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Joint Honours Economics and Finance (54 credits)

Note: This is the 2013–2014 edition of the eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or click here to jump to the newest eCalendar.

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

Mentors: Please consult the Bachelor of Commerce website at:

Mentors in Economics: Professors M. Sinitsyn, E. Strumpf, and J-M Dufour; Department of Economics, Faculty of Arts

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)

  • 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 2013

    Instructors: Xue, Licun (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 2014

    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 2013, Winter 2014

    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 2014

    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.

  • 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 2013

    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 2014

    Instructors: Poschke, Markus (Winter)

  • ECON 450D1 Advanced Economic Theory - 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 2013

    Instructors: Alvarez-Cuadrado, Francisco (Fall)

  • ECON 450D2 Advanced Economic Theory - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : See ECON 450D1 for course description.

    Terms: Winter 2014

    Instructors: Xue, Licun (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

  • 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 2013

    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 Finance 2 (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 2013, Winter 2014, Summer 2014

    Instructors: Hammami, Larbi; Fazal, Zeeshanali (Fall) Fazal, Zeeshanali; Bouvard, Matthieu (Winter) Hammami, Larbi; Chaudhury, Mohammed M; Aboulamer, Anas (Summer)

    • Prerequisite: MGCR 341

    • Restriction: For Finance Concentration/Major/Honours

    • Restriction: Only one of FINE 342 or FINE 343 can be counted for credit

  • 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 2013, Winter 2014, Summer 2014

    Instructors: di Pietro, Vadim; Hammami, Larbi; Kerzérho, Raymond (Fall) Betermier, Sebastien (Winter) di Pietro, Vadim (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 2013, Winter 2014, Summer 2014

    Instructors: De Motta, Adolfo (Fall) Kondo, Jiro (Winter) Hammami, Larbi (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 2013

    Instructors: Errunza, Vihang R (Fall)

    • Undergraduate Prerequisites: FINE 441 and FINE 443.

    • Graduate Prerequisite: MGCR 651.

    • Corequisites: FINE 646 and FINE 622.

    • Restriction: Not open to students who have taken FINE 647.

    • Note: Lectures for this course span both the Fall and Winter semesters.

* 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:

  • 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 2013

    Instructors: Watson, William (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: This course is not scheduled for the 2013-2014 academic year.

    Instructors: There are no professors associated with this course for the 2013-2014 academic year.

  • 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 2014

    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:

  • 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 2013

    Instructors: Bartlett, Patrick John; Brenner, Reuven; Lester, Kenneth; Gerov, Matey (Fall)

    • Prerequisite: MGCR 341

    • Section 051: Only FINE 434, section 051 (CRN 15589) with Prof. Brenner will be graded as S/U (Satisfactory/Unsatisfactory) and thus will not count toward any program - concentration, minor, major, honours, etc. This course can only count as an elective.

  • 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 2013, Winter 2014, Summer 2014

    Instructors: Augustin, Patrick (Fall) Chaudhury, Mohammed M; Hammami, Larbi (Winter) Jiao, Feng (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 2013

    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: Fall 2013

    Instructors: Malkhozov, Aytek (Fall)

  • 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: Fall 2013

    Instructors: Sarkissian, Sergei (Fall)

  • 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 2013, Winter 2014, Summer 2014

    Instructors: Aboulamer, Anas; Hammami, Larbi (Fall) Jassim, Raad; Hammami, Larbi (Winter) Sutherland, Sean (Summer)

  • FINE 492 International Finance 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    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 2014

    Instructors: Fazal, Zeeshanali (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 2014

    Instructors: Lester, Kenneth (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 2013

    Instructors: Lester, Kenneth (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.

Desautels Faculty of Management—2013-2014 (last updated Aug. 21, 2013) (disclaimer)
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