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Program Requirements
Mentors in Economics: Professors M. Sinitsyn, E. Strumpf, and J-M Dufour; Department of Economics, Faculty of Arts Mentors in Finance: Professors L. Barras, M. Bouvard, A. Malkhozov, and S. Betermier International Stream Mentor: Professor A. Durnev Finance Case Competition Mentors: Professors M. Chaudhury and V. di Pietro Please consult the Economics department website. The B.Com. Joint Honours in Economics and Finance requires the completion of 30 credits of Honours Economics courses (9 credits of which are counted as core credits) and 24 credits in Finance. This program is designed to take advantage of both ²»Á¼Ñо¿Ëù's Finance and Economics course offerings to produce a student who is well trained in these two complementary areas. Calculus 1 and 2 are required for entering this Honours program. Please consult the section "120-credit program, Freshman course distribution" for a detailed explanation regarding Calculus 1 and 2. It is also important to check on its statistics requirements, which are listed on the Department's website at . To earn the Honours in Economics and Finance designation, students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.00. Students must achieve a grade of B- or better in all Finance courses.Required Courses (39 credits)
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ECON 250D1 Introduction to Economic Theory: Honours (3 credits) *
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 2011
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
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ECON 250D2 Introduction to Economic Theory: Honours (3 credits) *
Overview
Economics (Arts) : See ECON 250D1 for course description.
Terms: Winter 2012
Instructors: Sinitsyn, Maxim (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
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ECON 257D1 Economic Statistics - Honours (3 credits) **
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 2011, Winter 2012
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.
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ECON 257D2 Economic Statistics - Honours (3 credits) **
Overview
Economics (Arts) : See ECON 257D1 for course description.
Terms: Winter 2012
Instructors: Zinde-Walsh, Victoria (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.
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ECON 352D1 Macroeconomics - Honours (3 credits) ***
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 2011, Winter 2012
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
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ECON 352D2 Macroeconomics - Honours (3 credits) ***
Overview
Economics (Arts) : See ECON 352D1 for course description.
Terms: Winter 2012
Instructors: Poschke, Markus (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
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ECON 450D1 Advanced Economic Theory - Honours (3 credits)
Overview
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Fall 2011
Instructors: Alvarez-Cuadrado, Francisco (Fall)
Prerequisites: ECON 250D1/ECON 250D2 and ECON 352D1/ECON 352D2
Students must register for both ECON 450D1 and ECON 450D2.
No credit will be given for this course unless both ECON 450D1 and ECON 450D2 are successfully completed in consecutive terms
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ECON 450D2 Advanced Economic Theory - Honours (3 credits)
Overview
Economics (Arts) : See ECON 450D1 for course description.
Terms: Winter 2012
Instructors: Sinitsyn, Maxim (Winter)
Prerequisite: ECON 450D1
No credit will be given for this course unless both ECON 450D1 and ECON 450D2 are successfully completed in consecutive terms
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ECON 468 Econometrics 1 - Honours (3 credits)
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 2011
Instructors: Dufour, Jean Marie (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
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FINE 342 Finance 2 (3 credits)
Overview
Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.
Terms: Fall 2011, Winter 2012, Summer 2012
Instructors: Malkhozov, Aytek; Madan, Sujata (Fall) Naciri, Ahmed; Bouvard, Matthieu (Winter) Wang, Yan (Summer)
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FINE 441 Investment Management (3 credits)
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 2011, Winter 2012, Summer 2012
Instructors: Goyenko, Ruslan (Fall) Betermier, Sebastien (Winter) Langlois-Bertrand, Hugues (Summer)
Prerequisite: MGCR 341
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FINE 443 Applied Corporate Finance (3 credits)
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 2011, Winter 2012, Summer 2012
Instructors: Hammami, Larbi (Fall) Chaudhury, Mohammed M; Kondo, Jiro (Winter) Hammami, Larbi (Summer)
Prerequisite: FINE 342
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FINE 547 Advanced Finance Seminar (3 credits)
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: Winter 2012
Instructors: Errunza, Vihang R (Winter)
* 3 of the 6 credits for ECON 250D1/D2 exempt MGCR 293 in Management Core.
** 3 of the 6 credits for ECON 257D1/D2 exempt MGCR 271 in Management Core.
*** 3 of the 6 credits for ECON 352D1/D2 exempt ECON 295 in Management Core.
Complementary Courses (15 credits)
3 credits from the following:
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ECON 460 History of Thought 1 - Honours (3 credits)
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: Winter 2012
Instructors: Watson, William (Winter)
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ECON 461 History of Thought 2 - Honours (3 credits)
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: This course is not scheduled for the 2011-2012 academic year.
Instructors: There are no professors associated with this course for the 2011-2012 academic year.
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ECON 469 Econometrics 2 - Honours (3 credits)
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 2012
Instructors: El-Attar Vilalta, Mayssun (Winter)
Prerequisite: ECON 468
Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2
12 credits from the following:
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FINE 434 Topics in Finance 1 (3 credits)
Overview
Finance : Topics will be selected from current issues in the Finance Area.
Terms: Fall 2011
Instructors: Bartlett, Patrick John (Fall)
Prerequisite: MGCR 341
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FINE 448 Financial Derivatives (3 credits)
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 2011, Winter 2012, Summer 2012
Instructors: Chaudhury, Mohammed M (Fall) Chaudhury, Mohammed M (Winter) Lotfaliei, Babak (Summer)
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FINE 449 Market Risk Models (3 credits)
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 2011
Instructors: di Pietro, Vadim (Fall)
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FINE 451 Fixed Income Analysis (3 credits)
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: Fall 2011
Instructors: di Pietro, Vadim (Fall)
Prerequisite: FINE 441
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FINE 480 Global Investments (3 credits)
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: Winter 2012
Instructors: Sarkissian, Sergei (Winter)
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FINE 482 International Finance 1 (3 credits)
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 2011, Winter 2012
Instructors: Hammami, Larbi (Fall) Hammami, Larbi (Winter)
Prerequisite: MGCR 341
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FINE 492 International Finance 2 (3 credits)
Overview
Finance : Focus on the operational problems of financial management in the multinational enterprise: Financing of international trade, international capital budgeting, multinational cost of capital, working capital management; International banking and recent developments in international capital markets.
Terms: Winter 2012
Instructors: Chaudhury, Mohammed M (Winter)
Prerequisite: FINE 482
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FINE 541D1 Applied Investments (1.5 credits)
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: This course is not scheduled for the 2011-2012 academic year.
Instructors: There are no professors associated with this course for the 2011-2012 academic year.
- Prerequisite: MGCR 341
- Students must register for both FINE 541D1 and FINE 541D2.
- No credit will be given for this course unless both FINE 541D1 and FINE 541D2 are successfully completed in consecutive terms
- FINE 541D1 and FINE 541D2 together are equivalent to FINE 541
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FINE 541D2 Applied Investments (1.5 credits)
Overview
Finance : See FINE 541D1 for course description.
Terms: This course is not scheduled for the 2011-2012 academic year.
Instructors: There are no professors associated with this course for the 2011-2012 academic year.
- Prerequisite: FINE 541D1.
- No credit will be given for this course unless both FINE 541D1 and FINE 541D2 are successfully completed in consecutive terms
- FINE 541D1 and FINE 541D2 together are equivalent to FINE 541