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Courses

Bachelor of Commerce (Honours) (BCom) students can choose to major or minor in finance– where you will receive extensive practice in applying theory to the processes of decision-making and problem-solving.

For further program information, please visit the Academic Calendar.

Finance Major

  • Requirements
    The Finance major in the Bachelor of Commerce (Honours) program requires a minimum of 30 credit hours in finance courses. Students must complete six required finance courses and a minimum of four finance elective courses.
  • BUSI 2401U - Finance I
    This course is an introduction to basic concepts in corporate finance. The course develops tools and concepts for understanding of problems facing financial managers. Topics include time value of money, financial ratios, stock and bond evaluations, capital investment decisions, and short term finance.
  • BUSI 2402U - Finance II
    This course provides an advanced understanding of corporate finance with a focus on financial markets. Topics covered in this course include financial securities and financial markets, understanding and measurement of risk and returns, cost of capital, financial leverage of the firm, and its dividend policy. The course will also introduce students to international corporate finance and to the practice of mergers and acquisitions.
  • BUSI 3405U - Equity Asset Analysis
    Equity assets, primarily stocks and other residual claim investments, are analyzed and valued from an investor’s perspective. The framework for such an analysis may include valuation models such as dividends, free cash flows, price multiples and residual income. The valuation models are combined with different growth phases such as single, H-model and multi-stage. This is evaluated in conjunction with the business cycle, stock market outlook and industry environment. Students interested in a career in finance or investments, as well as those wanting to manage their own investment portfolios, would benefit from studying this course.
  • BUSI 3410U - Financial Insitutions
    This is an introductory course on financial institutions. The primary objective of this course is to help students have a better understanding on the key roles of different financial participants, namely the private households, chartered banks, and the central bank. Both theoretical models and real-world examples will be covered to examine the interactions between financial participants which affect the term structures of interest rates, inflation rates, and the economy.
  • BUSI 3420U - Derivative Securities
    This course studies the valuation of put and call options, real options, futures and swaps. A number of complex option strategies using derivate securities are analyzed for their ability to speculate or hedge based on capital and money market forecasts.
  • BUSI 4410U - Advanced Corporate Finance Applications
    This course applies advanced corporate finance topics such as capital budgeting, dividend policy, raising financing, capital structure changes, working capital management, and mergers and acquisitions valuation. Business decision-making is simulated in the case study method.

Finance Minor

  • Requirements
    The Finance minor in the Bachelor of Commerce (Honours) program requires a minimum of 18 credit hours in finance courses. Students must complete four required finance courses and a minimum of two additional finance courses.
  • BUSI 2401U - Finance I
    This course is an introduction to basic concepts in corporate finance. The course develops tools and concepts for understanding of problems facing financial managers. Topics include time value of money, financial ratios, stock and bond evaluations, capital investment decisions and short term finance.
  • BUSI 2402U - Finance II
    This course provides an advanced understanding of corporate finance with focus on financial markets. Topics covered in this course include financial securities and financial markets, understanding and measurement of risk and returns, cost of capital, financial leverage of the firm and its dividend policy. The course will also introduce students to international corporate finance and to the practice of mergers and acquisitions.
  • BUSI 3410U - Financial Institutions
    This is an introductory course on financial institutions. The primary objective of this course is to help students have a better understanding on the key roles of different financial participants, namely the private households, chartered banks, and the central bank. Both theoretical models and real-world examples will be covered to examine the interactions between financial participants which affect the term structures of interest rates, inflation rates, and the economy.
  • BUSI 3430U - Personal Finance
    The management of the individual’s personal finances is the focus of this course. The areas of coverage include planning your personal finances, managing credit, insuring for risks, investments and planning for retirement and the individual’s estate.

Finance Electives

  • Elective Courses

    List of electives (for both major and minor students)

    • BUSI 3150U – Financial Statement Analysis
    • BUSI 3430U – Personal Finance
    • BUSI 3440U – Financial Modelling
    • BUSI 3460U – Fixed Income Strategies
    • BUSI 3480U – International Finance
    • BUSI 4400U – Electronic Trading and Exchange
    • BUSI 4405U – Portfolio and Investment Strategies
    • BUSI 4430U – Mergers and Acquisitions
    • BUSI 4440U – Financial Econometrics
    • BUSI 4450U – Business Applications of Blockchain and Cryptocurrencies
    • BUSI 4455U – Student Managed Investment Fund I
    • BUSI 4456U – Student Managed Investment Fund II 
    • BUSI 4490U – Special Topics in Finance