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Program Requirements
The 30-credit Finance Major has been designed to meet the increasing demand for expertise in this rapidly growing functional area of business. This major is designed to provide in-depth knowledge of finance theory, financial institutions, investment analysis, risk management, and applied techniques. Employment for graduates is most often obtained in investment and commercial banking, manufacturing and service firms, non-profit organizations and governments, and non-financial firms.
Required Courses (18 credits)
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FINE 342 Corporate Finance (3 credits)
Overview
Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.
Terms: Fall 2016, Winter 2017, Summer 2017
Instructors: di Pietro, Vadim; Madan, Sujata; Caron, Yves (Fall) Bouvard, Matthieu; Madan, Sujata; Caron, Yves (Winter) di Pietro, Vadim (Summer)
Prerequisite: MGCR 341
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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 2016, Winter 2017, Summer 2017
Instructors: Hammami, Larbi (Fall) Betermier, Sebastien; Chaudhury, Mohammed M (Winter) Hammami, Larbi (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 2016, Winter 2017, Summer 2017
Instructors: Hammami, Larbi (Fall) Hammami, Larbi; Goyenko, Ruslan; Chaudhury, Mohammed M (Winter) Hammami, Larbi (Summer)
Prerequisite: FINE 342
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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 2016, Winter 2017, Summer 2017
Instructors: Chaudhury, Mohammed M (Fall) Augustin, Patrick (Winter) Hu, Chang Jie (Summer)
Prerequisite: MGSC 372 or equivalent.
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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 2016, Winter 2017
Instructors: Sarkissian, Sergei; Hindo, Rima (Fall) Carrieri, Francesca; Jassim, Raad (Winter)
Prerequisite: MGCR 341
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MGSC 372 Advanced Business Statistics (3 credits)
Overview
Management Science : A practical managerial approach to advanced simple and multiple regression analysis, with application in finance, economics and business, including a review of probability theory, an introduction to methods of least squares and maximum likelihood estimation, autoregressive forecasting models and analysis of variance.
Terms: Fall 2016, Winter 2017
Instructors: Smith, Brian E (Fall) Smith, Brian E (Winter)
Complementary Courses (12 credits)
Revision, December 2016. Start of revision.
At least 9 credits from:
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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 2016, Winter 2017
Instructors: Lester, Kenneth; Ericsson, Jan Edvard; Zhou, Evan; Gerov, Matey (Fall) Goyenko, Ruslan; Kondo, Jiro; Gerov, Matey (Winter)
Prerequisite: MGCR 341
- FINE 435 Advanced Topics in Finance (3 credits)
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FINE 442 Capital Markets and Institutions (3 credits)
Overview
Finance : Functions of the capital market through flow of funds analysis and an examination of portfolio activities of financial intermediaries. Also covered are: securities regulations and ethical considerations, the term structure of interest rates and risk and rates of return in debt and equity markets.
Terms: Fall 2016, Winter 2017
Instructors: Lima, Eduardo; Hammami, Larbi (Fall) Hammami, Larbi (Winter)
Prerequisite: MGCR 341
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FINE 444 Principles and Strategies of Securities Trading (3 credits)
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: This course is not scheduled for the 2016-2017 academic year.
Instructors: There are no professors associated with this course for the 2016-2017 academic year.
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FINE 447 Venture Capital and Entrepreneurial Finance (3 credits)
Overview
Finance : This course is designed to provide an introduction to the startup production process with an emphasis on the institutions, processes, and problem solving approaches used in the financing of startup activity. The primary focus of the course is the venture capital industry though classroom discussions will also touch upon alternative funding channels like angel investors, accelerators and incubators, crowdfunding platforms, etc.
Terms: This course is not scheduled for the 2016-2017 academic year.
Instructors: There are no professors associated with this course for the 2016-2017 academic year.
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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: This course is not scheduled for the 2016-2017 academic year.
Instructors: There are no professors associated with this course for the 2016-2017 academic year.
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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 2016, Winter 2017
Instructors: Di Sabato, Marco (Fall) Di Sabato, Marco (Winter)
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: This course is not scheduled for the 2016-2017 academic year.
Instructors: There are no professors associated with this course for the 2016-2017 academic year.
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FINE 492 International Corporate Finance (3 credits)
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: Winter 2017
Instructors: Schumacher, David (Winter)
Prerequisite: FINE 342
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FINE 541N1 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: Winter 2017
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.
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FINE 541N2 Applied Investments (1.5 credits)
Overview
Finance : See FINE 541N1 for course description.
Terms: Fall 2016
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.
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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: Fall 2016
Instructors: Errunza, Vihang R (Fall)
Revision, December 2016. End of revision.
The remainder, if any, from:
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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 2016, Winter 2017, Summer 2017
Instructors: Tsang, Desmond; Abrams, Amanda; Marianer, Michael; Murray, Michael George (Fall) Abrams, Amanda; Hindo, Rima (Winter) Grégoire, Pierre-Gabriel; Cecere, Ralph (Summer)
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 2016, Winter 2017, Summer 2017
Instructors: Abrams, Amanda; Abrams, Ryan (Fall) Rabier, MaryJane; Cecere, Ralph (Winter) Cecere, Ralph (Summer)
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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 2016, Winter 2017
Instructors: Scott, Julia; Zajdman-Borden, Karen (Fall) Scott, Julia; Zajdman-Borden, Karen (Winter)
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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 2016, Winter 2017, Summer 2017
Instructors: Goldsman, Larry; Triassi, Jack (Fall) Goldsman, Larry; Armanious, Joseph (Winter) Armanious, Joseph (Summer)
Prerequisite: MGCR 211
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FINE 445 Real Estate Finance (3 credits)
Overview
Finance : Fundamentals of mortgages from the viewpoint of both consumer and the firm. Emphasis on legal, mathematical and financial structure, provides a micro basis for analysis of the functions and performance of the mortgage market, in conjunction with the housing market.
Terms: Fall 2016
Instructors: Chaudhury, Mohammed M (Fall)
Prerequisite: MGCR 341
Desautels Faculty of Management—2016-2017 (last updated Aug. 26, 2016) (disclaimer)