College of Business Administration

The College of Business Administration offers four professional programs leading to the master's degree: Master of Business Administration, Master of Science in Accounting, Master of Science in Taxation, and Master of Arts in Applied Economics. Also offered is a Doctor of Philosophy (Ph.D.) in Business Administration with majors in Accounting and Finance. The doctoral program is not currently accepting new students. The Master of Business Administration program is conveniently available to Brevard County and Daytona residents. Some foundation courses are offered at UCF's Brevard Campus in Cocoa, while other foundation and all the professional core courses are taught by UCF College of Business Administration faculty on the Melbourne Campus of Brevard Community College. Classes in Daytona are taught at the UCF Building on the campus of Daytona Beach Community College. All graduate programs in business administration are accredited by the American Assembly of Collegiate Schools of Business (AACSB).

The mission of the College of Business Administration at the University of Central Florida is to provide quality business education programs,at the undergraduate, graduate, and executive levels, to the citizens of the state of Florida and to selected clientele nationally and internationally. In delivering these programs,the college places primary emphasis on excellent teaching and research with a strong commitment to developing mutually supportive relationships with the business community of Central Florida.

In pursuit of its mission, the College of Business Administration affirms its commitment to the university's focus on excellence and accent on the individual. Furthermore, the college pledges to deliver innovative and progressive programs to its clientele. As the college approaches the twenty-first century, it has adopted "Driven by Excellence" as a motto and guiding force in achieving its goals and objectives.

For more information, visit the College of Business Administration web site.



College Administration

T. L. Keon.................................................Dean

R. E. Michaels...........................Interim Associate Dean

R. L. Pennington.................................Assistant Dean

B. L. Abramowitz.....................Brevard Campus Coordinator

      Phone:(407) 632-0098

J. H. Potts..........................Daytona Campus Coordinator

      Phone:(904) 255-7423, ext. 4071

	

Faculty

School of Accounting

H. R. Anderson, Ph.D................KPMG Peat Marwick Professor

C. D. Bailey, Ph.D....................................Professor

D. D. Bandy, Ph.D.........................C. G. Avery Professor

T. G. Evans, Ph.D.....................................Professor

J. H. Potts, Ph.D.....................................Professor

J. H. Salter III, Ph.D..................Ernst & Young Professor

P. M. Goldwater, Ph.D.......................Associate Professor

W. L. Johnson, Ph.D.........................Associate Professor

A. J. Judd, Ph.D...............Director and Associate Professor

C. F. Kelliher, Ph.D........................Associate Professor

T. E. Phillips, Ph.D........................Associate Professor

P. B. Roush, Ph.D...........................Associate Professor

L. J. Savage, Ph.D..........................Associate Professor

J. K. Welch, Ph.D...........................Associate Professor

D. Bobek, M.B.A.............................Assistant Professor

M. K. Zarzeski, Ph.D........................Assistant Professor




Economics R. A. Hofler, Ph.D..........................Chair and Professor W. W. McHone, Ph.D....................................Professor F. A. Raffa, Ph.D.....................................Professor B. Rungeling, Ph.D....................................Professor B. M. Braun, Ph.D...........................Associate Professor A. E. Day, Ph.D.............................Associate Professor W. E. Gibbs, Ph.D...........................Associate Professor D. A. Hosni, Ph.D...........................Associate Professor T. L. Martin, Ph.D..........................Associate Professor R. L. Pennington, Ph.D...Assistant Dean and Associate Professor M. Soskin, Ph.D.............................Associate Professor K. R. White, Ph.D...........................Associate Professor J. A. Xander, Ph.D..........................Associate Professor R. Agarwal, Ph.D............................Assistant Professor C. Co, Ph.D.................................Assistant Professor C. Gallett, Ph.D............................Assistant Professor J. List, Ph.D...............................Assistant Professor Finance D. F. Scott, Jr., Ph.D.....Chair in American Private Enterprise and Professor S. D. Smith, Ph.D..........SunTrust Banking Chair and Professor R. Ajayi, Ph.D..............................Associate Professor S. M. Atkinson, D.B.A.......................Associate Professor J. M. Cheney, D.B.A...............Chair and Associate Professor N. K. Modani, Ph.D..........................Associate Professor H. Park, Ph.D...............................Associate Professor W. C. Weaver, Ph.D..........................Associate Professor S. F. Borde, Ph.D...........................Assistant Professor A. K. Byrd, Ph.D............................Assistant Professor J. H. Gilkerson, Ph.D.......................Assistant Professor G. E. Porter, Ph.D..........................Assistant Professor Hospitality Management R. C. Ford, Ph.D............................Chair and Professor A. Pizam, Ph.D........................................Professor W. J. Quain, Ph.D.....................................Professor E. T. Ellis, Ph.D...........................Associate Professor S. M. LeBruto, Ed.D.........................Associate Professor A. Milman, Ph.D.............................Associate Professor Management L. W. Fernald, Jr., D.B.A.............................Professor R. C. Huseman, Ph.D...................................Professor H. R. Jones, Ph.D...................Interim Chair and Professor W. Leigh, Jr., Ph.D...................................Professor W. A. Bogumil, Jr., Ph.D....................Associate Professor W. G. Callarman, D.B.A......................Associate Professor C. M. Ford, Ph.D............................Associate Professor S. Goodman, Ph.D............................Associate Professor J. S. Harrison, Ph.D........................Associate Professor R. L. Martin, Ph.D..........................Associate Professor B. Barringer, Ph.D..........................Assistant Professor F. F. Jones, Ph.D...........................Assistant Professor R. Purvis, Ph.D.............................Assistant Professor M. Uhl-Bien, Ph.D...........................Assistant Professor Marketing D. L. Davis, D.B.A....................................Professor P. L. Gillett, Ph.D...................................Professor R. E. Michaels, Ph.D........................Chair and Professor G. W. Paul, Ph.D......................................Professor R. S. Rubin, Ph.D.....................................Professor E. E. Teeple, Ph.D....................................Professor J. Allen, Ph.D..............................Associate Professor D. A. Fuller, Ph.D..........................Associate Professor M. Arnold, Ph.D.............................Assistant Professor K. L. Ellis-Reynolds, Ph.D..................Assistant Professor J. I. Ganesh, Ph.D..........................Assistant Professor M. Luckett, Ph.D............................Assistant Professor R. Pimentel, Ph.D...........................Assistant Professor
Before candidates will be considered for admission, all required application documents—application, official transcripts, GMAT test score (or GRE test score for the program in Applied Economics only) and for M.B.A. and M.A.E. only, two essays and three recommendations must be received in the College of Business Graduate Office by:
Fall semester admission June 15
Spring semester admission November 1
Summer semester admission March 15

Admission to graduate study in the College of Business Administration is open to individuals with a baccalaureate degree in any discipline from a regionally accredited college or university. Thus, all graduate programs are open to graduates in education, engineering, arts, sciences, and other fields as well as business.

Admissions are restricted each semester to an allotted number of individuals showing high promise of success in postgraduate studies. Admission criteria include academic achievement as an upper-division undergraduate student and satisfactory performance on the GMAT. For the M.A. in Applied Economics degree only, scores on either the GRE or GMAT may be submitted. Both GMAT and GRE scores have a limit of 5 years. Other indicators of promise include the applicant's extracurricular activities, work experience and job responsibilities, and leadership experience.

Foreign students whose native language is not English are required to achieve a score of at least 575 on the Test of English as a Foreign Language (TOEFL).

Enrollment in graduate courses in the College of Business Administration is limited to students who have been accepted and classified with regular graduate status in the M.B.A. program, M.S. in Accounting, M.S. in Taxation, or M.A. in Applied Economics, and to other students with regular graduate status elsewhere in the university. Graduate-level courses may not be taken unless a student is accepted into a graduate program, i.e., graduate courses may not be taken in a post-baccalaureate status.

An applicant will not be considered for admission to any graduate course until an official score on the GMAT or GRE (and TOEFL, if appropriate) has been received in addition to transcripts showing proof of attainment of the bachelor's degree and transcripts from all colleges attended.

Graduate students in the College of Business Administration must maintain an overall 3.0 GPA in both their program of study and any graduate or undergraduate foundation core courses. In the event this is not maintained, a graduate student shall be placed in an academic provisional status. If a 3.0 GPA (grades of B, or better) is then not obtained in the subsequent 9 semester hours of course work, the graduate student will be disqualified from the program. Students in all graduate programs must achieve a minimum grade of "C" in all foundation and professional core courses. Further, if graduate students accumulate grades of "C" or lower or unresolved "I" grades in more than three (3) foundation core courses, they will be disqualified from the program. If graduate students accumulate more than six (6) hours of "C" or lower and/or unresolved "I" grades on course work in the professional core, then they will be disqualified from the graduate program. Grade forgiveness policy does not apply to any courses (graduate or undergraduate) taken by graduate students in the College of Business Administration.


Master of Business Administration


Program Coordinator:..............R. L. Pennington, BA 241

   Phone:(407) UCF-2187
Brevard Campus Program Coordinator:.......B. L. Abramowitz Phone:(407) 632-0098
Daytona Campus Program Coordinator:............J. H. Potts Phone:(904) 255-7423, ext.4071
The program leading to the Master of Business Administration degree at the University of Central Florida is designed to develop the student's analytical, problem-solving, and decision-making capabilities to meet the challenges of leadership in professional management positions at present and in the changing world of the future.

The curriculum provides a challenging and creative learning environment in an intensive program of study that has a broad-based administrative emphasis. Recognizing that management methods of tomorrow may bear little resemblance to techniques in current use, the program emphasis is on sound general principles and decision-making techniques that provide a base for continued learning and professional development rather than upon business procedures which are subject to obsolescence.

The program can be completed on either a full-time or part-time basis on the Orlando Campus. For Brevard County residents, the program is available on a part-time basis in the evening with some foundation course work offered on UCF's Brevard Campus in Cocoa, with the remaining foundation and all professional core course work taught by College of Business Administration faculty at Brevard Community College's Melbourne Campus. The program is also offered on a part-time basis, evenings, at the UCF Building on the Daytona Beach Community College campus.

Degree Requirements
Normally, the M.B.A. program can be completed in two years of full-time study. Recent related course work in business administration and certain quantitative areas, however, can reduce the length of the program. The curriculum consists of two parts, a foundation core and a professional core.

The foundation core is defined by the course requirements listed below, and its completion is a prerequisite to entering the professional core. Note that all or part of the foundation core requirements may be satisfied through advanced standing given in view of a student's prior equivalent course work at the undergraduate or graduate level provided such course work has been satisfactorily completed at a regionally accredited college or university, preferably one accredited by the AACSB.


Foundation Core                                 33 Semester Hours

ACG 5005     Financial and Managerial Accounting

             Concepts                                     3 hours

BUL 5125     Legal and Social Environment of Business     3 hours

ECO 5005     Economic Concepts                            3 hours

ECO 5415     Statistics for Business and Economics        3 hours

FIN 5405     Financial Concepts                           3 hours

ISM 5021     Introduction to Management Information

             Systems                                      3 hours

MAC 3233     Concepts of Calculus                         3 hours

MAN 5050     Management Concepts                          2 hours

MAN 5501     Introduction to Production/Operations

             Management                                   2 hours

MAR 5055     Marketing Concepts                           3 hours

The professional core consists of 24 credit hours of advanced course work that substantially extends and applies knowledge developed in the foundation core. In addition, through the selection of nine credit hours of approved electives, the student has the opportunity to develop some degree of specialization in one of the following: accounting, economics, finance, hospitality management, management, marketing, information systems, or entrepreneurship.

Professional Core                               24 Semester Hours

ACG 6425     Managerial Accounting Analysis               3 hours

ECO 6115     Economic Analysis of the Firm                3 hours

ECO 6416     Statistical Methods for Business Decisions   3 hours

FIN 6406     Financial Analysis and Management            3 hours

MAN 6245     Organizational Behavior and Development      3 hours

MAN 6546     Quantitative Models for Business Decisions   3 hours

MAN 6721     Business Policy and Responsibility           3 hours

MAR 6816     Marketing Policy                             3 hours

Accounting undergraduate majors may not take ACG 6425, but must take an elective in any other business area. Marketing undergraduate majors are not allowed to take MAR 6816. Instead, they must replace the course with one of the marketing electives outlined below.

Electives 9 Semester Hours
Electives may be taken in accounting, economics, finance, hospitality management, marketing, management, or information systems management. One elective course may be taken outside the College of Business Administration with permission of the program coordinator. The M.B.A. program does not require a thesis. Students may not take more than 9 total semester hours in Accounting or Tax courses in the M.B.A. degree.

M.B.A. Specializations

Entrepreneurship
The entrepreneurship specialization requires nine hours of restricted electives within the M.B.A. degree. Students should take three of the four classes listed below:

	FIN 6475     Business Evaluation

	GEB 6115     Entrepreneurship

	MAN 6299     Creative and Innovative Management

	MAR 5941     Small Business Consulting     

	
In addition, students may apply to take GEB 6946, the graduate Internship in Entrepreneurship, as a substitute for one of the three required courses in the specialization.

Finance
An M.B.A. specialization in finance requires a minimum of nine hours of restricted graduate electives chosen from the list below. Undergraduate finance majors must choose an additional restricted elective instead of taking FIN 6406.

	FIN 6425     Asset Management

	FIN 6475     Business Valuation

	FIN 6506     Investments

	FIN 6507     Seminar in Investments

	FIN 6627     International Financial Management

	
Hospitality Management
An M.B.A. specialization in hospitality management requires a minimum of nine hours of graduate electives chosen from the list below.

	FSS 6365     Management of Food Service Operations

	HFT 6240     Managing Hospitality and Guest Services Organizations

	HFT 6251     The Management of Lodging Operations

	HFT 6710     International Tourism Management

	
International Business
An M.B.A. specialization in international business requires six hours of restricted graduate electives in addition to GEB 6365. Students may take their six hours from the following courses.

	ACG 6255     International and Multinational Accounting

	ECO 6705     Seminar in International Economics

	FIN 6627     International Financial Management

	INR 6007     Seminar in International Politics

	
Marketing
Students seeking a specialization in marketing must be enrolled in the M.B.A. program. A specialization in marketing requires a minimum of nine hours of graduate electives in addition to MAR 6816. Students may take their nine hours of elective courses in marketing from the following courses.

	MAR 6077     Contemporary Marketing Problems

	MAR 6406     Sales Management and Control

	MAR 6456     Advanced Industrial Marketing Management

	MAR 6616     Marketing Research Methods

	MAR 6845     Services Marketing

	
Real Estate
The real estate M.B.A. specialization requires REE 6306 and REE 6308 plus three hours of restricted electives chosen from those listed below. Undergraduate finance majors must substitute an additional three hours of the restricted electives in place of FIN 6406.

	ECP 6605     Economics of Urban and Regional Problems

	FIN 6314     Management of Financial Institutions

	FIN 6425     Asset Management

	FIN 6475     Business Valuation

	FIN 6506     Investments

	
Examination
The end-of-program requirement for the Master of Business Administration degree will include the following:
  • Students completing the program in three (3) consecutive years (no interruptions) or less will complete the capstone, integrative course MAN 6721, Business Policy and Responsibility, with a grade of "B" or better.
  • Students requiring more than three (3) years to complete the professional core and those who do not complete MAN 6721 with a "B" or better must pass a comprehensive, integrative examination consisting of four (4) equal parts covering the areas of economics, finance, management, and marketing. Each part of the test must be passed. If any part of the examination is failed on the initial attempt, the student will prepare a plan of study in cooperation with that Department Chair and the Director of the M.B.A. program in order to be eligible to retake that part of the exam the following term. Each section may be taken a maximum of two times.
Minimum Hours Required for M.B.A.: 33-63 Semester Hours


Master of Science in Accounting

Program Coordinator:.....L. J. Savage, BA 433
Phone:(407) UCF-5661 or UCF-2871

The Master of Science in Accounting degree provides candidates with greater breadth and depth in accounting than is possible in baccalaureate programs. The program emphasis is on the preparation of individuals for careers as professional accountants in public practice, financial institutions, governments, industry, and nonprofit organizations. (This program satisfies the requirements of the State Board of Accounting Rule 21-A-27.02.)

The Master of Science in Accounting degree is awarded upon satisfactory completion of a graduate program of 30 semester hours. At least 15 of the 30 hours must be made up of courses at the 6000 level. Students, with the assistance and approval of the program advisor, may select an area of specialization in Management, Public, Tax, General, or Not-for-Profit Accounting. Following is a list of required courses and restricted electives.

Degree Requirements: 30 Semester Hours


Required Courses                                15 Semester Hours

ACG 5346     Cost Accounting II                           3 hours

ACG 5636     Advanced Auditing Topics                     3 hours

ACG 6405     Accounting Information Systems II            3 hours

ACG 6805     Seminar in Accounting Theory                 3 hours

TAX 5015     Federal Income Tax II                        3 hours


Restricted Electives
Electives from the categories below must be selected with advisor approval.

Two courses from the following:                  6 Semester Hours

ACG 5206     Seminar in Financial Reporting               3 hours

ACG 5625     Auditing and EDP                             3 hours

ACG 5675     Operational Auditing                         3 hours

ACG 6255     International and Multinational Accounting   3 hours

ACG 6356     Seminar in Cost Accounting                   3 hours

ACG 6519     Seminar in Governmental and Nonbusiness

             Organizations                                3 hours

ACG 6696     Seminar in Auditing                          3 hours

ACG 6806     Seminar in Professional Accounting Issues    3 hours

TAX 6065     Seminar in Tax Research                      3 hours

TAX 6135     Seminar in the Taxation of Corporations

             and Shareholders                             3 hours

TAX 6205     Seminar in Taxation of Partnership Income    3 hours

TAX 6405     Seminar in the Taxation of Estates, Gifts,

             and Trusts                                   3 hours

TAX 6845     Seminar in Tax Planning                      3 hours


Three courses from the following:                9 Semester Hours

ECO 6115     Economic Analysis of the Firm                3 hours

ECO 6416     Statistical Methods for Business Decisions   3 hours

FIN 6406     Financial Analysis and Management            3 hours

MAN 6245     Organizational Behavior and Development      3 hours

MAN 6546     Quantitative Models for Business Decisions   3 hours

MAR 6816     Marketing Policy                             3 hours

Substitutes for the above listed electives may be made only with advisor approval.

Foundation Core: 58 Semester Hours
The courses in the foundation core for this program are usually satisfied if a person enters the M.S.A. program with a recent undergraduate degree in accounting from an institution whose business program is accredited by the AACSB. Otherwise, equivalent specific courses, as identified by the program advisor, are required. If deficiencies exist, they usually must be satisfied before advanced course work can be taken. Some of the prerequisite course work may be satisfied through credit by examination if approved by the school.

ACG 3101     Intermediate Financial Accounting I          3 hours

ACG 3111     Intermediate Financial Accounting II         3 hours

ACG 3361     Cost Accounting I                            3 hours

ACG 3501     Financial Accounting for Governmental and

             Nonprofit Organizations                      3 hours

ACG 4203     Advanced Accounting                          3 hours

ACG 4401     Accounting Systems                           3 hours

ACG 4651     Auditing                                     3 hours

ACG 5005*    Financial and Managerial Accounting Concepts 3 hours

BUL 3320     Business Law I                               3 hours

BUL 3321     Business Law II                              3 hours

CGS 3000     Computer Fundamentals for Business

             Applications                                 3 hours

ECO 3401     Mathematical Economics                       3 hours

ECO 3411     Quantitative Methods and Business Decision

             Analysis                                     3 hours

ECO 5005*    Economic Concepts                            3 hours

ECO 5415*    Statistics for Business and Economics        3 hours

FIN 5405*    Financial Concepts                           3 hours

MAN 4720     Business Policy                              3 hours

MAN 5050*    Management Concepts                          2 hours

MAN 5501*    Introduction to Production /Operations

             Management                                   2 hours

MAR 5055*    Marketing Concepts                           3 hours

TAX 4001     Federal Income Tax I                         3 hours

* Or undergraduate course equivalent taken as an undergraduate student.

Student must show clear evidence of proficiency in oral and written communication and computer usage.

Examination
Satisfactory completion of an end-of-program comprehensive examination is required. The M.S. in Accounting program does not require a thesis.


Master of Science in Taxation

	

Program Coordinator:...................Dale Bandy 

   BA 435, Phone:(407) UCF-2964 or UCF-2871


The Master of Science in Taxation degree program provides candidates with an opportunity to specialize in taxation. The program emphasis is on the preparation of individuals for careers as professional accountants in public practice, government, and industry. (This program satisfies the requirements of the State Board of Accounting to qualify for the CPA examination if a candidate holding the appropriate undergraduate degree in accounting takes an auditing elective in the M.S.T. program.) The Master of Science in Taxation degree is awarded upon completion of a graduate program with a minimum of 30 semester hours. The program consists of 18 hours of required graduate tax courses and 12 hours of restricted electives. Electives are selected with the assistance and approval of the advisor. Required courses and available electives are described below.

Degree Requirements

Required Courses                                18 Semester Hours

TAX 5015     Federal Income Tax II                        3 hours

TAX 6065     Seminar in Tax Research                      3 hours

TAX 6135     Seminar in the Taxation of Corporations  

             and Shareholders                             3 hours

TAX 6205     Seminar in Taxation of Partnership Income    3 hours

TAX 6405     Seminar in Taxation of Estates, Gifts,

             and Trusts                                   3 hours

TAX 6845     Seminar in Tax Planning                      3 hours

Restricted Elective Courses: 12 Semester Hours
A total of 12 semester hours of electives must be selected with advisor approval. Master of Science in Taxation electives may be selected from either the required courses or any category of elective courses available in the Master of Science in Accounting degree program (other than the 18 semester hours of tax courses listed above).

Foundation Core: 58 Semester Hours
The courses in the foundation core for this program are satisfied if a person enters the M.S.T. program with a recent undergraduate degree in accounting from an AACSB accredited college or university. The accounting undergraduate program at UCF meets this requirement. Students with non-accounting undergraduate degrees or degrees from unaccredited institutions must complete the 58 semester hour foundation core for the M.S.A. Credit is given for previously completed work. The courses included in the foundation core are listed in the Master of Science in Accounting degree requirements.
Examination
Satisfactory completion of the end-of-program comprehensive examination is required.

Minimum Hours Required for M.S.: 30 Semester Hours


Master of Arts in Applied Economics

	

Program Coordinator:................T. L. Martin

   BA 325, Phone:(407) UCF-2870


The Master of Arts in Applied Economics degree is a one-year (full-time) or two-year (part-time) program designed to provide specialization in economics for persons desiring careers as economists in the academic, governmental, business, and financial communities. Contemporary society offers almost unlimited opportunities to individuals with an understanding of economic relationships and the tools of analysis to understand today's economic problems. Economists work on such problems as sales forecasting, market analysis, economic feasibility, hedging and commodity pricing, unemployment, inflation, balance of payments, energy development, pollution abatement, and many other current problems.

Degree Requirements: 30 Semester Hours
The Master of Arts in Applied Economics degree requires 30 semester hours presuming that all of the prerequisites have been completed prior to admission.

Prerequisites: 12 Semester Hours
The following prerequisites (or equivalents) should be completed before enrolling in 6000-level graduate courses:

ECO 3401     Mathematical Economics                       3 hours

ECO 5005     Economic Concepts                            3 hours

ECO 5415     Statistics for Business and Economics        3 hours

MAC 1104     College Algebra                              3 hours

Prerequisite work may be entirely or partially satisfied through prior equivalent course work. Normally, such course work must have been satisfactorily completed at a regionally accredited college or university, preferably one accredited by the AACSB. Prerequisite course work does not count toward the 30 semester hours credit required for completion of the M.A. in Applied Economics degree.

Required Courses                                 9 Semester Hours

ECO 6115     Economic Analysis of the Firm                3 hours

ECO 6206     Aggregate Economic Conditions and Analysis   3 hours

ECO 6416     Statistical Methods for Business Decisions   3 hours


Economics Electives: 12-21 Semester Hours
A minimum of twelve additional hours of economics electives is required.

Non-Economics Electives: 0-9 Semester Hours
A maximum of nine hours of approved non-economics electives may be completed in disciplines such as accounting, finance, management, marketing, mathematics, statistics, public administration, and computer science. Career-oriented elective specializations are presented below; however, no more than 6 hours outside the College of Business Administration may be used.

Thesis or Internship: 6 Semester Hours
Six credit hours of thesis or internship may be used to complete the M.A. in Applied Economics degree. The candidate may fulfill this requirement by completing: (1) a formal thesis on a topic selected in consultation with the candidate's advisory committee and meeting both departmental and university requirements or (2) an internship consisting of work in a business or governmental agency and an end-of-project, thesis-quality report.

Final Examination
Candidates must satisfactorily complete a comprehensive final examination. If the thesis or internship option is chosen to complete the degree, the examination will normally consist of an oral examination over the thesis or internship project. The candidate's supervi sory committee will have discretion to determine the extent of this requirement. Candidates choosing the non-thesis option will be required to pass a written or oral examination covering economic theory and six hours of elective course work.

Minimum Hours Required for M.A.: 30 Semester Hours

Career-Oriented Elective Specializations
Candidates for the Master of Arts in Applied Economics degree are encouraged to use the flexibility provided in the elective portion of the program to design a plan of study that enhances their particular career interests. The suggested career-oriented elective specializations that follow are representative of some of the possibilities for packaging electives.

Financial Economics
For candidates seeking careers as financial economists in the fields of banking, brokerage, corporate, or personal finance, selection among the following electives is recommended:


	ECO 6226     Seminar in Money, Banking, and Monetary Policy

	ECO 6266     Business Cycles and Forecasting

	ECP 6705     Managerial Economics

	FIN 6406     Financial Analysis and Management

	FIN 6425     Asset Management and Financial Decisions

	FIN 6506     Analysis of Investment Opportunities

	FIN 6627     International Financial Management

	RMI 6008     Risk Management

	

Public Sector Economics
For candidates seeking careers in the public sector as planners, policy analysts, or regulators, selection among the following electives is recommended:

	ECO 6226     Seminar in Money, Banking, and Monetary Policy

	ECO 6505     Public Finance and Fiscal Policy

	ECP 6205     Labor Economics

	ECP 6405     Industrial Organization and Performance

	ECP 6426     Economics of Regulated Industries

	ECP 6605     Economics of Urban and Regional Problems

	ECP 6705     Managerial Economics

	REE 6306     Corporate Real Estate Investment Decision-Making

	
Approved electives in Public Administration
Approved electives in Political Science
Approved electives in Political Theory

Quantitative Economics
For candidates seeking careers as analysts, consultants, or researchers in business, government, or nonprofit institutions, selection among the following quantitative electives is recommended:

	ECO 6266     Business Cycles and Forecasting

	ECO 6424     Econometrics

	ECP 6705     Managerial Economics

	MAN 6546     Quantitative Models for Business Decisions

	MAR 6616     Marketing Research Methods

	
International Political Economy
For candidates seeking positions with international organizations (such as the World Bank or United Nations), or overseas business or government appointments, selection among the following electives is recommended:

	ECO 6705     Seminar in International Economics

	ECS 6015     Economic Development

	FIN 6627     International Financial Management

	INR 6007     Seminar in International Politics

	PUP 6058     Issues in International Public Policy

	
Human Resource Economics
For candidates seeking careers in the area of human resources development or positions in interdisciplinary manpower-related issues, selection among the following electives is recommended:

	ECP 6205     Labor Economics

	ECS 6015     Economic Development

	EIN 5117     Management Information Systems

	EIN 6258     Man-Computer Interaction

	EVT 6267     Vocational Program Planning, Development, and Evaluation

	ISM 6121     Systems Analysis and Development

	MAN 6156     Personnel Resources Administration

	MAN 6245     Organizational Behavior and Development

	PAD 6417     Human Resource Management

	


Doctor of Philosophy in Business Administration

Contact Assistant Dean's Office
BA 240, Phone:(407) UCF-2987

This program is not currently accepting new students.

The objective of the doctoral program in Business Administration is to prepare students for academic careers in higher education and management careers in profit and nonprofit organizations. Success in the program is judged by the student's understanding of the issues and methodologies essential to the advancement of knowledge. Doctoral work is based on the achievement of academic and research competencies, rather than a specific number of courses. A student who participates in a doctoral program of study is expected to strive for the knowledge and skills necessary to develop excellence in teaching and to conduct quality research, and should at all times maintain the highest ideals of academic integrity and scholarship.

The doctoral program in business administration is currently undergoing extensive revisions. Students applying to the program should contact the Assistant Dean's Office for information about possible admission and the revised program. The program described below is the program followed by currently enrolled students. No new students have been accepted since 1994.

Admission
Students applying for admission to the doctoral program in Business Administration will be required to submit scores on the Graduate Management Admission Test (GMAT). International students must submit the Test of English as a Foreign Language (TOEFL) score if they are not a graduate from an accredited college or university in the United States. International students must also submit a minimum score of 240 on the Test of Spoken English (TSE). Admission decisions are made on the recommendation of the faculty of the appropriate department or school.

Before candidates will be considered for admission, all required application documents including application, official transcripts, and GMAT test scores must be received in the College of Business Administration Office of Student Support by March 1.

Degree Requirements
Upon admission to the doctoral program, the student will be assigned an advisory committee. The student, with the approval of the student's advisory committee, will complete a program of study, which, at a minimum, will consist of the following:

Foundation Body of Knowledge: 30 Semester Hours
In Finance the foundation body of knowledge includes (a) the Common Body of Knowledge of the master's degree in Business Administration, or its equivalent, and (b) graduate credit hours (6 semester hourstotal) in macro and microeconomic theory.

For Accounting this requirement may be satisfied in any of the four following ways: (1) M.S.A., (2) M.S.T., (3) master's degree from an accredited program plus CPA, or (4) a Florida 150 hour CPA that includes certain accounting courses deemed essential by the Accounting Ph.D. Coordinator or the student's advisory committee.

Any selected alternative must include a graduatelevel microeconomics course and a graduatelevel macroeconomics course.

Major Concentration: 15 or 16 Semester Hours
Students must select a major concentration from Accounting with a 16hour minimum or Finance with a 15hour minimum.


Accounting Major                                16 Semester Hours

ACG 7157     Seminar in Financial Accounting Research     3 hours

ACG 7887     Accounting Research Forum                    4 hours

             (Workshop, 1 hour credit per semester)

ACG 7915     Directed Research in Accounting              3 hours

Two other seminars from the following (3 hours each):     6 hours

ACG 7399     Seminar in Management Accounting Research

ACG 7699     Seminar in Auditing Research     

TAX 7066     Seminar in Doctoral Tax Research



Finance Major                                   15 Semester Hours

FIN 7811     Corporate Finance Theory                     3 hours

FIN 7813     Seminar in Financial Institutions

             and Markets                                  3 hours

FIN 7816     Investment Theory                            3 hours

FIN 7915     Directed Research in Finance                 3 hours

FIN 7930     Seminar in Finance                           3 hours

Minor Concentration: 9 Semester Hours
Students must select a minimum of nine hours in a unified area approved by the student's doctoral study advisory committee. Each student's program of study is individually tailored to accommodate student interests whenever possible, and this course work may be developed from offerings in the following disciplines with the advice and consent of the respective departments and advisory committee:

	Accounting           Marketing

	Computer Science     Mathematics

	Economics            Political Science

	Engineering          Psychology

	Finance              Sociology

	Management           Statistics

	
Research Tools: 15 Semester Hours
The research tools requirement is intended to ensure a thorough exposure to research methods. All candidates are expected to demonstrate knowledge of mainframe and personal computers. Knowledge and use of available databases and software are also expected. The required course work must include two of the following (a total of 6 semester credit hours):

	FIN 7807     Corporate Finance Theory

	GEB 7910     Research Methods in Business

	QMB 7565     Applied Business Statistics

	
The remaining nine semester hours (in addition to the minor concentration) typically are selected from offerings in the following disciplines:

	Accounting           Mathematics

	Computer Science     Psychology

	Economics            Sociology

	Engineering          Statistics

	Management Science

	
Candidacy Examination
The student must successfully complete a comprehensive Candidacy Examination. This examination has written and oral parts, and covers the candidate's program of study. Students are admitted to candidacy after satisfying all general degree requirements, passing the comprehensive examination, fulfilling the residency requirement, and successfully defending a written dissertation proposal in an oral examination conducted by the student's advisory/dissertation committee.

Dissertation: 624 Semester Hours
Minimum Hours Required for Ph.D.: 7594 Semester Hours

Final Defense

The successful completion of a final oral examination is required. This examination concentrates on, but is not limited to, the student's dissertation defense.




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