Finance Guide

Bachelor of Commerce: Finance & Economics Specialist
(Effective 2012/13)

1. Program Overview & Required Courses

Overview and
Summary

•This is a four-year honours program which leads to the Bachelor of Commerce
•This Specialist requires 10.0 RSM + 10.0 non-RSM, with 13.5 specified FCEs
•10 RSM = 4.0 required + 2.0 specified electives + 4.0 unspecified electives •10 non-RSM = 1.0 MAT + 6.5 ECO + 2.5 unspecified FAS electives

First-Year
Requirements

•RSM100Y Introduction to Management
•ECO100Y Introduction to Economics
•MAT133Y Calculus and Linear Algebra *

Upper-Year ECO
Requirements (i)

•ECO204Y/ECO206Y Microeconomic Theory and Applications
•ECO208Y/ECO209Y Macroeconomic Theory
•ECO220Y/ECO227Y Quantitative Methods in Economics **

Upper-Year ECO
Requirements (ii)

•2.5 from any 300+ ECO

Upper-Year RSM
Requirements (i)

•RSM219H Introduction to Financial Accounting
•RSM222H Management Accounting I
•RSM230H Financial Markets
•RSM330H Investments
•RSM332H Capital Market Theory
•RSM333H Introduction to Corporate Finance

Upper-Year RSM
Requirements (ii)

•0.5 from:
•RSM250H Principles of Marketing
•RSM260H Organizational Behaviour
•RSM270H Operations Management
•RSM392H Strategic Management

Upper-Year RSM
Requirements (iii)

•1.0 from:
•RSM430H Fixed Income Securities
•RSM432H Risk Management for Financial Managers
•RSM433H Advanced Corporate Finance
•RSM434H Financial Trading Strategies
•RSM435H Futures and Options Markets
•RSM437H International Finance

Upper-Year RSM
Requirements (iv)

•0.5 from:
•RSM295Y/296Y/395Y Special Topics: Summer Abroad
•RSM437H International Finance (NOTE: RSM437H may be counted towards requirement iii or iv - not both)
•RSM462H Managing People in the Context of Globalization
•RSM480H Business in a Global Economy
•RSM490H International Business
•RSM491H Globalization and Capital Markets: Political Economy and Investment Strategy

* or equivalent: MAT123H + MAT124H / MAT135H + MAT136H / MAT137Y / MAT157Y
** or equivalent: STA220H + STA255H / STA257H + STA261H

2. Typical Program Progression
Finance & Economics Specialist
Year 1
Fall

Winter
RSM100Y

Year 2
Fall
Winter
RSM219H
RSM222H

ECO100Y

ECO204Y

MAT133Y

ECO209Y

FAS
Elective¹
FAS
Elective¹

FAS
Elective¹
FAS
Elective¹

ECO220Y
RSM230H

RSM 330H or RSM332H₊

Year 3
Fall
Winter
RSM 330H
RSM333H
or RSM332H
RSM
RSM
Required²
Elective
RSM
RSM
Elective
Elective
ECO
ECO
Elective³
Elective³
ECO
RSM
Elective³
Elective

Year 4
Fall
Winter
RSM
RSM
Required⁴
Required⁴
RSM
RSM
Required⁵
Elective
RSM
RSM
Elective
Elective
ECO
ECO
Elective³
Elective³
RSM
FAS
Elective
Elective¹

¹ Must complete 2.5 FCEs
² Must complete 0.5 FCEs from RSM250H, RSM260H, RSM270H, or RSM392H
³ Must complete 2.5 FCEs from any 300+ ECO
⁴ Must complete 1.0 FCEs from RSM430H, RSM432H, RSM433H, RSM434H, RSM435H or RSM437H
⁵ Must complete 0.5 FCEs from RSM295Y/296Y/395Y, RSM437H, RSM462H, RSM480H, RSM490H or RSM491H
₊ Note that students may enroll in 300-level RSM finance courses as early as Year 2, provided that co-requisite and prerequisite requirements are met.

3. BCom Breadth Requirements:
The purpose of the Breadth Requirement is to ensure all students graduating with an Honours degree from the Faculty of Arts & Science have chosen courses across a broad range of subject areas in the Faculty as part of their undergraduate education. 1. Creative and Cultural Representations
2. Thought, Belief, and Behaviour
3. Society and Its Institutions
4. Living Things and Their Environment
5. The Physical and Mathematical Universes
Students must take at least 4.0 full-course equivalents (FCEs) that have been designated as satisfying the Breadth
Requirement. To satisfy the requirements for the Bachelor of Commerce, Rotman Commerce students must:
a) complete at least 1 FCE from Category 1 (Creative and Cultural Representations)*
AND
b) complete at least 1 FCE in each of any 3 other categories above, OR, at least 1 FCE in each of any 2 of the 4 categories, and at least 0.5 FCE in each of the other 2 categories.**

4.0 Full-course equivalents (FCEs) required
1. Creative and Cultural
Representations

2. Thought, Belief, and Behaviour

3. Society and Its
Institutions

4. Living Things and
Their Environment

5. The Physical and
Mathematical Universes

All Commerce students required to complete
1.0 FCE *

1.0 FCE or
0.5 FCE **

1.0 FCE or
0.5 FCE **

1.0 FCE or
0.5 FCE **

1.0 FCE or
0.5 FCE **

Note that there is no Breadth Requirement status for RSM100Y1, and that MAT133Y1 and ECO220Y1 (and courses deemed equivalent in the program requirements in the calendar) cannot be used to satisfy the Breadth Requirement.

4. Breadth Requirements:
Specific Course Requirements
ECO100Y Introduction to Economics
RSM100Y Introduction to Management
MAT133Y Calculus and Linear Algebra for Commerce
ECO204Y/206Y Microeconomic Theory and Applications
ECO208Y/209Y Macroeconomic Theory
ECO220Y/227Y Quantitative Methods in Economics
RSM219H Introduction to Financial Accounting
RSM222H Management Accounting I
RSM230H Financial Markets
RSM330H Investments
RSM332H Capital Market Theory
RSM333H Introduction to Corporate Finance
Other Program Requirements
0.5 from: RSM230H, RSM250H, RSM260H, RSM270H, or RSM392H
RSM250H Principles of Marketing
RSM260H Organizational Behaviour
RSM270H Operations Management
RSM392H Strategic Management
2.5 300+ ECO
1.0 from: RSM430H1, 432H1, 433H1, 434H1, 435H1, 437H1
RSM430H Fixed Income Securities
RSM432H Risk Management for Financial Managers
RSM433H Advanced Corporate Finance
RSM434H Financial Trading Strategies
RSM435H Futures and Options Markets
0.5 from: RSM295Y0/296Y0/395Y0, 437H1, 462H1, 480H1, 490H1, 491H1
RSM437H International Finance
RSM462H Managing People in the Context of Globalization
RSM480H Business in a Global Economy
RSM490H International Business
RSM491H Globalization and Capital Markets: Political Economy and Investment Strategy
Unspecified Elective Courses
4 RSM credits
2.5 FAS credits

Breadth Category
3
------3
3
---------3
3
3
3

2
2
5
3
3
3
5
3
5
5
3
3
3
3
3
Varies
Varies

Notes:
1. As a result of the course requirements, all students in this Specialist attain 1.0 FCE of Category 3 (e.g. through
ECO204Y/206Y, ECO208Y/209Y, RSM230H, RSM330H, RSM332H, etc.)
2. As a result of the course requirements, all students in this Specialist attain 1.0 FCE of Category 5 through two of:
RSM270H, RSM432H, RSM434H or RSM435H.
3. Category 1: Because Rotman Commerce requires 1.0 FCE of Category 1, and because this is not available in RSM/ECO courses, students must obtain 1.0 Category 1 FCE through their unspecified FAS electives (note that they have 2.5 FAS electives available for this). Students are encouraged to complete this requirement in their first year.
4. Categories 2 & 4 (1.0 FCE required between the two categories): Students can attain 0.5 FCE in Category 2 as part of the course requirements for this Specialist through RSM250H or RSM260H. They may obtain an additional 0.5 Category
2 credit through a number of RSM courses taken as electives (they have 4.0 FCE of unspecified RSM courses); RSM courses carrying Category 2 credit include, in addition to these two courses, courses such as RSM251H Marketing
Management and RSM353H Consumer Behaviour. Alternatively, students may satisfy some, or all, of this requirement through their unspecified FAS elective courses.