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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 (57 credits)

Management Core

• 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 2023, Winter 2024

  Instructors: El-Attar Vilalta, Mayssun (Fall) El-Attar Vilalta, Mayssun (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 2023, Winter 2024, Summer 2024

  Instructors: Roh, Yongoh; Zhang, Jingjing; Marginson, Melissa (Fall) Cecere, Ralph; Levy, Philippe (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 2023, Winter 2024, Summer 2024

  Instructors: Jaeger, Alfred M; Ody, Amandine; Blanchette, Simon; Gordon, Sarah (Fall) Dakhlallah, Diana; Galperin, Roman; Mackey, Jeraul (Winter) Broomes, Anna-Maria (Summer)

  • Restriction: Not open to U0 students.

• MGCR 250 Expressive Analysis for Management. (3 credits)

  Offered by: Management (Desautels Faculty of Management)

  Overview

  Management Core : Focusing on skills with respect to analysis, writing and presentation in management.

  Terms: Fall 2023, Winter 2024

  Instructors: Allaster, John; Farmer, Emily; Hards, Ashley (Fall) Holmgren, Lindsay; Hards, Ashley; Farmer, Emily; Allaster, John (Winter)

  • Open to U0 and U1 B.Com. students. Not open to students who have taken BUSA 250.

• 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 2023, Winter 2024, Summer 2024

  Instructors: Glew, Rob; Talla, Malleswara; Lima, Eduardo (Fall) Frieden, Gabriel; Talla, Malleswara (Winter) Bandi, Nymisha (Summer)

  • Prerequisite: MATH 122 and MATH 123 or equivalent

  • Restriction: Not open to U0 students. Not open to students who have taken or are taking ECON 227D1/D2, ECON 257D1/D2, MATH 203 at ºÚÁϲ»´òìÈ, MATH 204, MATH 324, PSYC 204; students with an exemption from High School or CEGEP for MATH 203 will NOT be exempt from MCGR 271.

  • 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 2023, Winter 2024

  Instructors: Sidthidet, Taweewan; NIZAMI, TARIQ (Fall) Sidthidet, Taweewan (Winter)

  • Restriction: Not open to U0 students. Not open to students who have taken or are taking ECON 208, ECON 230D1/D2, or ECON 250D1/D2.

• MGCR 331 Information Technology Management (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 2023, Winter 2024

  Instructors: Havakhor, Taha; Tanguay, Sol; Park, Sejun (Fall) Tanguay, Sol; Havakhor, Taha (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 2023, Winter 2024, Summer 2024

  Instructors: De Motta, Adolfo (Fall) Madan, Sujata; di Pietro, Vadim (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 2023, Winter 2024, Summer 2024

  Instructors: Sarigollu, Emine; Han, DaHee; Haruvy, Ernan (Fall) Doré, Bruce; Etemad, Hamid; Zhao, Clarice (Winter) Cyrius, Fabienne (Summer)

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

• MGCR 372 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 2023, Winter 2024, Summer 2024

  Instructors: Ding, Yichuan Daniel; Glew, Rob (Fall) Hariss, Rim; Glew, Rob; Bai, Bing (Winter) Zhou, Quan (Summer)

  • Prerequisite: MGCR 271 or equivalent

  • Restrictions: Open to U1, U2, U3 students. Not open to students who have taken MGCR 472.

• 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 2023, Winter 2024

  Instructors: Melville, Donald; Taherizadeh, Amir (Fall) Melville, Donald; Taherizadeh, Amir (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 2023, Winter 2024, Summer 2024

  Instructors: Zavosh, Ghahhar; Lyubman, Liliya; Banerjee, Mitali (Fall) An, Kwangjun; Zavosh, Ghahhar; Moore, Karl (Winter) Zavosh, Ghahhar (Summer)

  • Restriction: Open to U2, U3 students only

• MGCR 460 Social Context of Business. (3 credits)

  Offered by: Management (Desautels Faculty of Management)

  Overview

  Management Core : Examination of how business interacts with the larger society. Exploration of the development of modern capitalist society, and the dilemmas that organizations face in acting in a socially responsible manner. Examination of these issues with reference to sustainable development, business ethics, globalization and developing countries, and political activity.

  Terms: Fall 2023, Winter 2024, Summer 2024

  Instructors: Holmgren, Lindsay; Horner, Hervé Robert; Fangwa Nantcho, Anicet (Fall) Mantere, Saku; Holmgren, Lindsay; Horner, Hervé Robert; Allaster, John (Winter) Horner, Hervé Robert (Summer)

  • Restrictions: Open to U2 and U3 students. Not open to students who have taken MGCR 360.

Major

• 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 2023, Winter 2024, Summer 2024

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

  • Prerequisite: MGCR 341

• 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 2023, Winter 2024, Summer 2024

  Instructors: Croitoru, Benjamin; Xu, Qing; Errunza, Vihang R (Fall) Goyenko, Russ; Hammami, Larbi (Winter) Qin, Wenyun (Summer)

  • Prerequisite: MGCR 341

• 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 2023, Winter 2024, Summer 2024

  Instructors: Hammami, Larbi (Fall) Weitzner, Gregory; Hammami, Larbi (Winter) Cho, Sinhyeong (Summer)

  • Prerequisite: FINE 342

• 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 2023, Winter 2024

  Instructors: Ericsson, Jan Edvard (Fall) Andrei, Daniel (Winter)

  • Prerequisite: MGSC 372 or equivalent and MGCR 341.

• 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 2023, Winter 2024

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

  • Prerequisite: MGCR 341

• 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 2023, Winter 2024

  Instructors: Frieden, Gabriel (Fall) Frieden, Gabriel (Winter)

  • Prerequisite: MGCR 271 or equivalent.

  • Restriction(s): Not open to students who have taken or are taking ECON 257D1/D2, MATH 324, MATH 423, MATH 357 or equivalent.

  • 1. You may not be able to receive credit for this course and other statistics courses. Be sure to check the Course Overlap section of the Desautels Faculty of Management in the eCalendar.

Complementary Courses (12 credits)

9-12 credits from any undergraduate FINE courses.

0-3 credits 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 2023, Winter 2024

  Instructors: Abrams, Amanda (Fall) Marginson, Melissa (Winter)

  • Prerequisite: MGCR 211

• 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 2023, Winter 2024

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

  • Prerequisites: ACCT 351 and MGCR 341

• 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 2023, Winter 2024

  Instructors: Cote, Matthew (Fall) Cote, Matthew (Winter)

  • Prerequisites: MGCR 211 and MGCR 341

• 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 2023, Winter 2024

  Instructors: Joshi, Preetika (Fall) Wenzel, Brian (Winter)

  • Prerequisite: MGCR 211