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Joint Honours Economics and Finance (81 credits)

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Note: This is the 2021–2022 eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or .

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

The B.Com. Joint Honours in Economics and Finance program is offered jointly between Economics and the Desautels Faculty of Management. This program requires the completion of 30 specified credits of Honours courses listed in the Economics part of the program and 24 specified credits for Finance. In addition, all B.Com. students take a Core curriculum.

Students in this program should see an Economics adviser and a Management adviser. For the economics part, they should consult the Economics Honours and Joint Honours programs at . For the current list of advisers in Economics and their advising times, see the website of the Department of Economics, Faculty of Arts.

Continuation in the Economics part of this Joint Honours program requires a minimum grade of B- in ECON 250 and a minimum B- average in the required and complementary Honours Economics courses. Students failing to meet these requirements must switch out of the Honours program. If they continue to register in Honours, they will not be allowed to graduate with Honours.

For the Economics component, a student must also obtain a 3.00 GPA in the required courses, a 3.00 average in the required and complementary credits in Economics, and an overall CGPA of 3.00. The Faculty of Management requires that students must achieve a grade of B- or better in all courses in the Finance component of this program.

For a First Class Honours degree, the minimum requirements are a 3.50 program GPA in the required courses, a 3.50 average in the required and complementary credits in Economics, and a CGPA of 3.50. In cases where a student takes a Supplemental Exam in a course, both the original and the Supplemental Exam grades will be counted in the calculation of the GPA and CGPA averages.

For the Management part of this program, students have to meet the requirements of the Faculty of Management for Honours and First Class Honours.

Program Prerequisites (0-10 credits)

  • MATH 133 Linear Algebra and Geometry (3 credits) *

    Offered by: Mathematics and Statistics (Faculty of Science)

    Overview

    Mathematics & Statistics (Sci) : Systems of linear equations, matrices, inverses, determinants; geometric vectors in three dimensions, dot product, cross product, lines and planes; introduction to vector spaces, linear dependence and independence, bases. Linear transformations. Eigenvalues and diagonalization.

    Terms: Fall 2021, Winter 2022, Summer 2022

    Instructors: Bélanger-Rioux, Rosalie; Bibby, Sean; Chinis, Jake; Li, Wanlin; Alfieri, Antonio (Fall) Fortier, Jérôme (Winter) Leroux-Lapierre, Alexis (Summer)

    • 3 hours lecture, 1 hour tutorial

    • Prerequisite: a course in functions

    • Restriction A: Not open to students who have taken MATH 221 or CEGEP objective 00UQ or equivalent.

    • Restriction B: Not open to students who have taken or are taking MATH 123, except by permission of the Department of Mathematics and Statistics.

    • Restriction C: Not open to students who are taking or have taken MATH 134.

  • MATH 140 Calculus 1 (3 credits) **

    Offered by: Mathematics and Statistics (Faculty of Science)

    Overview

    Mathematics & Statistics (Sci) : Review of functions and graphs. Limits, continuity, derivative. Differentiation of elementary functions. Antidifferentiation. Applications.

    Terms: Fall 2021, Winter 2022, Summer 2022

    Instructors: Trudeau, Sidney; Nazari Zahraei Motlagh, Erfan; Sabbagh, Magid (Fall) Kelome, Djivede (Winter) Abdenbi, Brahim (Summer)

    • 3 hours lecture, 1 hour tutorial

    • Prerequisite: High School Calculus

    • Restriction: Not open to students who have taken MATH 120, MATH 139 or CEGEP objective 00UN or equivalent

    • Restriction: Not open to students who have taken or are taking MATH 122, except by permission of the Department of Mathematics and Statistics

    • Each Tutorial section is enrolment limited

  • MATH 141 Calculus 2 (4 credits) **

    Offered by: Mathematics and Statistics (Faculty of Science)

    Overview

    Mathematics & Statistics (Sci) : The definite integral. Techniques of integration. Applications. Introduction to sequences and series.

    Terms: Fall 2021, Winter 2022, Summer 2022

    Instructors: Macdonald, Jeremy; Albanese, Michael (Fall) Bibby, Sean; Fortier, Jérôme; Cavallo, Alberto (Winter) Sabbagh, Magid; Barill, Gavin (Summer)

    • Prerequisites: MATH 139 or MATH 140 or MATH 150.

    • Restriction: Not open to students who have taken MATH 121 or CEGEP objective 00UP or equivalent

    • Restriction Note B: Not open to students who have taken or are taking MATH 122, except by permission of the Department of Mathematics and Statistics.

    • Each Tutorial section is enrolment limited

* Required course to be completed prior to U2 (or equivalent)
** For entering the program (or equivalent)

Required Courses (66 credits)

Management Core (27 credits)

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Zhang, Jingjing; Oh, Seunghwan; Ma, Guang (Fall) Lee, Dongyoung; Wang, Peng (Winter) Matarasso, Robert (Summer)

    • Restriction: Not open to U0 students.

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Ferguson, John-Paul; Blanchette, Simon; Mahabadi, Sara; Al Hajj, Raghid (Fall) Dakhlallah, Diana; Reyt, Jean-Nicolas; Galperin, Roman (Winter) Westgate, Chantal (Summer)

    • Restriction: Not open to U0 students.

  • 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 2021, Winter 2022

    Instructors: Taherizadeh, Amir; Tanguay, Sol (Fall) Tanguay, Sol; Taherizadeh, Amir (Winter)

    • Restriction: Not open to U0 students.

  • 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 2021, Winter 2022, Summer 2022

    Instructors: De Motta, Adolfo (Fall) di Pietro, Vadim; Madan, Sujata (Winter) di Pietro, Vadim (Summer)

    • Corequisite: MGCR 271 or equivalent

    • Restriction: Not open to U0 students.

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Etemad, Hamid; Han, DaHee; Cyrius, Fabienne (Fall) Doré, Bruce; Sarigollu, Emine; Forget, Marie-Elyse; Cyrius, Fabienne; Maziarz, Christopher (Winter) Han, Jung Ho (Summer)

    • Restrictions: Open to U1, U2, U3 students.

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Holmgren, Lindsay; Moyal, Jonathan; Mohammadi, Hanieh; Horner, Hervé Robert (Fall) Karunakaran, Arvind; Mantere, Saku; Horner, Hervé Robert; Moyal, Jonathan (Winter) Horner, Hervé Robert (Summer)

    • Restriction: Open to U2 and U3 students.

  • 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 2021, Winter 2022

    Instructors: Melville, Donald; Matziorinis, Nicholas (Fall) Melville, Donald; Matziorinis, Nicholas (Winter)

    • Restriction: Not open to U0 students.

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Melville, Donald; Moore, Karl; Zavosh, Ghahhar; Lyubman, Liliya (Fall) An, Kwangjun; Moore, Karl; Zavosh, Ghahhar (Winter) Fast, Jonathan (Summer)

    • Restriction: Open to U2, U3 students only

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Ding, Yichuan Daniel; Talla, Malleswara (Fall) Gopalakrishnan, Sanjith; Hariss, Rim; Cohen, Maxime (Winter) Mutlu, Aysun (Summer)

    • Prerequisite: MGCR 271 or equivalent

    • Restriction: Open to U1, U2, U3 students.

Honours Courses (39 credits)

For the regulations governing courses in statistics, please refer to the Department's document "Rules on Stats Courses for Economics Students" available on the following website: . Students who have taken equivalent statistics courses prior to entering the program may be waived the ECON 257D1/ECON 257D2 requirement. These students will normally be required to take ECON 469 in addition to ECON 468.

  • ECON 250D1 Introduction to Economic Theory: Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : An intermediate level microeconomics course. Includes theory of exchange, theory of consumer behaviour, theory of production and cost curves, theory of the firm, theory of distribution; general equilibrium and welfare economics. The assumptions underlying the traditional neo-classical approach to economic theory will be carefully specified.

    Terms: Fall 2021

    Instructors: Lander, Moshe (Fall)

  • ECON 250D2 Introduction to Economic Theory: Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : See ECON 250D1 for course description.

    Terms: Winter 2022

    Instructors: Dutta, Rohan (Winter)

    • Prerequisite: ECON 250D1

    • No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms

  • ECON 257D1 Economic Statistics - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Stochastic phenomena; probability and frequency distributions, introduction to probability theory. Statistical inference about proportions, means and variances; analysis of variance; nonparametric statistics; index numbers and time series; economic forecasting; regression and correlation analysis; introduction to general linear models, its uses and limitations; uses and misuses of statistics.

    Terms: Fall 2021

    Instructors: Galbraith, John W (Fall)

    • Corequisites: MATH 141 and MATH 133 and ECON 250

    • Restriction: Not open to students who have taken 154-357 or are taking ECON 217 or ECON 227.

    • Students must register for both ECON 257D1 and ECON 257D2.

    • No credit will be given for this course unless both ECON 257D1 and ECON 257D2 are successfully completed in consecutive terms

    • 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.

  • ECON 257D2 Economic Statistics - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : See ECON 257D1 for course description.

    Terms: Winter 2022

    Instructors: Chaudhuri, Saraswata (Winter)

    • Prerequisite: ECON 257D1

    • No credit will be given for this course unless both ECON 257D1 and ECON 257D2 are successfully completed in consecutive terms

    • 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.

  • ECON 352D1 Macroeconomics - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Basic macroeconomic theory, emphasizing the Classical and Keynesian ideas for the short-run determination of output, employment, interest rates and prices in the economy. Elements of international economics, money and banking and growth theory. The structure of the Canadian economy.

    Terms: Fall 2021

    Instructors: Alvarez-Cuadrado, Francisco (Fall)

  • ECON 352D2 Macroeconomics - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : See ECON 352D1 for course description.

    Terms: Winter 2022

    Instructors: Alvarez-Cuadrado, Francisco (Winter)

  • ECON 450 Advanced Economic Theory 1 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.

    Terms: Winter 2022

    Instructors: Lander, Moshe (Winter)

  • ECON 452 Advanced Economic Theory 2 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.

    Terms: Fall 2021

    Instructors: Benchekroun, Hassan (Fall)

  • ECON 468 Econometrics 1 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The statistical basis of econometric modelling and treatment of the linear regression model; simple time series models; procedures for inference in linear cases; an introduction to methods for dealing with endogeneity and non-constant variance.

    Terms: Fall 2021

    Instructors: Davidson, Russell (Fall)

    • Prerequisite(s): ECON 257D1/D2 or permission of the instructor.

    • Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Beaumont, Paul; di Pietro, Vadim (Fall) Rivera, Thomas (Winter) di Pietro, Vadim (Summer)

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Hammami, Larbi; Croitoru, Benjamin (Fall) di Pietro, Vadim (Winter) Lu, Lucie; Ma, Nan (Summer)

  • 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 2021, Winter 2022, Summer 2022

    Instructors: Kondo, Jiro (Fall) Hammami, Larbi; Weitzner, Gregory (Winter) jiang, weiyu (Summer)

  • 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 2021

    Instructors: Andrei, Daniel (Fall)

Complementary Courses (15 credits)

3 credits from the following:

  • ECON 460 History of Thought 1 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The evolution of economic thought prior to the close of the 19th century, as reflected in the writings of prominent economists from the time of Adam Smith to the emergence of marginalism and neoclassical economics.

    Terms: Fall 2021

    Instructors: Green, Christopher (Fall)

  • ECON 461 History of Thought 2 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The evolution of economic thought in the 20th century, as reflected in the writings of prominent economists on equilibrium, dynamics, games, expectations, econometrics, industrial structure, economic policy and other primary areas of interest.

    Terms: Winter 2022

    Instructors: Green, Christopher (Winter)

  • ECON 469 Econometrics 2 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Treatment of asymptotic theory and classical inferential procedures, an introduction to the bootstrap, maximum likelihood, non-linear models, mis-specification testing, non-stationarity and limited dependent variable models.

    Terms: Winter 2022

    Instructors: Koh, Julia (Winter)

    • Prerequisite: ECON 468

    • Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2

12 credits from the following:

  • 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: Fall 2021, Winter 2022, Summer 2022

    Instructors: Vendette, Rosalie (Fall) Kondo, Jiro; Barrett, Alex (Winter) Kondo, Jiro (Summer)

  • 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 2021

    Instructors: Ghosh, Anisha (Fall)

  • 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: This course is not scheduled for the 2021-2022 academic year.

    Instructors: There are no professors associated with this course for the 2021-2022 academic year.

    • 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 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 2021, Winter 2022, Summer 2022

    Instructors: Chaudhury, Mo (Fall) Andrei, Daniel (Winter) Cong, Francis (Summer)

  • 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 2021

    Instructors: di Pietro, Vadim (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 2022

    Instructors: di Pietro, Vadim (Winter)

  • 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 2021, Winter 2022

    Instructors: Gerov, Matey (Fall) Gerov, Matey (Winter)

    • Prerequisite: MGCR 341

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

  • 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 2021, Winter 2022

    Instructors: Sarkissian, Sergei (Fall) Carrieri, Francesca (Winter)

  • 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: This course is not scheduled for the 2021-2022 academic year.

    Instructors: There are no professors associated with this course for the 2021-2022 academic year.

  • 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 2022

    Instructors: Betermier, Sebastien (Winter)

    • Corequisite (Undergraduate): FINE 441. Limited enrolment.

    • Prerequisite: MGCR 341

    • 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. Students must apply to BCom office to register.

  • FINE 541N2 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : See FINE 541N1 for course description.

    Terms: Fall 2021

    Instructors: Betermier, Sebastien (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. Students must apply to BCom office to register.

Desautels Faculty of Management—2021-2022 (last updated Sep. 1, 2021) (disclaimer)
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