This Course and Program Catalogue is effective from May 2024 to April 2025.

Not all courses described in the Course and Program Catalogue are offered each year. For a list of course offerings in 2024-2025, please consult the class search website.

The following conventions are used for course numbering:

  • 010-099 represent non-degree level courses
  • 100-699 represent undergraduate degree level courses
  • 700-999 represent graduate degree level courses

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16 Results

FIN 400.6: Honours Seminar in Finance

Directed readings and individual research in the areas of finance. The major course requirement involves the preparation of an honours research paper under the supervision of one or more faculty in the particular area of specialization. The resulting honours paper is normally presented at a department seminar.

Weekly hours: 3 Seminar/Discussion hours
Permission of the department required.


FIN 801.3: Advanced Corporate Finance

Provides students with a fundamental understanding of the current issues of interest in research in the modern theory of corporate finance. It provides students with a theoretical background in areas such as firm theory, security issuance, capital raising, capital structure, and corporate governance. Presentation and discussion of articles from academic journals are used as tools to enhance student learning.

Weekly hours: 1.5 Lecture hours and 1.5 Seminar/Discussion hours


FIN 802.3: Advanced Investment Theory

Develops investment theory through the financial economics framework of Von-Neumann Morgenstern utility. This allows exploration of risk aversion, stochastic dominance, and portfolio optimization. MPT and CAPM are derived. Arrow-Debreu contingent claims and option pricing theory are addressed. Additional topics include risk-neutral valuation, stochastic discount factors, and the consumption CAPM.

Weekly hours: 1.5 Lecture hours and 1.5 Seminar/Discussion hours


FIN 803.3: Empirical Methods in Finance

Presents a critical look at current financial models and gives the student experience in the systematic analysis of financial data. Students are exposed to a suite of analytical tools that allow rigorous assessment of the characteristics of financial data and models.

Weekly hours: 2 Lecture hours and 1 Practicum/Lab hours


FIN 805.3: Fixed Income Securities

This course considers the financial concepts required to invest in fixed income securities. Topics include the mathematics required to evaluate fixed income cash flows, measuring and hedging fixed income portfolio risk, the yield curve in theory and practice, repurchase agreements, interest rate forward agreements, futures contracts, swaps, and mortgage-backed securities.

Weekly hours: 3 Lecture hours


FIN 819.3: Advanced Derivative Securities

Deals selectively with the theories, strategies, and applications of derivative securities. Topics include futures and forward contracts, swaps, standard options, exotic options and other derivative securities on different underlying assets; valuation techniques; empirical studies; governance and regulation of derivative securities trading and exposure; and management of financial risks.

Weekly hours: 3 Lecture hours
Departmental permission is required.
Note: Students with credit for COMM 419 will not receive credit for this course.


FIN 861.3: Advanced Theory of Finance

Starts out with the classic Miller-Modigliani irrelevance theorem, which describes a frictionless financial markets set-up. Various deviations from this set-up, particularly with respect to agency costs, information asymmetries, and taxes, are then introduced. Students will also study how these market imperfections affect firms’ dividend policies and capital structures.

Weekly hours: 3 Lecture hours
Departmental permission is required.
Restriction(s): Current student in the College of Graduate Studies and Research.
Note: Students with credit for COMM 461 will not receive credit for this course.


FIN 866.3: Advanced International Corporate Finance

FIN 866 will be conducted jointly with Comm 466 but at a much higher level. Apart from learning basic tools covered in Comm 466, students work closely with the instructor and review several academic journal articles in the area of global legal institutions, global corporate governance, global ownership structures, global cost of capital and capital structure.

Weekly hours: 3 Lecture hours
Departmental permission is required.
Restriction(s): Current student in the College of Graduate Studies and Research.
Note: Students with credit for COMM 466 will not receive credit for this course.


FIN 867.3: Advanced Portfolio Theory and Management

The focus of this course is portfolios: portfolio analysis, selection, and management. Selected theories behind optimal portfolio construction and management are presented. Important general equilibrium models are derived and followed through the literature. The theoretical and empirical validity of these models is assessed.

Weekly hours: 3 Lecture hours
Departmental permission is required.
Restriction(s): Current student in the College of Graduate Studies and Research.
Note: Students with credit for COMM 467 will not receive credit for this course.


FIN 869.3: Advanced Management of Financial Institutions

This is a graduate seminar course that exposes students to the current state of academic research in Financial Institutions. It is geared towards students who intend to broaden their knowledge in Financial Institutions beyond the knowledge of undergraduate studies and who may intend to work in the area of financial institutions in their thesis. This course will introduce papers which uses methods specialized to this area of research.

Weekly hours: 3 Lecture hours
Prerequisite(s): COMM 469 or ECON 311 and Departmental Permission.
Restriction(s): Current student in the College of Graduate Studies and Research.


FIN 871.3: Advanced Investment Practicum

This course is designed to give students practical experience in the selection and management of financial assets through managing the funds held in the Investment Account of the Student Managed Portfolio Trust (SMPT). Students will work in groups as Financial Analysts (FAs) to make the ultimate decisions for managing the portfolio of securities. Overall, the activities of each group will include identification, analysis, acquisition, and monitoring of investment securities and making entry and exit decisions. The legal and ethical considerations of investing will be emphasized throughout the training program.

Weekly hours: 3 Seminar/Discussion hours
Permission of the department is required.
Restriction(s): This course is restricted to students in the M.Sc. in Finance program.
Note: Students can receive credit for only one of COMM 471.3 and FIN 871.3.


FIN 898.3: Special Topics

Offered occasionally in special situations. Students interested in these courses should contact the department for more information.


FIN 899.6: Special Topics

Offered occasionally in special situations. Students interested in these courses should contact the department for more information.


FIN 990.0: Seminar in Finance

A forum in which faculty members, visiting professors and M.Sc. students will present research papers. All students participate in FIN 990. Beginning in year two of their program, students are required to do a minimum of two presentations per academic year.


FIN 994.0: Research – Thesis

Students undertaking research must register in this course each year until completion of the program.


FIN 996.0: Research – Dissertation

Students enrolled in Special Case PhD in Finance must register for this course. This course is designed to enhance the student’s knowledge of the subject area. Readings are assigned on an individual basis. The course is expected to prepare the student for writing the PhD thesis. Attendance is obligatory. The course in non-credited.