Management Economics and Finance (MEF)
Department of Economics and Finance, Gordon S. Lang School 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, Finance, 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.
Learning Outcomes
By the end of the Bachelor of Commerce program, graduates will be able to:
- Demonstrate the ability to think critically by identifying, evaluating and integrating relevant information from a variety of sources to solve complex business problems
- Demonstrate an ability to work effectively in teams, through the application of appropriate knowledge and skills such as responsible decision-making and personal accountability
- Identify and professionally respond to team issues and develop a new approach to enhance team performance
- Discuss and apply principles of corporate social responsibility to business issues and operations.
- Communicate effectively in a business context through written documents to a variety of audiences
- Communicate effectively in a business context through oral communication to a variety of audiences
- Demonstrate competency and understanding of core business knowledge and concepts.
- Demonstrate proficiency in the ability to integrate knowledge and understanding within specific majors through analysis and recommendation of solutions to ‘major specific’ business problems and business decision-making.
Management Economics and Finance major graduates will also be able to:
- Design optimal investment portfolios.
- Assess the risk and return of financial investments.
- Determine the value of a firm.
- Identify the optimal way to finance a firm.
Degree Requirements
(20.00 Total Credits)
| Code | Title | Credits |
|---|---|---|
| Required Core Courses | 11.50 | |
| Restricted Electives (from lists) | 5.00 | |
| MGMT*1100 | Business Career Preparation | 0.00 |
| Liberal Education Electives | 1.50 | |
| Free Electives | 2.00 | |
| Total Credits | 20 | |
Major
| Code | Title | Credits |
|---|---|---|
| Semester 1 1 | ||
| ECON*1050 | Introductory Microeconomics | 0.50 |
| MGMT*1000 | Introduction to Business | 1.00 |
| MATH*1030 | Business Mathematics | 0.50 |
| or MATH*1200 | Calculus I | |
| 0.50 electives | 0.50 | |
| Semester 2 | ||
| ACCT*1220 | Introductory Financial Accounting | 0.50 |
| ECON*1100 | Introductory Macroeconomics | 0.50 |
| HROB*2090 | Individuals and Groups in Organizations | 0.50 |
| MCS*1000 | Introductory Marketing | 0.50 |
| 0.50 electives | 0.50 | |
| Semester 3 | ||
| ACCT*2230 | Management Accounting | 0.50 |
| ECON*2310 | Intermediate Microeconomics | 0.50 |
| ECON*2740 | Economic Statistics 2 | 0.50 |
| ECON*2770 | Introductory Mathematical Economics | 0.50 |
| MCS*2020 | Information Management | 0.50 |
| MGMT*1100 | Business Career Preparation | 0.00 |
| Semester 4 | ||
| ECON*2410 | Intermediate Macroeconomics | 0.50 |
| FIN*2000 | Introduction to Finance | 0.50 |
| MCS*3040 | Business and Consumer Law 3 | 0.50 |
| MGMT*3320 | Financial Management | 0.50 |
| 0.50 electives or restricted electives in an area of emphasis | 0.50 | |
| Semester 5 | ||
| ECON*3740 | Introduction to Econometrics | 0.50 |
| MGMT*3020 | Corporate Social Responsibility | 0.50 |
| FIN*3000 | Investments 4 | 0.50 |
| or FIN*3100 | Corporate Finance | |
| 1.00 electives or restricted electives | 1.00 | |
| Semester 6 | ||
| FARE*3310 | Operations Management | 0.50 |
| FIN*3000 | Investments 5 | 0.50 |
| or FIN*3100 | Corporate Finance | |
| 1.50 electives or restricted electives | 1.50 | |
| Semester 7 | ||
| 2.50 electives or restricted electives | 2.50 | |
| Semester 8 | ||
| MGMT*4000 | Strategic Management | 0.50 |
| 2.00 electives or restricted electives | 2.00 | |
- 1
MATH*1200 Calculus I is recommended for the finance Area of Emphasis.
- 2
Students who wish to take the Statistics courses listed under the finance Area of Emphasis may select STAT*2040 Statistics I in place of ECON*2740 Economic Statistics.
- 3
Students may select REAL*4840 Housing and Real Estate Law in place of MCS*3040 Business and Consumer Law. This is a Fall semester course and can be completed in any Fall semester, provided the prerequisites are completed.
- 4
ECON*3710 Advanced Microeconomics is required for the finance Area of Emphasis
- 5
ECON*3810 Advanced Macroeconomics is required for the finance Area of Emphasis
Areas of Emphasis
Students choose either Finance or Managerial Economics as an area of emphasis in the MEF major. This choice should be made by semester 5. See the Economics and Finance departmental advisor to declare an area of emphasis.
Finance Area of Emphasis
| Code | Title | Credits |
|---|---|---|
| ECON*3710 | Advanced Microeconomics | 0.50 |
| ECON*3810 | Advanced Macroeconomics | 0.50 |
| FIN*4000 | Advanced Topics in Finance | 0.50 |
| 1.00 Economics or Finance credits at the 3000 or 4000 level | 1.00 | |
| Select 1.00 credits from the following finance courses: | ||
| FIN*3200 | Fundamentals of Derivatives | 0.50 |
| FIN*3300 | The Strategy of Mergers and Acquisitions | 0.50 |
| FIN*3400 | International Finance | 0.50 |
| FIN*3500 | Money, Credit and the Financial System | 0.50 |
In addition to the required credits listed above, students must take a minimum of 1.50 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 Chartered Financial Analyst (CFA)
| Code | Title | Credits |
|---|---|---|
| ACCT*3330 | Intermediate Financial Accounting I | 0.50 |
| ACCT*3340 | Intermediate Financial Accounting II | 0.50 |
| ECON*4760 | Topics in Monetary Economics | 0.50 |
| FIN*3200 | Fundamentals of Derivatives | 0.50 |
| FIN*4200 | Risk Management in Finance and Insurance | 0.50 |
Courses in Quantitative Finance
| Code | Title | Credits |
|---|---|---|
| ECON*3100 | Game Theory | 0.50 |
| ECON*4640 | Advanced Econometrics | 0.50 |
| ECON*4700 | Advanced Mathematical Economics | 0.50 |
| FIN*4100 | Financial Econometrics | 0.50 |
| MATH*1160 | Linear Algebra I | 0.50 |
| MATH*1210 | Calculus II | 0.50 |
| STAT*3100 | Introductory Mathematical Statistics I | 0.50 |
| STAT*3110 | Introductory Mathematical Statistics II | 0.50 |
Courses in Preparation for Post-Graduate Work in Economics (MA)
| Code | Title | Credits |
|---|---|---|
| ECON*4640 | Advanced Econometrics | 0.50 |
| ECON*4710 | Advanced Topics in Microeconomics | 0.50 |
| ECON*4810 | Advanced Topics in Macroeconomics | 0.50 |
Community Engagement Courses
| Code | Title | Credits |
|---|---|---|
| MGMT*4050 | Business Consulting | 0.50 |
| MGMT*4350 | Business Case Competition Preparation | 0.50 |
| MGMT*4350 | Business Case Competition Preparation | 0.50 |
Courses for Computational Finance
| Code | Title | Credits |
|---|---|---|
| CIS*1910 | Discrete Structures in Computing I | 0.50 |
| CIS*2500 | Intermediate Programming | 0.50 |
| CIS*2520 | Data Structures | 0.50 |
| CIS*2750 | Software Systems Development and Integration | 0.75 |
| CIS*3750 | System Analysis and Design in Applications | 0.75 |
| MGMT*3140 | Business Analytics | 0.50 |
| MGMT*4140 | Advanced Business Analytics | 0.50 |
Managerial Economics Area of Emphasis
| Code | Title | Credits |
|---|---|---|
| ECON*4400 | Managerial Economics | 0.50 |
| Select 1.00 credits from the following finance courses: | ||
| FIN*3200 | Fundamentals of Derivatives | 0.50 |
| FIN*3300 | The Strategy of Mergers and Acquisitions | 0.50 |
| FIN*3400 | International Finance | 0.50 |
| FIN*3500 | Money, Credit and the Financial System | 0.50 |
| 2.50 additional credits in economics or finance of which at least 0.50 must be at the 4000 level and at most 0.50 may be at the 2000 level. 6 | 2.50 | |
- 6
May be replaced with a 4000 level 0.50 credits in Accounting.
In addition to the economics or finance credits listed above, students must take a minimum of 1.00 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 Chartered Professional Accountants (CPA)
See https://www.uoguelph.ca/lang/accounting/ for additional information.
| Code | Title | Credits |
|---|---|---|
| ACCT*3230 | Intermediate Management Accounting | 0.50 |
| ACCT*3280 | Auditing I | 0.50 |
| ACCT*3330 | Intermediate Financial Accounting I | 0.50 |
| ACCT*3340 | Intermediate Financial Accounting II | 0.50 |
| ACCT*3350 | Taxation | 0.50 |
| ACCT*4220 | Advanced Financial Accounting | 0.50 |
| ACCT*4230 | Advanced Management Accounting | 0.50 |
| ACCT*4270 | Auditing II | 0.50 |
| ACCT*4290 | IT Auditing and Data Analytics | 0.50 |
| ACCT*4340 | Accounting Theory | 0.50 |
| ACCT*4350 | Income Taxation II | 0.50 |
| ACCT*4440 | Integrated Cases in Accounting | 0.50 |
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)
| Code | Title | Credits |
|---|---|---|
| HROB*2200 | Labour Relations | 0.50 |
| HROB*2290 | Human Resources Management | 0.50 |
| HROB*3010 | Compensation Systems | 0.50 |
| HROB*3030 | Occupational Health and Safety | 0.50 |
| HROB*3070 | Recruitment and Selection | 0.50 |
| HROB*3090 | Training and Development | 0.50 |
| HROB*4060 | Human Resource Planning | 0.50 |
Courses to Prepare for a Post-Graduate Program in Industrial Relations
| Code | Title | Credits |
|---|---|---|
| ECON*3400 | The Economics of Personnel Management | 0.50 |
| ECON*3520 | Labour Economics | 0.50 |
| ECON*3620 | International Trade | 0.50 |
| ECON*4790 | Topics in Labour Market Theory | 0.50 |
| HROB*2200 | Labour Relations | 0.50 |
| HROB*2290 | Human Resources Management | 0.50 |
| HROB*3010 | Compensation Systems | 0.50 |
| HROB*3030 | Occupational Health and Safety | 0.50 |
| HROB*3070 | Recruitment and Selection | 0.50 |
| HROB*3090 | Training and Development | 0.50 |
| HROB*4060 | Human Resource Planning | 0.50 |
Courses Toward the Leadership Certificate
(see http://www.leadershipcertificate.com/ for more information)
| Code | Title | Credits |
|---|---|---|
| HROB*2010 | Foundations of Leadership | 0.50 |
| HROB*4010 | Leadership Certificate Capstone | 0.50 |
| POLS*2250 | Public Administration and Governance | 0.50 |
| POLS*3440 | Corruption, Scandal and Political Ethics | 0.50 |
Courses in Public Administration
| Code | Title | Credits |
|---|---|---|
| ECON*3610 | Public Economics | 0.50 |
| POLS*2250 | Public Administration and Governance | 0.50 |
| POLS*2300 | Canadian Government and Politics | 0.50 |
| POLS*3210 | The Constitution and Canadian Federalism | 0.50 |
| POLS*3250 | Public Policy: Challenges and Prospects | 0.50 |
| POLS*3270 | Local Government in Ontario | 0.50 |
| POLS*3470 | Business-Government Relations in Canada | 0.50 |
Courses in Real Estate and Housing
| Code | Title | Credits |
|---|---|---|
| ECON*3500 | Urban Economics 7 | 0.50 |
| REAL*1820 | Real Estate and Housing | 0.50 |
| REAL*2820 | Real Estate Finance | 0.50 |
| REAL*3890 | Property Management | 0.50 |
| REAL*4820 | Real Estate Appraisal 7 | 0.50 |
- 7
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
| Code | Title | Credits |
|---|---|---|
| BUS*4550 | Applied Business Project I | 0.50 |
| BUS*4560 | Applied Business Project II | 0.50 |
| ECON*2650 | Introductory Development Economics | 0.50 |
| ECON*3300 | Economics of Health and the Workplace | 0.50 |
| ECON*4930 | Environmental Economics | 0.50 |
| HROB*3030 | Occupational Health and Safety | 0.50 |
| REAL*2850 | Service Learning in Housing | 0.50 |
| MGMT*4050 | Business Consulting | 0.50 |
| MGMT*4060 | Business Consulting | 0.50 |
Courses in Marketing
| Code | Title | Credits |
|---|---|---|
| MCS*2600 | Fundamentals of Consumer Behaviour | 0.50 |
| MCS*3000 | Advanced Marketing | 0.50 |
| MCS*3010 | Quality Management | 0.50 |
| MCS*3620 | Marketing Communications | 0.50 |
| MCS*4400 | Pricing Management | 0.50 |
Courses in Food and Agribusiness
| Code | Title | Credits |
|---|---|---|
| FARE*2410 | Agri-food Markets and Policy | 0.50 |
| FARE*3030 | The Firm and Markets | 0.50 |
| FARE*3170 | Cost-Benefit Analysis | 0.50 |
| FARE*4000 | Agricultural and Food Policy | 0.50 |
| FARE*4220 | Advanced Agribusiness Management | 0.50 |