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Note: This is the 2022–2023 eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or .
Note: This is the 2022–2023 eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or .
The B.A. Joint Honours in Economics and Finance is offered jointly by the Economics Department and the Desautels Faculty of Management. Students in this program should see an Economics adviser and a Management adviser. For the economics part, they should consult: . For the current list of advisers in Economics and their advising times, see the website of the Department of Economics. For the Management component of this Joint Honours program, students should see the Honours program adviser in the Desautels Faculty of Management.
All Joint Honours students should consult the Economics Honours and Joint Honours programs at .
The B.A. Joint Honours in Economics and Finance requires the completion of 30 specified credits of Honours Economics courses listed in the Economics Honours Program and 30 specified credits for Finance. This program is designed to take advantage of both Æ»¹ûÒùÔº's Finance and Economics course offerings to produce a student who is well trained in these two complementary areas. To enter this Joint Honours program, students must have completed two terms of Calculus.
Continuation from one year to the next in the Economics part of this Joint Honours program requires a minimum grade of B- in ECON 250D1/D2, and a minimum B- average in the required and complementary Honours Economics courses.
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 a CGPA of 3.00. 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 initial 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 also have to meet the requirements of the Faculty of Management for Honours and First Class Honours.
To earn the Honours in Economics and Finance, 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 entering this program:
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 2022, Winter 2023, Summer 2023
Instructors: Bélanger-Rioux, Rosalie; Mazakian, Hovsep; Gerbelli-Gauthier, Mathilde; Alfieri, Antonio (Fall) Duchesne, Gabriel William (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.
Mathematics & Statistics (Sci) : Review of functions and graphs. Limits, continuity, derivative. Differentiation of elementary functions. Antidifferentiation. Applications.
Terms: Fall 2022, Winter 2023, Summer 2023
Instructors: Trudeau, Sidney; Huang, Peiyuan; Mellick, Sam (Fall) Collins-Woodfin, Elizabeth (Winter) Lybbert, Reginald (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
Mathematics & Statistics (Sci) : The definite integral. Techniques of integration. Applications. Introduction to sequences and series.
Terms: Fall 2022, Winter 2023, Summer 2023
Instructors: Macdonald, Jeremy; Xu, Peter (Fall) Trudeau, Sidney; Barill, Gavin; Mazakian, Hovsep (Winter) Abi Younes, Elio; Hassan, Hazem (Summer)
* Or equivalent (to be taken prior to U2)
** Or equivalent
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 may be waived the ECON 257D1/ECON 257D2 requirement. These students will normally be required to take ECON 469 in addition to ECON 468.
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 2022
Instructors: Xue, Licun (Fall)
Students must register for both ECON 250D1 and ECON 250D2.
No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms
Economics (Arts) : See ECON 250D1 for course description.
Terms: Winter 2023
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
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 2022
Instructors: Galbraith, John W (Fall)
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.
Economics (Arts) : See ECON 257D1 for course description.
Terms: Winter 2023
Instructors: Galbraith, John W (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.
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 2022
Instructors: Alvarez-Cuadrado, Francisco (Fall)
Prerequisite: ECON 250D1/ECON 250D2
Corequisite: ECON 257D1
Students must register for both ECON 352D1 and ECON 352D2
No credit will be given for this course unless both ECON 352D1 and ECON 352D2 are successfully completed in consecutive terms
Economics (Arts) : See ECON 352D1 for course description.
Terms: Winter 2023
Instructors: Alvarez-Cuadrado, Francisco (Winter)
Prerequisite: ECON 352D1.
Corequisite: ECON 357D2.
No credit will be given for this course unless both ECON 352D1 and ECON 352D2 are successfully completed in consecutive terms
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Winter 2023
Instructors: Castro, Rui (Winter)
Prerequisites: ECON 250D1/ECON 250D2 and ECON 352D1/ECON 352D2
Restriction(s): Not open to students who have taken ECON 450D1 and ECON 450D2.
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Fall 2022
Instructors: Benchekroun, Hassan (Fall)
Prerequisites: ECON 250D1/ECON 250D2 and ECON 352D1/ECON 352D2
Restriction(s): Not open to students who have taken ECON 450D1 and ECON 450D2.
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 2022
Instructors: Chaudhuri, Saraswata (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
Notes:
1. Three of the 6 credits for ECON 250 are counted in the Management Core, where it replaces MGCR 293.
2. Three of the 6 credits for ECON 257 are counted in the Core, where it replaces MGCR 271.
3. Three of the 6 credits for ECON 352 are counted in the Core, where it replaces ECON 295.
3 credits selected from the following Economics courses:
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 2022
Instructors: Green, Christopher (Fall)
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: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
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 2023
Instructors: Goncalves, Silvia (Winter)
Prerequisite: ECON 468
Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2
Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.
Terms: Fall 2022, Winter 2023, Summer 2023
Instructors: di Pietro, Vadim; Beaumont, Paul (Fall) Rivera, Thomas (Winter) di Pietro, Vadim (Summer)
Prerequisite: MGCR 341
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 2022, Winter 2023, Summer 2023
Instructors: Croitoru, Benjamin; Hammami, Larbi (Fall) Goyenko, Ruslan; Hammami, Larbi (Winter) Yang, Yujin (Summer)
Prerequisite: MGCR 341
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 2022, Winter 2023, Summer 2023
Instructors: Kondo, Jiro (Fall) Weitzner, Gregory; Hammami, Larbi (Winter) Behmaram, Pouya (Summer)
Prerequisite: FINE 342
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 2022
Instructors: Augustin, Patrick (Fall)
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 2022, Winter 2023, Summer 2023
Instructors: Zhang, Jingjing; Oh, Seunghwan; Roh, Yongoh (Fall) Lee, Dongyoung (Winter) Duan, Ken (Summer)
Restriction: Not open to U0 students.
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 2022, Winter 2023, Summer 2023
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.
12 credits of Finance courses selected from:
Finance : Topics will be selected from current issues in the Finance Area.
Terms: Winter 2023, Summer 2023
Instructors: Barrett, Alex (Winter) Kondo, Jiro (Summer)
Prerequisite: MGCR 341
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 2023
Instructors: Goyenko, Ruslan (Winter)
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 2022, Winter 2023
Instructors: Ericsson, Jan Edvard; Chaudhury, Mo (Fall) Andrei, Daniel (Winter)
Finance : Understanding, quantifying, and managing different types of financial risks. A broad overview of the tools required of someone pursuing a career in risk management, whether it is at a bank, an asset management fund, or a non-financial business. Topics include corporate hedging with derivatives, volatility and correlation modelling, non-normal distributions, Monte Carlo and historical simulations, liquidity risk, and capital requirements.
Terms: Fall 2022
Instructors: di Pietro, Vadim (Fall)
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 2023
Instructors: di Pietro, Vadim (Winter)
Prerequisite: FINE 441
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 2022, Winter 2023
Instructors: Abramson, David (Fall) Carrieri, Francesca (Winter)
Prerequisite: MGCR 341
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 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 342