University of Kentucky Undergraduate Bulletin
2001-2002
"I have thoroughly enjoyed my experiences at the University of Kentucky and the Gatton College of Business and Economics over the past few years. The College has given me the opportunity to be involved in many University and College activities that have contributed to my personal growth and development. The true reward of the College rests with the people who comprise it - top-rated faculty, extraordinary advisors and staff, and exceptional peers. All of these people form a community-like environment that is second to none. Being a part of the Gatton College has rewarded me with lifelong friendships with faculty, advisors, and students. It has truly been one of the best experiences of my life."
- Chris Hafling
2001 Graduate
B&E Ambassador
Economics and Marketing Major
Richard W. Furst, D.B.A., is Dean of the College of Business and Economics; Michael G. Tearney, Ph.D., is Associate Dean; Daniel Lockhart, Ph.D., is Assistant Dean.
Programs Offered in the Carol Martin Gatton College of Business and Economics
The College of Business and Economics was established at the University of Kentucky in 1925 as the College of Commerce. The name was changed to College of Business and Economics in 1966. The name was changed again in 1996 to the Carol Martin Gatton College of Business and Economics.
The objective of the instructional programs in the Gatton College of Business and Economics is to prepare the student for a lifelong career in business, government, or research and teaching. The programs are structured to provide each student an opportunity to acquire a background in the basic areas of the arts and sciences, to obtain a broad knowledge of business and economics, and to study in depth one or more fields of special interest.
Accreditation
The Gatton College of Business and Economics is a member of the AACSB -- The International Association for Management Education, which accredits undergraduate programs in accounting, business administration, and economics as well as master's programs in accounting and business administration. The programs of the college enjoy the Assembly's full accreditation.
Undergraduate Programs in Business and Economics
The University of Kentucky grants the following degrees in the Gatton College of Business and Economics:
- Bachelor of Business Administration
- Bachelor of Science in Accounting
- Bachelor of Science in Business and Economics
Students pursuing the Bachelor of Business Administration may select from these majors: Decision Science and Information Systems, Finance, Management, and Marketing. Students pursuing the Bachelor of Science in Business and Economics major in economics.
ADMISSION POLICY
Admission to the University is sufficient for lower-division admission to the Gatton College of Business and Economics for students with less than a junior standing. However, lower-division admission to the college or any admission to the University does not guarantee upper-division admission to one of the degree programs in the Gatton College of Business and Economics. In general, admission depends upon the qualifications and preparation of the applicants, as well as the availability of the resources for maintaining quality instruction.
Upper-division admission into a degree program is necessary in order to be granted a baccalaureate degree from the Gatton College of Business and Economics. Students who have attained a 3.0 or higher cumulative grade-point average overall and in the English/premajor component required of all students in the Gatton College of Business and Economics and have completed 60 semester hours of college-level credit will be assured admission.
Annually the Gatton College of Business and Economics will review the admission requirements and determine the cumulative grade-point average (Annual Admission GPA), if any, that would be acceptable below the 3.0 standard. The Annual Admission GPA (both overall and in the English/premajor component) will be no lower than 2.5 (see "Appeal Process" below for special circumstances). This GPA will be made available in the Undergraduate Advising Office of the Gatton College of Business and Economics by October 15 of each year. This GPA will be effective the following May 1. The GPA would be effective for any student applying for upper-division admission to the Gatton College of Business and Economics, regardless of the time of his/her enrollment in the University.
To be considered for upper-division admission to any of the undergraduate degree programs offered by the Gatton College of Business and Economics, an applicant must fulfill the following requirements:
- Enrollment in the University of Kentucky. (Students are considered for acceptance by the college only after acceptance by the University of Kentucky.);
- Completion of 60 semester hours with a minimum cumulative grade-point average of 3.0 or the current Annual Admission GPA, whichever is lower;
- Completion of the English/premajor component required of all students within the Gatton College of Business and Economics with a minimum grade-point average of 3.0 or the minimum current Annual Admission GPA, whichever is lower. (The courses meeting the English/premajor requirements are listed under Graduation Requirements below.);
- Submission of an application form to the Gatton College of Business and
Economics. The application is available in the college's
Undergraduate Advising Center.
Applications from students outside the University of Kentucky seeking admission to the Gatton College of Business and Economics, whether for upper-division or lower-division status, must be received by the University Admissions Office no later than April 15 (first summer session); May 15 (second summer session); August 1 (fall semester); and December 1 (spring semester).
Students enrolled in other UK colleges on campus should apply for admission prior to the priority registration period. (The appropriate deadlines are listed in the University calendar for approved times to change major).
Lower-division students enrolled in the Gatton College of Business and Economics should apply for upper-division admission to the college during the semester they are completing the English/premajor course work. The application for upper-division admission should be made before the priority registration period for the upcoming semester.
Lower-division students in the college who are missing no more than two English/premajor courses will be permitted to complete these courses simultaneously with enrollment in restricted course work if they are otherwise eligible. Eligibility is determined by attainment of junior standing and the minimum cumulative and English/premajor grade-point standings. This privilege will be granted for one semester only.
Students not admitted to an upper-division program in the Gatton College of Business and Economics should be aware that others may be given preference for enrollment in the unrestricted upper-division courses offered by the Gatton College of Business and Economics.
Enrollment in restricted Business and Economics courses number 300 or above will be limited to:
- Upper-division Business and Economics students;
- Lower-division Business and Economics students who are missing no more than two English/premajor courses and are otherwise eligible for upper-division status. (This privilege will be granted for one semester only.);
- Non-Business and Economics students who are registered for specific programs requiring Business and Economics courses;
- Other students or categories of students with specific permission of the department offering the course.
In the event of capacity limitations, enrollment preference would be made in the above order.
An applicant from a non-English speaking country is required to take the Test of English as a Foreign Language (TOEFL) and must have a minimum score of 550 in order to be considered for admission. (An equivalent score from another English proficiency test similar to TOEFL may be allowed upon request.)
Appeal Process
Students with a GPA below the Annual Admission GPA may appeal for admission into the Gatton College of Business and Economics. If the Appeals Committee feels that there is persuasive evidence that personal, academic or professional circumstances have affected a student's grade and if the Appeals Committee feels that the student shows promise for successful completion of a degree in the Gatton College of Business and Economics, acceptance may be granted. Materials and information necessary for the appeals process are available in the Undergraduate Advising Office. The deadline for the submission of the appeals is generally 45 days prior to the beginning of the semester; however, appeals materials are not accepted for the first summer session.
Scholarships
Since the Gatton College of Business and Economics has a selective admission policy at the junior level, the majority of scholarship funds are awarded to students who have qualified for, or are currently enrolled in, the upper division program of the college. Scholarships are generally awarded in the spring for the upcoming academic year. The deadline for scholarship applications is usually mid-April. For scholarship information and applications, contact the Undergraduate Advising Center.
DIVISIONS
SCHOOL OF ACCOUNTANCY
The faculty in the School of Accountancy is committed to providing the best possible educational experience for students. The faculty has both breadth and depth of training and experience in public accounting, industry, government and regulated industries, and previous classroom experience.
DEPARTMENT OF ECONOMICS
The Department of Economics provides theoretical and applied courses in widely diverse areas including urban problems, labor, monetary economics, international economics, comparative economic systems, and economic history.
SCHOOL OF MANAGEMENT
Decision Science and Information Systems
The faculty of the Area of Decision Science and Information Systems provides theoretical and applied courses in management science, operations management, management information systems, decision support systems, and business expert systems. Members of the area have interest and experience in both the theoretical development and business application of decision systems.
Finance
The Area of Finance offers a variety of courses, both to students who concentrate their studies in finance and to those who desire additional knowledge in various financial areas. Such areas include financial management, security analysis and portfolio management, capital market theory, banking and institutions, and real estate.
Management
The faculty in the Area of Management brings extensive academic and practical experience to the classroom. Course offerings cover an array of management areas such as personnel, production and operations, analysis, development and design, and business policy.
Marketing
The faculty in the Area of Marketing has extensive experience in industry and government and includes individuals with interests and training in all areas of marketing. Aspects of marketing such as research, strategy and planning, and retail and sales management are covered in marketing course work.
All students in the Gatton College of Business and Economics must fulfill the University Studies requirements as outlined in the University Studies section.
All students in the Gatton College of Business and Economics must fulfill the College requirements, premajor requirements, and College core requirements which are listed below. Major requirements for each program in the college are also listed below.
College Requirements
To graduate from the Gatton College of Business and Economics, a student must have a total of 120 credit hours (exclusive of lower division military science courses, physical education service courses, and performance-type courses) with a 2.0 grade-point standing. (Accounting majors complete a minimum of 123 credit hours.) Students are required to earn at least 50 percent of their business credit hours required for the business degree at the University of Kentucky with a 2.0 grade-point standing. In addition, 50 percent of the departmental major credit hours must be earned at the University of Kentucky.
In addition to fulfilling the University Writing requirement, students must also complete ENG 203, Business Writing.
Each student's undergraduate curriculum must have a general education component which comprises at least 50 percent of the total credit hours required for obtaining a bachelor's degree in the Gatton College of Business and Economics. Up to nine semester hours of economics and up to six semester hours of statistics may be counted as part of the general education curriculum.
Students enrolled in the Gatton College of Business and Economics may complete a maximum of nine credit hours of college core and major courses through the Independent Study Program (correspondence).
| Premajor Requirements |
| Students must complete 22-24 credit hours taken from the following courses: |
| Hours |
| CS 101 Introduction to Computing I | 3 |
| ACC 201 Financial Accounting I | 3 |
| *ACC 202 Managerial Uses of Accounting Information | 3 |
| ECO 201/202 Principles of Economics I and II | 6 |
| STA 291 Statistical Method | 3 |
| MA 123 Elementary Calculus and Its Applications and | 3 |
| MA 162 Finite Mathematics and Its Applications or | 3 |
| MA 113 Calculus I | 4 |
|
|
| *Accounting majors take ACC 208 and ACC 211 instead of ACC 202. |
| College Core |
| The Core, a total of 18 credit hours, consists of the following courses: |
| MKT 300 Marketing Management | 3 |
| FIN 300 Corporation Finance | 3 |
| MGT 301 Business Management | 3 |
| MGT 340 Ethical and Regulatory Environment | 3 |
| DIS 300 Quantitative Analysis in Operations Management | 3 |
| ECO 391 Economic and Business Statistics | 3 |
Electives
Each of the degree programs affords the student considerable opportunity and freedom of choice to take elective courses. The number of electives will vary depending on student and major. Each student must meet the general minimum hours for graduation (accounting majors - 123; all other majors - 120). Students pursuing a second degree must have a minimum of 144 hours. Six hours of electives must be taken from courses outside the Gatton College of Business and Economics. Military science (lower division), music performance, KHP activity courses, and UK 101/201 (one credit) courses do not count for electives. A maximum of six hours of technical courses can be counted for electives. A total of four electives may be taken on a pass/fail basis if they are not being used for any other type of requirement, nor taught through the student's major department(s).
Policy on Experiential Education
Carol Martin Gatton College of Business and Economics' faculty work with the Office of Experiential Education to provide students with the opportunity to intern in a business-related field. The College allows a student to apply toward graduation up to six credit hours (pass/fail option only) of EXP 396/internship credit earned at the University of Kentucky. The maximum credit hours each semester that can be applied toward graduation for EXP 396/internship credit is three. Credits earned for other internship courses throughout the University are included in the three hours per semester and the six hour maximum for graduation credit. For further information, contact the Office of Experiential Education at (859) 257-3632.
Advising
The Undergraduate Advising Center
(125 Gatton B&E Building) coordinates the academic advising of business students. Generally, lower division students (first- and second-year students) are advised through the Center. Students who have been admitted to the upper division program (juniors and seniors) are advised by departmental faculty advisors.
General information, admission decisions, and the evaluation of transfer credit (including applicability of credit towards degree requirements) are determined by the staff of the advising center.
