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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 in Economics and Finance 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: . 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 .

The B.A. Joint Honours in Economics and Finance requires the completion of 30 specified credits of Honours Economics courses listed in the Economics Honours Program and 30 specified credits for Finance. This program is designed to take advantage of both McGill's Finance and Economics course offerings to produce a student who is well trained in these two complementary areas. To enter this Joint Honours program, students must have completed two terms of Calculus.

Continuation from one year to the next in the Economics part of this Joint Honours program requires a minimum grade of B- in ECON 250D1/D2, and a minimum B- average in the required and complementary Honours Economics courses.

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 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 a 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 the Honours in Economics and Finance, 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.

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 2024, Winter 2025, Summer 2025

    Instructors: Macdonald, Jeremy; Ayala, Miguel; Branchereau, Romain; Giard, Antoine (Fall) Pinet, Théo (Winter)

    • 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.

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Sabok, Marcin; Trudeau, Sidney; Kalmykov, Artem (Fall) Huang, Peiyuan; Trudeau, Sidney (Winter)

    • 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

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Hassan, Hazem; Trudeau, Sidney; Zlotchevski, Andrei (Fall) Trudeau, Sidney; Poulin, Antoine; Syroka, Bartosz (Winter)

    • Prerequisites: MATH 139 or MATH 140 or MATH 150.

    • 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 taken prior to U2)
** Or equivalent

Required Courses (45 credits)

Economics

Please refer to the Department's document "Rules on Stats Courses for Economics Students" available on the following website: . 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.

Finance

  • FINE 342 Corporate Finance (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 2024, Winter 2025, Summer 2025

    Instructors: Beaumont, Paul; di Pietro, Vadim (Fall) Rivera, Thomas; Madan, Sujata (Winter) di Pietro, Vadim (Summer)

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Errunza, Vihang R; Croitoru, Benjamin (Fall) Goyenko, Russ; Hammami, Larbi (Winter)

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Hammami, Larbi (Fall) Weitzner, Gregory; Hammami, Larbi (Winter)

  • 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: Winter 2025

    Instructors: Malkhozov, Aytek (Winter)

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Zhang, Jingjing; Lee, Dongyoung; Zhu, Yin (Fall) Roh, Yongoh; Zhu, Yin (Winter)

  • 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 2024, Winter 2025, Summer 2025

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

    • Corequisite: MGCR 271 or equivalent

    • Restriction: Not open to U0 students.

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 353 and ECON 354 are counted in the Core, where it replaces ECON 295.

Complementary Courses (15 credits)

Economics

3 credits selected 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: Winter 2025

    Instructors: Strumpf, Erin (Winter)

  • 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 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 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 2025

    Instructors: Goncalves, Silvia (Winter)

    • Prerequisite: ECON 468

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

Finance

6 credits selected from the following:

  • FINE 442 Capital Markets and Institutions (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    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 2024, Winter 2025

    Instructors: Hammami, Larbi (Fall) Goldman, Jim (Winter)

  • 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 2024, Winter 2025, Summer 2025

    Instructors: Ericsson, Jan Edvard (Fall) Malkhozov, Aytek (Winter)

  • FINE 449 Risk Management in Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Understanding, quantifying, and managing different types of financial risks. A broad overview of the tools required of someone pursuing a career in risk management, whether it is at a bank, an asset management fund, or a non-financial business. Topics include corporate hedging with derivatives, volatility and correlation modelling, non-normal distributions, Monte Carlo and historical simulations, liquidity risk, and capital requirements.

    Terms: Fall 2024

    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: Winter 2025

    Instructors: di Pietro, Vadim (Winter)

  • FINE 452 Applied Quantitative Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course is built around a series of practical applications (backtesting trading strategies, yield curve modelling, derivatives hedging) and consists of lab sessions where lectures are mixed with time and support for solving the tasks in Matlab. No programming experience is required, but a willingness to learn is.

    Terms: Fall 2024

    Instructors: Ericsson, Jan Edvard (Fall)

6 credits from any undergraduate FINE course.

Faculty of Arts—2024-2025 (last updated Sep. 5, 2024) (disclaimer)
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