courses are offered by the Department of World Languages, Literatures and Cultures for those students whose language skills are diagnosed as insufficient for college work at the level to which they have been admitted (undergraduate or graduate study). Credit in EASL courses does not count toward University of Arkansas degrees. Non-native speakers diagnosed as having language competence sufficient for their level of study will not be required to enroll in EASL courses. The ELPT is administered by Testing Services during New Student Orientation and there is a $15 charge. Graduate students assessed course work as a re-sult of performance on the ELPT, TOEFL writing, IELTS writing, PTE-A writing, GRE or GMAT analytical writing will be required to complete the EASL course(s) to support initial course work taken in their fields. Graduate departments/degree programs will have the discretion to waive either the requirement for the language evaluation or the required language courses. The publication, International Student Information, is available from the Graduate and International Admissions Office, 346 N. Arkansas Avenue, STON 50, 1, Arkansas Classifications of Admission to Graduate Standing The Graduate School of Business admits students as either degree-seeking 169

3 or as non-degree-seeking for a single semester. Degree-seeking students are simultaneously admitted to the Graduate School of Business and to the degree program in which they are seeking a degree. Each degree program in the Walton College has its own minimum admissions criteria. Meeting the minimum criteria listed below does not imply that admission will be granted. The minimum requirements for admission to the Graduate School of Business are as follows: Degree-Seeking/Regular Standing 1. A grade-point average of 2.70 or better (A = 4.00) on all course work taken prior to receipt of a baccalaureate degree from a regionally accredited institution of higher education and an acceptable GMAT or GRE score. 2. A grade-point average of 3.20 or better on the last 60 hours of course work taken prior to the receipt of a baccalaureate degree from a regionally accredited institution of higher education and an acceptable GMAT or GRE score. Degree-Seeking/Conditional Standing 1. A grade-point average between 2.50 and 2.69 on all course work taken prior to receipt of a baccalaureate degree from a regionally accredited institution of higher education, acceptable GMAT or GRE score. 2. Approval of the Associate Dean for Research and Graduate Programs, on condition that the student makes a cumulative grade-point average of 3.00 or better on the first 12 hours of graduate-level course work in the degree program and meets any other conditions that may be specified by the faculty of the department or program. Any other consideration for regular admission must be by individual petition to the Associate Dean for Research and Graduate Programs and, where pertinent, a recommendation from the appropriate departmental chair will be considered on its own merits, case by case. Non-Degree Seeking, Single Semester. Students admitted to a single semester non-degree standing must understand that any enrollment taken in this classification will not normally carry degree credit. Transcripts are not required for applicants seeking this single semester non-degree standing. Persons who are admitted as non-degree seeking and who subsequently decide to pursue a degree must apply for and be admitted into a degree program by the appropriate admissions committee of the Graduate School of Business. A non-degree seeking student may take no more than six semester hours of graduate-level courses that can be counted toward the requirements for a master s degree. Students in the Information Systems ERP Certificate Program (sponsored by SAP America) and the Business Intelligence Certificate (sponsored by SAS Institute) and who are subsequently accepted into the Master of Information Degree Program will be allowed to use up to 12 graduate hours taken as a nondegree seeker toward the MIS degree. At the time of acceptance into a degree program, the director of the appropriate degree program will recommend to the Graduate School of Business which courses previously taken, if any, are to be accepted in the degree program. Letter of Good Standing. A graduate student who is in good standing at another regionally accredited institution in the United States may be given admission (non-degree status) to the Graduate School of Business for one semester upon submission of an Application for Admission and a letter of good standing from the dean of the Graduate School at that institution. If, at some time in the future, the student should wish to pursue a degree in the Graduate School of Business or in the University of Arkansas Graduate School, it will be necessary to follow the normal procedures for admission and to have official transcripts sent from each institution previously attended. Graduate courses transferred and used for requirements for a degree at another university cannot 170 be used for a graduate degree at this institution. Readmission: Readmission to the Graduate School of Business is not automatic. A student who has not been enrolled during the previous semester (fall or spring) must submit a new application form to the Graduate School of Business along with a $25 processing fee and an official transcript from any institution attended while not enrolled in the Graduate School of Business. At the time of readmission, the appropriate admissions committee will determine whether to readmit the student and which classes taken during previous enrollments at the Graduate School of Business will be counted toward graduation. Transfer of Credit. The Graduate School of Business will allow transfer of credit of a maximum of six credit hours under the following circumstances: 1. the hours were earned at an AACSB-accredited school, and 2. the student earned an A or B in the courses requested for transfer credit, and 3. the master s program coordinator approves the courses for credit toward a master s degree. 4. the student must have graduate standing and the course(s) must be graduate level. REGISTRATION AND RELATED TOPICS The Graduate School s stance on full-time status is thus: Enrollment in nine semester hours (not including audited courses) is considered full-time for graduate students not on assistantship. For graduate assistants or students with research fellowships on 50 percent appointment or more, six semester hours (not including audited courses) of enrollment is considered full-time in the fall and spring semesters. Graduate assistants who are on a 50% appointment for a six-week summer term must earn at least three hours of graduate credit during the summer. However, these credits do not have to be earned in the same session as the appointment, and may be taken at any time during the summer. Tuition and fees for graduate assistants on 50% appointments for a six-week summer term will be paid up to a maximum of 4 hours. Students not on graduate assistantships or fellowships must be enrolled in six hours (not including audited courses) to be full time in the summer. The Graduate School of Business adheres to the guidelines as set forth above with the exception of full-time status noted below. Full-Time Status Enrollment in 9 semester hours (not including audited courses) is considered full-time for graduate students unless otherwise specified by individual degree programs. For full-time enrollment in the summer, consult the Graduate School Handbook, available on the Graduate School Web site, uark.edu/. GRADES AND MARKS Final grades for courses are A, B, C, D, and F (except for courses taken in the Bumpers College of Agricultural, Food, and Life Sciences). No credit is earned for courses in which a grade of F is recorded. For students admitted to the Graduate School in Fall 2001 or after no credit is earned for courses in which a grade of F or D is recorded. A final grade of F shall be assigned to a student who is failing on the basis of work completed but who has not completed all requirements. The instructor may change an F so assigned to a passing grade if warranted by satisfactory completion of all requirements. A mark of I may be assigned to a student who has not completed all course requirements, if the work completed is of passing quality. An I so assigned may be changed to a grade provided all course requirements have

4 been completed within 12 weeks from the beginning of the next semester of the student s enroll ment after receiving the I. If the instructor does not report a grade within the 12-week period, the I shall be changed to an F. When the mark of I is changed to a final grade, this shall become the grade for the semester in which the course was originally taken. A mark of AU (Audit) is given to a student who officially registers in a course for audit purposes (see Registration for Audit). A mark of CR (credit) is given for a course in which the University allows credit toward a degree, but for which no grade points are earned. The mark CR is not normally awarded for graduate-level courses but may be granted for independent academic activities. With departmental (or program area) approval and in special circumstances, up to a maximum of six semester hours of CR may be accepted toward the requirements for a graduate degree. A mixing of course letter grades and the mark CR is permitted only in graduate-level courses in which instruction is of an independent nature. A mark of R (Registered) indicates that the student registered for master s thesis or doctoral dissertation. The mark R gives neither credit nor grade points toward a graduate degree. A mark of S (Satisfactory) is assigned in courses such as special problems and research when a final grade is inappropriate. The mark S is not assigned to courses or work for which credit is given (and thus no grade points are earned for such work). If credit is awarded upon the completion of such work, a grade or mark may be assigned at that time and, if a grade is assigned, grade points will be earned. A mark of W (Withdrawal) will be given for courses from which students withdraw after the first 10 class days of the semester and before the drop deadline of the semester. For numerical evaluation of grades, A is assigned 4 points for each semester hour of that grade; B, 3 points; C, 2 points; D, 1 point; and F, 0 points. Grades of plus and minus are assigned grade-point values in the Bumpers Col lege of Agricultural, Food, and Life Sciences. ACADEMIC DISMISSAL Students may be dropped from further study in the Graduate School of Business if, at any time, their performance is considered unsatisfactory as determined by either the program faculty or the Senior Associate Dean of the Walton College of Business. Academic or research dishonesty or failure to maintain a specified cumulative grade-point average are considered to be unsatisfactory performance. The Graduate School of Business subscribes to and enforces the Academic Integrity Policy of the University of Arkansas. For students enrolled in the Master of Accountancy, Master of Arts in Economics, Master of Business Administration, or Master of Information Systems degree programs, the following academic standards apply: Whenever a student has less than a 3.00 cumulative grade-point average on graded course work taken in residence for graduate credit, the student will be placed on academic probation and warned of the possibility of academic dismissal. If the student fails to bring his/her cumulative grade-point average up to or above a 3.00 at the conclusion of the next grading period, he/she will be academically dismissed from the program. For students enrolled in the Master of Business Administration degree program, this additional academic standard applies: Any student who earns more than six hours of grades of C or lower in graduate courses taken to fulfill requirements for the Master of Business Administration degree will be academically dismissed. Using its own written procedures, the graduate faculty of each master s degree program may recommend that the student be readmitted to the Graduate School of Business. The graduate faculty of the master s degree programs may establish, and state in writing, the requirements for continuation in that program. Non-degree seeking students who are dismissed may petition for readmission to the Graduate School of Business by submitting a written appeal to the Associate Dean for Research and Graduate Programs. A cumulative grade-point average of 3.00 is required to be eligible for graduation. Students may take up to an additional six credit-hours of graduate coursework in an effort to raise the cumulative grade-point average to Students who repeat a course to raise their grade must count the repetition toward the maximum of six additional hours. All requirements for a master s degree must be completed within six calendar years. ACADEMIC INTEGRITY I. Preamble: As a community of scholars, we uphold academic integrity and our Honor Statement as foundational to appropriate conduct within the university setting. The fundamental trust that work presented as one s own truly represents one s own intellect and effort underlies our mission as an educational, research and service institution; moreover, this trust is central to our peers recognition of the value of a University of Arkansas degree. Thus, this document represents a deeply- and commonly-held set of values. Because this trust is so essential to the enterprise of the University of Arkansas, this policy has been established to set forth the University s commitment to academic integrity and to create procedures to address allegations of academic misconduct in a fair and unified manner. Responsibility for understanding and adhering to the values of academic integrity, including being familiar with and complying with this policy, lies with individual students as members of the University community. The University shall assist students in meeting this responsibility through educational efforts such as training held during both undergraduate and graduate new student orientation, and on-line training modules, and may also include training during program-level orientation and in individual classrooms. The University shall also provide a statement on academic integrity that faculty will be encouraged to include in all course syllabi. Again, however, as developing scholars, students must take the initiative to familiarize themselves with and clarify expectations regarding academic integrity. II. Definitions: Academic Dishonesty: Academic dishonesty involves acts that may subvert or compromise the integrity of the educational or research process at the University of Arkansas, when such acts have been performed by a UA student. Academic dishonesty includes, but is not limited to, any act by which a student gains or attempts to gain an academic advantage for him/herself or another by misrepresenting his/her or another s work or by interfering with the independent completion, submission, or evaluation of academic work. Academic dishonesty may include those acts defined as research or scholarly misconduct; such academic integrity issues are subject to review under this policy as well as under the University s Research and Scholarly Misconduct Policy. Which policy applies to particular allegations is addressed in more detail below; if necessary, the Research Integrity Officer, in consultation with the student s dean, shall determine which policy is most appropriate for a given case. Academic Integrity Monitor: In each college/school, one or more Associate Deans will be designated by the Dean, subject to approval by the Provost, as the Academic Integrity Monitor(s). The Academic Integrity Monitor shall be responsible to conduct an initial review of allegations of academic dishonesty at the college/school level to determine whether there is sufficient evidence of a violation for the matter to be considered by the All-University Academic Integrity Board (Board or AUAIB), as defined below. When a student admits responsibility for an infraction, the Academic Integrity Monitor recommends a sanction to the Board, based on the Sanction Rubric. The Academic Integrity 171

5 Monitor is the School or College s liaison to the Board, and will have primary responsibility for presenting a case to the Board when necessary. If the Academic Integrity Monitor determines the evidence is not sufficient for consideration by the Board, the case will be dismissed unless the instructor (with the support of the Chair) appeals the Monitor s determination to the Board. All-University Academic Integrity Board (Board or AUAIB): The Board is responsible for reviewing contested allegations of academic dishonesty and contested sanctions referred by the Academic Integrity Monitor. The Board is responsible for making sure that any finding of responsibility for academic misconduct is supported by a preponderance of the evidence and for imposing sanctions consistent with the Sanctions Rubric when a student is found responsible for a violation. The Board is responsible for ensuring that academic integrity sanctions are applied in a consistent manner. Ordinarily, in making its determinations, the Board will not take student intent into account, but instead will focus primarily on the actions of those involved. The Board reviews and makes a determination on all cases in which 1) students are contesting their responsibility (or instructors, with the support of the Department chair, are contesting findings that students are not responsible) for alleged infractions or 2) students are contesting sanctions. In addition, in cases where the student accepts responsibility and does not contest sanctions, the Board reviews sanctions recommended by the Academic Integrity Monitor and imposes sanctions consistent with the Sanctions Rubric. When reviewing cases, the Board may request further information and require participation in a hearing by the instructor and/or students (if deemed appropriate by the Board). The Board is composed of six faculty or instructional staff (one from each undergraduate academic college), one faculty representative of the library, one representative of the Graduate School or Honors College, and two students (one graduate and one undergraduate). In order to facilitate timely review of cases, there will be two such committees constituted each year and each of these committees will meet one time per month. The committees will elect their own chair. The Director of OAISC will be an ex officio member of the AUAIB. (Note: The School of Law has its own academic integrity process.) There will also be a pool of trained alternates who can sit on the Board in the event that a member is unable to attend a hearing due to a schedule conflict, illness, conflict of interest, or the like. A third committee, which may be comprised of members of the other two committees, will meet during the summer. Complete Written Record: The complete written record for each case refers to all relevant documents submitted by the student as well as a University representative as evidence related to the allegations of academic dishonesty. The complete written record is initially compiled by the Academic Integrity Monitor but subsequently is forwarded to and maintained by, and may be added to, by the Office of Academic Integrity and Student Conduct. Jurisdiction: The Academic Integrity Monitor is responsible for the initial review of all undergraduate cases involving work in courses taken in his/her college. The Academic Integrity Monitor is also responsible for initial review of all cases involving allegations of academic dishonesty in other academic work (with the exception of those cases reviewed under the Research Misconduct Policy), when the faculty member who has oversight responsibility for that student (e.g. major professor, faculty collaborator, honors advisor, advisor) resides within the college. When a student is majoring in a program outside the college in which an academic integrity matter arises, the Academic Integrity Monitor of the other college should be kept informed about the case and its resolution. The Academic Integrity Monitor in the Graduate School is responsible for all cases of alleged academic dishonesty involving graduate students (including, without limitation, all allegations relating to course work or work outside a class), with the exception of those cases which fall under the jurisdiction of the Research Misconduct Policy. Office of Academic Integrity and Student Conduct (OAISC) (formerly Office of Community Standards and Student Ethics): Housed in the Office 172 of the Provost/Vice Chancellor for Academic Affairs, this is the University-level office tasked with processing academic misconduct cases that are sent forward from the colleges. This Office is responsible for reporting back to the academic colleges, the Provost, and the Faculty Senate, consistent with the requirements of the Family Educational Rights and Privacy Act (FERPA), an annual total of cases heard and their outcomes, as well as the general basis for the decisions made. This Office is the repository of all records pertaining to academic integrity cases across campus. Preponderance of Evidence: The standard of proof in a case arising under the Academic Integrity Policy shall be the preponderance of the evidence. A preponderance of the evidence shall mean evidence which is of greater weight or more convincing than evidence to the contrary; evidence which shows that something more likely than not is true. Reporting: Following initial compilation by the Academic Integrity Monitor, all records will be kept in OAISC. A final report summary for each case will be forwarded to the college Academic Integrity Monitor, to the department chair/head, and to the instructor. Annual summary reports (with no details with respect to specific faculty or students) will be reported to the Colleges and to the Faculty Senate. Sanction Rubric: Sanctions associated with various levels of academic misconduct, approved by the Faculty Senate and applicable to all student academic work at the University of Arkansas. All sanctions will be imposed by the AUAIB. Academic Honesty Syllabus Statement: Faculty are encouraged to include this statement on their syllabus: As a core part of its mission, the University of Arkansas provides students with the opportunity to further their educational goals through programs of study and research in an environment that promotes freedom of inquiry and academic responsibility. Accomplishing this mission is only possible when intellectual honesty and individual integrity prevail. Each University of Arkansas student is required to be familiar with and abide by the University s Academic Integrity Policy which may be found at Students with questions about how these policies apply to a particular course or assignment should immediately contact their instructor. Student: An undergraduate student is one who is enrolled at the University of Arkansas during the semester of the infraction in a baccalaureate degree program or in an undergraduate non-degree-seeking status. A graduate student is one who has been admitted to the Graduate School and need not be enrolled to be considered a student under this policy. Work for a course: Work for a course consists of any work undertaken or submitted towards the fulfillment of the requirements of a course (whether graded or not), including, but not limited to, exams, quizzes, papers, essays, homework assignments, artwork, designs, programs, and other projects or assignments. Work outside of a course: Work outside a course consists of student work, other than work for a course, undertaken or submitted towards the fulfillment of the requirements of a degree or program, including, but not limited to, candidacy or comprehensive exams, dissertations, honors theses, master s theses, work done for funded research projects, reports submitted to a funding agency or material submitted for publication in a scholarly journal. Working Days: Working days shall refer to Monday through Friday, excluding official University holidays or days that the University is closed due to exigent circumstances such as weather. For periods of five days or less, University breaks shall also be excluded. III. Procedures: A. Infractions Involving Work for a Course at the Undergraduate or Graduate Level 1. Reports of Suspected Academic Dishonesty. When an instruc-

6 tor/department initially suspects that a student has violated the Academic Integrity Policy, the instructor or another appropriate University official may discuss the matter with the student and/ or with the Academic Integrity Monitor for the college or school. Should the instructor/department determine that the student may be responsible for academic dishonesty, the instructor or another appropriate University official will, within five working days after determining that there is a potential violation of the Academic Integrity Policy (or as soon as practicable thereafter), report the case to the Academic Integrity Monitor for the college. In reporting the case, the instructor/official will submit a completed Allegation Evidence Form, available on the OAISC website, to help ensure that all information necessary to the consideration of the case is available for review. 2. The Academic Integrity Monitor. The Academic Integrity Monitor will review the case and meet with the instructor to gather any relevant information relating to any alleged violations of the Academic Integrity Policy. The Academic Integrity Monitor shall meet separately with the student to notify the student of the alleged violations of the Academic Integrity Policy, disclose to the student any evidence to be used against him or her, and gather information from the student about the matter. The Monitor will have access to any previous academic integrity-related records for the student from the OAISC and may review pertinent records or speak with other individuals with knowledge about the matter. Information compiled by the Academic Integrity Monitor may be added to the written record. After conducting this review the Academic Integrity Monitor may proceed as follows: a. The Academic Integrity Monitor may determine that the evidence of an alleged violation is insufficient to warrant forwarding the case to the Board. In this case, the Academic Integrity Monitor will notify the instructor/department and student of his/her determination. The complete written record of the Academic Integrity Monitor s determination will be forwarded to the OAISC, and a summary of the matter shall be provided to the AUAIB for its information. i. If the Instructor, with the support of the Department/program chair/head/director, disagrees with the determination of the Academic Integrity Monitor, the instructor s position shall be reported to the AUAIB for consideration by the Board. b. Alternatively, the Academic Integrity Monitor may determine there is sufficient evidence of a violation to forward the matter to the Board for its consideration, in which case the following may occur: i. The student accepts responsibility for the infraction: In this case, the Academic Integrity Monitor shall inform the student of the potential consequences of the action. The Academic Integrity Monitor completes the file and recommends the appropriate sanction for consideration by the AUAIB consistent with the Sanction Rubric, makes a record of the case which is forwarded to the OAISC and AUAIB, and reports back to the Department/program and instructor. ii. The student contests responsibility for the infraction: In this case, the Academic Integrity Monitor will forward the case together with the evidence to OAISC and AUAIB. Within five working days from receipt of the Allegation Evidence Form (or as soon thereafter as practicable), a representative from OAISC will contact the student and arrange a meeting during which the process and possible outcomes are explained to the student. As part of the complete written record, the student will be provided with an opportunity to submit a written statement responding to the allegations and explaining why he/she did not commit the alleged infraction. Ordinarily, the student will not provide a statement pertaining to intent, unless it materially affects the question of whether the student committed a violation of the Academic Integrity Policy. iii. The student contests the sanctions: If the student 1) accepts responsibility but disagrees with the Academic Integrity Monitor s sanction recommendation, or 2) contests responsibility and sanctions, the student will be provided an opportunity to submit a written statement explaining the student s position on sanctions and proposing alternatives. If the proposed sanction is based on the sanction rubric, the statement must address how the rubric has been applied incorrectly in the student s case. 3. Standard of Evidence. The standard used in reviewing whether a violation of the Academic Integrity Policy has occurred under this policy shall be the preponderance of the evidence. 4. Continued Participation. To the extent practical, during the consideration of a case, the student s participation in the affected class should continue in order to minimize the impact on the student if he or she is not determined to be responsible for an alleged infraction. B. Infractions Involving Work Outside a Course at the Undergraduate or Graduate Level: Cases of alleged academic misconduct occurring outside a course, as defined previously, may be subject to review under this policy as well as under the University s Research and Scholarly Misconduct Policy. Which policy applies to particular allegations is determined by the Research Integrity Officer and the student s dean. Except when a matter is determined to be properly considered under the Research and Scholarly Misconduct Policy, rather than this policy, when a supervising faculty member or other appropriate University official determines that a student may be responsible for academic dishonesty in a situation involving work outside a course, the procedures outlined in this policy shall be followed. C. The All-University Academic Integrity Board 1. Based on the record filed, including the Allegation Evidence Form, the AUAIB shall determine responsibility (if necessary) and impose the appropriate sanction. In addition, with notice to the student, the Board may request additional evidence, require students, the instructor, or other appropriate University officials to be present at a hearing and/or refer the matter back to the Academic Integrity Monitor for further consideration. Ordinarily, a student will meet with the Board only if the Board so requests it, having already met with the Academic Integrity Monitor and provided his/her written statement for the Board. However, if the student is facing a possible sanction of suspension or expulsion, or loss of a scholarship, he/she shall be permitted to meet with the Board and present witnesses and evidence, if the student desires. If a student is not facing possible suspension, expulsion or loss of a scholarship, and the student requests a meeting, the Board shall designate one of its members to meet with the student prior to the Board s consideration of the case. If a member meets with the student, the member shall participate in the Board s consideration of the alleged infractions. 2. In the case where a student and the instructor or other University official reporting the alleged infraction are requested to appear at a Board hearing, each must have at least ten working days notice of the hearing, unless both agree to waive this requirement. If any material is added to the Complete Written Record, the student 173

7 shall have at least three business days prior to the Board hearing to review the information. The student, the instructor or other appropriate University official, and the Academic Integrity Monitor for the case, who will have primary responsibility to present the infractions, will attend the Board meeting. Generally these individuals will be the only persons in attendance, other than the Board and OAISC staff. The Board may question any of these individuals. The instructor will not ordinarily be asked to make a statement, but may be asked questions by the Board. The Board shall review the complete record of the case to determine whether a preponderance of the evidence exists to find a violation of the Academic Integrity Policy and if so, impose a sanction consistent with the Rubric. Because the focus of the hearing is generally not on intent, other witnesses will typically not be called unless the Board determines that the witnesses can address whether the student committed the alleged infraction. 3. When sanctions are imposed, the letter outlining the sanctions will be signed by the Chair on behalf of the Board and by the Director of OAISC and sent to the student and the instructor, with a copy to the Academic Integrity Monitor. D. Appeals. Students (or the instructor, with the support of the Department Chair) may appeal a determination by the AUAIB to the Provost and Chancellor, but only when the appeals are based on the following grounds: (1) a procedural error occurred; (2) an objective assessment of the evidence under the preponderance of evidence standard does not support a finding of responsibility, (3) new and significant evidence has been identified since the Board hearing; (4) the sanctions are inconsistent with the Sanction Rubric; or (5) that additional sanctions imposed are excessive. To effect an appeal, the student (or instructor/department), within five working days of transmittal of the decision of the AUAIB to the student (or instructor/department), shall request that the Provost and Chancellor review the case, using the Appeal Form found on the website of the OAISC. The transmittal of the decision by the AUAIB shall expressly state that the student (or instructor/ department) shall have five days to appeal the decision. The Provost and Chancellor shall attempt to review and resolve all appeals within thirty days or as soon as possible thereafter after receiving the Appeal Form. If the Provost and Chancellor determine that a procedural error occurred, that an objective assessment of the evidence does not support a finding of responsibility, that new evidence warrants a rehearing, that an inconsistency in sanction has occurred, or that additional sanctions are excessive in nature, the Provost and Chancellor may decide the matter or may refer the case back to the same or to another AUAIB for further action. If a new hearing is held, the case may be appealed to the Provost and Chancellor using the procedure outlined above, in which case their determination on the matter shall be final. E. Procedural Changes. Particular circumstances in an individual case may dictate variation from the procedures set out in this policy in order to ensure fair and efficient consideration of the matter. Any change in the procedures must ensure fair treatment of the student. Any major deviations from the procedures described in this policy shall be made only with the written approval of the Provost. Academic Integrity Sanction Rubric I. Violation Levels The following violation levels are assigned to specific types of violations of the University s Academic Integrity Policy; if a violation of academic integrity principles occurs which is not specifically provided for below, then any sanctions will be based on the most similar type of violation that exists in the rubric. A violation will be considered as a single violation up until the point 174 that a student receives notice of that violation; additional infractions occurring after that point will be considered separately for purposes of this rubric. A student receives the assigned number of sanction points for each violation for which he/she is found responsible. Sanction points are cumulative over the length of the student s tenure at the University of Arkansas. Level One Violation 0.5 sanction point for each violation Copying from or viewing another student s work during an examination. Using any materials or resources that are not authorized by the instructor for use during an examination. Collaborating during an examination with any other person by giving or receiving information without specific permission of the instructor. Facilitating or aiding in any act of academic dishonesty. Collaborating on laboratory work, take-home examinations, homework, or other assigned work when instructed to work independently. Submitting, without specific permission of the instructor, work that has been previously offered by the same student for credit in another course. Falsification of attendance and/or participation. Plagiarizing, that is, the offering as one s own work, the words, ideas, or arguments of another person or using the work of another without appropriate attribution by quotation, reference, or footnote. Plagiarism occurs both when the words of another (in print, electronic, or any other medium) are reproduced without acknowledgement and when the ideas or arguments of another are paraphrased in such a way as to lead the reader to believe that they originated with the writer. It is not sufficient to provide a citation if the words of another have been reproduced this also requires quotation marks. It is the responsibility of all University students to understand the methods of proper attribution and to apply those principles in all materials submitted (undergraduate level). Level Two Violation 1.0 sanction point for each violation Buying, selling or otherwise obtaining or providing information about an examination not yet administered. Substituting for another person or permitting any other person to substitute for oneself to take an examination. Submitting as one s own any theme, report, term paper, essay, computer program, speech, painting, drawing, sculpture, or other written or creative work or project of any nature prepared totally or in large measure by another. Submitting altered or falsified data (undergraduate level). Plagiarizing (graduate level). Level Three Violation 3.0 sanction points for each violation Altering grades or official records. Falsifying or signing another person s name on any academicallyrelated University form or document. Sabotaging another student s work. Submitting altered or falsified data (graduate level) II. Sanctions Sanction points = 0.5: For work for a course, the instructor shall give the test or an assignment an immediate zero (0) which shall then be averaged into the course grade. If the violation occurred on work outside of a course, the faculty member will require that the work be redone. If that involves missing a stated deadline, the stated late penalty will apply. Sanction points = 1.0: The student will receive a course grade of XF for work done for a course ; for work outside a course, the student

8 will receive a failure on the project (e.g. on the candidacy exam). For infractions involving point levels of 1.5 and above, the course grade/project failure sanction will apply in addition to suspension or expulsion. Sanction points = 1.5: The student will be suspended for the following semester (the student will be allowed to complete the current semester). Sanction points = 2.0: The student will be suspended for two full semesters (the student will be allowed to complete the current semester). Sanction points = 2.5: The student will be suspended for three full semesters (the student will be allowed to complete the current semester). Sanction points = 3.0 or more. The student will be immediately and permanently expelled. Note: For offenses not specifically mentioned in this rubric, faculty members may confer with the Academic Integrity Monitor and propose a description of the offense and the level of sanction to be included in the faculty member s syllabus. The proposed description and sanctions will be forwarded to the Academic Integrity Monitor to review the proposed offense and sanction for consistency with existing offenses and sanctions. If a faculty member and Academic Integrity monitor disagree over a particular offense or sanction, the matter may be discussed with the relevant dean and /or the AUAIB, but must be reported to the AUAIB. In the event of a conflict between a syllabus and the Academic Integrity Policy or this rubric, the policy and rubric shall take precedence. III. Course Retake Opportunities and Notation Removal After two semesters of acceptable performance at the University following the imposition of a penalty, with no student conduct or academic dishonesty infractions and a minimum grade point of 2.0 (undergraduate) and 2.85 (graduate) in graded courses, the student may petition the Office of Academic Integrity and Student Conduct for an opportunity to retake a class failed due to academic dishonesty and have the grade changed (for graded work), for a first offense of any Level One or Level Two violation, or a second offense of a Level One violation. Upon graduation or completion of the period of suspension, the student may request that the X, or notation of the student s suspension, be removed from the student s transcript, by submitting a written request to the Provost/ Vice Chancellor for Academic Affairs. Expulsion from the University of Arkansas for academic dishonesty shall be permanently noted on the student s transcript. ANNUAL NOTICE OF STUDENT RIGHTS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA) The Graduate School of Business adheres to the Family Educational Rights and Privacy Act (FERPA) which affords students certain rights with respect to their education records, described on page 41. ANNUAL GRADUATE STUDENT ACADEMIC REVIEW The Graduate School of Business implements the Graduate Council policy that any student whose program lasts more than three semesters will be reviewed annually by his/her degree program for progress toward the degree. At a minimum, the review will cover progress in the following: a) in completing courses with an adequate grade-point average; b) in completing the thesis/dissertation/project requirements; c) in completing all of the required examinations; d) toward completing other requirements for the degree. When the review of each student is completed, the review form will be signed by the graduate student and the department/program head/chair, as well as other appropriate individuals as designated in the program review policy. This review will be forwarded to the Graduate School, to be included in the student s file. ADMINISTRATIVE REQUIREMENT FOR GRADUATION Application for graduation must be completed in the Graduate School of Business office, filed with the Registrar, and fees paid for the semester in which degree requirements will be completed and graduation effected. If a student fails to complete the degree, the student must then renew the application and pay a renewal fee. RESIDENCY REQUIREMENTS The Graduate School of Business adheres to the residency requirements established by the Graduate School as described on page 40. GRADUATE STUDENT GRIEVANCE The Graduate School of Business of the Sam M. Walton College of Business Administration recognizes that there may be occasions when a graduate student has a grievance about some aspect of his/her academic involvement. It is an objective of the University of Arkansas that a graduate student may have prompt and formal resolution of his/her academic grievances and that this be accomplished according to orderly procedures. Below are the procedures to be used when a graduate student has an academic grievance with a faculty member or administrator. If the student has a grievance against another student or another employee of the University, or if the student has a grievance that is not academic in nature, the appropriate policy may be found by contacting the Office of Affirmative Action or the Office of the Dean. Definition of Terms Graduate Student: Under this procedure, a graduate student is any person who has been formally admitted to the Graduate School of Business of the Sam M. Walton College of Business Administration of the University of Arkansas, Fayetteville, and who is/was enrolled as a graduate-level student at the time the alleged grievance occurred. (Note: Students pursuing a Ph.D. in Business Administration or in Economics should follow the grievance policy of the Graduate School.) Academic Grievance: An academic grievance is a dispute concerning some aspect of academic involvement arising from an administrative or faculty decision which the graduate student claims is unjust or is in violation of his/her rights. Any behavior on the part of a faculty member or administrator, which the student believes to have interfered with his/her academic progress, is subject to a grievance. While a complete enumeration of the student s rights with regard to academic involvement is not possible or desirable, we have provided a short list as illustration. However, as in all cases involving individual rights, whether a specific behavior constitutes a violation of these rights can only be decided in context, following a review by a panel of those given the authority to make such a decision. In general, the graduate student: 1. has the right to competent instruction; 2. is entitled to have access to the instructor at hours other than class times (office hours); 3. is entitled to know the grading system by which he/she will be judged; 175

9 4. has the right to evaluate each course and instructor; 5. has the right to be treated with respect and dignity. In addition, an academic grievance may include alleged violations of the affirmative action plans of the University related to academic policies and regulations, as well as disputes over grades, graduate assistantship employment agreements, course requirements, graduate/degree program requirements, thesis advisory committee composition, and/or adviser decisions. Formal Academic Grievance: An academic grievance is considered formal when the student notifies the Dean of the Walton College, in writing, that he/she is proceeding with such a grievance. The implications of this declaration are: 1) all correspondence pertaining to any aspect of the grievance will be in writing and will be made available to the Dean and his/her designee; 2) all documents relevant to the case, including minutes from all relevant meetings, will be part of the complete written record and will be forwarded to the Dean and his/her designee upon receipt by any party to the grievance; 3) the policy contained herein will be strictly followed; and 4) any member of the academic community who does not follow the grievance policy will be subject to disciplinary actions. Filing a formal academic grievance is a serious matter, and the student is strongly encouraged to seek informal resolution of his/her concerns before taking such a step. Complete Written Record: The complete written record refers to all documents submitted as evidence by any party to the complaint, as subject to applicable privacy considerations. (Note: Because the tape recordings of committee meetings may contain sensitive information, including private information pertaining to other students, the tape or verbatim transcription of the tape will not be part of the complete written record. However, general minutes of the meetings, documenting the action taken by the committees, will be part of the record.) Working Days: Working days shall refer to Monday through Friday, excluding official University holidays. Procedures 1. Individuals should attempt to resolve claimed grievances first with the person(s) involved, within the department or program, and wherever possible, without resort to formal grievance procedures. The graduate student should first discuss the matter with the faculty member or administrator involved, with the faculty member s chairperson or degree program coordinator, or with the Walton College Dean or his/her designee. The student s questions may be answered satisfactorily during this discussion. If the grievance is with the departmental chairperson or program coordinator, the student may choose to meet with the Walton College Dean or his/ her designee for a possible informal resolution of the matter. 2. If a student chooses to file a formal academic grievance, the following procedures are to be followed. The students in the Master of Business Administration (M.B.A.) program shall take the appeal in written form to the M.B.A. Program Director. Students in the departmentally based master s programs (M.Acc., M.A.Econ., and M.I.S.) shall take the written appeal to the appropriate departmental chairperson. The student shall forward a copy of the written appeal to the Walton College Dean or his/her designee. In the case of a grievance against a departmental chairperson, the M.B.A. Program Director or an administrator who does not report directly to a departmental chairperson, the student will go directly to the Walton College Dean or his/her designee. The appropriate person to receive the written appeal will be referred to as the initial appellate authority. In any case, the Walton College Dean or his/ her designee must be notified of the grievance. After discussion between the initial appellate authority (i.e. chairperson/m.b.a. Program Director/Dean and his/her designee) and all parties to 176 the grievance, option 2a, 2b, or 3 may be chosen. a. All parties involved may agree that the grievance can be resolved by a recommendation of the initial appellate authority. In this case, the initial appellate authority will forward a written recommendation to all parties involved in the grievance within 20 working days after receipt of the written grievance. The initial appellate authority is at liberty to use any appropriate method of investigation, including personal interviews and/or referral to an appropriate departmental or program committee for recommendation. b. Alternatively, any party to the grievance may request that the initial appellate authority at once refer the request, together with all statements, documents, and information gathered in his or her investigation, to the applicable reviewing body. For the M.B.A. Program the applicable reviewing body is the M.B.A. Advisory Committee; for other masters programs it is the relevant program advisory committee. The reviewing body shall, within ten working days from the time its chairperson received the request for consideration, present to the initial appellate authority its written recommendations concerning resolution of the grievance. Within ten working days after receiving these recommendations, the initial appellate authority shall provide all parties to the dispute with copies of the reviewing body s recommendation and his or her consequent written decision on the matter. 3. If the grievance is not resolved by the procedure outlined in item 2, or if any party to the grievance chooses not to proceed as suggested in item 2, he/she will appeal directly to the Dean of the Walton College or his designee. Whenever a grievance comes to the attention of the Dean, either as a result of a direct appeal or when a grievance has not been resolved satisfactorily at the departmental/program level, the Dean and his/her designee will consult with the person alleging the grievance. If that person decides to continue the formal grievance procedure, the Dean will notify all parties named in the grievance and the relevant program administrator (i.e. departmental chairperson or the M.B.A. Program Director), that a formal grievance has been filed. Within ten working days, the Dean and his/her designee will: a. with the consent of the student, appoint a faculty member as the student s advocate, and b. utilize an ad hoc committee of five faculty members and two graduate students, chosen to avoid obvious bias or partiality, to review the grievance and report to him/her. The Walton College Dean or his/her designee will serve as the chair of the grievance committee and will vote only in the case of a tie. A voting member of the Graduate School of Business Masters Program Committee will serve as the non-voting secretary of the committee. The committee shall have access to witnesses and records, may take testimony, and may make a record by taping the hearing. Its charge is to develop all pertinent factual information (with the exception that the student and faculty member/administrator will not be required to be present in any meeting together without first agreeing to do so) and, on the basis of this information, to make a recommendation to the Walton College Dean to either support or reject the appeal. The Dean will then make a decision based on the committee s recommendation and all other documents submitted by the parties involved. The Dean s decision, the committee s written recommendation and a copy of its complete written record (excluding those in which other students have a privacy interest) shall be forwarded to the person(s) making the appeal within 20

10 working days from the date the committee was first convened; copies shall be sent simultaneously to other parties involved in the grievance. The Graduate School of Business, in such a way that the student s privacy is protected, shall retain a copy. 4. Within ten working days of the receipt of the Walton College Dean s decision, any party to the grievance may appeal to the Dean of the University of Arkansas Graduate School as described in step 3 of the procedures of Academic Grievance Procedures for Graduate Students in the Graduate School. 5. When, and only when, the grievance concerns a course grade and the committee s recommendation is that the grade assigned by the instructor should be changed, the following procedure applies. The committee s recommendation that the grade should be changed shall be accompanied by a written explanation of the reasons for that recommendation and by a request that the instructor change the grade. If the instructor declines, he/she shall provide a written explanation for refusing. The committee, after considering the instructor s explanation and upon concluding that it would be unjust to allow the original grade to stand, may then recommend to the department chair that the grade be changed. The department chair will provide the instructor with a copy of the recommendation and ask the instructor to change the grade. If the instructor continues to decline, the department chair may change the grade, notifying the instructor, the Walton College Dean or his/her designee, and the student of the action. Only the department chair, and only on recommendation of the committee, may change a grade over the objection of the instructor who assigned the original grade. For courses with a specific M.B.A. program designation (MBAD course number prefix) the Walton College Dean or his/ her designee shall fulfill the department chair responsibilities described in this section. No appeal or further review is allowed from this action. All grievances concerning course grades must be filed within one calendar year of receiving that grade. 6. The Master of Arts in Economics is the only Graduate School of Business program with a thesis option. When, and only when, a student in that program brings a grievance concerning the composition of his/her thesis committee, the following procedure will apply. The Walton College Dean or his/her designee shall meet with the graduate student and the faculty member named in the grievance, and shall consult the chair of the committee, the department chairperson, and/or the program coordinator for their recommendations. In unusual circumstances, the Dean and his/ her designee may remove a faculty member from a student s thesis committee or make an alternative arrangement. With regard to the chair of the thesis committee, this is a mutual agreement between the faculty member and the student to work cooperatively on a research project of shared interest. Either the graduate student or the faculty member may dissolve this relationship by notifying the other party, the departmental chairperson, and the Walton College Dean or his/her designee. However, the student and the adviser should be warned that this may require that all data gathered for the thesis be abandoned and a new research project undertaken with a new faculty advisor. 7. If a grievance, other than those covered by step 5, is not satisfactorily resolved through steps 1 through 4 or 6, an appeal in writing and with all relevant material may be submitted for consideration and a joint decision by the Chancellor of the University of Arkansas, Fayetteville, and the Provost/Vice Chancellor for Academic Affairs. This appeal must be filed within 20 working days of receiving the decision of the Dean of the University of Arkansas Graduate School. Any appeal at this level shall be on the basis of the complete written record only, and will not involve interviews with any party to the grievance. The Chancellor of the University of Arkansas, Fayetteville, and the Provost/Vice Chancellor for Academic Affairs shall make a decision on the matter within 20 working days from the receipt of the appeal. Their decision shall be forwarded in writing to the same persons receiving such a decision in step 4. Their decision is final pursuant to the delegated authority of the Board of Trustees. 8. If any party to the grievance violates this policy, he/she will be subject to disciplinary action. When alleging such a violation, the aggrieved individual shall contact the Walton College Dean in writing, with an explanation of the violation. GRADUATE ASSISTANT GRIEVANCE Policy It is the philosophy of the Graduate School that assistantships are not typical employee positions of the University. This has two implications. First, the sponsor should also serve as a mentor to the student and assist, to the extent possible, in facilitating the student s progress toward his/her degree. Second, any questions concerning performance in or requirements of assistantships shall be directed to the Graduate School or, for master s students in business, to the Graduate School of Business. (Note: the term graduate assistant will be used to refer to those on other types of appointments as well, such as fellowships, clerkships, etc.) The Graduate School has the following authority with regard to graduate assistantships: 1. All requests for new positions, regardless of the source of the funds, must be approved by the Graduate School. When the position is approved, the requesting department or faculty member must complete the form, Request for a New Graduate Assistant Position and submit it to the Graduate School. All proposed changes in duties for existing graduate assistantships must be approved by the Graduate School prior to their implementation. 2. The duty requirements of the graduate assistantship, including the number of hours required, must be approved by the Graduate School. Fifty percent graduate assistants may not be asked to work more than 20 hours per week (Note: this is not limited to time actually spent in the classroom or lab; the 20 hour requirement also pertains to time required to grade/compute results, develop class/lab materials, etc. Moreover, students cannot be asked to work an average of 20 hours per week, with 30 hours one week and 10 hours the next, for example. The duty hour requirement is no more than 20 hours per week for a 50 percent appointment. See the Graduate Handbook. However, it should also be noted that if the student is engaged in research which will be used in his/her required project, thesis, or dissertation, or if the student is traveling to professional meetings, data sources, etc., the student may work more than 20 hours per week.) The duty requirements must complement the degree program of the graduate student and must abide by the philosophy that the first priority of graduate students is to finish their degrees. 3. The Graduate School, in consultation with the Graduate Council, has the right to set the enrollment requirements for full-time status for graduate assistants. 4. The Graduate School sets the minimum stipend for graduate assistantships, but does not have responsibility for setting the actual stipend. Graduate assistants will be provided with a written statement of the expected duties for their positions, consistent with 177

11 the duties outlined in the Request for New Graduate Assistant Position or any amendments submitted to the Graduate School. A copy of the written statement will be submitted to the Graduate School of Business for inclusion in the student s file. Graduate assistants may be terminated from their positions at any time or dismissed for cause under the procedures of Board Policy No Termination is effected through the giving of a notice, in writing, of that action at least 60 days in advance of the date the employment is to cease. A copy of the notice must be sent to the Dean of the Walton College and to the Dean of the Graduate School. A graduate assistant has the right to request a review of the termination by the Dean, following the procedure given below. However, a student should be warned that if the grounds for dismissal are based on any of the following, the only defense to the termination is evidence to show that the charges are not true: a. The student fails to meet the expectations of the assistantship positions, as outlined in the initial written statement provided to them at the beginning of the appointment. b. The student provides fraudulent documentation for admission to their degree program and/or to their sponsor in applying for the assistantship positions. c. The student fails to meet certain expectations which need not be explicitly stated by the sponsor, such as the expectation that i) the student has the requisite English language skills to adequately perform the duties of the position; ii) the student has the appropriate experience and skills to perform the duties of the position; and iii) the student maintains the appropriate ethical standards for the position. The Research Misconduct Policy provides one reference source for such ethical standards. d. The student fails to make good progress toward the degree, as determined by the annual graduate student academic review and defined by program and Graduate School policies. Definition of Terms Graduate Assistant. Any graduate student holding a position which requires that the student be admitted to a graduate degree program of the University of Arkansas, regardless of the source of funds, and for whom tuition is paid as a result of that position. Sponsor. The person responsible for the funding and duty expectations for the graduate assistant. Formal graduate assistant grievance. Any dispute concerning some aspect of the graduate assistantship, as defined above, which arises from an administrative or faculty decision that the graduate student claims is a violation of his or her rights. The formal graduate assistant grievance does not pertain to cases in which there is a dispute between co-workers. Violation of graduate assistant s rights. An action is considered a violation of the graduate assistant s rights if: a) it violates Graduate School policy with regard to graduate assistantships; b) it threatens the integrity of, or otherwise demeans, the graduate student, regardless of any other consideration; c) it illegally discriminates or asks the graduate assistant to discriminate; d) it requires the student to do something which was not communicated as a condition of holding the assistantship (or the underlying expectations outlined above); e) it terminates the student from an assistantship for behaviors which are irrelevant to the holding of the assistantship or were never included as expectations for the assistantship; f) it requires the student to do something which violates University policy, the law, or professional ethics. Note: It is impossible to state all of the conditions which might constitute a violation of graduate assistants rights or, conversely, which might defend a respondent against charges of such violations. Such complaints require a process of information gathering and discussion that lead to a final resolution of the matter by those who have been given the authority to do so. 178 Formal grievance. A grievance concerning graduate assistantships/ fellowships is considered formal when the student notifies the Dean of the Walton College, in writing, that he/she is proceeding with such a grievance. The implications of this declaration are: a) the student will be provided with an advocate; b) all correspondence pertaining to any aspect of the grievance will be in writing, and will be made available to the Dean; c) all documents relevant to the case, including minutes from all relevant meetings, will be part of the complete written record, and will be forwarded to the Dean upon receipt by any party to the grievance; d) the policy contained herein will be strictly followed; and e) any member of the academic community who does not follow the grievance policy will be subject to disciplinary actions. Filing a formal grievance is a serious matter, and the student is strongly encouraged to seek informal resolution of his/her concerns before taking such a step. Respondent. The person who is the object of the grievance. Procedures Note: Grievances are confidential. Information about the grievance, including the fact that such a grievance has been filed, may never be made public to those who are not immediately involved in the resolution of the case, unless the student has authorized this release of information or has instigated a course of action which requires the respondent to respond. An exception to this confidentiality requirement is that the immediate supervisor or departmental chairperson of the respondent will be notified and will receive a copy of the resolution of the case. Since grievances against a respondent also have the potential to harm that person s reputation, students may not disclose information about the grievance, including the fact that they have filed a grievance, to any person not immediately involved in the resolution of the case, until the matter has been finally resolved. This is not intended to preclude the student or respondent from seeking legal advice. 1. When a graduate student believes that his/her rights have been violated, as the result of action(s) pertaining to a graduate assistantship he/she holds or has held within the past year, the student shall first discuss his/her concerns with the respondent. If the concerns are not resolved to the student s satisfaction, the student may discuss it with the Dean of the Walton College or his/her designee, and/or with the Office of Affirmative Action. If the concerns are satisfactorily resolved by any of the above discussions, the terms of the resolution shall be reduced to writing, if any of the involved parties desires to have such a written statement. 2. If the student s concerns are not resolved by the above discussions, and he/she chooses to pursue the matter further, the student shall notify the Dean of the Walton College in writing of the nature of the complaint. This notification will include all relevant documentation and must occur within one year from the date of the occurrence. The Dean of the Walton College will inform the Graduate Dean that a grievance has been filed and will, upon request, forward the written complaint and all relevant documentation to the Graduate Dean. 3. Upon receipt of this notification and supporting documentation, the Dean of the Walton College or the Dean s designee will meet with the graduate student. If the student agrees, the Dean or the Dean s designee will notify the respondent of the student s concerns. If the student does not wish for the respondent to be notified, the matter will be dropped. The respondent will be given ten working days from receipt of the Dean s notification to respond to the concerns. 4. The Dean or the Dean s designee will meet again with the student and make an effort to resolve the concerns in a mutually satisfactory manner. If this is not possible, the Dean will refer the case to a committee.

12 5. Within ten working days from the final meeting between the student and the Dean, the Dean will notify the respondent and will appoint an ad hoc committee of five faculty members and two graduate students chosen to avoid bias or partiality. The Associate Dean of the Walton College or the Dean s designee will serve as the chair of the grievance committee and will vote only in the case of a tie. A voting member of the Walton College Masters Advisory Committee will serve as the non-voting secretary of the committee. At this time, the Dean will also assign an advocate to the student. The advocate must be a member of the graduate faculty. The immediate supervisor of the respondent will serve as his/her advocate. Note: The student and respondent advocates will have the responsibility to help the student/respondent prepare his/her written materials and will attend committee meetings with the student/respondent. The advocate will not speak on behalf of the student/respondent and will not take part in committee discussions of the merits of the case. 6. The committee shall have access to witnesses and records, may take testimony, and may make a record by taping the hearing. Its charge is to develop all pertinent factual information (with the exception that the student and respondent will not be required to be present in any meeting together without first agreeing to do so) and, on the basis of this information, to make a recommendation to the Dean of the Walton College either to support or reject the grievance. The Dean will then make a decision based on the committee s recommendation and all documents submitted by the parties involved. The Dean s decision, the committee s written recommendation, and a copy of all documents submitted as evidence by any party to the complaint, consistent with all privacy considerations, shall be forwarded to the person(s) alleging the grievance within 20 working days from the date the committee was first convened; copies shall be sent simultaneously to other parties involved in the grievance. A copy shall be retained by the Graduate School of Business in such a way that the student s and respondent s privacy is protected. 7. If the decision of the Dean of the Walton College is that the student s concerns should be addressed, the respondent may appeal to the Provost/Vice Chancellor for Academic Affairs of the University, as outlined below in step 10. It should be noted that the Graduate Dean has limited authority to require a sponsor to reappoint a graduate assistant. Consequently, the redress open to the student may be limited. 8. If the decision of the Dean is that the student s concerns should not be addressed, the student may appeal to the Graduate Dean, as outlined below in step If the grievance is not satisfactorily resolved through step 6, an appeal in writing and with all relevant material may be submitted for consideration to the Graduate Dean. This appeal must be filed within 20 working days of receiving the decision of the Dean of the Walton College. Any appeal at this level shall be on the basis of the complete written record and may involve interviews with any party to the grievance. The Graduate Dean shall make a decision on the matter within 20 working days from the date of receipt of the appeal. His/her decision shall be forwarded in writing to the Walton College Dean, the student, and the respondent. 10. Either party to the grievance may appeal the decision of the Graduate Dean by appealing to the Provost/Vice Chancellor for Academic Affairs of the University of Arkansas. The appeal must be submitted in writing and with all relevant material attached. This appeal must be filed within 20 working days of receiving the decision of the Graduate Dean. Any appeal at this level shall be on the basis of the complete written record only and will not involve interviews with any party to the grievance. The Provost/ Vice Chancellor for Academic Affairs shall make a decision on the matter within 20 working days from the date of receipt of the appeal. His/her decision shall be forwarded in writing to the Graduate Dean, the Dean of the Walton College, the student and the respondent. This decision is final. 11. If any party to the grievance violates this policy, he/she will be subject to either losing the assistantship position or losing the assistantship. When alleging such a violation, the aggrieved individual shall contact the Walton College Dean or the Graduate Dean, in writing, with an explanation of the violation. DEGREES OFFERED The faculty of the Graduate School, under the authorization of the Board of Trustees, grants the following degrees offered by the Graduate School of Business. The graduate faculty, as represented by the Dean of the Graduate School and through the Graduate Council, has primary responsibility for the development, operating policies, administration, and quality of these programs. Operating through the Graduate Dean, the faculty appoints committees that directly supervise the student s program of study and committees, which, in turn, monitor research activities and approve theses and dissertations. Doctor of Philosophy in Economics Doctor of Philosophy in Business Administration Concentration Areas: Accounting Information Systems Finance Management Marketing Supply Chain Management (pending approval) Master of Accountancy Master of Arts in Economics Master of Business Administration Master of Information Systems Overview Master s Degrees in the Sam M. Walton College of Business Each Master s Degree in the Sam M. Walton College of Business is designed to prepare a student for a career in the professional world of business. The programs provide a broad-based education where critical thinking, creative problem solving and professional resolve are encouraged. Much of the curriculum is team-based, simulating experience in the corporate environment. Successful students have demonstrated potential for growth, maturity, motivation and leadership. Overview Ph.D. Programs in the Sam M. Walton College of Business The Ph.D. programs in Business Administration and Economics are designed primarily to prepare individuals for teaching, research, service, and collegial roles in academic and research institutions. The degree programs provide: a) an exposure to the functional areas of business, b) intensive study of the relevant body of knowledge in a focused area, and c) skills and tools to conduct research in that area. Through an agreement with the Academic Common Market, residents of certain Southern states may qualify for graduate enrollment in this Ph.D. degree program (with the emphasis in accounting) as in-state students for fee purposes. Please see the Graduate School s website for general information 179

13 regarding the declaration of intent, candidacy examinations, dissertation requirements, and final examinations. An M.B.A. or other appropriate master s degree is generally required for admission. Individuals admitted to the program may be required to take additional courses in accounting, business law, computer information systems, statistics, finance, economics, management, or marketing. The additional courses will be determined by the adviser in the student s concentration with the approval of the Sam M. Walton College of Business Associate Dean for Research and Graduate Programs. Students apply for admission to one of the following concentrations: Accounting Information Systems Finance Management Marketing Supply Chain Management (pending approval) Requirements for the Ph.D. Programs in the Sam M. Walton College of Business: 1. Course work and seminars: The requirements for the Ph.D. in Business Administration and Ph.D. in Economics will consist of a program of research, appropriate course work, seminars, and independent study as specified by the student s program. 2. Comprehensive Examination: Satisfactory completion of a comprehensive examination in the concentration is required. 3. Dissertation: A dissertation will be written and successfully defended in the concentration. Graduate School of Business Departments and Course Descriptions ACCOUNTING (ACCT) 180 Vernon Richardson Department Chair and S. Robson Walton Chair in Accounting 401 Walton College of Business Linda Myers Ph.D. Program Director Gary Peters M.Acc. Program Director S. Robson Walton Chair in Accounting Professor Richardson Doyle Z. and Maynette Derr Williams Chair in Professional Accounting Professor Pincus Ralph L. McQueen Distinguished Chair of Accounting Professor Myers (J.) Walter B. Cole Chair of Accounting Professor Bouwman Nolan E. Williams Lecturer in Accounting Professor Norwood Doris M. Cook Chair in Accounting Associate Professor Peters Garrison-Wilson Chair in Accounting Associate Professor Myers (L.) BKD Lectureship in Accounting Clinical Associate Professor Leflar Assistant Professor Sanchez (J.M.), Cassell, Huang, Chi, Keshek Instructor Cooper, Widener Degrees Conferred: Ph.D. in Business Administration, Accounting Concentration Master of Accountancy The Master of Accountancy (M.Acc.) program is accredited by the AACSB International The Association to Advance Collegiate Schools of Business. AACSB accreditation assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business administration and accounting. The Master of Accountancy program provides rigorous preparation at the graduate level for students to achieve success in their chosen career path in public practice, industry, or government. Students entering the program are expected to have an undergraduate degree or significant background in accounting. Building on the knowledge developed as an undergraduate, the M.Acc. courses broaden, extend, and integrate the student s knowledge. Students completing the M.Acc. program develop the following skills: 1) Research: Students will be able to access, assess, and apply the appropriate standards, regulations, or other information needed to address accounting and business problems. 2) Risk Analysis: Students will understand business risk, how it affects decisions and how to create strategies to mitigate risk. 3) Problem Solving and Decision Making: Students will be able to identify problems, consider alternative solutions, analyze the pros and cons of each alternative and support their conclusions. The M.Acc. program is a full-time program designed to be completed in one year. Admission to Degree Program: The M.Acc. program is open to students who have an acceptable undergraduate grade-point average, an acceptable Graduate Management Admission Test (GMAT) score, and (international students only) an acceptable TOEFL or IELTS score. Students entering the program are expected to possess a basic understanding of statistics, mathematics, information systems, accounting, and business. Course work deficiencies must be resolved at the beginning of the program. Requirements for the Master of Accountancy Degree: Students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting will be required to complete 30 semester hours of course work beyond the baccalaureate degree, at least 21 semester hours of which must be in courses reserved exclusively for graduate students. Prior accounting and computer courses must either have been successfully completed within the five years prior to entry to the M.Acc. program, or the student must provide other evidence of current knowledge in these areas. Otherwise, applicants may be required to repeat selected courses. All students must be enrolled for a minimum of 12 hours during consecutive fall/spring semesters. The student must be in residence a minimum of 24 weeks (see residency requirements of the Master of Arts/Master of Science). Course work in the accounting discipline beyond introductory accounting must include coverage of each of the following areas: a. financial accounting and accounting theory b. management accounting and cost accounting c. accounting information systems d. financial and operational auditing e. taxation Eighteen semester hours of accounting are required, 12 hours of which are specified: ACCT 5413 Advanced Financial Accounting ACCT 5433 Fraud Prevention and Detection ACCT 5953 Assurance Services ACCT 5873 Advanced Taxation

14 A minimum of six semester hours of the student s program must be non-accounting electives. Six semester hours may be either accounting or non-accounting electives. A student may transfer to the M.Acc. program not more than six hours of graduate level credit from an AACSB-accredited graduate program, provided that each course has a grade of B or better, and the courses are acceptable to the departmental M.Acc. committee. Students contemplating transfer of credit should consult in advance with both the M.Acc. Adviser and the Graduate School of Business. In addition to the degree requirements noted above, students with no undergraduate work in business administration and economics will be required to complete the courses or their equivalents listed below. Students with some background in business administration and economics, but with deficiencies in the following areas, will be required to remove these deficiencies as soon as possible. Financial management Legal environment Management concepts/organization behavior Management information systems Marketing principles Microeconomics and macroeconomics Production/operations management Statistics A cumulative grade-point average of 3.00 is required on 1) graduate work taken for the degree and 2) all accounting courses (both undergraduate and graduate) taken for the degree. At least 75 percent of the graduate credit hours submitted for the degree must be A or B grades. The M.Acc. degree program does not require a thesis. Successful completion of a Master of Accountancy Degree from the University of Arkansas will qualify a student to take relevant professional examinations. For further information, write to the Graduate School of Business, Sam M. Walton College of Business, University of Arkansas, Willard J. Walker Hall 310, Fayetteville, AR 72701, or gsb@walton.uark.edu. B.S.B.A./M.ACC.: Integrated Program The integrated program to the Master of Accountancy is a five-year program of undergraduate and graduate coursework that allows outstanding students to earn the B.S.B.A. and the Master of Accountancy (M.Acc.) degrees at the same time. The professional curriculum, which usually begins in the student s senior year, includes specially designed accounting courses taught in relatively small classes by full-time faculty members. Students accepted into the integrated degree program may concurrently enroll in undergraduate and graduate level courses. Because M.Acc. graduates are expected to become leaders in the accounting profession, highly motivated students with the personal qualities and intellectual capacity to establish successful careers in public accounting, industry, not-for-profit organizations, and higher education are encouraged to apply. Admission: Students are admitted to the integrated program according to the following requirements. Admission is granted only for the fall semester; June 1 is the application deadline for those who wish to begin the integrated program the following fall. Students interested in this program must have completed 90 credit hours of study towards the baccalaureate degree (including ACCT 2013, ACCT 3533, ACCT 3613, ACCT 3723) by the June 1 deadline: Acceptance into the integrated program is based upon the discretion of the admissions committee. The committee considers the overall quality of the applications including the overall grade point average, the grades in ACCT 2013, ACCT 3533, ACCT 3613, ACCT 3723 and the Graduate Management Admission Test (GMAT), as well as other relevant examples of academic ability and leadership. To receive serious consideration by the admissions committee, a student should have a minimum GPA of 3.0 within the applicant s overall university and accounting coursework. Due to the demand for seats in the program, the admissions committee selectively restricts admission into the program based upon the availability of instructional resources. Students must complete at least two long-session semesters in residence in the M.Acc. program. Transfer students will be handled on a case-by-case basis. Satisfactory Progress: Students are expected to make continuous progress toward the degree by completing required accounting coursework each semester. Students who fail to meet the requirements for the M.Acc. program must choose another major of study or finalize their B.S.B.A. in Accounting. Students will be notified before this action is taken and should meet with an academic advisor in the Undergraduate Programs Office upon notification. Probation: A student is placed on probation if his or her grade point average in core undergraduate accounting courses falls below Except with the consent of the M.Acc. Program Director a student on probation may not take graduate accounting courses. Graduation: To receive an integrated B.S.B.A/M.Acc. degree, a student must have a grade point average of at least 3.00 in all coursework taken as part of the minimum thirty hour M.Acc. degree. He or she must also have a grade point average in graduate accounting coursework of at least Degree Requirements: The requirements of B.S.B.A./M.Acc. Integrated program are: 1. Undergraduate coursework a. Complete the requirements for the B.S.B.A. degree requirements and Accounting Major Requirements detailed above. b. Students are strongly encouraged, but not required, to participate in an accounting internship, ACCT 310V. 2. Graduate coursework Students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting will be required to complete 30 semester hours of course work beyond the baccalaureate degree, at least 21 semester hours of which must be in courses reserved exclusively for graduate students.. All students must be enrolled for a minimum of 12 hours during consecutive fall/spring semesters. The student must be in residence a minimum of 24 weeks (see residency requirements of the Master of Arts/Master of Science). A minimum of 18 semester hours of accounting are required, 12 hours of which are specified: ACCT 5413 Advanced Financial Accounting ACCT 5433 Fraud Prevention and Detection ACCT 5953 Assurance Services ACCT 5873 Advanced Taxation A minimum of six semester hours of the student s graduate program must be non-accounting electives. The M.Acc. degree program does not require a thesis. Successful completion of integrated B.S.B.A/M.Acc program from the University of Arkansas will qualify a student to take relevant professional examinations. For further information, write to the M.Acc. Adviser, Department of Accounting, Walton College of Business,, AR or contact the Graduate School of Business at gsb@walton.uark.edu. Ph.D. in Business Administration, Accounting Concentration Program Structure The doctoral program in accounting consists of the following elements: course work, two summer papers, a comprehensive examination, and a dissertation. The latter involves an oral defense of both the dissertation proposal as well as the final dissertation. It is anticipated that all required course work, including accounting seminars, tool courses, and supporting courses, will be 181

15 completed in two to two and a half years (a total of 42 hours excluding colloquium and dissertation credit). Students must recognize a joint responsibility in their preparation to perform research and, in some cases, may wish to take courses beyond those specified to strengthen their skills and abilities in fields that will contribute to successful completion of their dissertation. The seminars will be offered in alternating years, A and B, respectively. Year A: Seminar I covers research methods and research design, with an emphasis on disclosure choices and consequences. Seminar II presents an overview of accounting research, focusing on auditing and corporate governance. Year B: Seminars III and IV present and overview of accounting research, and emphasize capital markets research and selected research topics respectively. After these four seminars, students are able to select an area of specialization. The expectation is that students take two specialized seminars. For example, students could take seminars offered by the Finance Department. Research Tools Required Courses: ECON 5213 Mathematics for Economic Analysis ECON 5613 Econometrics I ECON 6623 Econometrics II ECON 5533 Microeconomic Theory I Elective Courses: (select at least two courses from the following) ECON 6233 Microeconomic Theory II ISYS 5623 Statistical Analysis ISYS 5613 Business Applications of Non-Parametric Statistics ISYS 5723 Computer Methods in Research MKTG 6433 Seminar in Research Methods Supporting Courses Nine hours of supporting courses are selected by the student in consultation with the accounting doctoral program coordinator. Generally such courses should be concentrated in a specific field in business or out-side business (e.g. psychology, sociology, etc.) to meet the objectives of the student s program. All supporting courses taken must be completed with a grade of B or higher prior to sitting for the written comprehensive examination in Accounting. Research Requirement The Accounting Doctoral Program emphasizes the development of strong analytic skills and the mastery of sophisticated research methods. The program involves doctoral students in research at the beginning of the program. The intent of the first year research project is for students to explore an area of scholarship and to develop skills to conduct original research within a team framework. During the first and second years, under the direction of a qualified faculty member or members, the student identifies an area of interest that would lead to a summer working paper. The summer project is a concerted scholarly effort with faculty providing broad, but detailed formal guidance. The goal is to produce a paper publishable in a highly respected, academic journal, which may be co-authored by the doctoral student and the faculty member or members. Requirements for the research teams include highly motivated students, strong faculty involvement, structured projects, commitment to deadlines, commitment to goals, and continuous project review. Comprehensive Examination After satisfactory completion of all required course work, each Ph.D. student must pass a written comprehensive examination prepared by the Doctoral Program Committee of the Department of Accounting and administered on a date selected by the Doctoral Program Committee. Each student is expected to take the written comprehensive exam within 36 months after starting coursework. If the written comprehensive examination is failed, it should be retaken 182 within 6 months after the failure on a date selected by the Doctoral Program Committee of the Department of Accounting. If the written comprehensive is failed a second time, and if the Doctoral Program Committee allows a third sitting, the examination must be retaken within 6 months after the second failure. Failure to satisfactorily complete the written comprehensive examination results in termination from the program. Summer Paper Students are required to complete summer papers during the first and second years of their residence. The summer papers represent an opportunity to practice the development and execution of a complete research project under the guidance and tutelage of an experienced faculty member or members. They constitute the final practice run before embarking on the dissertation. In addition, the summer papers provide an opportunity to explore a specific area of accounting as a potential source for dissertation research. A final benefit of the summer papers is the development of manuscripts that are expected to yield publications by the time the student completes the program or afterward. Accounting (ACCT) ACCT410V Special Topics in Accounting (Irregular) (1-3) Explore current events, concepts and new developments relevant to Accounting not available in other courses. Prerequisite: ACCT 3723 with a grade of C or better. May be repeated for credit. ACCT4673 Product, Project and Service Costing (Fa) Cost systems with emphasis on information generation for cost management of products, projects and services. The course includes spreadsheet and other computer program analysis. Prerequisite: ACCT 3723 with a grade of C or better. ACCT4963 Audit and Assurance Services (Sp) Professional standards and procedures as applied to external and internal assurance engagements. Including coverage of the economic role of assurance providers, engagement planning, risk assessment, evidence gathering, and reporting. Prerequisite: ACCT 3723 with a grade of C or better. ACCT5223 Accounting for Supply Chain & Retail Organizations (Fa) Highlights the role played by accounting information in managing supply chains and retail operations. Provides tools for managing cost flows, including activity-based costing, retail accounting, and operational budgeting. Focuses on improving decision making processes, and linking the impact of retail/supply chain decisions to financial statements and shareholder value. ACCT5413 Advanced Financial Accounting (Fa) Integrated course which examines the financial reporting, tax, managerial, systems and auditing aspects of major corporate restructurings arising from events such as mergers, acquisitions, spinoffs, reorganizations and downsizing. Prerequisite: ACCT 3753 with a grade of C or better. ACCT5433 Fraud Prevention and Detection (Fa) An examination of various aspects of fraud prevention and detection, including the sociology of fraud, elements of fraud, types of fraud involving accounting information, costs of fraud, use of controls to prevent fraud, and methods of fraud detection. Prerequisite: MBAD 512V with a grade of C or better. ACCT5443 Asset Management (Sp) Managing assets to achieve corporate strategy. Included are issues such as strategy formulation, acquisition processes, internal controls, system requirements, accounting measurements, inventory models, re-engineering, capital budgeting, tax issues, and discussion of current business events that have ethical implications. Prerequisite: MBAD 513V with a grade of C or better. ACCT5463 Financial Statement Analysis (Sp) This course is designed to study financial statements and their related footnotes; tools and procedures common to financial statement analysis; the relationships among business transactions, environmental forces (political, economic, and social), and reported financial information; and how financial statement information can help solve certain business problems. Prerequisite: ACCT 3723 with a grade of C or better. ACCT549V Special Topics in Accounting (Sp, Fa) (1-3) Seminar in current topics not covered in other courses. Students may enroll in one or more units. May be repeated for up to 3 hours of degree credit. ACCT5873 Advanced Taxation (Fa) In-depth coverage of the tax treatment of corporations including advanced tax issues. Introduction to tax research including the organization and authority of tax law; accessing and using the tax law; and, applying tax law to taxpayer scenarios. Prerequisite: ACCT 3843 or equivalent with a grade of C or better. ACCT5883 Individual Tax Planning (Sp) In-depth coverage of the tax treatment of passthrough business entities including advanced tax issues. Overview of the income tax treatment of estates and trusts. Overview of the essentials of estate and gift taxation. Prerequisite: MBAD 512V or ACCT 3843 each with a grade of C or better. ACCT5953 Auditing Standards (Fa) Professional aspects of financial statement auditing and registered auditors. Including ethics and legal responsibilities; internal control testing; critical evaluation of evidence; application of sampling; and reporting problems. Prerequisite: ACCT 4963 with a grade of C or better. ACCT6013 Graduate Colloquium (Irregular) Presentation and critique of research papers and proposals. May be repeated for up to 9 hours of degree credit. ACCT6033 Accounting Research Seminar I (Irregular) First course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, managerial accounting, behavioral accounting, ACCT6133 Accounting Research Seminar II (Irregular) Second course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT ACCT6233 Accounting Research Seminar III (Irregular) Third course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT ACCT636V Special Problems in Accounting (Sp, Fa) (1-6) Special research project under supervision of a graduate faculty member. ACCT6433 Accounting Research Seminar IV (Irregular) Fourth course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content

16 reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT ACCT6633 Accounting Research Seminar V (Irregular) Fifth course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT ACCT700V Doctoral Dissertation (Sp, Fa) (1-18) Prerequisite: Candidacy. BUSINESS ADMINISTRATION (WCOB) Moez Limayem Associate Dean for Research and Graduate Programs 328 Walton College of Business Faculty are listed by department. Degrees Conferred: Graduate Certificate in Entrepreneurship M.B.A. Ph.D in Business Administration Master of Business Administration The Master of Business Administration program is accredited by the Association to Advance Collegiate Schools of Business (AACSB International). The M.B.A. degree is directed at students preparing for a professional career. It requires graduate credit hours of study for students with an adequate undergraduate background. Students without the necessary academic background may be required to take additional hours prior to enrollment in the M.B.A. program. Three plans of study are offered: the full-time program, the managerial (part-time) program and the executive program (offered in Shanghai, China). The full-time program can be finished in 16 months; the managerial program requires a minimum of 24 months of study; the executive program can be completed in 17 months. The degree is a non-thesis program. See page 171 for M.B.A. academic dismissal policy. The full-time M.B.A. program comprises 28 hours of core courses, a 9 hour concentration track, 5 hours of professional development, a 3 hour consulting project or a 4 th graduate business elective, and a 3 hour internship or study abroad for a total of 48 credit hours. The part-time managerial MBA program is a lock-step sequence beginning with an introduction to the value chain, nine core business courses, a capstone project, and a two-course sequence in strategic retail management. The executive MBA program consists of a lock-step sequence of core business courses and a capstone project. Areas of Concentration: The M.B.A. full-time program has four defined areas of concentration: Retail Marketing Management, Supply Chain Management, Financial Management, and Entrepreneurship and Innovation. The managerial M.B.A. program offers a single concentration in value chain optimization in the consumer products and retail sectors. The executive M.B.A. program is focused on consumer packaged goods and retail industries, especially those based in China. Prerequisites to Degree Program: Students entering the M.B.A. program are expected to have already mastered basic business concepts in the areas of information technology, quantitative analysis, accounting, finance, economics, marketing, management, and business law. Mastery of the aforementioned topics must be demonstrated before entering the program. Admission to Degree Program: Students must be admitted to the Graduate School of Business and to the M.B.A. program by the M.B.A. Admissions Committee. Admission to the M.B.A. program is based upon an acceptable Graduate Management Admission Test (GMAT) score, an acceptable gradepoint average, recommendations, essays, and related work experience. For specific admission requirements in addition to general admission requirements for the M.B.A. program, please access the information online at gsb.uark.edu or contact: MBA Program Director 310 Willard J. Walker Hall 1 University of Arkansas Fayetteville, AR Requirements for the Master of Business Administration Degree, Full time Program: Spring I (16 hours) MKTG 5103 Retail Consumer Marketing TLOG 5633 Retail & Consumer Products Supply Chain Management FINN 5223 Financial Markets & Valuation ISYS 5363 Business Analytics ECON 5243 Economics of Supply Chain & Retail MBAD 5511Special Topics in Business Summer (3 hours) MBAD 5353 MBA Internship Or MBAD 5363 Special Problems in Business: Study Abroad Fall (15 hours) MGMT 5223 Managing and Leading Organizations ACCT 5223 Accounting for Supply Chain & Retail Operations MBAD 5241 Ethical Decision Making MBAD 5511 Special Topics in Business MBAD 5511 Special Topics in Business Career Track Course Career Track Course Spring II (14 hours) MGMT 5313 Strategic Management ISYS 5433 Enterprise Systems MBAD 5413 Partnering Project or a 4 th graduate business elective MBAD 5511 Special Topics in Business Career Track Course Full-time MBA Defined Career Tracks Retail Marketing Management MKTG 5553 Shopper, Buyer, and Consumer Behavior MKTG 5433 Consumer and Marketing Research MKTG 5333 Retailing Strategy and Processes Supply Chain Management TLOG 5653 Global Logistics and Supply Chain Management TLOG 5643 Transportation Strategies in the Supply Chain TLOG 5673 Modeling Retail and Consumer Products Logistics Financial Management FINN 5443 Retail Finance FINN 5333 Investment Theory and Management FINN 5413 Shollmier Portfolio Class Entrepreneurship & Innovation MGMT 5323 New Venture Creation MGMT 5363 Innovation & Creativity MKTT 5433 Consumer and Market Research OR WCOB 510V Special Topics in Business: Entrepreneurial Finance Managerial (part-time) Program: Pre-Fall MBAD 5602 Introduction to the Value Chain 183

17 184 Fall MBAD 5613 Financial Accounting MBAD 513V Information Technology and Decision Making Spring MBAD 523V Economics of Management and Strategy MBAD 511V Corporate Financial Management Summer MBAD 521V Leading High Performance Organizations MBAD 512V Accounting Decisions and Control Fall MBAD 522V Managing Ideas, Products, and Services TLOG 5663 Supply Chain Management Spring MGMT 5313 Strategic Management MKTG 5333 Retailing Strategy and Processes Summer MBAD 5433 Capstone Project MGMT 5373 International Management Executive M.B.A. Program Spring TLOG 5633 Retail and Consumer Products Supply Chain Management ACCT 5223 Accounting for Supply Chain and Retail Operations MBAD 591V Capstone Project Summer MKTG 5553 Shopper, Buyer and Consumer Behavior MBAD 592V Capstone Project Fall FINN 5443 Retail Finance MBAD 577V China Business Law and Regulations ECON 5243 Economics of Supply Chain and Retail MBAD 593V Capstone Project Spring MKTG 5103 Retail Marketing ISYS 5433 Enterprise Systems TLOG 5653 Global Logistics and Supply Chain Management MGMT 5223 Managing and Leading Organizations MBAD 594V Capstone Project M.B.A./J.D. Program For students interested in obtaining both the M.B.A. and J.D. (law) degrees, the M.B.A./J.D. dual degree program is available. This program allows the student to receive both the M.B.A. degree and the J.D. degree. The program requires separate application and admission to both the School of Law and the Graduate School of Business and the M.B.A. degree program. Students participating in the M.B.A./J.D. program must file a degree plan for both degrees and obtain approval prior to taking elective courses to be used for reciprocal credit. Interested students should obtain bulletins and applications from both the School of Law and the Graduate School of Business. If the student is accepted into both programs, a maximum of six hours of approved upper-level elective law courses may be used as duplicate credit toward the M.B.A. degree and a maximum of six hours of approved graduate courses in business administration may be used as duplicate credit toward the J.D. degree, thus reducing the total time necessary for completion of the degrees. M.B.A./M.P.S. Concurrent Degrees Students interested in obtaining both the Master of Business Administration (M.B.A.) and the Clinton School of Public Service Master of Public Service (M.P.S.) degrees may pursue both degrees concurrently. The programs require separate application and admission to both the Clinton School of Public Service and the Graduate School of Business M.B.A. program. Students participating in the M.B.A./M.P.S. programs concurrently must file a degree plan for both degrees and obtain prior approval to take courses to be used for reciprocal credit. Interested students should obtain applications from both the Walton College Graduate School of Business and the Clinton School of Public Service. Graduate Certificate in Entrepreneurship The Graduate Certificate in Entrepreneurship is designed to give nonbusiness graduate students a foundation in the core aspects of entrepreneurship they will need to start successful enterprises, to create and promote new products or service offerings in existing organizations, or to engage in social entrepreneurship. The Certificate program is open to all non-business graduate students at the University of Arkansas, and graduate students from all majors are encouraged to participate. Students who complete the Graduate Certificate in Entrepreneurship will have explored the context, tools, and processes of entrepreneurial activity and will have learned how to apply them to commercial and non-commercial enterprises. Admission Requirements: The Graduate Certificate in Entrepreneurship is open to all non-business graduate students who are in good standing with the graduate school. Students must apply and be admitted to the Graduate School of Business. Information regarding Graduate School of Business admission requirements can be found earlier in this chapter. Requirements for the Graduate Certificate in Entrepreneurship: (12 hours) To receive the Graduate Certificate in Entrepreneurship, students are required to take 9 hours of coursework in the Walton College of Business and 3 hours of electives related to entrepreneurship in either the Walton College or in another college at the University of Arkansas. Elective courses other than those listed below may be approved by the Director of the Certificate program. Some elective courses have prerequisites that are not met by courses in the certificate program. Students are advised to check prerequisites prior to enrolling in a course. Required Courses (9 hours) MGMT 5213 Foundations of Business for Entrepreneurs MGMT 5323 New Venture Development MBAD 5413 Business Plan Project Elective Course (3 hours) Students should choose three hours of coursework from among the following: Dale Bumpers College of Agricultural, Food, and Life Sciences AGEC 5113 Agricultural Marketing Analysis AGEC 5143 Financial Management in Agriculture AGEC 5413 Agribusiness Strategy BENG 5713 Food Product and Process Development (joint with College of Engineering) HESC 4463 Administration and Evaluation of Child Development Programs HESC 4903 Recent Advances in Manufacturing and Merchandising J. William Fulbright College of Arts & Sciences ARTS 493V Fine Arts Gallery Internship ARTS 494V Graphic Design Internship COMM 5403 Organizational Communication COMM 5423 Seminar in Mass Media Cognition JOUR 5063 Issues in Advertising and Public Relations JOUR 5323 Documentary Production I Walton College of Business FINN 636V Special Topics in Finance: Entrepreneurial Finance MBAD 535V Internship

18 MGMT 5993 Entrepreneurship Practicum MGMT 5363 Innovation and Creativity MKTG 5433 Consumer and Market Research MKTG 5553 Shopper, Buyer, and Consumer Behavior College of Education and Health Professions HKRD 5883 Sports Facilities Management KINS 5473 Administration in Athletic Training RECR 5843 Tourism College of Engineering INEG 4433 Systems Engineering and Management INEG 4443 Project Management INEG 5423 Engineering in Global Competition INEG 5623 Analysis of Inventory Systems Graduate School MEPH 5383 Research Commercialization and Product Development MEPH 5821 Ethics for Scientists and Engineers MEPH 5831 Proposal Writing and Management Walton College of Business (WCOB) WCOB500V Study Abroad (Sp, Su, Fa) (1-6) Open to graduate students studying abroad in officially sanctioned programs. May be repeated for up to 12 hours of degree credit. WCOB510V Special Topics in Business (Irregular) (1-3) Special business topics of an interdisciplinary nature. May be repeated for up to 6 hours of degree credit. WCOB5213 ERP Fundamentals (Su, Fa) An introduction to enterprise resource planning systems. Students should gain an understanding of the scope of these integrated systems that reach across organizational boundaries and can change how a company does business. Implementation issues are covered, including the importance of change management. Prerequisite: Graduate standing. WCOB5223 ERP Configuration and Implementation (Fa) The process of configuring and implementing an enterprise resource planning system. Business process analysis and integration. Students will develop a company and set up several modules in SAP R/3 for use. Develop understanding of how the business processes work and integrate. Prerequisite: WCOB 5213 or equivalent. WCOB5843 Cross-Sector Collaboration for Sustainability (Irregular) This course explores how organizations in the three sectors of society work together in value creation by addressing social and environmental problems. Focusing on business and nonprofit organizations, we investigate the forces that bring about and influence these collaborations from practical and theoretical perspectives, and managerial responses to collaboration challenges. Prerequisite: Graduate Status. WCOB6111 Seminar in Business Administration Teaching I (Fa) This course in college level teaching is designed for graduate students and new college teachers with specific emphasis on the Business Administration learning and classroom management. The purpose of this course is to introduce graduate students to principles of teaching and learning and to prepare these future teachers to lifelong learners in the classroom as teachers. Prerequisite: Graduate standing. Master of Business Admin (MBAD) MBAD511V Corporate Financial Management (Sp) (2-3) Financial analysis, planning and control; decision making and modeling for financial managers; and financial policies for management. MBAD512V Accounting Decisions and Control (Su) (2-3) Preparation and utilization of financial information for internal management purposes: planning and special decisions, cost determination, performance evaluation, and controls. MBAD513V Information Technology and Decision Making (Fa) (2-3) Utilization of information, quantitative techniques, and computer application in decision making and problem solving for managers. MBAD521V Leading High Performance Organizations (Irregular) (2-3) Managing in a global workforce, including human resource issues, motivation, performance evaluation, quality concepts, transformational leadership, and selection/ recruitment/ development of employees. MBAD522V Managing Ideas, Products, and Services (Irregular) (2-3) Product management, market research, marketing communications, retailing and distribution, consumer behavior, and social and ethical implications of marketing. MBAD523V Economics of Management and Strategy (Irregular) (2-3) Information economics and applied game theory. MBAD5241 Ethical Decision Making (Fa) Business Ethics will address business ethics issues from a personal, professional, and organizational perspective. We will cover basic ethical decision-making frameworks to help inform students personal moral frameworks, ethical issues that are most relevant to managers of modern organizations, and the role of business in society MBAD535V MBA Internship (Su) (1-3) This course allows a student to experience an internship within a business and benefit from the applied experience. The internship may be designed to offer a wide range of business experiences. The internship must be supervised by a faculty member as well as a member of the firm. MBA Director approval required. May be repeated for up to 3 hours of degree credit. MBAD536V Study Abroad-Special Problems (Su) (1-3) Provides MBA students with the opportunity to explore a business problem in depth under the guidance of a graduate faculty member. MBA Director approval required. May be repeated for credit. MBAD5413 Partnering Project (Irregular) A large-scale, real world, 10 week project involving hands-on work addressing issues faced by managers in partnering firms. Corequisite: Instructor consent. Prerequisite: MGMT MBAD5433 Capstone Project (Su) A large-scale project integrating various business topics. Prerequisite: MGMT MBAD5511 Professional Development -- Special Topics In Business (Sp, Fa) A concentrated emphasis on one business topic. Corequisite: MBAD 5212, MBAD 5122 and MBAD Prerequisite: MBAD May be repeated for up to 5 hours of degree credit. MBAD5602 Introduction to the Value Chain (Fa) An introduction to the value chain concept, the underlying framework of the Managerial MBA program. Topics include the primary value chain activities of inbound logistics, operations, outbound logistics, marketing and sales, and service, as well as the support activities of procurement, technology development, human resource management and firm infrastructure. MBAD5613 Financial Accounting (Fa) This course covers the preparation and use of financial statements of publicly held corporations in the United States. Topics include the theory and rules used in financial statement preparation, a comparison of United States rules to International Accounting Standards, the analysis of financial statements to provide inter-company and industry comparisons and information about the financial statements of non-profit and governmental organizations. MBAD5773 China Business Law, Regulations, and Ethics (Irregular) Business law in China that is relevant to managers; Chinese regulations particularly relevant to consumer products and retail; business ethics in China. MBAD591V Capstone Project Definition (Irregular) (1-3) Identification of business processes for capstone project, including: estimation of the size of the opportunity, identification of key decisions, and proposal write up. MBAD592V Capstone Project Plan (Irregular) (1-3) Second estimation of the size of the project benefit, identification of how the current process operates, assumptions identified, literature investigated, performance metrics, and Gantt chart for project. MBAD593V Capstone Project Management (Irregular) (1-3) Management of the project, including frequent updates, milestone accomplishment, strategies to overcome challenges, and creation of an implementation plan. MBAD594V Capstone Project Final Deliverables (Irregular) (1-3) Write up of entire capstone project, presentation of project, estimates of value, implementation plan, performance metrics, and change management plan. ECONOMICS (ECON) Gary Ferrier Department Chair 402 Walton College of Business ECON (3266) Raja Kali Ph.D. Program Director 425 Walton College of Business University Professors Britton, Gay Lewis E. Epley Jr. Professorship in Economics Professor Ferrier Margaret Gerig and R.S. Martin Jr. Chair in Business Professor Farmer Professors Curington, Deck, Dixon, Horowitz, Ziegler ConocoPhillips Chair in International Economics and Business Associate Professor Kali Associate Professors Mendez, Reyes Assistant Professors Civelli, Gu, Hao, Jahedi Clinical Associate Professor Stapp Clinton Assistant Professor Embaye Degrees Conferred: M.A., Ph.D. (ECON) Master of Arts in Economics Prerequisites to Degree Program: Applicants for graduate studies in economics must meet the requirements of the Graduate School of Business and be accepted by the Department of Economics. The requirements are (1) a bachelor s degree from an accredited institution with a satisfactory grade-point average, (2) a satisfactory score on the Graduate Record Examinations (GRE) and (3) satisfactory performance in the following courses: intermediate microeconomics, intermediate macroeconomics, statistics, two semesters of calculus, and linear algebra. Students from all academic backgrounds are encouraged to apply. Degree Options: Students must select the Non-Thesis or Thesis option. Both options combine a study of economic theory, applied econometrics and an applied field that will prepare students for careers in the private or public sector, or for doctoral programs. The Non-Thesis option can be completed in one year. The Thesis option is for students who seek more advanced skills. It requires additional coursework and a thesis, and will take three or four semesters to complete. Common Requirements for the Master of Arts Degree, Non-Thesis and Thesis Options: All master s students must satisfactorily complete the 30 hours of course work listed below. Students must have a 3.00 cumulative grade point average in order to graduate. If at any point, a student s cumulative 185

19 GPA falls below a 3.00, the student will be placed on academic probation. A student with a cumulative GPA below 3.00 for two consecutive semesters will be dismissed from the program. Core Requirements: 24 hours ECON 5233 Mathematics for Economic Analysis ECON 5533 Microeconomic Theory I ECON 6233 Microeconomic Theory II ECON 5433 Macroeconomic Theory I ECON 6243 Macroeconomic Theory II ECON 5613 Econometrics I ECON 5623 Econometrics II ECON 643V Fall Seminar ECON 644V Spring Seminar Applied Field Concentration: 6 hours. Each student shall complete at least six hours of coursework in one applied field. Students who seek advanced training in applied economics and business in preparation for entering business or government employment should select one of the following fields: finance, accounting, marketing, transportation, information systems, or quantitative methods. Students who plan to enter a doctoral program should choose mathematics or statistics as their field. Other concentrations are possible with the approval of the Program Coordinator. Graduate Seminar (3 hours): Students must register for at least one hour of graduate seminar each semester they are in residence. Additional Degree Requirements, Non-Thesis Option (30 hours): In addition to 30 hours of required coursework, students who select the nonthesis option must take a comprehensive exam. Students must pass written exams in microeconomics and macroeconomics. These exams will normally be given in the summer after course work is completed. Each exam has three possible grades: Pass, Marginal Pass, and Fail. Students must earn at least a Marginal Pass on both exams. Students do not have to be enrolled for course work when taking the comprehensive exam. Additional Degree Requirements, Thesis Option (Minimum of 42 hours): This option is intended for students who seek the acquisition of advanced analytical and research skills. Students who select the Thesis option must pass 30 hours of required coursework specified above, 12 additional hours of coursework 6 hours approved by the Program Director and 6 hours of thesis credit, and pass a comprehensive exam. The comprehensive exam will take the form of a formal thesis defense. Financial Assistance: A limited number of merit based graduate assistantships are awarded to students, typically for one year of study. Students in the Thesis option may be considered for continued funding after the first year of the Masters program if they possess a minimum GPA of 3.75 in their graduate coursework during their first year in the program and are recommended by the graduate committee in economics. Such funding will be offered strictly on the basis of merit and is subject to availability of funds. Ph.D. in Economics Prerequisites to Degree Program: Students may enter the program directly from a bachelor s degree or a master s degree program. Applicants for graduate studies in economics must meet the requirements of the Graduate School of Business and be accepted by the Department of Economics. The requirements are (1) a bachelor s degree from an accredited institution with a satisfactory grade-point average, (2) a satisfactory score on the Graduate Record Examinations (GRE) and (3) satisfactory performance in the following courses: intermediate microeconomics, intermediate macroeconomics, statistics, two semesters of calculus, and linear algebra. Students from all academic backgrounds are encouraged to apply. 186 Requirements for the Doctor of Philosophy Degree: The doctoral program consists of 1. Core requirements 2. Candidacy 3. Field Examinations 4. Dissertation 5. Final Examination Core Requirements: All doctoral candidates must satisfactorily complete the 39 hours of course work listed below. Students must also register for graduate seminar each semester they are in residence. Students must have a 3.00 cumulative grade point average in order to graduate. If at any point, a student s cumulative GPA falls below a 3.00 the student will be placed on academic probation. A student with a cumulative GPA below 3.00 for two consecutive semesters will be dismissed from the program. ECON 5233 Mathematics for Economic Analysis ECON 5533 Microeconomic Theory I ECON 6233 Microeconomic Theory II ECON 5433 Macroeconomic Theory I ECON 6243 Macroeconomic Theory II ECON 5613 Econometrics I ECON 6623 Econometrics II ECON 6633 Econometrics III STAT 5103 Theory of Statistics STAT 5113 Statistical Inference ECON 6713 Industrial Organization I ECON 6723 Industrial Organization II ECON 6813 International Macroeconomics ECON 6823 International Development ECON 6913 Experimental Economics Note: The foregoing requirements are for students who enter the doctoral program directly from undergraduate school. Students whose qualifications exceed the baccalaureate will be evaluated individually in accordance with standards established by the Graduate School and the Walton College of Business. Students who have earned a master s degree in economics at the University of Arkansas or elsewhere may have substantially shorter programs. Candidacy Examinations: Students must pass written examinations in microeconomics and macroeconomics. These exams will normally be given in the summer after a student s first year in the program. Each exam has three possible grades: Pass, Marginal Pass, and Fail. Students must earn at least a Marginal Pass on both exams and a Pass in at least one of the exams. A student will normally have two opportunities to pass each exam with the second opportunity typically occurring in January. If a student s exam scores are not satisfactory, all exams for which a grade of Pass was not earned must be retaken. Only the most recent grade will be used in determining if this requirement has been met. Students will normally have only two attempts to pass the candidacy exams. Failure to successfully complete this requirement will result in a student being dismissed from the program. Field Examination: Ph.D. students will have two fields of study, which will normally be a) Industrial Organization and b) International Macroeconomics and Development. Other fields are possible with the approval of the Program Coordinator. A field will consist of 6 hours of specialized courses (numbered 6000 or above). Students will select one of their two fields as a major field and must pass a Field Examination in that area. This exam will normally be completed in the summer after a student s second year in the program. Failure to success-fully complete this requirement will result in a student being dismissed from the program. Dissertation: The dissertation represents a demonstration of a candidate s ability to select, define, organize, and complete a major research project. It should demonstrate that the student has technical mastery of the field, is capable of doing independent scholarly research, and is able to formulate

20 conclusions which enlarge the body of economic knowledge. Dissertation requirements include (1) a defense of proposal and (2) presentation of an acceptable doctoral dissertation. Students must enroll in a total of 18 hours of dissertation credit. Final Examination: The final examination is normally an oral defense of the student s dissertation. Economics (ECON) ECON4423 Behavioral Economics (Fa) Both economics and psychology systematically study human judgment, behavior, and well-being. This course surveys attempts to incorporate psychology into economics to better understand how people make decisions in economic situations. The course will cover models of choice under uncertainty, choice over time, as well as procedural theories of decision making. Prerequisite: ECON 2023 or ECON ECON4433 Experimental Economics (Irregular) The course offers an introduction to the field of experimental economics. Included are the methodological issues associated with developing, conducting, and analyzing controlled laboratory experiments. Standard behavioral results are examined and the implications of such behavior for business and economic theory are explored. Prerequisite: ECON 2023 or ECON ECON5233 Mathematics for Economic Analysis (Su) This course will develop mathematical and statistical skills for learning economics and related fields. Topics include calculus, static optimization, real analysis, linear algebra, convex analysis, and dynamic optimization. Prerequisite: Graduate standing and MATH 2554 or equivalent. ECON5243 Economics of Supply Chain & Retail (Sp) This course will provide students with a strong foundation in core economics principles, with emphasis on industrial organization issues and applications geared toward the supply-chain and retail focus of the redesigned MBA program. ECON5433 Macroeconomic Theory I (Fa) Theoretical development of macroeconomic models that include and explain the natural rate of unemployment hypothesis and rational expectations, consumer behavior, demand for money, market clearing models, investment, and fiscal policy. ECON5533 Microeconomic Theory I (Fa) Introductory microeconomic theory at the graduate level. Mathematical formulation of the consumer choice, producer behavior, and market equilibrium problems at the level of introductory calculus. Discussion of monopoly, oligopoly, public goods, and externalities. ECON5613 Econometrics I (Fa) Use of economic theory and statistical methods to estimate economic models. The single equation model is examined emphasizing multicollinearity, autocorrelation, heteroskedasticity, binary variables and distributed lags. Prerequisite: MATH 2043 and knowledge of matrix methods, which may be acquired as a corequisite and (AGEC 1103 or ECON 2023) and an introductory statistics course. (Same as AGEC 5613) ECON5853 International Economics Policy (Irregular) An intensive analysis of the operation of the international economy with emphasis on issues of current policy interest. Prerequisite: ECON ECON600V Master s Thesis (Sp, Su, Fa) (1-6) ECON6233 Microeconomic Theory II (Sp) Advanced treatment of the central microeconomic issues using basic real analysis. Formal discussion of duality, general equilibrium, welfare economics, choice under uncertainty, and game theory. ECON6243 Macroeconomic Theory II (Sp) Further development of macroeconomic models to include uncertainty and asset pricing theory. Application of macroeconomic models to explain real world situations. ECON636V Special Problems in Economics (Sp, Su, Fa) (1-6) Independent reading and investigation in economics. May be repeated for up to 9 hours of degree credit. ECON643V Seminar in Economic Theory and Research I (Fa) (1-3) May be repeated for up to 6 hours of degree credit. ECON644V Seminar in Economic Theory and Research II (Sp) (1-3) Independent research and group discussion. ECON6533 Seminar in Advanced Economics I (Irregular) This seminar will cover advanced fields of current research importance in economics. This will facilitate the development of research directions for doctoral study and research. Prerequisite: Graduate standing. ECON6543 Seminar in Advanced Economics II (Irregular) This seminar will cover advanced fields of current research importance in economics. This will facilitate the development of research directions for doctoral study and research. Prerequisite: Graduate standing. ECON6623 Econometrics II (Sp) Use of economic theory and statistical methods to estimate economic models. The treatment of measurement error and limited dependent variables and the estimation of multiple equation models and basic panel data models will be covered. Additional frontier techniques may be introduced. Prerequisite: ECON 5613 or AGEC ECON6633 Econometrics III (Sp) Use of economic theory and statistical methods to estimate economic models. Nonlinear and semiparametric/nonparametric methods, dynamic panel data methods, and time series analysis (both stationary and nonstationary processes) will be covered. Additional frontier techniques may be covered. Prerequisite: ECON 5613 or AGEC ECON6713 Industrial Organization I (Fa) This course will develop the theory of modern industrial organization. The latest advances in microeconomic theory, including game theory, information economics and auction theory will be applied to understand the behavior and organization of firms and industries. Theory will be combined with empirical evidence on firms, industries and markets. Prerequisite: ECON 5533 and ECON ECON6723 Industrial Organization II (Sp) This course surveys firm decisions, including setting prices, choosing product lines and product quality, employing price discrimination, and taking advantage of market structure. It will also cover behavioral IO, which reconsiders the assumption that firms and consumers are perfectly rational and examines the role of regulation. Prerequisite: ECON 5233 and ECON ECON6813 International Macroeconomics (Fa) This course covers open economy macroeconomics. It will cover static and dynamic models using continuous and discrete time techniques and computer simulations to cover the mainstream topics of international macroeconomics, including exchange rates, balance of payments, monetary models in open economies, and capital accumulation in an open economy. Prerequisite: ECON 5433 and ECON ECON6823 International Development Economics (Sp) The course provides an introduction to graduate level Development Economics. It will introduce and analyze many of the prominent theories and empirical evidence of International Development. The class will be interactive with students reading, reviewing, and presenting seminal and frontier articles in the field. Prerequisite: ECON 5433 and ECON 5533 and ECON ECON6913 Experimental Economics (Fa) The course develops advanced concepts in the use of controlled experiments to test economic theory and explore behavioral regularities relating to economics. The class focuses on the methodology of experimental economics while reviewing a variety of established results. Prerequisite: ECON ECON700V Doctoral Dissertation (Sp, Su, Fa) (1-18) Prerequisite: Candidacy. FINANCE (FINN) Pu Liu Department Chair Wayne Y. Lee Ph.D. Program Director J.W. Bellamy Chair of Banking Professor Dominick Garrison Chair in Finance and Alice L. Walton Chair in Finance Professor Lee Dillard Chair of Corporate Finance Professor Millar Harold A. Dulan Finance Chair in Capital Formation and Robert Kennedy Chair in Finance Professor Liu Arkansas Bankers Association Chair in Banking Associate Professor Yeager Clete and Tammy Brewer Professorship in Business Associate Professor Rennie Associate Professors Hearth, Jandik Assistant Professors Fogel, Malakhov, Wang Degree Conferred: Ph.D. in Business Administration (BADM) Ph.D. in Business Administration Finance Concentration Overview: The Ph.D. program in Finance prepares students for faculty positions at academic institutions or for professional careers in private industry and government. During their course of study, students receive specialized instruction in the areas of corporate finance, investments, and financial institutions. The conceptual knowledge and methodological skills necessary to conduct independent research are acquired through courses and individual apprenticeships with faculty. Curriculum: Finance (15 hours) FINN 6043 Finance Theory FINN 6133 Seminar in Investment Theory FINN 6233 Seminar in Corporate Finance FINN 6333 Empirical Research in Finance FINN 6733 Seminar in Financial Markets and Institutions Economics (21 hours) ECON 5233 Mathematics for Economic Analysis (Summer) ECON 5533 Microeconomics Theory I (Fall) ECON 6233 Microeconomics Theory II (Spring) ECON 6253 Microeconomics Theory III (Fall) ECON 5613 Econometrics I (Fall) ECON 6623 Econometrics II (Spring) ECON 6633 Econometrics III (Spring) Research Tools (6 hours) Choose 2 of the following courses STAT 5303 Probability Theory (Fall) STAT 5322 Statistical Packages STAT 5343 Stochastic Processes STAT 5353 Methods of Multivariate Analysis II (Spring) STAT 5333 Analysis of Categorical Response STAT 5383 Time Series Analysis Student may take up to one research tool course approved by the Finance Department doctoral student adviser if the research tool course is not listed above. 187