Introduction OEC I. Master Education and Examination Regulations MEPER. Contents

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1 OEC I Master Education and Examination Regulations MEPER Contents Introduction Education Programme and Examination Regulations Chapter I - General Chapter II - Study Programmes Chapter III - Subject Examination and Exam Requirements Chapter IV - Admission Chapter V - Advice and Guidance Chapter VI - Final Provisions Transitional Regulations Rules of Procedure and Conduct Master s thesis Introduction These are the Education Programme and Examination Regulations for the Master s study programmes at the Faculty of Economics and Business Administration of Maastricht University, as required by article 7.13 of the Dutch Higher Education and Research Act (WHW). The Education Programme and Examination Regulations meet the standards laid down in paragraphs 2 and 3 of the aforesaid article as well as other standards required by law. These regulations have been approved and adopted for the academic year of by the Faculty Board and the Faculty Council of the Faculty of Economics and Business Administration of Maastricht University. Education Programme and Examination Regulations Chapter I - General Art. 1 - Applicability 1. Objective scope These regulations are applicable to the educational programmes and examinations of the following Master s study programmes at the FEBA: - Master of Science in Business Research (Research Master) - Master of Science in Econometrics and Operations Research - Master of Science in Economic and Financial Research (Research Master) - Master of Science in Financial Economics - Master of Science in Fiscal Economics - Master of Science in Global Supply Chain Management & Change - Master of Science in Infonomics - Master of Science in International Business - Master of Science in International Economic Studies - Master of Science in Management of Learning 2. Subjective scope These regulations apply to all students enrolled at the Master s programmes of FEBA at Maastricht University in the academic year of Temporal scope In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 1

2 These regulations are valid for the duration of the academic year of , starting 1 September 2009 and ending 31 August Authoritative scope In the event of discrepancies with oral or written disclosures not from the Faculty Board or not from the Board of Examiners regarding the objective scope of these regulations, these regulations shall prevail. 5. Legal scope These regulations are in compliance and in conformity with but without prejudice to the WHW. Art. 2 - Definition of terms For the purpose of these Master Education Programme and Examination Regulations, the following terms shall have the following meaning. - Academic year: an academic year starts 1 September and ends 31 August. - Block period: a temporal unit as defined in the academic calendar, equal to the duration of the educational activities and subsequent examination. - Board of Examiners: the Board established in conformity with article 7.12 WHW. - Block assignment: An assignment that can be used as a substitute for the participation requirements. - Block book: paper or electronic document outlining the goals and content of a particular course, describing methods of education and examination of that particular course and prescribing particular regulations and guidelines applicable to that particular course. - Block coordinator: person who is responsible for developing the content of the course. Thereby she or he is often assisted by a planning group. During the course, she or he gives guidance to the teachers of the block, resolves problems in the organization of the course, and coordinates all tasks related to the examination. - Course: an educational unit of a study programme according to article 7.3 WHW. - Course Manual: document published on the EleUM website, containing information about the education and study programmes of the FEBA. - Credit: within the European Credit Transfer System (ECTS), one credit represents a study load of 28 hours of study, in conformity with article 7.4 WHW. - Double Degree programme: approved combined study program leading to two certificates from two Universities. - EleUM: Abbreviation for Electronic learning environment of the Maastricht University, which is a web-based environment in which students can access and exchange information regarding their studies at Maastricht University and for which a username and password are provided to the student upon enrolment at a the University. - Elective: a freely chosen, selected as part of within the Master s exam programme from the list of electives of the relevant study programme. - Exam: the Master s exam of a study programme as required by article 7.3 WHW. - FEBA: the Faculty of Economics and Business Administration of Maastricht University. - GPA: Grade point average. Weighted average of a final Master s exam. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 2

3 - Maastricht University: an institution of higher education according to article 1.8 paragraph 1 WHW. - NVAO: Abbreviation referring to the Dutch-Flemish Accreditation Organisation, the quality assurance agency for higher education in the Netherlands and Flanders. - Pandia: Personal digital environment within the Intranet environment of Maastricht University for the student to use for administrative purposes for which a username and password are provided to the student upon enrolment at the University. - Semester: a temporal unit comprising two block periods and one skills training period. - Skills training: an educational unit of a study programme according to article 7.3 WHW, entailing a practical exercise as referred to in article 7.13 paragraph 2 under d WHW. - Skills training period: temporal unit as defined in the academic calendar, equal to the duration of the educational activities and subsequent examination of a skills training period. - Study programme: the cohesive set of educational units in conformity with article 7.3 WHW. - Subject examination: a part of the exam as referred to in article 7.10 WHW. - Student: person enrolled in a study programme at the FEBA for the purpose of participation in education and taking part in examinations and the exam of the study programmes. - Study material: literature, hardware, software and other sources of information made available to the student for educational purposes. - Study year: a study year starts twice a year and is composed of two semesters, with the exception of the Master of Science BR and EFR (Research Master) and the GSCM & C (Venlo). - Thesis: an independently and individually written essay on a particular subject, which is discussed from a theoretical and/or theoretical and practical point of view, on a final graduate level. - Tutor: a person responsible for the supervision of students academic work, often operating through tutorials. - WHW: abbreviation referring to the Dutch Higher Education and Research Act (Stb. 1992, 593). Art. 3 - Aim of the Study Programmes 1. Aims The study programmes aim to - provide academic education within the context of the specific educational concept and profile of Maastricht University; - provide more in-depth knowledge and understanding of the student s specific academic field of choice; - Provide possibilities to extend to other academic disciplines. 2. Academic growth The study programmes contain sufficient elements beneficial to the academic growth of the student, in particular regarding - independent scientific thinking and acting; - academic, analytical and communication skills; - The evaluation of business and economics problems in their broader societal context. Art. 4 - Full-time and part-time In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 3

4 The Master s study programmes are offered as full-time programmes. The Master s study programme of International Business/ Accountancy, International Business/ Finance, International Business/ Information Management, International Business/ Strategic Marketing, International Business/ Strategy and Innovation, International Business/ Supply Chain Management is also offered as a parttime programme. Chapter II Art. 5 - Study Programmes - Study Programmes 1. Master of Science A Master of Science exam represents a total study load of 60.0 credits, except for the Master of Science in Business Research and Master of Science in Economic and Financial research (Research Master): that exam represents a total study load of credits. 2. Available Study Programmes The following Master s study programmes are offered at the FEBA: - Master of Science in Business Research (Research Master) - Master of Science in Econometrics and Operations Research - Master of Science in Economic and Financial Research (Research Master) - Master of Science in Financial Economics - Master of Science in Fiscal Economics - Master of Science in Global Supply Chain Management & Change - Master of Science in Infonomics - Master of Science in International Business - Master of Science in International Economic Studies - Master of Science in Management of Learning Art. 6 - Master of Science exam A. Master of Science in Econometrics and Operations Research The Master s exam for the study programme in - Econometrics and Operational Research/Econometrics (track) - Econometrics and Operational Research/Mathematical Economics (track) - Econometrics and Operational Research/Operation research (track) is composed of two semesters. The programme comprises of four courses of 6.5 credits per course, two electives of 6.5 credits per course, one skills training period of 4.0 credits and the Master s thesis of 17.0 credits. The Master s thesis consists of one skills training of 4.0 credits, one course Thesis Literature Studies of 6.5 credits and one course Thesis Research of 6.5 credits. In the Operations Research track either the Thesis Literature Studies or the Thesis Research can be substituted by an internship. - Econometrics and Operational Research/Actuary (track) is composed of two semesters. The programme comprises six courses of 6.5 credits per course, one skills training period of 4.0 credits and the Master s thesis of 17.0 credits. The Master s thesis consists of one skills training period of 4.0 credits, one course Thesis Literature Studies of 6.5 credits and one course Thesis Research of 6.5 credits. 3. Double Degree Louvain The Double Degree programme Louvain comprises of two tracks: Econometrics and Operations Research/ Econometrics or Econometrics and Operations Research/ Mathematical Economics. The regular Econometrics and Operations Research programme can be followed for 60.0 credits at the FEBA. Students are not allowed to choose courses that overlap. The Board of Examiners will check the course choice of each Double Degree programme before the start of year 2 after consulting the Master of Science Econometrics and Operations Research programme coordinator. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 4

5 More information about this Double Degree Programme will be announced on the website. B. Master of Science in Financial Economics 1. The Master s exam for the study programme in: - Financial Economics/Asset Pricing (track) is composed of two semesters. The programme comprises four courses of 6.5 credits per course, two electives of 6.5 credits per elective, one skills training period of 4.0 credits, and a Master s thesis of 17.0 credits. 2. The Master s exam for the study programme in: - Financial Economics/ Banking (track) Is composed of two semesters. The programme comprises five courses of 6.5 credits per course, one elective of 6.5 credits, one skills training of 4.0 credits, and a Master s thesis of 17.0 credits. - Financial Economics/ Financial Analysis (track) Is composed of two semesters. The programme comprises six courses of 6.5 credits per course, one skills training period of 4.0 credits, and a Master s thesis of 17.0 credits. C. Master of Science in Fiscal Economics 1. The Master s exam for the study programme in - Fiscal Economics/Fiscal Economics (track) is composed of two semesters. The programme comprises of five courses of 6.5 credits per course, two electives of 6.5 credits per course over four block periods, one skills training period of 4.0 credits and a Master s thesis of 10.5 credits. The Master s exam for the study programme in - Fiscal Economics/International Tax Management (track) is composed of two semesters. The programme comprises seven courses of 6.5 credits per course over four block periods, one skills training period of 4.0 credits, and a Master s thesis of 10.5 credits. D. Master of Science in Infonomics 1. The Master s exam for the study programme in Infonomics consists of two semesters. The programme comprises five courses and one elective of 6.5 credits per course over four block periods, one skills training period of 4.0 credits, and a Master s thesis of 17.0 credits. E. Master of Science in International Business 1. The Master s exam for the full-time study programmes in: - International Business/Accountancy (track) - International Business/Controlling (track) Is composed of two semesters. The programme comprises four courses of 6.5 credits per course, two electives of 6.5 credits, one skills training period of 4.0 credits, one workshop Career Services with 0 credits and a Master s thesis of 17.0 credits. 2. The Master s exam for the full-time study programmes in: - International Business/Finance (track) - International Business/Information Management (track) - International Business/Organisation: Management, Change and Consultancy (track) - International Business/Strategy: Strategy and Innovation (track) is composed of two semesters. The programme comprises five courses of 6.5 credits per course, one elective of 6.5 credits, one skills training period of 4.0 credits, one workshop Career Services with 0 credits and a Master s thesis of 17.0 credits. 3. The Master s exam for the full-time study programme in: In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 5

6 - International Business/Strategic Marketing (track) - International Business/Supply Chain Management (track) - International Business/Marketing Finance (track) - International Business/Business Intelligence (track) is composed of two semesters. The programme comprises six courses of 6.5 credits per course, one skills training period of 4.0 credits, one workshop Career Services with 0 credits and a Master s thesis of 17.0 credits. 4. The Master s exam for the full-time study programme in - International Business/Entrepreneurship and SME Management is composed of two semesters. The programme comprises three courses of 6.5 credits per block, two courses of 5 credits per block, one elective of 6.5 credits, one skills training course of 7 credits one workshop Career Services with 0 credits and the Master s thesis of 17 credits. 5. Double Degree Queen s (Graduate option Free Master) The Master s exam for the Queen s-maastricht Double Degree programme. The programme at Queen s comprises of four Global Management courses of 13.5 credits in total and one team project of 6.0 credits. The programme at FEBA comprises of one skills training period of 4.0 credits, three courses of 6.5 credits per course, one workshop Career Services with 0.0 credits, and the Master s thesis of 17.0 credits. Students are not allowed to choose courses that overlap. The Board of Examiners will check the course choice of each Double Degree programme before the start of year 2 after consulting the academic director master s programmes. The Master thesis can be written in Maastricht as well as at Queen s, however Maastricht University has the authority for the evaluation of the thesis. The remaining credits, on top of the 60.0 credits will be mentioned as extra curricular. More information about this Double Degree Programme will be announced on the website. 6. Double Degree EDHEC (for Outgoing students) The Master s exam for the EDHEC-Maastricht Double Degree programme. The first semester at EDHEC comprises of an internship of 1.0 credit and four specialization courses of 5.0 credits each and two managerial workshops of 2.5 credits each. The second semester at FEBA comprises of one skills training period of 4.0 credits, two courses of 6.5 credits per course, one workshop Career Services with 0.0 credits and the Master s thesis of 17.0 credits. Double Degree EDHEC (for Incoming students) The Master s exam for the EDHEC-Maastricht Double Degree programme. The programme comprises of six courses of 6.5 credits per course, one skills training period of 4.0 credits and a Master s thesis of 17.0 credits. The master s thesis is written at EDHEC and evaluated by a FEBA evaluator. Students are not allowed to choose courses that overlap. The Board of Examiners will check the course choice of each Double Degree programme before the start of year 2 after consulting the academic director master s programmes. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 6

7 The remaining credits, on top of the 60.0 credits will be mentioned as extra curricular. More information about this Double Degree Programme will be announced on the website. 7. The Master s exam for the part-time study programmes in: - International Business/Accountancy (track) Is composed of four semesters. The programme comprises four courses of 6.5 credits per course, two electives of 6.5 credits, one skills training period of 4.0 credits, one workshop Career Services with 0.0 credits and a Master s thesis of 17.0 credits. 8. The Master s exam for the part-time study programmes in: - International Business/Finance (track) - International Business/Information Management (track) - International Business/Strategy: Strategy and Innovation (track) Is composed of four semesters. The programme comprises five courses of 6.5 credits per course, one elective of 6.5 credits, one skills training period of 4.0 credits, one workshop Career Services with 0.0 credits and a Master s thesis of 17.0 credits. 9. The Master s exam for the part-time study programmes in: - International Business/Strategic Marketing (track) - International Business/Supply Chain Management (track) Is composed of four semesters. The programme comprises six courses of 6.5 credits per course, one skills training period of 4.0 credits, one workshop Career Services with 0.0 credits and a Master s thesis of 17.0 credits. Students may follow only one course per block period. F. Master of Science in Management of Learning 1. The Master s exam for the study programme in Management of Learning is composed of two semesters. The programme comprises six courses of 6.5 credits per course over four block periods, a study coaching trajectory of 4.0 credits, and a Master s thesis of 17 credits (including one master thesis skills training period of 4.0 credits). G. Master of Science in International Economic Studies 1. The Master s exam for the study programme in: - International Economic Studies/ Behavioural Economics (track) - International Economic Studies/ Competition and Regulation (track) - International Economic Studies/ European Economic Policy (track) - International Economic Studies/ Public Economics (track) - International Economic Studies/ Social Economics (track) International Economic Studies is composed of two semesters. The programme comprises three courses of 6.5 credits per course and three electives of 6.5 credits per course, one skills training period of 4.0 credits, and a Master s thesis of 17.0 credits. 2. Double Degree Louvain: The Double Degree Louvain programme comprises of two tracks: International Economic Studies/ European Economic Policy or International Economic Studies/ Firm s Strategy and Innovation.The regular International Economic Study programme can be followed for 60.0 credits at the FEBA. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 7

8 Students are not allowed to choose courses that overlap. The Board of Examiners will check the course choice of each Double Degree programme before the start of year 2 after consulting the Master of Science International Economic Studies programme coordinator. More information about this Double Degree Programme will be announced on the website. H. Master of Global Supply Chain Management & Change (Venlo) 1. The Master s exam for the study programme in global Supply Chain Management & Change is composed of two semesters. The programme comprises of six courses of 6.5 credits per course, two skills training periods of 4.0 credits per course and the Master s thesis of 13.0 credits. Art. 7 - Master of Science exam (Research Master) 1. Credits The Master of Science BR and EFR (Research Master) exam represents a total study load of credits. 2. Composition A. Master of Science in Business Research (research master) The Master of Science exam for the study programme in Business Research consists of four semesters. The first three semesters comprise seven courses of 6.5 credits per course, five electives of 6.5 credits per elective, and three skills training periods of 4.0 credits per skills training period. The fourth semester comprises a Master s thesis of 30.0 credits. - Operations Research Track The Master of Science exam for the study programme in Business Research/Operations Research comprises four semesters. The first three semesters comprise seven courses of 6.5 credits per course, five electives of 6.5 credits and three skills training periods of 4.0 credits per skills training period. The fourth semester comprises of a Master s thesis of 30.0 credits. In the second year (the last two semesters of the study programme) students can follow advanced methodology courses and specialised courses for 30.0 credits. Some of these courses can be regular Master of Science courses, other courses have to be specific research master courses. Those courses can be provided at the FEBA, and a maximum of 30.0 credits at selected universities (abroad) and in joint graduate programs we participate in (such as NAKE and LNMB). The students also need to write a Master s Theses of 30.0 credits. B. Master of Science in Economic and Financial Research (Research Master) The Master of Science exam for the study programme in Economic and Financial Research is composed of four semesters. The first three semesters comprise five courses of 6.5 credits per course, seven electives of 6.5 credits per elective, and three skills training periods of 4.0 credits per skills training period. The fourth semester comprises a Master s thesis of 30.0 credits. - Econometrics Track The Master of Science exam for the study programme in Economic and Financial Research/Econometrics is composed of four semesters. The first three semesters comprise five courses of 6.5 credits per course, seven electives of 6.5 credits per elective, and three skills training periods of 4.0 credits per skills training period. The fourth semester comprises a Master s thesis of 30.0 credits. In the second year (the last two semesters of the study programme) students can follow advanced methodology courses and specialised courses for 30.0 credits. Some of these courses can be regular Master of Science courses, other courses have to be specific research master courses. Those courses can be provided at the FEBA, and a maximum of 30.0 credits at selected universities (abroad) In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 8

9 and in joint graduate programs we participate in (such as NAKE and LNMB). The students also need to write a Master s Theses of 30.0 credits. 3. Content The content of the study programmes is stated in the course manual. Art. 8 - Electives 1. Composition A. Master of Science in Econometrics and Operations Research In order to meet the exam requirements within the available space for electives in the Master of Science in the Econometrics and Operations Research programme, with the exception of the Master of Science in Econometrics and Operations Research/ Actuary, students need to choose: - four cohesive electives from the Econometrics and Operations Research Electives list provided in the course manual, and - two electives from the available Master electives listed in the course manual. B. Master of Science in Financial Economics In order to meet the exam requirements within the available space for electives in the Master of Science in the Financial Economics programme, students need to choose: - two electives in Financial Economics/Asset pricing (track) - one elective in Financial Economics/ Banking (track) - no electives in Financial Economics/Actuary (track) from the Financial Economics electives list provided in the course manual. C. Master of Science in Fiscal Economics In order to meet the exam requirements within the available space for electives in the Master of Science in the Fiscal Economics programme, students need to choose: - one electives from the Law electives list listed in the course manual - one electives from the Economics electives list listed in the course manual D. Master of Science in Infonomics In order to meet the exam requirements within the available spaces for electives in the Master of Infonomics, students need to choose one of the following electives: - One elective IT Project Management (1190M) - One elective Information Economics (1036M) E. Master of Science in International Business In order to meet the exam requirements within the available space for electives in - International Business/Accountancy (track) - International Business/Controlling (track) Students need to choose two electives from the available Master s electives listed in the course manual. In order to meet the exam requirements within the available space for electives in - International Business/Finance (track) - International Business/Information Management (track) - International Business/Organisation: management Change and Consultancy (track) - International Business/Strategy: Strategy and Innovation (track) Students need to choose one elective from the available Master s electives listed in the course manual. In order to meet the exam requirements within the available space for electives in the study programme of International Business/Entrepreneurship and SME Management (track), students need to choose - one elective from the Entrepreneurship and SME electives list listed in the course manual. There are no electives in: - International Business/Marketing Finance (track) In the beginning of the academic year Pandia and code.unimaas.nl will be replaced by 9

10 - International Business/Supply Chain Management (track) - International Business/Strategic Marketing (track) - International Business/Business Intelligence (track)) F. Master of Science in Management of Learning There are no electives in the Master of Science in Management of Learning G. Master of Science in International Economic Studies In order to meet the exam requirements within the available space for electives in the Master of Science in the International Economic Studies programme, students need to choose: - three cohesive electives from the International Economic Studies Programmes list provided in the course manual, provided that these three electives combined constitute one of the tracks as defined in the course manual; - three electives from the International Economic Studies Electives list. H. Master of Science in Business Research (research master) In order to meet the exam requirements within the available space for electives in the Master of Science in the Business Research programme, students need to choose: - three electives from the Business Research electives list for the Economic and Financial Research Electives list, provided in the course manual, and - two electives from the electives list within their specialization, as provided in the course manual. I. Master of Science in Economic and Financial Research (research master) In order to meet the exam requirements within the available space for electives in the Master of Science in the Economic and Financial Research programme, students need to choose: - four electives from the Business Research electives list or the Economic Financial Research electives list, both provided in the course manual, which need to be approved by METEOR, and - three electives from the electives list within their specialization, as provided in the course manual. J. Master of Global Supply Chain Management & Change There are no electives in the Master of Global Supply Chain Management & Change. 2. Substitution An elective can be substituted by a course from another Faculty than the FEBA or another University than Maastricht University, provided that the student has obtained approval from the Board of Examiners prior to the commencement of this. The Board of Examiners does not accept or assess for approvals that have already been taken and passed at faculties or universities other than the FEBA. Art. 9 - Free Master s exam 1. Credits A free Master s exam represents a total study load of 60.0 credits if it fits a Master of Science programme, and credits if it fits a Master of Science (research master) programme. 2. Content A free Master s exam consists of a Master s exam with a cohesive programme, built from as many educational units as required to obtain sufficient credits as required by the study programme, for which the student has to obtain approval from the Board of Examiners prior to commencing this programme. 3. Requirements The Board of Examiners publishes the minimum requirements for a free Master s exam for each study programme in EleUM. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 10 by

11 Art Language Because of the specific educational nature and profile of the FEBA study programmes, teaching and examinations are conducted in English for all study programmes, with the exception of the study programme for Fiscal Economics and the part-time Master s degree in International Business/Accountancy, which are taught and examined partly in English and partly in Dutch. Chapter III - Subject Examination and Exam Requirements Art Examination 1. Subject examination Subject examination will be conducted orally, in writing, or otherwise as announced in the course manual, without prejudice to the Board of Examiners competence to determine otherwise in exceptional cases. 2. Written examination For every written examination, an assessment norm will be determined and stated on the examination paper. 3. Oral examination Oral examinations are open to the public, without prejudice to the Board of Examiner s competence to determine otherwise in exceptional cases. For every oral examination an assessment norm will be determined and made available by the examiner. 4. Assignment A part of the subject examination for each course may be a block assignment, from which students will be exempted if they fulfil presence and participation requirements as stated in the block book. 5. Presence and Participation requirement Presence at and participation in educational activities may be part of the subject examination when announced along with its assessment norms in the block book. Art Examination periods and examination dates 1. Examination periods There are five subject examination periods: one at the end of each of the six block periods, with the exception of the two skills training periods, and one in the summer period. 2. Written examination The written subject examination concluding a course will be conducted in the subject examination period at the end of the period in which the course that is to be examined was taught. 3. Subject re-examination The second chance for a written subject examination concluding a course will be conducted in the first subject examination period following the subject examination period of the initial written subject examination. Art Writing assignments The Board of Examiners lays down the rules and guidelines regarding writing assignments as a part of the subject examination, including non-compliance with these rules, in a separate section attached to these Education Programme and Examination Regulations. Art Master s thesis The Board of Examiners lays down the rules and guidelines regarding the Master s thesis as part of the Master s exam, including non-compliance with these rules, in a separate section attached to these Education Programme and Examination Regulations. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 11 by

12 Art Prerequisites 1. Prerequisites Participation in a course and its subject examination or in a skills training period may require students to have passed other courses or skills training periods prior to registration for that particular block, its subject examination or skills training period. 2. Announcement Prerequisites for courses as mentioned in paragraph 1 of this article will be announced in block descriptions under Description of Master s courses of the FEBA, available at Art Assessment and publication of examination results 1. Written subject examination Written subject examinations in any form will be assessed and graded by an examiner appointed by the Faculty Board. 2. Oral subject examination Oral subject examinations will be assessed and graded by an examiner appointed by the Faculty Board. The student will receive a written transcript of this assessment on which the grade is also stated. 3. Scale The grading scale from 0.0 to 10.0, as applied by the FEBA, is to be interpreted as below Excellent, outstanding performance; 9.0 Very good, far above the average standard with minimum errors or shortcomings; 8.0 Good, above the average standard and generally sound work with a number of notable errors or shortcomings; 7.0 Ample sufficient, fair but with significant errors or shortcomings; 6.0 Sufficient, performance meets the minimum criteria; 5.5 Pass 5.0 Marginal fail, performance just below the minimum criteria; Clear fail, performance far below the minimum criteria; 4. Pass/Fail Scale The pass/fail grading scale, as applied by the FEBA, is to be interpreted as below. Pass Sufficient to excellent, performance at least meets the minimum criteria; Fail Insufficient, performance below the minimum criteria; Unsatisfactory Insufficient due to unjustified absence 5. No Grade The no grade applied by FEBA for courses and skills trainings, is to be interpreted as below. No grade Due to unjustified absence. 6. Publication Subject examination results will be published on EleUM within 15 working days after the examination date. Subject examination results will be published on Pandia within twenty working days after the publication date on EleUM. Results published on Pandia prevail. Art Awarding credits 1. Awarding credits The number of credits representing the full study load of a course or skills training period will only be awarded in full. It is not possible to award part of the credits. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 12 by

13 2. Requirements Credits are awarded by decision of the Board of Examiners upon the student s fulfilment of all requirements for a course or skills training period by obtaining at least a mark 5.5, before rounding, on a 0.0 to 10.0 scale or pass/fail for each and every one of the requirements. 3. Exception In the first-year Bachelor s exam, credits can be awarded by decision of the Board of Examiners for a single course or a single skills training period for which the student has obtained at least a mark 5.0, before rounding, on a 0.0 to 10.0 scale, or a fail as a final grade upon the student s meeting of all the other requirements for passing the first-year Bachelor s exam. Art Validity 1. Subject examination results Positive subject examination results remain valid for a period of six years for full-time students and twelve years for part-time students, without prejudice to the competency of the Board of Examiners to extend this period and provided that the results are not substituted by other results. 2. Partial subject examination results Positive results of separately registered elements of subject examination will remain valid for as long as the student has not completed the study programme, with a maximum validity of six years, unless stated otherwise in the book and provided that the results are not substituted by other results. Art Right of inspection 1. Right of inspection The right of inspection comprises that, within 10 working days after the publication date, students will be given the opportunity to inspect: their assessed written subject examination or written part of a subject examination; the questions and assignments posed and given within the framework thereof and the norms applicable to the assessment thereof. 2. Executive authority The block coordinator will provide for the opportunity mentioned in paragraph 1 of article 21 of these regulations and with regards thereto will announce the details regarding time, date, location and identification of the student in a reasonable length of time. 3. Unforeseen circumstances Within the given period of time a student will be given a second opportunity to exercise the right of inspection, provided that the student can demonstrate the inability to exercise this right in the first instance due to circumstances beyond the student s control. 4. Open and closed question examination Comments and complaints regarding open and/or closed questions for written subject examinations or parts thereof have to be submitted to the block coordinator within five days after the examination in order for them to be reviewed. Art Exemptions 1. Authority The Board of Examiners is authorised to grant full or partial exemption from a particular subject examination provided that the student can demonstrate the successful completion of substitutable subject examinations at an institution of higher education other than the FEBA or of the acquisition of appropriate skills elsewhere. 2. Restriction In the Master s exam, a maximum of 13 credits of exemptions may be granted. No exemption can be granted for the Master s thesis. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 13 by

14 If a student combines two Master programmes (with different CROHO codes) he may be allowed to write one extended thesis of 21 credits. In that case the above mentioned exemptions will not be granted. The student should ask for approval of the Exam Committee after consulting the thesis coordinator. 3. Switch from a Master of Science (Research Master) to a Master of Science or vice versa Without a set maximum, the Board of Examiners will decide on exemption in these on a case-by-case basis, taking into account the advice of the METEOR Directors and the director Master of Science on the case at hand. 4. Procedure A request for exemption from a particular subject examination must be submitted to the Board of Examiners before enrolling as a student with the Master s Programme of the FEBA. Along with the request for exemption the student needs to submit the properly validated documentation proving the successful completion of the subject examination or the acquisition of the skills equivalent to the subject examination the student requests to be exempted from. 5. Credits No actual credits will be awarded for the subject examination from which the student has been granted exemption. The credits awarded to the exempted subject examination are fictive and exist for the purpose of fulfilling the requirements for the Master s exam only. Art Rules of procedure and conduct 1. Authority The Board of Examiners lays down the rules and guidelines regarding proper conduct with regards to subject examination and regarding the procedural aspects of subject examination, including noncompliance with these rules, in the rules of procedure and conduct which are attached to these Education Programme and Examination Regulations. 2. Non-compliance The Board of Examiners may decide to regard a student s non-compliance with the rules of procedure and conduct as irregularities in a subject examination or part thereof as meant in article 22. Art Fraud 1. Authority In case of irregularities in a subject examination or part thereof, preventing the Board of Examiners from assessing the student s knowledge, or in case of the student committing fraud or plagiarism or creating the opportunity to commit fraud or plagiarism, the Board of Examiners is authorised to impose sanctions upon the student. The Board of Examiners can only decide to impose sanctions after having given the student the opportunity to put forward his/her views on the matter. 2. Sanctions Regarding paragraph 1 of article 22 of these regulations, the Board of Examiners may reach the decision to impose any of the following sanctions or a combination thereof upon the student: - reprimand; - exclusion from one or more subject examinations or exams at the FEBA for a period of time to be determined by the Board of Examiners, with a maximum period of one year; - complete or partial voidance of the relevant subject examination. Art Resit of subject examinations and thesis 1. Definition A resit of a subject examination constitutes the second or, in predetermined cases, third opportunity in one study year for a student to take a subject examination facilitated for all subject examinations or parts thereof, with the exception of the subject examination requirements of block assignments, presentations and skills training. 2. Frequency In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 14 by

15 Resit subject examination occurs with the same frequency as regular subject examination throughout the academic year. For written resit subject examinations, a timetable will be properly announced. 3. Third opportunity Rules and guidelines will be published on EleUM. 4. Resit thesis If the Master s thesis is marked with a fail, the student is offered one resit opportunity within the ongoing academic year. A new subject should be chosen in accordance with the rules of procedure and conduct. If the Master s thesis is marked with a pass no resit opportunity will be offered. 5. Additional regulations The block book will stipulate additional rules with regard to the resit subject examination. 6. Final Grade The last grade obtained will be considered the final grade. 7. It is not allowed to do a resit examination for a subject that is already awarded with a pass or a mark 5.5 or higher. 8. Unjustified Absence If a student has registered for the subject examination but has not actually taken the subject examination or part thereof and did not deregister during the registration period, a subject examination will be marked x. Art Special examinations for disabled students and athletes 1. Applicability For the purpose of creating equal opportunities regarding examination possibilities, the Board of Examiners may decide to adopt and apply individual examination regulations, suited to the individual situations of the following categories of students: - Physically or otherwise impaired students; - Students who have been recognised as top athletes by the NOC-NSF. 2. Requirements The student needs to submit a written request in order to be eligible for the appliance of individual examination regulations as mentioned in paragraph 1 of article 24 of these regulations. 3. Consultation of experts Before reaching a decision, the Board of Examiners may consult an expert on the matter. Art Exams The decision of the Board of Examiners that a student has fulfilled all requirements of the exam means that the student has given evidence of having obtained the general qualities as set out in the aims listed in article 3 of these regulations and the specific qualities as specified by the descriptions of the specific courses, subject examinations and skills training periods. Art Assessment of the Master s exam 1. Requirements A student will pass the Master s exam when the student has obtained at least a mark 5.5, before rounding, on a 1 to 10 scale, or satisfactory, for all courses and skills training periods that are part of the study programme of the Master s exam, with the exception of those courses and skills training periods for which an exemption has been granted. 2. Decision In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 15 by

16 The Board of Examiners decides in a reasonable length of time upon the fulfilment of the requirements by the students as set out in paragraph 1 of article 26 of these regulations. Art Master s Degree and Certificate 1. Degree A Master of Science degree or a Master of Science (Research Master) degree is awarded to students who have fulfilled all the requirements of the relevant Master s programme. 2. Certificate The degree certificate and or the accompanying supplements will state: - the name of the Master s programme; - the subjects of the exam; - the degree that is awarded; - the study programme s last accreditation date; - a transcript of the student s list of grades - Grade Point Average 3. Signature The degree certificate is signed by the Dean of the faculty and by the Chairman of the Board of Examiners. 4. Award ceremony The award ceremony of the degree certificates is open to the public, unless the Board of Examiners decides otherwise. 5. The grade point average (GPA) The grade point average of a Master s exam meeting its requirements equals the weighted average of the final numerical grades of the Master s thesis and the passed courses. The weighting is based on the credits of these educational units, all other units are disregarded. Art. 28 Cum Laude (passing with distinction) 1. General If a candidate has given evidence of exceptional competence within the study programme, the Board of Examiners may decide to award the degree classification Cum Laude and have this degree classification stated on the degree certificate. The Board of Examiners will lay down guidelines for the recognition of exceptional competence. 2. Study programmes The following applies to the Master s programmes: a. Master of Science in Econometrics and Operations Research b. Master of Science in Financial Economics c. Master of Science in Fiscal Economics d. Master of Science in Infonomics e. Master of Science in International Business f. Master of Science in International Economic Studies g. Master of Science in Management of Learning h. Master of Science in Global Supply Chain Management & Change I, Master of Science in Business Research (research master) J. Master of Science in Economic and Financial Research (research master) The Master s exam is passed with distinction if the candidate has obtained at least an unweighted and no rounded average score of 8.0 for all parts of the Master s exam on condition that no resit exams have been taken and none of the marks obtained is below 7.0 or a fail. 3. Free Master In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 16 by

17 The Free Master s exam is passed with distinction if the candidate has obtained an unweighted average score of 8,0 for all parts of the Free Master s exam, on condition that no resit exams have been taken and none of the marks obtained is below Exemptions Any credits obtained by granted exemptions are not taken into account when determining if the exam is passed with distinction. Minimum credits required in order to determine if a Master s exam is passed with distinction is 39.0 credits. Chapter IV - Admission Art Admission to the Master s programmes 1. General The Faculty Board appoints a Board of Admission for each Master s programme. The application deadlines regarding the Master s programmes for each admission cycle will be announced on the FEBA s website and in print. The Boards of Admission decide for each individual application whether the applicant will be admitted to the Master s programme. 2. Requirements A. Master of Science in Econometrics and Operations Research - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Econometrics and Operations Research at the FEBA will be admitted to the Master of Science in Econometrics and Operations Research programme. b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Econometrics and Operations Research at the FEBA will be admitted to the Master of Science in Econometrics and Operations Research programme, provided that the student requires no more than 10.5 credits, excluding the Bachelor s paper, for passing the Bachelor of Science in Econometrics and Operations Research exam at the FEBA and provided that the student fulfils the obligations of the Bachelor of Science in Econometrics and Operations Research exam within one year from the student s commencement of the Master of Science in Econometrics and Operations Research programme. c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in Econometrics and Operations Research programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Econometrics or in a related field and providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; - writing and submitting a motivational essay on a pre-determined topic. - Application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Econometrics and Operations Research programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Econometrics or in a related field and of providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; - writing and submitting a motivational essay on a pre-determined topic; - providing one of the following: a paper-based TOEFL test score of at least 575, a computer-based TOEFL test score of at least 233, an Internet-based TOEFL test score of at least 90-91, an IELTS test score of at least 6.5, or proof of being a native English speaker. - Application form. d. Exemption from GMAT or GRE requirement In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 17 by

18 The Board of Admissions will exempt a candidate from the GMAT or GRE requirement if the candidate has passed at least four courses from the compulsory second year courses of the Bachelor s degree in Econometrics and Operations Research offered at the FEBA, as specified in the course manual and if a candidate provides proof of having obtained a Bachelor of Science degree. B. Master of Science in Financial Economics - FEBA Students a. Preparatory Bachelor s programme Students having been awarded one of the following Bachelor of Science degrees at the FEBA will be admitted to the Master of Science in Financial Economics programme: Econometrics and Operations Research; Economics/Infonomics, Economics/International Business Economics or in Economics/International Economics Studies b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Econometrics and Operations Research, in Economics/Infonomics, in Economics/International Business Economics or in Economics/International Economics Studies, at the FEBA will be admitted to the Master of Science in Financial Economics programme, provided that the student has fulfilled all educational requirements of one of the aforementioned Bachelor of Science exams at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within one first block period from the student s commencement of the Master of Science in Financial Economics programme. c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in Financial Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; - writing and submitting a motivational essay on a pre-determined topic. - Application form - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Financial Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and of providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; - writing and submitting a motivational essay on a pre-determined topic; - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; or proof of being a native English speaker. - Application form C. Master of Science in Fiscal Economics - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Fiscal Economics at the FEBA will be admitted to the Master of Science in Fiscal Economics programme. b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Fiscal Economics at the FEBA will be admitted to the Master of Science in Fiscal Economics programme, provided that the student has fulfilled all educational requirements of the aforementioned Bachelor of Science exam at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within the first block period from the student s commencement of the Master of Science in Fiscal Economics programme. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 18 by

19 c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in Fiscal Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Fiscal Economics and providing a transcript of exam subjects and grades; and - providing a certificate of the National Exam: Dutch as a Second Language, level 2 (Staatsexamen Nederlands als Tweede Taal, niveau 2), or proof of being a native Dutch speaker. - Application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Fiscal Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Fiscal Economics and of providing a transcript of exam subjects and grades; and - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; or proof of being a native English speaker. - providing a certificate of the National Exam: Dutch as a Second Language, level 2 (Staatsexamen Nederlands als Tweede Taal, niveau 2), or proof of being a native Dutch speaker. - Application form - Students holding a Bachelor of Science in Fiscal Law degree from Maastricht University. In order to be eligible for admission to the Master of Science in Fiscal Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Fiscal Law at Maastricht University and providing a transcript of exam subjects and grades; and - successful completion of a one-month prerequisite. - Application form - Students holding a Dutch HBO Bachelor of Science in Fiscal Economics degree In order to be eligible for admission to the Master of Science in Fiscal Economics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree in Fiscal Economics and of providing a transcript of exam subjects and grades; and - successful completion of a prerequisite programme of approximately one year. - Application form D. Master of Science in Infonomics - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Economics/Infonomics, or of free Bachelor of Science in Economics, at the FEBA will be admitted to the Master of Science in Infonomics programme. b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Economics/Infonomics or of free Bachelor of Science in Economics, at the FEBA will be admitted to the Master of Science in Infonomics programme, provided that the student has fulfilled all educational requirements of one the aforementioned Bachelor of Science exams at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within the first block period from the student s commencement of the Master of Science in Infonomics programme. c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in Infonomics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 19 by

20 - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; and - writing and submitting a motivational essay on a pre-determined topic. - application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Infonomics programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; - writing and submitting a motivational essay on a pre-determined topic; and - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; proof of being a native English speaker. - application form. d. Exemption from GMAT or GRE requirement The Board of Admissions will exempt a candidate from the GMAT or GRE requirement if the candidate has passed at least four final Bachelor s degree courses offered at the FEBA, as specified in the course manual. E. Master of Science in International Business - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Economics and Business Economics, of Bachelor of Science in International Business or of free Bachelor of Science in International Business, at the FEBA will be admitted to the Master of Science in International Business programme. b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Economics and Business Economics/International Business Economics, of Bachelor of Science in International Business or of free Bachelor of Science in Economics and Business Economics, at the FEBA will be admitted to the Master of Science in International Business programme, provided that the student has fulfilled all educational requirements of the first block period of the aforementioned Bachelor of Science exams at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within the first block period from the student s commencement of the Master of Science in International Business programme. c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in International Business programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; and - writing and submitting a motivational essay on a pre-determined topic. - a recent Curriculum Vitae; - application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in International Business programme, a student needs to fulfil the requirements of: In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 20 by

21 - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; - writing and submitting a motivational essay on a pre-determined topic; and - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; proof of being a native English speaker. - application form. d. Exemption from the GMAT requirement The Board of Admissions will exempt a candidate from the GMAT requirement if the candidate has passed at least four courses from the final Bachelor International Business major or elective s offered at the FEBA, as specified in the course manual and if a candidate provides proof of having obtained a Bachelor of Science degree. F. Master of Science in International Economic Studies - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Economics/International Economic Studies, a Bachelor of Science in Economics/Infonomics or of free Bachelor of Science in Economics at the FEBA will be admitted to the Master of Science in International Economic Studies programme. b. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Economics/International Economic Studies or of free Bachelor of Science in Economics, at the FEBA will be admitted to the Master of Science in International Economic Studies programme, provided that the student has fulfilled all educational requirements of one of the aforementioned Bachelor of Science exams at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within the first block period from the student s commencement of the Master of Science in International Economic Studies programme. - EU/EEA Students In order to be eligible for admission to the Master of Science in International Economic Studies programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; and - writing and submitting a motivational essay on a pre-determined topic. - application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in International Economic Studies programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a GMAT or a GRE test score; - writing and submitting a motivational essay on a pre-determined topic; and - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; proof of being a native English speaker. - Exemption from the GMAT requirement. - application form. The Board of Admissions will exempt a candidate from the GMAT or GRE requirement if the candidate has passed at least four courses from the offering of FEBA of which two are part of the compulsory second year courses from the Bachelor IES programme or IES electives or Master IES courses, as In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 21 by

22 specified in the course manual and if a candidate provides proof of having obtained a Bachelor of Science degree. G. Master of Science in Management of Learning Admission In order to be eligible for admission to the Master of Science in Management of Learning programme, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades. - Providing a completed application form, a Curriculum Vitae inclusive; - Writing and submitting an essay of motivation why the student wishes to study this programme at the FEBA. - Providing proof of analytical capabilities (for instance the GMAT test) - non-eu/non-eea students. - application form. Apart from the above mentioned a student needs to provide one of the following: - a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; proof of being a native English speaker. H. Master of Science in Global Supply Chain Management & Change - FEBA Students a. Preparatory Bachelor s programme Students having been awarded the degree of Bachelor of Science in Economics and Business Economics/International Business Economics, of Bachelor of Science in International Business or of free Bachelor of Science in International Business, at the FEBA will be admitted to the Master of Science in Global Supply Chain Management & Change. c. Conditional admission Students not yet having been awarded the degree of Bachelor of Science in Economics and Business Economics /International Business Economics, of Bachelor of Science in International Business or of free Bachelor of Science in Economics and Business Economics, at the FEBA will be admitted to the Master of Science in Global Supply Chain Management & Change, provided that the student has fulfilled all educational requirements of one of the aforementioned Bachelor of Science exams at the FEBA before the start of the Master s programme and provided that the student fulfils the requirements of that Bachelor of Science exam and submits proof of this to the Board of Examiners within the first block period from the student s commencement of the Master of Science in International Business programme. c. Admission - EU/EEA Students In order to be eligible for admission to the Master of Science in Global Supply Chain Management & Change, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; and - writing and submitting a motivational essay on a pre-determined topic. - application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Global Supply Chain Management & Change, a student needs to fulfil the requirements of: - providing proof of having obtained a Bachelor s degree and providing a transcript of exam subjects and grades; - providing a satisfactory GMAT test score, which entails denied admission if the score is below 450, an evaluation along with all other requirements if the score is between 450 and 600, and admission if the score is over 600 and all other requirements are met; In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 22 by

23 - writing and submitting a motivational essay on a pre-determined topic; and - providing one of the following: a paper-based TOEFL test score of at least 575; a computer-based TOEFL test score of at least 233; an Internet-based TOEFL test score of at least 90-91; an IELTS test score of at least 6.5; proof of being a native English speaker. - application form. d. Exemption from the GMAT requirement The Board of Admissions will exempt a candidate from the GMAT requirement if the candidate has passed at least four courses from the final Bachelor International Business major or electives offered at the FEBA, as specified in the course manual and if a candidate provides proof of having obtained a Bachelor of Science degree. I. Master of Science in Business Research (research master) and Master of Science in Economic and Financial Research (research master) Admission EU/EEA Students and prospective EU Member State Students. In order to be eligible for admission to the Master of Science in Business Research (research master) programme or to the Master of Science in Economic and Financial Research (research master) programme, a student needs to fulfil the following requirements: - submitting a completed application form; - submitting two letters of recommendation; - providing proof for having obtained a Bachelor s degree, or equivalent, in a relevant field and providing an authenticated transcript of exam subjects and grades; - for applicants for the Master of Economic and Financial Research programme: providing proof of analytical writing skills and quantitative reasoning abilities by means of a satisfactory Graduate Record Examination score (GRE); for applicants for the Master of Business Research programme: providing proof of analytical writing skills an quantitative reasoning abilities by means of a satisfactory GRE score and/or GMAT. Students must score a minimum of 4.0 in the analytical writing section of the GRE test and minimum of 80%in the quantitative reasoning section of the GRE test. Students must score 90% in the GMAT. The Board of Admission may accept students with a lower score if the Board is convinced by other means that the students concerned are among the top 10%. However, these students must explain in writing at the time of applying why they do not meet these criteria. They are still required to submit proof of their lower score on the GRE or GMAT; and - providing, as a non-compulsory requirement, a TOEFL or IELTS test score. - application form. - Non-EU/Non-EEA Students In order to be eligible for admission to the Master of Science in Business Research (research master) programme or to the Master of Science in Economic and Financial Research (research master) programme, a student needs to fulfil the following requirements: - submitting a completed application form; - submitting two letters of recommendation; providing proof for having obtained a Bachelor s degree, or equivalent, in a relevant field and providing an authenticated transcript of exam subjects and grades; - for applicants for the Master of Economic and Financial Research programme: providing proof of analytical writing skills and quantitative reasoning abilities by means of a satisfactory Graduate Record Examination score (GRE); for applicants for the Master of Business Research programme: providing proof of analytical writing skills an quantitative reasoning abilities by means of a satisfactory GRE score and/or GMAT. Students must score a minimum of 4 in the analytical writing section of the GRE test and minimum of 80%in the quantitative reasoning section of the GRE test. Students must score 90% in the GMAT. The Board of Admission may accept students with a lower score if the Board is convinced by other means that the students concerned are among the top 10%. However, these students must explain in writing at the time of applying why they do not meet these criteria. They are still required to submit proof of their lower score on the GRE or GMAT; and - if a test score is insufficient, writing and submitting a motivational essay on the reasons of the insufficiency of the test score; and - providing one of the following: a paper-based TOEFL test score of at least 600; a computer-based In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 23 by

24 TOEFL test score of at least 250; an IELTS test score of at least 7; proof of being a native English speaker. - Application form Chapter V - Advice and Guidance Art Progress records On behalf of the Faculty Board, the Education and Exams Office keeps records of subject examination results and provides students with a list of their study results at least once every academic year. Art Advice and guidance The Faculty Board appoints Study Advisors for the purpose of giving advice and guidance to students enrolled in a study programme at the FEBA regarding their individual progress and any options for study within and outside the study programme. Chapter VI - Final Provisions Art Amendments 1. Competent authority Amendments to these regulations are laid down by separate decision of the Faculty Board. 2. General effect No amendments will be made that apply to the current academic year, unless the proposed amendments in all fairness do not affect the students interests. 3. Individual effect Amendments will not negatively affect any decision with regard to a student taken by the Board of Examiners under the existing regulations. Art Announcement 1. Announcement The Faculty Board ensures proper announcement of these regulations, of the rules and guidelines as established by the Board of Examiners and of all amendments to these regulations, rules and guidelines. 2. Availability Up-to-date digital versions of the regulations, rules and guidelines mentioned in paragraph 1 will be made available in the Unimaas environment on the Internet. Art Unforeseen circumstances In cases not provided for by these regulations, the Board of Examiners shall decide. No rights can be derived from decisions, announcements, advices etc. from others than the Board of Examiners if these decisions, announcements, advices etc. are in contradiction or not in accordance with these regulations, unless the Board of Examiners explicitly decides otherwise. Art Hardship The Board of Examiners is authorized to deviate from these regulations in individual cases if strict adherence to these regulations would result in inequitable circumstances for the student. Art Time limit for decisions of the Board of Examiners In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 24 by

25 1. A decision shall be made within the time limit prescribed by statutory regulation, or, in the absence of such time limit, within a reasonable period after receiving the application. 2. The reasonable period referred to in subsection 1 shall in any event be deemed to have expired if the Board of Examiners has not made a decision or given communication as referred to in article 4:14 Awb (Algemene wet bestuursrecht), within eight weeks of receiving the application. 3. If, in the absence of a time limit prescribed by statutory regulation, a decision cannot be made within eight weeks, the Board of Examiners shall inform the student, stating a reasonable time limit for the decision to be made. 4. The time limit for making a decision shall be suspended with effect from the day on which the Board of Examiners requests the applicant to amplify the student pursuant to article 4:5 Awb until the day on which the student has been amplified or the time limit set for this purpose expires without being used. Art Right of objection and right of appeal 1. Subjects of appeal Students may lodge an appeal with the Examination Appeals Board against: decisions of the Board of Examiners regarding the acquisition of credits and the passing of exams; decisions regarding exemptions as mentioned in article 20 of these regulations; decisions not of a general nature regarding admission as mentioned in chapter IV of these regulations; other decisions of the Board of Examiners or of examiners. 2. Legality of decisions An appeal may be lodged regarding the legality of a decision. 3. Term of lodging The term for lodging an appeal is four weeks, starting from the date the decision was procedurally correctly announced. 4. Resolution Before deciding on an appeal, the Examination Appeals Board will send the appeal to the part of the FEBA against which the appeal is lodged, inviting them to deliberate with the student in order to resolve the dispute. If the appeal is lodged against an examiner, the previous sentence applies to the Board of Examiners. The party concerned will report to the Examination Appeals Board on the possibility of a resolution within three weeks after receiving the appeal. If a resolution does not appear possible, the Examination Appeals Board will consider the appeal. Art Coming into force These Education Programme and Examination Regulations will take effect on 1 September 2009 and remain in force for the academic year In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 25 by

26 Transitional Regulations Appendix I Art. 1 - Applicability - Context The Transitional Regulations apply to students who commenced their Master s programme in the academic year of the cohort corresponding with the chapter title. These regulations remain in force for those students only because they are more favourable for those students, and do not apply to students who have commenced their Master s programme in a later academic year. - Subsidiary Other than the substituted rule, all other rules of the above Master Education Programme and Examination Rules remain fully applicable. - Interpretation of terms The authority for the interpretation of terms in the first instance is the Board of Examiners. Chapter I - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. Chapter II - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. Chapter III - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. Chapter IV - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. Chapter V - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. Chapter VI - Cohort Assessment and publication of examination results Immediately after an oral examination, the examiner will decide on a grade and give a written statement to the student. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 26 by

27 Rules of procedure and conduct Appendix II These rules of procedure and conduct apply to all study programmes of the FEBA. The Board of Examiners lays down rules of procedure and conduct for examinations, tests or parts thereof. Students are obliged to observe these rules. Written assignments Any form of cooperation or exchange of information in the preparation and writing of assignments is forbidden, unless explicitly stated otherwise in the description of the assignment. If any such cooperation or exchange of information is detected, this will be considered fraud. Any form of plagiarism is forbidden. Plagiarism is defined as the unauthorized copying or adoption of texts of others. This is considered fraud. If the examiner has doubts as to whether the assignment was completed independently and individually and/or whether there is a case of plagiarism, he/she is authorized to instigate an investigation. The examiner is entitled to take action if the results of the investigation give cause to do so. If the examiner deems such necessary, the Board of Examiners will be informed. The Board of Examiners is entitled to make further enquiries and to apply sanctions in accordance with the provisions of the Examination Regulations. Written examinations The Board of Examiners will ensure that invigilators are appointed for the written examination, whose task is to ensure that the examination is conducted properly. If the rules of procedure are violated, the invigilator will be entitled to take appropriate action immediately. The student must not behave in such a way as to make it impossible to form a correct judgment on the student s command of the subject matter to be examined. Such behaviour will be considered fraud. Any form of discussion or exchange of information whatsoever will be considered fraud. During the examination or part thereof, the student will be obliged to prove his/her identity at the request of or on behalf of the Board of Examiners by showing his/her student card and a valid certificate of registration. Instructions Instructions given by the Board of Examiners, the examiner or the invigilator, as well as any instructions given during or immediately after the end of the examination or part thereof, must be followed by the students. If a student fails to comply with the above, the invigilator will inform her/him that a report will be made. This report will be submitted to the Board of Examiners after the examination or part thereof. The Board of Examiners may decide to take further action. A place will be reserved for every student who has registered for the examination. Students must take their places in accordance with the plan shown at the entrance of the room in which the examination takes place. In the case of pre-printed answer forms, students must take a seat at the tables on which the invigilator has placed their individual answer forms. Students may enter the room in which the examination takes place 15 minutes before the beginning of the examination. If the preparations in the room have been completed before that time, students will In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 27 by

28 be allowed to enter sooner. After the official starting time of the examination, students will no longer be allowed access to the room in which the examination is taking place. Students who arrive late will no longer be entitled to take part in the examination. Students are not allowed to leave the examination room during the first 30 minutes of the examination. From 30 minutes before the official end of the examination, students must remain seated until the invigilator has collected their work from their tables. After this has been done, students may leave the room. Students who wish to use the toilet during the examination must ask the invigilator for permission. Students who wish to take anything from their bags must also ask the invigilator for permission to do so. Identification It is the responsibility of students to provide proof of identity at any time. At the examination, students must produce their student card as well as a valid certificate of registration for inspection by the invigilator. If the student card has been lost, alternative proof of identity (e.g. passport, driving licence) must be produced. Students who are unable to provide proof of their identity during the examination will be informed by the main invigilator of a time when and a location where they can do so later. If a student fails to provide proof of identity, this will be reported to the Board of Examiners. The examination of such students may be declared invalid. Items permitted during examinations Items other than writing materials (pen, HB pencil, eraser, etc.) and a student card plus a valid certificate of registration are not permitted during the examination. For any other tools, the coordinator must give explicit permission. Such permission will be stated on the examination form. During the exam, mobile phones, communication devices or any other information carrier - other than the items listed under Items permitted during examinations - should be switched off and placed in a bag stored next to or under the table. It is strictly forbidden to have mobile phones, communication devices or any other information carrier in possession during visits to a toilet in the building in which the examination will take place. It is not permitted to consume any food or beverage in the examination room. For examinations in which the use of a calculator is allowed, only non-programmable/non-graphic calculators may be used. If a non-approved type of calculator is found, the invigilator is authorized to take in the exam script and to refuse the student permission to continue the examination. If the examination form states that a dictionary may be used during the examination, this only applies to dictionaries English-mother tongue and mother tongue-english. Explaining dictionaries are not allowed. If a student violates this rule, the invigilator is entitled to take in the exam script and to refuse the student permission to continue the examination. Violations of the rules In the event of irregularities and/or fraud, the invigilator is entitled to take in the exam script and to refuse the student permission to continue the examination. The Board of Examiners will be informed of any irregularities after the examination. The Board of Examiners may then decide to take further measures and/or impose sanctions. In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 28 by

29 Regulations for the Master s thesis Appendix III 1. The Master s thesis is an independently and individually written essay on a particular subject, which is discussed from a theoretical or theoretical and practical point of view, at a final graduate level. 2. The student personally proposes the subject of the thesis. This proposal must be submitted to a lecturer or supervisor or thesis coordinator from the department or project group to which the subject of the thesis is related. 3. Prior to the start of the thesis, the student and the supervisor decide on the title, the intended contents and a plan of action. 4. The Master s thesis must be written in accordance with the Guide for the Master s thesis which is available on the faculty s website. 5. The thesis will be judged on five aspects, namely subject matter, argumentation, method, presentation and structure. 6. a. The supervisor and a second examiner mark the Master s thesis. The second examiner is assigned by the department or project group. b. The supervisor and the second examiner determine the grade by mutual agreement. c. Students with a grade of 5.5 and higher must defend the Master s thesis before the supervisor and the second examiner. The examiners supply a pass sheet with the grade and a short report. On the basis of the oral defence, the grade may be changed by a maximum of one grade point (+1.0 or -1.0). d. If the grade awarded on the basis of the defence is less than 5.5, a resit of the defence will be offered. 7. The Master s thesis is marked in whole or half grades on a scale from 1 to 10. In order to obtain the Master s degree, the grade for the Master s thesis must be 5.5 or higher. For the number of credits, please refer to the Examination Regulations for the study programme in question. 8. The source of all the information used or views adopted from other authors must be quoted in accordance with officially recognized quotation rules. 9. If the Master s thesis is considered unsatisfactory, the student is offered one resit opportunity. within the ongoing academic year, see article After the defence, students must submit an electronic version as well as a hard copy of their Master s thesis to the Exams Administration. The electronic version must be submitted in PDF format. 11. Students have to register for the Master s thesis. Regulations for a thesis ring 1. Domain & purpose 1.1 The purpose of a thesis ring is the supervision of students who wish to graduate at the FEBA of Maastricht University. The supervision should result in a thesis on the basis of which students can graduate. 1.2 The supervisor(s) determine the domain of the thesis ring. 2. Working method In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 29 by

30 2.1 The ring decides about membership, content organization, frequency of meetings, secretary and chairperson on the basis of the no objection principle. 2.2 By applying the no objection principle in decision-making, the focus is on argumentation for and against proposals. A proposal is accepted if none of the members including the supervisor of the ring who are present have any substantiated objections. 3. Membership 3.1 At least one staff member who is authorized by the FEBA to supervise and examine theses is a member of the ring. 3.2 New student members can only be nominated by the supervisor. 3.3 A student can officially become a member of the ring if the student, after having attended at least one previous meeting by means of introduction, participates in one of the next meetings. A decision on official membership is made in the latter meeting on the basis of the no objection principle. By becoming a member, the student obtains the right to vote when the ring takes decisions. 4. Assessment procedure Assessment of the final version may take place in two ways, as laid down in 4.1 and Assessment of the final version of a thesis takes place during a meeting attended by at least two staff members of the FEBA who have the formal authority to assess theses. One of these two staff members must be the permanent supervisor of the thesis ring; or 4.2 Alternatively, assessment of the final version of a thesis takes place during a meeting attended by at least one staff member of the FEBA who has the formal authority to assess theses and is a permanent supervisor of the thesis ring. At this meeting, a grade for the thesis is decided on the basis of the no objection principle. At another time and place, the student must defend the thesis to the aforementioned staff member and an external examiner, as stipulated in the Examination Regulations. The final grade is then decided. 4.3 Theses are assessed on the basis of the no objection principle. 4.4 If the thesis ring is unable to take a decision on the basis of 4.3, the permanent staff supervisor of the thesis ring and the external examiner determine the final grade in mutual agreement. 4.5 One of the supervisors of the ring as specified in 4.1 informs the faculty s Exams Office about the final grade by means of an assessment form. 4.6 The Master s thesis will be assessed on five main aspects, namely subject matter, argumentation, method, presentation and structure. As to the assessment of the thesis, the following aspects of the thesis may, in line with the Examination Regulations, be evaluated: style readability layout sentence structure section linkages citations table of contents structure of the chapters literature references bibliography definition of the central problem / sub questions research method depth of argument answer to the central problem argumentation relevance of literature used own contribution creativity practical and societal relevance scientific relevance These aspects may, if necessary, be translated into more defined criteria. To illustrate this, the aspect In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 30 by

31 bibliography is elaborated below. A bibliography must include the following information: In case of a book: - Author, book title, publisher, place of publication, year. In case of a contribution to a book: - Author, title of contribution, editors of the book, book title, publisher, place of publication, year, page numbers of the contribution. In case of an article: - Author, article title, journal title, volume number, year, page numbers of the article. In case of a source on the internet: - Author or organization, title of the source/contribution (if existing), title web page (URL), date, year. It should be ensured that the titles of the book, journal and web page have the same typographical layout. 4.7 For an internship report, the same assessment criteria apply as in the case of a thesis as provided in 4.6. In evaluating the content, however, the emphasis will be on the practical relevance of the report for the organization where the internship took place. 5. Posts in the thesis ring 5.1 The discussion leader or chair has the following tasks: Structuring the meeting by following an agenda which consists of an opening round, an organizational part, items listed on the agenda and any other business. Creating openness in the meeting, e.g. by asking for everyone's opinion in turn, enhancing free and open discussion and ensuring that each participant has the opportunity to actively participate. Controlling the tension level in the meeting by either stimulating divergence (e.g. by asking for differing opinions) or convergence (e.g. by looking for common ground among the members). 5.2 The position of the secretary mainly involves the organization and management of the memory of the ring. The secretary has the following tasks: Making a list of decisions taken in each meeting (minutes); Drafting a preliminary agenda, in consultation with the chair and supervisor(s); Mailing the list of decisions of the previous meeting, the agenda and any other documents in time to the ring members; Regularly updating the members' address list and sending it to the members; Filing all the theses and reports assessed by the ring and making these available for inspection by ring members and other interested parties; Providing a copy of the regulations of the ring to new (candidate) members; Taking care of the reservation of meeting rooms. Assistance for the chair (point 4 and 5 of the Regulations) The chair uses the following procedure for the purpose of grading theses or internship reports: A. The author of the thesis gives a short introduction. In this introduction he/she presents an overview of the most important results and an assessment of the learning experiences. B. Every ring member present, except for the author, receives a ballot paper on which the member writes his/her own name and the proposed grade. C. All participants hand in their ballot paper to the chair. The chair then asks every participant to give his or her arguments for the proposed grade. D. The chair invites the author to give a short comment on the arguments referred to under C (without discussion). At this stage the author can, if she/he so wishes, withdraw the thesis from the assessment procedure. E. The chair offers each participant the opportunity to change the proposed grade in view of the In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 31 by

32 arguments given under C (and possibly D). F. The chair proposes a grade and asks all participants individually, except for the author, to give their consent. If no one has prohibitive objections to the proposal, the proposed grade is accepted. G. Participants who do not give their consent to the proposed grade in step F must argue their objections. Subsequently, an open debate may develop in which the presented arguments can be assessed on validity and importance. H. The chair then asks those who did not give their consent in step F whether they uphold their objections. If this is not the case, the proposal is accepted. If the objections are upheld, the chair first asks the members who proposed the opposed grade to change their proposal. Subsequently, other members may also change their proposed grades. I. On the basis of the new information, the chair may propose another grade. This process (F to H) will be repeated until there is a proposal against which there are no prohibitive objections. The chair uses the following procedure for the purpose of electing a new chair or a secretary: A. Every member present at the meeting receives a ballot paper and writes down his or her own name and the name of a candidate the member considers most suitable to fill the vacant position. B. All members hand in their ballot paper to the chair. The chair asks every participant to give arguments for his/her proposal. C. Each participant is offered the opportunity to change his/her proposal on the basis of the arguments given under B. D. On the basis of the arguments put forward in steps B and C, the chair proposes a candidate and asks all participants for their consent (no objection) to the proposal. If no participant has prohibitive objections, the proposed candidate is elected. E. Members who do not give their consent in step D must explain their objections (again). Subsequently, the validity and substance of the arguments presented are openly discussed. F. The chair asks the participant(s) who did not give their consent in step D if they uphold their objections. If this is not the case, the proposal is accepted. If the objections are still perceived as prohibitive, then the chair asks the participants whose proposal is objected to, to change their proposal. Other members may also change their proposal. G. On the basis of the new information, the chair may propose another candidate. This process (steps D - F) is repeated until a decision is taken. Thus laid down by the Onderwijs- en Examencommissie (Education and Exams Committee) and the Faculty Board, after having obtained the positive advice and/or approval, where applicable, from the Faculty Council of the Faculty of Economics and Business Administration, in Maastricht on March In the beginning of the academic year Pandia and code.unimaas.nl will be replaced 32 by