Major Finance (66 credits)

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

The 30-credit Finance Major has been designed to meet the increasing demand for expertise in this rapidly growing functional area of business. This major is designed to provide in-depth knowledge of finance theory, financial institutions, investment analysis, risk management, and applied techniques. Employment for graduates is most often obtained in investment and commercial banking, manufacturing and service firms, non-profit organizations and governments, and non-financial firms.

All BCom students take a Core curriculum in addition to this Major.

Required Courses (54 credits)

Management Core (36 credits)

  • ECON 295 Macroeconomic Policy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : This applied macroeconomics course focuses on current and recurrent macroeconomic issues important in understanding the public policy environment in which firms make their decisions. Topics include national accounts; national income determination; economic growth and fluctuations; money, monetary policy and financial markets; international trade and finance.

    Terms: Fall 2019, Winter 2020

    Instructors: Mayssun El-Attar Vilalta (Winter)

    • Corequisite: MGCR 293

    • Restriction: For B.Com. students

    • Restriction: Not open to students who have taken or are taking ECON 209, ECON 330D1/D2 or ECON 352D1/D2.

    • Continuing Studies: requirement for CMA, CGA, I.C.B., the EA of AACI, and the CRA

    • Continuing Studies: not open to full-time day students

  • MGCR 211 Introduction to Financial Accounting (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results.

    Terms: Fall 2019, Winter 2020

    Instructors: Seunghwan Oh, Hongping Tan, Philippe Levy (Fall) Dongyoung Lee (Winter)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 222 Introduction to Organizational Behaviour (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Individual motivation and communication style; group dynamics as related to problem solving and decision making, leadership style, work structuring and the larger environment. Interdependence of individual, group and organization task and structure.

    Terms: Fall 2019, Winter 2020

    Instructors: Chantal Westgate, Alfred M Jaeger, John-Paul Ferguson, Jean-Nicolas Reyt (Fall) Chantal Westgate, Diana Dakhlallah (Winter)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 271 Business Statistics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Statistical concepts and methodology, their application to managerial decision-making, real-life data, problem-solving and spreadsheet modeling. Topics include: descriptive statistics; normal distributions, sampling distributions and estimation, hypothesis testing for one and two populations, goodness of fit, analysis of variance, simple and multiple regression.

    Terms: Fall 2019, Winter 2020

    Instructors: Angelos Georghiou, Wei Qi, Javad Nasiry (Fall) Brian E Smith (Winter)

    • Prerequisite: MATH 122 and 123 or equivalent

    • Restriction: Not open to students who have taken or are taking MATH 204, MATH 324, PSYC 204, ECON 227, ECON 257

    • You may not be able to receive credit for this course and other statistic courses. Be sure to check the Course Overlap section under Faculty Degree Requirements in the Arts or Science section of the Calendar.

  • MGCR 293 Managerial Economics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The course focuses on the application of economic theory to management problems and the economic foundations of marketing, finance, and production. Attention is given to the following topics: price and cost analysis; demand and supply analysis, conditions of competition.

    Terms: Fall 2019, Winter 2020

    Instructors: Taweewan Sidthidet (Fall)

    • Restrictions: Not for credit for students who have taken or are taking any of the following: ECON 208, ECON 230D1/D2 and ECON 250D1/D2.

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the CRA

  • MGCR 331 Information Systems (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Introduction to principles and concepts of information systems in organizations. Topics include information technology, transaction processing systems, decision support systems, database and systems development. Students are required to have background preparation on basic micro computer skills including spreadsheet and word-processing.

    Terms: Fall 2019, Winter 2020

    Instructors: Richard George Donovan (Fall)

    • Prerequisite (Continuing Studies): CMSC 101 Mathematical Tools for Management Professionals or equivalent Basic computer skills including DOS, Spreadsheets and Word-processing and Database.

    • Restriction: Fall sections restricted to BCom students

    • Continuing Studies: requirement for the Institute of Internal Auditors, CMA, CGA

    • A special seminar will be available to those students who do not possess the above basic computer skills, at the students' own expense.

  • MGCR 341 Introduction to Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An introduction to the principles, issues, and institutions of Finance. Topics include valuation, risk, capital investment, financial structure, cost of capital, working capital management, financial markets, and securities.

    Terms: Fall 2019, Winter 2020

    Instructors: Vadim di Pietro (Fall) Vadim di Pietro, Sujata Madan (Winter)

    • Corequisite: MGCR 271 or equivalent

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 352 Principles of Marketing (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Introduction to marketing principles, focusing on problem solving and decision making. Topics include: the marketing concept; marketing strategies; buyer behaviour; Canadian demographics; internal and external constraints; product; promotion; distribution; price. Lectures, text material and case studies.

    Terms: Fall 2019, Winter 2020

    Instructors: Hamid Etemad, Hee Ryung Kim (Fall) Yi Lu, Nathan Yang, DaHee Han, Emine Sarigollu (Winter)

    • Continuing Studies: requirement for the Institute of Internal Auditors, and the Canadian Institute of Management

  • MGCR 360 Social Context of Business (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : This course examines how business interacts with the larger society. It explores the development of modern capitalist society, and the dilemmas that organizations face in acting in a socially responsible manner. Students will examine these issues with reference to sustainable development, business ethics, globalization and developing countries, and political activity.

    Terms: Fall 2019, Winter 2020

    Instructors: Lindsay Holmgren (Fall) Saku Mantere, Arvind Karunakaran, Lindsay Holmgren, Jan J Jorgensen (Winter)

  • MGCR 382 International Business (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An introduction to the world of international business. Economic foundations of international trade and investment. The international trade, finance, and regulatory frameworks. Relations between international companies and nation-states, including costs and benefits of foreign investment and alternative controls and responses. Effects of local environmental characteristics on the operations of multi-national enterprises.

    Terms: Fall 2019, Winter 2020

    Instructors: Jan J Jorgensen, Donald Melville (Fall) Donald Melville (Winter)

  • MGCR 423 Strategic Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An integrative and interdisciplinary introduction to strategy formation and execution. Concepts, tools, and practical application to understand how firms leverage resources and capabilities to gain competitive advantage in dynamic, contemporary industries. Strategic positioning, organizational design, and managerial action for the long-term success of businesses and positive social and ecological outcomes.

    Terms: Fall 2019, Winter 2020

    Instructors: Matthew Corritore, Donald Melville, Karl James Moore, Gregory Bryan Vit (Fall) Kwangjun An, Gregory Bryan Vit (Winter)

    • Restriction: Open to U2, U3 students only

    • Continuing Studies: requirement for CMA, CGA, the Institute of Internal Auditors, and the Canadian Institute of Management - in addition to these, the course "Introduction to Business," CGMG 282 is also required for C.I.M.

  • MGCR 472 Operations Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Design, planning, establishment, control, and improvement of the activities/processes that create a firm's final products and/or services. The interaction of operations with other business areas will also be discussed. Topics include forecasting, product and process design, waiting lines, capacity planning, inventory management and total quality management.

    Terms: Fall 2019, Winter 2020

    Instructors: Shanling Li (Fall)

    • Prerequisite: MGCR 271 or equivalent

    • Requirement for the Canadian Institute of Management

Major (18 credits)

  • FINE 342 Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.

    Terms: Fall 2019, Winter 2020

    Instructors: Sujata Madan, Larbi Hammami (Fall) Sujata Madan (Winter)

    • Prerequisite: MGCR 341

    • **Due to the intensive nature of this course, the standard add/drop and withdrawal deadlines do not apply. Add/drop is the second lecture day and withdrawal is the fourth lecture day.

  • FINE 441 Investment Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Application of investment principles and security analysis to the selection and comparison of equity and fixed income securities in the current economic and financial environment. Also covered are: determinants of stock prices, growth models and portfolio diversification.

    Terms: Fall 2019, Winter 2020

    Instructors: Larbi Hammami, Mohammed M Chaudhury (Fall) Benjamin Croitoru, Ruslan Goyenko (Winter)

  • FINE 443 Applied Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Concepts and techniques are applied to problems faced by managers in Corporate Finance, such as working capital management, capital budgeting, capital structure, dividend policy, cost of capital, and mergers and acquisition. Application of theory and techniques through case studies.

    Terms: Fall 2019, Winter 2020

    Instructors: Jiro Kondo (Fall) Larbi Hammami (Winter)

  • FINE 448 Financial Derivatives (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course will concentrate on both the analytical and practical aspects of investments in options and futures. The first part of the course concentrates on option and futures valuation, considering both discrete and continuous time models. The second part of the course concentrates on the practical aspects of options and futures trading.

    Terms: Fall 2019, Winter 2020

    Instructors: Patrick Augustin (Fall) Daniel Andrei (Winter)

  • FINE 482 International Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The international financial environment as it affects the multinational manager. Balance of payments concepts, adjustment process of the external imbalances and the international monetary system. In depth study of the institutional and theoretical aspects of foreign exchange markets; international capital markets, including Eurobonds and eurocredit markets.

    Terms: Fall 2019, Winter 2020

    Instructors: Sergei Sarkissian (Fall) Mohammed M Chaudhury (Winter)

  • MGSC 372 Advanced Business Statistics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Science : A practical managerial approach to advanced simple and multiple regression analysis, with application in finance, economics and business, including a review of probability theory, an introduction to methods of least squares and maximum likelihood estimation, autoregressive forecasting models and analysis of variance.

    Terms: Fall 2019, Winter 2020

    Instructors: Brian E Smith (Fall) Brian E Smith (Winter)

Complementary Courses (12 credits)

At least 9 credits from:

  • FINE 434 Topics in Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Topics will be selected from current issues in the Finance Area.

    Terms: Winter 2020

    Instructors: Fahad Saleh (Winter)

  • FINE 435 Advanced Topics in Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Advanced topics will be selected from current issues in the Finance Area.

    Terms: Fall 2019, Winter 2020

    Instructors: Anisha Ghosh (Fall) Sebastien Betermier (Winter)

  • FINE 442 Capital Markets and Institutions (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Functions of the capital market through flow of funds analysis and an examination of portfolio activities of financial intermediaries. Also covered are: securities regulations and ethical considerations, the term structure of interest rates and risk and rates of return in debt and equity markets.

    Terms: Fall 2019, Winter 2020

    Instructors: Laurent Barras (Fall) Larbi Hammami (Winter)

  • FINE 444 Principles and Strategies of Securities Trading (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Half theory and half practical exercises using Rotman Interactive Trader software in the trading lab. Theory: principles of trading in different asset classes. Software simulated cases: the actual market environment is simulated where class participants trade in real time. As the market is running, students, given previously prepared strategies, start affecting market prices and see their profit and losses, given the strategies they implement.

    Terms: Winter 2020

    Instructors: Ruslan Goyenko (Winter)

    • Prerequisite(s): MGCR 341, FINE 441

    • Restriction(s): Not open to students who have taken FINE 434 when the topic was "Managing the Risk of Trading Strategies".

  • FINE 445 Real Estate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Fundamentals of mortgages from the viewpoint of both consumer and the firm. Emphasis on legal, mathematical and financial structure, provides a micro basis for analysis of the functions and performance of the mortgage market, in conjunction with the housing market.

    Terms: Fall 2019

    Instructors: Mohammed M Chaudhury (Fall)

  • FINE 446 Behavioural Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : This course will focus on how, why and to what extent our "humanness" affects decision making pertaining to financial issues. Until Kahneman and Tversky came out with their landmark work, known as prospect theory, economics was based on the notion that individuals, companies, and even countries make decisions based on their financial self-interest. In fact this is one of the tenets of modern portfolio theory. Topics covered in the course include loss aversion, the disposition effect, the framing effect, and the endowment effect.

    Terms: Fall 2019

    Instructors: There are no professors associated with this course for the 2019-2020 academic year.

    • Prerequisite(s): MGCR 341.

    • Restriction(s): Not open to students who have taken FINE 434 when topic was "Behavioural Finance".

  • FINE 447 Venture Capital and Entrepreneurial Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : This course is designed to provide an introduction to the startup production process with an emphasis on the institutions, processes, and problem solving approaches used in the financing of startup activity. The primary focus of the course is the venture capital industry though classroom discussions will also touch upon alternative funding channels like angel investors, accelerators and incubators, crowdfunding platforms, etc.

    Terms: Fall 2019, Winter 2020

    Instructors: Jiro Kondo (Fall) Jiro Kondo (Winter)

    • Prerequisite(s): MGCR 341.

    • Restriction(s): Not open to students who have taken FINE 434 when topic was "Venture Capital and Entrepreneurial Finance".

  • FINE 449 Market Risk Models (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Dynamic market risk models including GARCH volatility models, dynamic conditional correlation models, non-normal return distributions, option pricing allowing for skewness and kurtosis, and option risk management using delta, delta-gamma and full-valuation.

    Terms: Fall 2019

    Instructors: Jan Edvard Ericsson (Fall)

  • FINE 451 Fixed Income Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Fixed income financial instruments and their uses for both financial engineering and risk management (at the trading desk and aggregate firm level). This will involve coverage of fixed income mathematics, risk management concepts, term structure modeling, derivatives valuation and credit risk analysis.

    Terms: Winter 2020

    Instructors: Guillaume Roussellet (Winter)

  • FINE 452 Applied Quantitative Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course is built around a series of practical applications (backtesting trading strategies, yield curve modelling, derivatives hedging) and consists of lab sessions where lectures are mixed with time and support for solving the tasks in Matlab. No programming experience is required, but a willingness to learn is.

    Terms: Fall 2019

    Instructors: Anisha Ghosh (Fall)

    • Prerequisite(s): MGCR 341 and FINE 441.

    • Restriction(s): Not open to students who have taken FINE 434 when topic was "Applied Quantitative Finance".

  • FINE 456 Trading in Financial Securities (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Generating alpha and alternative beta by creating asymmetric outcomes using securities selection and market timing, money and risk management, trading strategies and systems across asset classes, including fixed income, commodities, equities and foreign exchange. Topics include Hedge Funds, investment themes, execution strategies on a wide range of financial securities, including equities, ETPs, currencies, futures and options.

    Terms: Fall 2019

    Instructors: There are no professors associated with this course for the 2019-2020 academic year.

    • Prerequisite: MGCR 341

    • Restriction: Not open to students who have taken FINE 434 when topic was "Trading in Financial Securities".

  • FINE 480 Global Investments (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Major principles of international investments and global asset allocation, focusing on recent developments in modeling and predicting global asset returns. Main approaches to stock selection, style investing, and special issues such as indirect diversification and country and industry effects in equity pricing. Use of Datastream and other financial data sources.

    Terms: This course is not scheduled for the 2019-2020 academic year.

    Instructors: There are no professors associated with this course for the 2019-2020 academic year.

  • FINE 492 International Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Focus on the financial and operational management of multinational enterprises including (but not limited to) financing and capital budgeting decisions, corporate governance and its implications on valuation and control, and recent developments in international capital markets.

    Terms: Winter 2020

    Instructors: David Schumacher (Winter)

  • FINE 541N1 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Students are exposed to practical aspects of managing investment portfolios. A principal activity of students is participation in the management of a substantial investment fund.

    Terms: Winter 2020

    Instructors: Laurent Barras, Sebastien Betermier (Winter)

    • Prerequisite (Undergraduate): FINE 441. Limited enrolment

    • Prerequisite (Graduate): Permission of the instructor.

    • Students must also register for FINE 541N2

    • No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period

    • Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.

  • FINE 541N2 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : See FINE 541N1 for course description.

    Terms: Fall 2019

    Instructors: Laurent Barras, Sebastien Betermier (Fall)

    • Prerequisite: FINE 541N1

    • No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period

    • Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.

  • FINE 547 Advanced Finance Seminar (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Selected topics will be discussed by Faculty members, invited guest speakers, and the students. Each student is required to select a topic for study and prepare a written report for presentation.

    Terms: Fall 2019

    Instructors: Vihang R Errunza (Fall)

The remainder, if any, from:

  • ACCT 351 Intermediate Financial Accounting 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : An examination of the theoretical foundation for financial reporting and revenue recognition. The tools of accounting, including a review of the accounting process and compound interest concepts. Asset recognition, measurement and disclosure. Partnership accounting.

    Terms: Fall 2019, Winter 2020

    Instructors: Ralph Cecere (Fall) Amanda Abrams (Winter)

  • ACCT 352 Intermediate Financial Accounting 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : A continuation of Intermediate Financial Accounting 1. An examination of liability recognition, measurement and disclosure, including leases, pension costs and corporate income tax. Shareholders' equity, dilutive securities and earnings per share. The statement of changes in financial position, basic financial statement analysis and full disclosure in financial reporting.

    Terms: Fall 2019, Winter 2020

    Instructors: Amanda Abrams (Fall) Amanda Abrams (Winter)

  • ACCT 354 Financial Statement Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm.

    Terms: Fall 2019, Winter 2020

    Instructors: Julia Scott (Fall)

  • ACCT 385 Principles of Taxation (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : An introduction to the concepts underlying the Canadian tax system and how they are applied in relation to the taxation of individuals and businesses.

    Terms: Fall 2019, Winter 2020

    Instructors: Larry Goldsman (Fall) Brian Wenzel (Winter)

Desautels Faculty of Management—2019-2020 (last updated Mar. 18, 2019) (disclaimer)