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Joint Honours Component Economics / Joint Honours Component Finance (60 credits)

Offered by: Management     Degree: Bachelor of Arts

Program Requirements

The B.A. Joint Honours Component Economics and Joint Honours Component Finance program is offered with the Desautels Faculty of Management and is commonly referred to as the Joint Honours in Economics and Finance.

Students in this Joint Honours program should see an Economics adviser and a Management adviser.

All Joint Honours students should consult the handout describing the Economics Honours and Joint Honours programs available in the Economics Department Office, 443 Leacock Building, and at http://www.mcgill.ca/economics/undergraduates/honours.

According to Faculty of Arts regulations, Joint Honours students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.00.

Required Math Prerequisites

All Joint Honours students must complete three Math prerequisites. A sequence of two calculus courses with a grade of C or higher should be completed prior to entering the Joint Honours program. Prior to their U2 year, students should complete MATH 133. These requirements can be met by having passed equivalent courses at CEGEP or elsewhere. Joint Honours students are encouraged, but not required, to take MATH 222 Calculus 3.

* Note: Students without high school calculus take MATH 139; those with high school calculus take MATH 140.

  • 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; quadratic loci in two and three dimensions.

    Terms: Fall 2014, Winter 2015

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • 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, MATH 130 or MATH 131, 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 139 Calculus 1 with Precalculus (4 credits) *

    Offered by: Mathematics and Statistics (Faculty of Science)

    Overview

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

    Terms: Fall 2014

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • Fall
    • 4 hours lecture, 1 hour tutorial
    • Prerequisite: a course in functions
    • Restriction: Not open to students who have taken CEGEP objective 00UN 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.
    • Students continue in MATH 141
    • Each Tutorial section is enrolment limited
  • 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 2014, Winter 2015

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • 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 or MATH 130 or MATH 131, 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 2014, Winter 2015

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • 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 or MATH 130 or MATH 131, except by permission of the Department of Mathematics and Statistics.
    • Each Tutorial section is enrolment limited

Joint Honours Component Economics Requirements

Questions about the requirements for the 30-credit Economics component of this Joint Honours program should be directed to the Honours program adviser in the Department of Economics.

Economics - Required Courses (27 credits)

Please refer to the Department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

  • 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 2014

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • Prerequisites: MATH 140 and MATH 141 or equivalent
    • 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
  • 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 2015

    Instructors: Rohan Dutta (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 2014

    Instructors: John W Galbraith (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 2015

    Instructors: Victoria Zinde-Walsh (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 2014

    Instructors: Francisco Alvarez-Cuadrado (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
  • ECON 352D2 Macroeconomics - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

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

    Terms: Winter 2015

    Instructors: Markus Poschke (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
  • 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 2014

    Instructors: Francisco Alvarez-Cuadrado (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
  • 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 2015

    Instructors: Licun Xue (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 2014

    Instructors: Russell Davidson (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

Economics - Complementary Courses (3 credits)

3 credits selected from the following Economics courses:

  • 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 2014

    Instructors: William Watson (Fall)

    • Prerequisite: ECON 250
    • Corequisite: ECON 352
  • 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 2014-2015 academic year.

    Instructors: There are no professors associated with this course for the 2014-2015 academic year.

    • Prerequisite: ECON 250.
    • Corequisite: ECON 352
  • 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 2015

    Instructors: Mayssun El-Attar Vilalta (Winter)

    • Prerequisite: ECON 468
    • Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2

Joint Honours Component Finance Requirements

Questions about the requirements for the 30-credit Finance component of this Joint Honours program should be directed to the Honours program adviser in the Desautels Faculty of Management.

Finance - Required Courses (18 credits)

  • 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 2014, Winter 2015

    Instructors: Vadim di Pietro (Fall) Sujata Madan, Matthieu Bouvard (Winter)

    • 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 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Sebastien Betermier, Larbi Hammami (Winter)

    • 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 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Ruslan Goyenko, Larbi Hammami (Winter)

    • Prerequisite: FINE 342
  • 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 2014

    Instructors: Vihang R Errunza (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.
  • 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 2014, Winter 2015

    Instructors: Dongyoung Lee, Ralph Cecere, Seda Oz (Fall)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors
  • MGCR 341 Finance 1 (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 2014, Winter 2015

    Instructors: Adolfo De Motta (Fall) Vadim di Pietro (Winter)

    • Prerequisite: MGCR 271 or equivalent
    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

Finance - Complementary Courses (12 credits)

12 credits of Finance courses selected from:

  • 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 2014, Winter 2015

    Instructors: Patrick John Bartlett, Kenneth Lester, Matey Gerov (Fall) Ruslan Goyenko (Winter)

    • 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 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Patrick Augustin, Mohammed M Chaudhury (Winter)

    • Prerequisite: MGSC 272 or MGSC 372 or equivalent
  • 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 2014

    Instructors: Vadim di Pietro (Fall)

    • Prerequisites: FINE 441 and MGSC 272 or equivalent.
  • 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 2014

    Instructors: Aytek Malkhozov (Fall)

    • Prerequisite: FINE 441
  • 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 2014, Winter 2015

    Instructors: Sujata Madan (Fall) Mohammed M Chaudhury (Winter)

    • Prerequisite: MGCR 341
  • 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 2015

    Instructors: Zeeshanali Fazal (Winter)

    • Prerequisite: FINE 482
  • FINE 541D1 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: This course is not scheduled for the 2014-2015 academic year.

    Instructors: There are no professors associated with this course for the 2014-2015 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
  • FINE 541D2 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : See FINE 541D1 for course description.

    Terms: This course is not scheduled for the 2014-2015 academic year.

    Instructors: There are no professors associated with this course for the 2014-2015 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
Faculty of Arts—2014-2015 (last updated Feb. 18, 2014) (disclaimer)