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Program Requirements
The Minor Finance consists of 18 credits of Management courses and is offered to non-Management students in the Faculties of Arts, Engineering, and Science.
The Minor has been designed to provide students with an understanding of the key concepts in corporate finance as well as investment banking.
Required Courses (9 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 2020, Winter 2021, Summer 2021
Instructors: Madan, Sujata; Beaumont, Paul (Fall) Rivera, Thomas (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 2020, Winter 2021, Summer 2021
Instructors: Hammami, Larbi; Chaudhury, Mo (Fall) Hammami, Larbi; Goyenko, Ruslan (Winter) Xia, Yu; di Pietro, Vadim (Summer)
Prerequisite: MGCR 341
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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 2020, Winter 2021, Summer 2021
Instructors: di Pietro, Vadim (Fall) di Pietro, Vadim; Madan, Sujata (Winter) di Pietro, Vadim (Summer)
Corequisite: MGCR 271 or equivalent
Restriction: Not open to U0 students.
Complementary Courses (9 credits)
9 credits selected 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 2020, Winter 2021
Instructors: Betermier, Sebastien; Kibsey, Stephen; Vendette, Rosalie (Fall) Tinn, Katrin (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 2020, Winter 2021
Instructors: Barras, Laurent (Fall) Hammami, Larbi (Winter)
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 2020, Winter 2021, Summer 2021
Instructors: Kondo, Jiro (Fall) Hammami, Larbi; Weitzner, Gregory (Winter) Hammami, Larbi (Summer)
Prerequisite: FINE 342
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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: Winter 2021, Summer 2021
Instructors: Goyenko, Ruslan (Winter) Zhang, Chengyu (Summer)
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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 2020, Winter 2021
Instructors: Chaudhury, Mo (Fall) Chaudhury, Mo (Winter)
Prerequisite: MGCR 341
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FINE 446 Behavioural Finance (3 credits)
Overview
Finance : This course will focus on how, why and to what extent our "humanness" affects decision making pertaining to financial issues. Until Kahneman and Tversky came out with their landmark work, known as prospect theory, economics was based on the notion that individuals, companies, and even countries make decisions based on their financial self-interest. In fact this is one of the tenets of modern portfolio theory. Topics covered in the course include loss aversion, the disposition effect, the framing effect, and the endowment effect.
Terms: Fall 2020, Winter 2021
Instructors: Tory, Jeffrey (Fall) Kaczor, Joel (Winter)
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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: Fall 2020, Winter 2021
Instructors: Kondo, Jiro (Fall) Kondo, Jiro (Winter)
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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 2020, Winter 2021, Summer 2021
Instructors: Augustin, Patrick (Fall) Andrei, Daniel (Winter) Xu, Haohua (Summer)
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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: Fall 2020
Instructors: Ericsson, Jan Edvard (Fall)
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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: Winter 2021
Instructors: Roussellet, Guillaume (Winter)
Prerequisite: FINE 441
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FINE 452 Applied Quantitative Finance (3 credits)
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 2020
Instructors: Ghosh, Anisha (Fall)
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FINE 456 Trading in Financial Securities
(3 credits)
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) Gerov, Matey (Winter)
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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 2020-2021 academic year.
Instructors: There are no professors associated with this course for the 2020-2021 academic year.
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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 2020, Winter 2021
Instructors: Sarkissian, Sergei (Fall) Carrieri, Francesca (Winter)
Prerequisite: MGCR 341
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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: 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.
Prerequisite: FINE 342
or other appropriate 300- or 400-level FINE courses with the approval of the Program Adviser.
* Prerequisite: MGCR 271, Business Statistics, or another equivalent Statistics course approved by the Program Adviser.
Note: Students should select their Statistics course only after consulting the "Course Overlap" section in the Faculty of Arts, the "Course Overlap" section in the Faculty of Science, and the "Course Overlap" section in the Desautels Faculty of Management to avoid overlapping Statistics courses.
