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Joint Honours Economics and Finance (81 credits)

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

The B.Com. Joint Honours in Economics and Finance program is offered jointly between Economics and the Desautels Faculty of Management. This program requires the completion of 30 specified credits of Honours courses listed in the Economics part of the program and 24 specified credits for Finance. In addition, all B.Com. students take a Core curriculum.

Students in this program should see an Economics adviser and a Management adviser. For the economics part, they should consult the Economics Honours and Joint Honours programs at http://www.mcgill.ca/economics/undergraduates/honours. For the current list of advisers in Economics and their advising times, see the website of the Department of Economics, Faculty of Arts.

Continuation in the Economics part of this Joint Honours program requires a minimum grade of B- in ECON 250 and a minimum B- average in the required and complementary Honours Economics courses. Students failing to meet these requirements must switch out of the Honours program. If they continue to register in Honours, they will not be allowed to graduate with Honours.

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 an overall CGPA of 3.00. 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 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 original 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 have to meet the requirements of the Faculty of Management for Honours and First Class Honours.

Program Prerequisites (0-10 credits)

  • 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. Linear transformations. Eigenvalues and diagonalization.

    Terms: Fall 2020, Winter 2021

    Instructors: Bélanger-Rioux, Rosalie; Przytycki, Piotr; Ball, Gavin; Aigner, Florian (Fall) Kelome, Djivede (Winter)

    • 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.

  • 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 2020, Winter 2021

    Instructors: Trudeau, Sidney; Ghaswala, Tyrone; Albanese, Michael (Fall) Fortier, Jérôme (Winter)

    • 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

  • 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 2020, Winter 2021

    Instructors: Fortier, Jérôme; Sabok, Marcin (Fall) Trudeau, Sidney (Winter)

    • 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, except by permission of the Department of Mathematics and Statistics.

    • Each Tutorial section is enrolment limited

* Required course to be completed prior to U2 (or equivalent)
** For entering the program (or equivalent)

Required Courses (66 credits)

Management Core (27 credits)

  • 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 2020, Winter 2021

    Instructors: Oh, Seunghwan; Tsang, Desmond; Marginson, Melissa; Cecere, Ralph (Fall) Lee, Dongyoung; Ma, Guang (Winter)

    • 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 2020, Winter 2021

    Instructors: Westgate, Chantal; Reyt, Jean-Nicolas; Ferguson, John-Paul; Blanchette, Simon (Fall) Westgate, Chantal; Dakhlallah, Diana; Galperin, Roman (Winter)

    • Restriction: Not open to U0 students.

  • MGCR 331 Information Systems (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 2020, Winter 2021

    Instructors: Taherizadeh, Seyed Amirhossein; Tanguay, Sol (Fall) Bassellier, Genevieve; Tanguay, Sol; Taherizadeh, Seyed Amirhossein (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 2020, Winter 2021

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

    • 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 2020, Winter 2021

    Instructors: Etemad, Hamid; White, Anwar; Doré, Bruce; Soroka, Robert H S (Fall) Han, DaHee; Lu, Yi; Sarigollu, Emine (Winter)

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

  • MGCR 360 Social Context of Business (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : This course examines how business interacts with the larger society. It explores the development of modern capitalist society, and the dilemmas that organizations face in acting in a socially responsible manner. Students will examine these issues with reference to sustainable development, business ethics, globalization and developing countries, and political activity.

    Terms: Fall 2020, Winter 2021

    Instructors: Holmgren, Lindsay; David, Robert James; Whelan, Glen (Fall) Karunakaran, Arvind; Mantere, Saku; Kim, Hyun Seung Anna (Winter)

    • Restriction: Open to U2 and U3 students.

  • 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 2020, Winter 2021

    Instructors: Jorgensen, Jan J; Melville, Donald (Fall) Melville, Donald (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 2020, Winter 2021

    Instructors: Corritore, Matthew; Melville, Donald; Moore, Karl James; Vit, Gregory Bryan (Fall) An, Kwangjun; Vit, Gregory Bryan (Winter)

    • Restriction: Open to U2, U3 students only

  • MGCR 472 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 2020, Winter 2021

    Instructors: Talla, Malleswara (Fall) Hariss, Rim; Cohen, Maxime; Gopalakrishnan, Sanjith (Winter)

    • Prerequisite: MGCR 271 or equivalent

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

Honours Courses (39 credits)

For the regulations governing courses in statistics, 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. Students who have taken equivalent statistics courses prior to entering the program may be waived the ECON 257D1/ECON 257D2 requirement. These students will normally be required to take ECON 469 in addition to ECON 468.

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 2020

    Instructors: Green, Christopher (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: Winter 2021

    Instructors: Green, Christopher (Winter)

  • 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 2021

    Instructors: Goncalves, Silvia (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 2020, Winter 2021

    Instructors: Betermier, Sebastien; Kibsey, Stephen; Vendette, Rosalie (Fall) Schumacher, David; Tinn, Katrin (Winter)

  • FINE 435 Advanced Topics in Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Advanced topics will be selected from current issues in the Finance Area.

    Terms: Fall 2020, Winter 2021

    Instructors: Ghosh, Anisha (Fall) Roussellet, Guillaume; Betermier, Sebastien (Winter)

  • FINE 444 Principles and Strategies of Securities Trading (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    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 2021

    Instructors: Goyenko, Ruslan (Winter)

    • Prerequisite(s): MGCR 341, FINE 441

    • Restriction(s): Not open to students who have taken FINE 434 when the topic was "Managing the Risk of Trading Strategies".

  • 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 2020, Winter 2021

    Instructors: Augustin, Patrick (Fall) Andrei, Daniel (Winter)

  • 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 2020

    Instructors: Ericsson, Jan Edvard (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: Winter 2021

    Instructors: Roussellet, Guillaume (Winter)

  • FINE 456 Trading in Financial Securities (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Generating alpha and alternative beta by creating asymmetric outcomes using securities selection and market timing, money and risk management, trading strategies and systems across asset classes, including fixed income, commodities, equities and foreign exchange. Topics include Hedge Funds, investment themes, execution strategies on a wide range of financial securities, including equities, ETPs, currencies, futures and options.

    Terms: Fall 2020, Winter 2021

    Instructors: Gerov, Matey (Fall)

    • Prerequisite: MGCR 341

    • Restriction: Not open to students who have taken FINE 434 when topic was "Trading in Financial Securities".

  • 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: This course is not scheduled for the 2020-2021 academic year.

    Instructors: There are no professors associated with this course for the 2020-2021 academic year.

  • 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 2020, Winter 2021

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

  • FINE 492 International Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    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 2020-2021 academic year.

    Instructors: There are no professors associated with this course for the 2020-2021 academic year.

  • 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 2021

    Instructors: Barras, Laurent; Betermier, Sebastien (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 2020

    Instructors: Betermier, Sebastien; Barras, Laurent (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—2020-2021 (last updated Mar. 27, 2020) (disclaimer)
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