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Bachelor of Commerce (B.Comm.)

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Management Economics and Finance (MEF)

Department of Economics and Finance, College of Business and Economics

The Management Economics and Finance major is designed to offer students an appreciation of business and economic problems particularly in the area of finance.

The major provides a suitable education for a career in the business world or in the public service. It also constitutes a useful preparation for more advanced studies, including graduate studies in Economics, Business Administration, Accounting, Industrial Relations, Law, and Public Policy. The major is administered by the Department of Economics and Finance and students are urged to consult the faculty advisor.

For this major, 10.50 credits are specified, 6.00 are restricted electives in a required area of emphasis and 3.50 are electives. (1.50 Liberal Education Requirement; 2.00 free electives).

Liberal Education Requirement

As part of the graduation requirement all students within the B.Comm. Program are required to complete 1.50 credits from at least two different subject prefixes as listed under the B.Comm. Program Information section of the undergraduate calendar.

Given the professional and applied nature of the program, there are no double majors or minors associated with the degree. Elective options enable students to select courses which support or complement their primary field of study. Students may use their restricted and free electives towards a professional designation through one of the areas of emphasis.

Major

Semester 1
ECON*1050 [0.50] Introductory Microeconomics
MCS*1000 [0.50] Introductory Marketing
MGMT*1000 [1.00] Introduction to Business
One of:
MATH*1030 [0.50] Business Mathematics
MATH*1200 [0.50] Calculus I
Note: MATH*1200 is required for the Finance Area of Emphasis.
Semester 2
ACCT*2220 [0.50] Financial Accounting
ECON*1100 [0.50] Introductory Macroeconomics
HROB*2100 [1.00] Managing People in Organizations
0.50 electives
Semester 3
ACCT*2230 [0.50] Management Accounting
ECON*2310 [0.50] Intermediate Microeconomics
ECON*2740 [0.50] Economic Statistics
ECON*2770 [0.50] Introductory Mathematical Economics
One of:
CIS*1200 [0.50] Introduction to Computing
CIS*1500 [0.50] Introduction to Programming
MCS*2020 [0.50] Marketing Information Management
Note: Students who wish to take the Statistics courses listed under the Finance Area of Emphasis may select STAT*2040 in place of ECON*2740.
Semester 4
ECON*2410 [0.50] Intermediate Macroeconomics
ECON*2560 [0.50] Theory of Finance
MCS*3040 [0.50] Business and Consumer Law *
MGMT*3320 [0.50] Financial Management
0.50 electives or restricted electives in an area of emphasis
* Note: Students may select HROB*3050 or REAL*4840 in place of MCS*3040. Both are Fall semester courses and can be completed in any Fall semester, provided the prerequisites are completed.
Semester 5
ECON*3740 [0.50] Introduction to Econometrics
2.00 electives or restricted electives
Note: ECON*3710 is required for the Finance Area of Emphasis.
Semester 6
One of:
FARE*3310 [0.50] Operations Management
REAL*3890 [0.50] Property Management
2.00 electives or restricted electives
Note: Students may select FARE*4500 in place of FARE*3310 or REAL*3890. It is a Fall semester course available in Semester 7.
Semester 7
2.50 electives or restricted electives
Semester 8
MGMT*4000 [0.50] Strategic Management
One of:
ECON*4400 [0.50] Economics of Organizations and Corporate Governance
ECON*4780 [0.50] Topics in Industrial Organization
ECON*4800 [0.50] Competitiveness and Strategic Advantage
1.50 electives or restricted electives
Areas of Emphasis

Students choose either Finance or Management as an area of emphasis in the Management and Economics major. This choice should be made by semester 4. See the Economics departmental advisor to declare an area of emphasis.

FINANCE Area of Emphasis
ECON*3710 [0.50] Advanced Microeconomics
ECON*4560 [0.50] Advanced Topics in Finance
MATH*1200 [0.50] Calculus I
1.50 credits from the following Finance courses:
ECON*3360 [0.50] The Strategy of Mergers and Acquisitions
ECON*3660 [0.50] Economics of Equity Markets
ECON*3760 [0.50] Fundamentals of Derivatives **
ECON*3860 [0.50] International Finance
ECON*3960 [0.50] Money, Credit and the Financial System
** Note that FARE*4240 may be substituted for this course.
One of:
ECON*3100 [0.50] Game Theory
ECON*3810 [0.50] Advanced Macroeconomics
ECON*4700 [0.50] Advanced Mathematical Economics
1.00 Economics credits at the 3000 or 4000 level
In addition to the required credits listed above, students must take a minimum of 1.5 credits in restricted electives. Restricted electives are listed below and have been grouped in major topical areas which are related to, or are an extension of, the professional interests of the major. Students may, however, choose restricted electives from any of those listed without regard to the categories, which are intended to be suggestive.
Courses toward a professional designation as a Certified Financial Analyst (CFA)
ACCT*3330 [0.50] Intermediate Financial Accounting I
ECON*4400 [0.50] Economics of Organizations and Corporate Governance
ECON*4660 [0.50] Financial Markets Risk Management
ECON*4750 [0.50] Topics in Public Economics
ECON*4760 [0.50] Topics in Monetary Economics
ECON*4780 [0.50] Topics in Industrial Organization
ECON*4800 [0.50] Competitiveness and Strategic Advantage
ECON*4880 [0.50] Topics in International Economics
MGMT*4350 [0.50] Business Case Competition Preparation
Courses in Quantitative Finance
ECON*4640 [0.50] Applied Econometrics I
ECON*4840 [0.50] Applied Econometrics II
MATH*2160 [0.50] Linear Algebra I
STAT*3100 [0.50] Introductory Mathematical Statistics I
STAT*3110 [0.50] Introductory Mathematical Statistics II
Courses in preparation for post-graduate work in Economics (MA)
ECON*4640 [0.50] Applied Econometrics I
ECON*4710 [0.50] Advanced Topics in Microeconomics
ECON*4810 [0.50] Advanced Topics in Macroeconomics
MANAGEMENT Area of Emphasis
1.50 credits from the following Finance courses:
ECON*3360 [0.50] The Strategy of Mergers and Acquisitions
ECON*3660 [0.50] Economics of Equity Markets
ECON*3760 [0.50] Fundamentals of Derivatives **
ECON*3860 [0.50] International Finance
ECON*3960 [0.50] Money, Credit and the Financial System
** Note that FARE*4240 may be substituted for this course.

2.50 additional credits in economics of which at least 0.50 must be at the 4000 level and at most 0.50*** may be at the 2000 level.

*** May be replaced with a 4000 level 0.50 credits in Accounting.

In addition to the economics credits listed above, students must take a minimum of 1.50 credits in restricted electives listed below. These courses have been grouped in major topical areas which are related to various professional interests. Students may, however, choose restricted electives from any of those listed without regard to the categories.

Courses toward a professional accounting designation such as Certified Management Accountant (CMA), Chartered Accountant (CA), or Certified General Accountant (CGA).

Please note, course requirements for the postgraduate professional accounting designations vary. Students may consult their Faculty Advisor, the B.Comm Program counsellor or the department website: http://www.business.uoguelph.ca/accounting.shtml for additional information.

ACCT*2240 [0.50] Applied Financial Accounting
ACCT*3230 [0.50] Intermediate Management Accounting
ACCT*3280 [0.50] Auditing I
ACCT*3330 [0.50] Intermediate Financial Accounting I
ACCT*3340 [0.50] Intermediate Financial Accounting II
ACCT*3350 [0.50] Taxation
ACCT*4220 [0.50] Advanced Financial Accounting
ACCT*4230 [0.50] Advanced Management Accounting
ACCT*4270 [0.50] Auditing II
ACCT*4290 [0.50] Auditing III
ACCT*4340 [0.50] Accounting Theory
ACCT*4350 [0.50] Income Taxation II
ACCT*4440 [0.50] Integrated Cases in Accounting

Courses to prepare for the Certified Human Resource Professional (CHRP) designation:

(see http://www.uoguelph.ca/business/academic-advisor-careers-chrp.shtml for more information)

ECON*2200 [0.50] Industrial Relations
HROB*3010 [0.50] Managing and Rewarding Performance
HROB*3030 [0.50] Workplace Health and Safety
HROB*3070 [0.50] Attracting and Acquiring Talent
HROB*3090 [0.50] Developing Talent
HROB*4060 [0.50] Workforce Optimization

Courses to prepare for a post-graduate program in Industrial Relations:

ECON*2200 [0.50] Industrial Relations
ECON*3400 [0.50] The Economics of Personnel Management
ECON*3520 [0.50] Labour Economics
ECON*3620 [0.50] International Trade
ECON*4790 [0.50] Topics in Labour Market Theory
HROB*3010 [0.50] Managing and Rewarding Performance
HROB*3030 [0.50] Workplace Health and Safety
HROB*3070 [0.50] Attracting and Acquiring Talent
HROB*3090 [0.50] Developing Talent
HROB*4060 [0.50] Workforce Optimization

Courses toward the Leadership Certificate:

(see http://www.leadershipcertificate.com/ for more information)

HROB*2010 [0.50] Foundations of Leadership
HROB*4010 [0.50] Leadership Certificate Capstone
HROB*4030 [0.50] Advanced Topics In Leadership and Organizational Management
HROB*4100 [1.00] Evidence-Based People Management
POLS*2250 [0.50] Public Administration and Governance
POLS*3440 [0.50] Corruption, Scandal and Political Ethics

Courses in Public Administration:

ECON*3610 [0.50] Public Economics
POLS*2250 [0.50] Public Administration and Governance
POLS*2300 [0.50] Canadian Government and Politics
POLS*3210 [0.50] The Constitution and Canadian Federalism
POLS*3250 [0.50] Public Policy: Challenges and Prospects
POLS*3270 [0.50] Local Government in Ontario
POLS*3470 [0.50] Business-Government Relations in Canada

Courses in Real Estate and Housing:

ECON*3500 [0.50] Urban Economics **
REAL*1820 [0.50] Real Estate and Housing
REAL*2820 [0.50] Real Estate Finance
REAL*3890 [0.50] Property Management
REAL*4820 [0.50] Real Estate Appraisal **

** These courses count towards the Post Graduate Valuation Certificate offered by UBC, part of the requirements to obtain an Accredited Appraiser Canadian Institute designation

Courses in Corporate Social Responsibility:

BUS*4550 [0.50] Applied Business Project I
BUS*4560 [0.50] Applied Business Project II
ECON*2650 [0.50] Introductory Development Economics
ECON*3300 [0.50] Economics of Health and the Workplace
ECON*4930 [0.50] Environmental Economics
HROB*3030 [0.50] Workplace Health and Safety
REAL*2850 [0.50] Service Learning in Housing
MGMT*3020 [0.50] Corporate Social Responsibility
MGMT*4050 [0.50] Applied Community Project I
MGMT*4060 [0.50] Applied Community Project II

Courses in Marketing:

MCS*2600 [0.50] Fundamentals of Consumer Behaviour
MCS*3000 [0.50] Advanced Marketing
MCS*3010 [0.50] Quality Management
MCS*3620 [0.50] Marketing Communications
MCS*4400 [0.50] Pricing Management

Courses in Food and Agribusiness:

FARE*2410 [0.50] Agrifood Markets and Policy
FARE*3030 [0.50] The Firm and Markets
FARE*3170 [0.50] Cost-Benefit Analysis
FARE*4000 [0.50] Agricultural and Food Policy
FARE*4220 [0.50] Advanced Agribusiness Management
University of Guelph
50 Stone Road East
Guelph, Ontario, N1G 2W1
Canada
519-824-4120