Program Requirements
The B.A. Joint Honours in Economics and Accounting 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: 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. 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 http://www.mcgill.ca/economics/undergraduates/honours.
The B.A. Joint Honours in Economics and Accounting requires the completion of 30 specified credits of Honours economics courses and 30 specified credits for Accounting.
Continuation from one year to the next 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. Note that graduation with Honours has more stringent requirements than these (see below).
For graduation with Honours in the Economics component, a student must 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 an Economics 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 Honours in Economics and Accounting, the Faculty of Management requires that students must achieve a grade of B- or better in all courses of the Accounting component of this program.
Program Prerequisites (0-10 credits)
For entering the program:
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MATH 133 Linear Algebra and Geometry (3 credits) *
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 2024, Winter 2025
Instructors: Macdonald, Jeremy; Ayala, Miguel; Branchereau, Romain; Giard, Antoine (Fall)
3 hours lecture, 1 hour tutorial
Prerequisite: a course in functions
Restriction(s): 1) Not open to students who have taken CEGEP objective 00UQ or equivalent. 2) Not open to students who have taken or are taking MATH 123, except by permission of the Department of Mathematics and Statistics.
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MATH 140 Calculus 1 (3 credits) **
Overview
Mathematics & Statistics (Sci) : Review of functions and graphs. Limits, continuity, derivative. Differentiation of elementary functions. Antidifferentiation. Applications.
Terms: Fall 2024, Winter 2025
Instructors: Sabok, Marcin; Trudeau, Sidney; Kalmykov, Artem (Fall)
3 hours lecture, 1 hour tutorial
Prerequisite: High School Calculus
Restriction(s): 1) Not open to students who have taken MATH139 or MATH 150 or CEGEP objective 00UN or equivalent. 2) 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
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MATH 141 Calculus 2 (4 credits) **
Overview
Mathematics & Statistics (Sci) : The definite integral. Techniques of integration. Applications. Introduction to sequences and series.
Terms: Fall 2024, Winter 2025
Instructors: Hassan, Hazem; Trudeau, Sidney; Zlotchevski, Andrei (Fall) Trudeau, Sidney (Winter)
Restriction(s): Not open to students who have taken CEGEP objective 00UP or equivalent.
Restriction(s): 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
* Or equivalent (to be completed prior to U2)
** Or equivalent
Economics - Required Courses (27 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 may be waived the ECON 257D1/ECON 257D2 requirement. These students will normally be required to take ECON 469 in addition to ECON 468.
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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 2024
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 2025
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
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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 2024
Instructors: Amodio, Francesco (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 2025
Instructors: Dufour, Jean Marie (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 353 Macroeconomics - Honours 1
(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.
Terms: Fall 2024
Instructors: Alvarez-Cuadrado, Francisco (Fall)
Prerequisites: ECON 250D1/ECON 250D2
Corequisite: ECON 257D1
Restrictions: Not open to students who have taken ECON 352D1/D2.
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ECON 354 Macroeconomics - Honours 2 (3 credits)
Overview
Economics (Arts) : Elements of international economics, money and banking and growth theory. The structure of the Canadian economy.
Terms: Winter 2025
Instructors: Alvarez-Cuadrado, Francisco (Winter)
Prerequisite: ECON 353
Corequisite: ECON 257D2
Not open to students who have taken ECON 352D1/D2.
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ECON 450 Advanced Economic Theory 1 - Honours (3 credits)
Overview
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Winter 2025
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.
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ECON 452 Advanced Economic Theory 2 - Honours (3 credits)
Overview
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Fall 2024
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.
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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 2024
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.
Economics - Complementary Courses (3 credits)
3 credits selected from the following Economics courses:
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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 2025
Instructors: Strumpf, Erin (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 2024-2025 academic year.
Instructors: There are no professors associated with this course for the 2024-2025 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 2025
Instructors: Goncalves, Silvia (Winter)
Prerequisite: ECON 468
Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2
Accounting - Required Courses (18 credits)
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ACCT 351 Intermediate Financial Accounting 1 (3 credits)
Overview
Accounting : An examination of the theoretical foundation for financial reporting and revenue recognition. The tools of accounting, including a review of the accounting process and compound interest concepts. Asset recognition, measurement and disclosure. Partnership accounting.
Terms: Fall 2024, Winter 2025
Instructors: Marginson, Melissa (Fall) Cecere, Ralph (Winter)
Prerequisite: MGCR 211
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ACCT 352 Intermediate Financial Accounting 2 (3 credits)
Overview
Accounting : A continuation of Intermediate Financial Accounting 1. An examination of liability recognition, measurement and disclosure, including leases, pension costs and corporate income tax. Shareholders' equity, dilutive securities and earnings per share. The statement of changes in financial position, basic financial statement analysis and full disclosure in financial reporting.
Terms: Fall 2024, Winter 2025
Instructors: Abrams, Amanda (Fall) Abrams, Amanda (Winter)
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ACCT 361 Management Accounting (3 credits)
Overview
Accounting : The role of management accounting information to support internal management decisions and to provide performance incentives.
Terms: Fall 2024, Winter 2025
Instructors: Oh, Seunghwan (Fall) Cecere, Ralph (Winter)
Prerequisite: MGCR 211
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ACCT 455 Development of Accounting Thought (3 credits)
Overview
Accounting : The conceptual underpinning of accounting thought, including its historical development and the modifications that have occurred over time. A review of accounting literature and its relevance to practice.
Terms: Fall 2024, Winter 2025
Instructors: Oh, Seunghwan (Fall) Zhu, Yin (Winter)
Prerequisite: ACCT 352
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MGCR 211 Introduction to Financial Accounting (3 credits)
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 2024, Winter 2025
Instructors: Zhang, Jingjing; Lee, Dongyoung; Zhu, Yin (Fall) Roh, Yongoh; Zhu, Yin (Winter)
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MGCR 341 Introduction to Finance (3 credits)
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 2024, Winter 2025
Instructors: di Pietro, Vadim (Fall) De Motta, Adolfo; di Pietro, Vadim (Winter)
Corequisite: MGCR 271 or equivalent
Restriction: Not open to U0 students.
Accounting - Complementary Courses (12 credits)
12 credits of Accounting courses selected from:
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ACCT 354 Financial Statement Analysis (3 credits)
Overview
Accounting : Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm.
Terms: Fall 2024, Winter 2025
Instructors: Cecere, Ralph (Fall) Cote, Matthew (Winter)
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ACCT 362 Cost Accounting (3 credits)
Overview
Accounting : An examination of a number of recurring issues in the area of decision-making and control, including cost allocation, alternative costing systems, and innovations in costing and performance measurement.
Terms: Fall 2024, Winter 2025
Instructors: Levy, Philippe (Fall) Levy, Philippe (Winter)
Prerequisites: ACCT 361
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ACCT 385 Principles of Taxation (3 credits)
Overview
Accounting : An introduction to the concepts underlying the Canadian tax system and how they are applied in relation to the taxation of individuals and businesses.
Terms: Fall 2024, Winter 2025
Instructors: Joshi, Preetika (Fall) Marginson, Melissa (Winter)
Prerequisite: MGCR 211
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ACCT 452 Financial Reporting Valuation (3 credits)
Overview
Accounting : Models to determine firm value from accounting information and a broader perspective on key sources of information, key value drivers, in a setting where evaluating firm value is the ultimate purpose.
Terms: Winter 2025
Instructors: Zhao, Wuyang (Winter)
Prerequisite: ACCT 354.
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ACCT 453 Advanced Financial Accounting (3 credits)
Overview
Accounting : Reporting relevant financial information subsequent to long term intercorporate investments. The preparation of consolidated financial statements with emphasis on their economic substance rather than legal form.
Terms: Fall 2024, Winter 2025
Instructors: Levy, Philippe (Fall) Cote, Matthew (Winter)
Prerequisite: ACCT 352
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ACCT 463 Management Control (3 credits)
Overview
Accounting : The theoretical frameworks for the examination and evaluation of management accounting and control systems. The technical aspects of accounting along with behavioural issues of management control.
Terms: Fall 2024, Winter 2025
Instructors: Levy, Philippe (Fall) Levy, Philippe (Winter)
Prerequisites: ACCT 361
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ACCT 475 Principles of Auditing (3 credits)
Overview
Accounting : An introduction to basic auditing concepts and internal controls of an accounting system. Topics include current auditing standards, ethical conduct, legal liability, planning of an audit, sampling techniques, non-audit engagements, the study and evaluation of internal controls in an accounting system.
Terms: Fall 2024, Winter 2025
Instructors: Cecere, Ralph (Fall) Cecere, Ralph (Winter)
Prerequisite: ACCT 352
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ACCT 486 Business Taxation 2 (3 credits)
Overview
Accounting : A study of the Income Tax Act as it applies to the taxation of individuals and corporations, including capital cost allowances, capital gains, corporate reorganisations, trusts and partnerships and administrative regulations. A review of consumption taxes.
Terms: Fall 2024, Winter 2025
Instructors: Marginson, Melissa (Fall) Marginson, Melissa (Winter)
Prerequisite: ACCT 385