FIN - Finance

Offered By:
Faculty of Business

Below are the courses available from the FIN subject code. Select a course to view the available classes, additional class notes, class times, and textbooks.

FIN 301 - Introduction to Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-1S-0)

Types of securities and basic methods of valuation. Valuation and selection of physical and intellectual assets. Operation of asset markets and market efficiency. Risk measures and risk reduction methods. Financing policy, including choices between debt and equity financing. Note: Students are expected to have basic familiarity with microcomputer applications. Prerequisite: STAT 151, SCI 151 or equivalent. Pre- or corequisite: MGTSC 312, ACCTG 300 or 311.


FIN 412 - Investment Principles View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course examines securities and securities markets with emphasis on stocks and bonds. Topics include information, interest rates, risk-return relationships, efficient markets, diversification, portfolio performance measurement, and the application of financial theory to investment decisions. Prerequisite: FIN 301 and MGTSC 312. Students may not receive credit for both FIN 412 and ECON 442.


FIN 413 - Risk Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course examines the markets and valuation models for options and future contracts, and their application to hedging and the valuation of the other financial contracts. Prerequisite: FIN 301.


FIN 414 - Operation of Financial Institutions View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Well-functioning capital markets are essential for economic growth. The allocation of scarce resources requires accurate prices and this includes accurate prices for investment capital (i.e., the cost of capital). This course examines the roles played by various financial intermediaries as they engage in activities that enhance the functionality of capital markets, the risks faced as they do so, and the ways that these risks are managed. At the end of this course you should understand the economic role of financial intermediaries in general, the risks faced by specific types of financial intermediaries as they fulfill their roles, and techniques for measuring and managing the risks. Success in this course requires a sound grasp of business fundamentals, critical thinking and problem solving, communication skills, and the application of quantitative methods. Prerequisite: FIN 301. Students may not receive credit for both FIN 414 and ECON 341.


FIN 415 - Trading and Financial Markets View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course will discuss the functioning of global financial markets and trading and price determination in these markets. Topics covered will include order submission and trading strategies, market structure, transaction cost and liquidity measurement, price formation, and technical analysis. The lectures will draw on academic and practitioner research as well as information from financial markets. Prerequisites: FIN 301, FIN 412, MGTSC 312.


FIN 416 - Advanced Portfolio Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Recent theoretical and empirical developments in portfolio management are covered with an emphasis on investment strategy and the evaluation of investment performance. A student project makes extensive use of microcomputing, spreadsheets and financial market data. Prerequisite: FIN 301, 412.


FIN 418 - Fixed Income View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The valuation and management of interest-rate contracts. The main focus is on the behaviour of bond portfolios and related risk-management techniques. The institutional features of North American fixed-income markets complete the course. Prerequisites: FIN 301, 412.


FIN 422 - Capital Investment View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Capital budgeting and the determination of the cost of capital to the firm. Prerequisite: FIN 301 and MGTSC 312.


FIN 430 - Corporate Financial Planning View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Advanced discussion of valuation and financial policies. Prerequisites: FIN 301, 412, and 422.


FIN 434 - Advanced Corporate Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course covers selected advanced topics in corporate finance, including corporate governance, mergers and acquisitions, capital structure, financial history, behavioral finance, and comparative financial system. The frontiers between finance and economics, history, political science, and psychology are explored. Topics may vary from year to year in response to current events. Prerequisite: FIN 301 and MGTSC 312.


FIN 436 - Investment Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course provides students with experience managing an institutional asset portfolio, the PRIME FUND. Students interact with investment professionals in making asset acquisition and divesture decisions within the institutional framework of the fund. This course draws on and unifies skills related to investment analysis and portfolio theory. It combines traditional academic objectives with the practical demands of hands-on investment analysis and portfolio management. The students learn by actually using the tools of the trade. These include printed materials, real-time computerized sources of information and, most importantly, access to practising analysts and managers. Students also learn about the differences between institutional and personal investment decisions, the mechanics of trading, the different providers of trading services, and cash management. Prerequisites: FIN 412, 416. Open only to students with the consent of the Department.


FIN 442 - International Financial Markets View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

An overview of the international financial environment and the financial function in the multinational corporation. Its purpose is to provide decision-making skills in international money and capital markets. Prerequisite: FIN 301.


FIN 480 - Honours Essay in Finance View Available Classes

★ 3 (fi 6)(SECOND, 3-0-0)

Preparation of the honours essay required for students in the Finance Honours program. Prerequisite: consent of the Department.


FIN 488 - Selected Topics in Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Normally restricted to third- and fourth-year Business students. Prerequisites: FIN 301 or consent of Department. Additional prerequisites may be required.


FIN 495 - Individual Research Project I View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special study for advanced undergraduates. Prerequisites: consent of Instructor and Assistant Dean, Undergraduate Program.


FIN 496 - Individual Research Project II View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special Study for advanced undergraduates. Prerequisites: FIN 495, consent of Instructor and Assistant Dean, Undergraduate Program.


FIN 497 - Individual Research Project III View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Special Study for advanced undergraduates. Prerequisites: FIN 496, consent of the Instructor and Assistant Dean, Undergraduate Program.


FIN 501 - Managerial Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Fundamental concepts in asset valuation are discussed within the context of simple asset pricing models and efficient financial markets. This course introduces the valuation of financial assets such as bonds and stocks. Further topics include the issuing of financial securities, leverage, dividend policy, cash management, and derivative securities. Credit will not be given for FIN 501 when FIN 503 has been completed. Prerequisites: ACCTG 501, BUEC 503, and MGTSC 501.


FIN 502 - Introduction to Financial Valuation View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Fundamental concepts in asset valuation are discussed in the context of simple asset pricing models. This course introduces the valuation of financial assets such as bonds and stocks. The concept of Net Present Value in capital investments is also introduced, along with basic financial planning. Other topics include an introduction to Markowitz diversification, the Capital Asset Pricing Model, and basic cost of capital estimation. Not open to students who have completed FIN 501. Corequisites: ACCTG 501, BUEC 503, MGTSC 501. FIN 502 must be taken as part of a FIN 502, FIN 503 sequence.


FIN 503 - Introduction to Corporate Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Fundamental concepts in the modern theory of corporate finance are discussed. This course introduces dividend policy, capital structure, cost of capital and its relation to leverage, and an advanced treatment of capital investments. An introduction to derivatives payoffs and valuation concludes the course. Not open to students who have completed FIN 501. Prerequisite: FIN 502.


FIN 604 - The Practice of Investment Banking View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course is concerned with the organization, evolution and structure of, and functions performed by, investment banks. Specifically, the course will cover topics such as the offering of securities to the public, the underwriting process, normal course and short form prospectus offerings, and private placements. In addition, exchange listings, maintaining exchange trading status, the role of research analysts and insider trading regulation will be studied. Co-requisite: FIN 501 or FIN 503.


FIN 614 - Investments View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course is concerned with investment in stocks, bonds and other financial assets. Topics include, but are not limited to, interest rates, risk-return relationships, investment valuation, and market information and efficiency. Co-requisite: FIN 501 or FIN 503.


FIN 615 - Trading and Financial Markets View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course will discuss the functioning of global financial markets and trading and price determination in these markets. Topics covered will include order submission and trading strategies, market structure, transaction cost and liquidity measurement, price formation, and technical analysis. The lectures will draw on academic and practitioner research as well as information from financial markets. Prerequisite: FIN 501 or FIN 503. It is recommended the student have credit in FIN 614.


FIN 616 - Securities Markets and Financial Intermediation View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Well-functioning capital markets are essential for economic growth. The allocation of scarce resources requires accurate prices and this includes accurate prices for investment capital (i.e. the cost of capital). This course examines the roles played by various financial intermediaries as they engage in activities that enhance the functionality of capital markets, the risks faced as they do so, and the ways that these risks are managed. At the end of this course you should understand the economic role of financial intermediaries in general, the risks faced by specific types of financial intermediaries as they fulfill their roles, and techniques for measuring and managing these risks. Success in this course requires a sound grasp of business fundamentals, critical thinking and problem solving, communication skills, and the application of quantitative methods. Prerequisite: FIN 501 or 503.


FIN 618 - Fixed Income View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course covers markets for interest rate-paying securities. The valuation of such securities will be covered, as will tools and techniques for the management of interest rate risk. This will include a discussion of the pricing and uses of various interest rate derivative securities, such as swaps, options on swaps (swaptions), futures, and forward rate agreements. Further, aspects of the underwriting process, of interest to potential issuers of such securities, will be discussed. Prerequisite: FIN 601 or FIN 501 or FIN 503.


FIN 625 - Finance in Professional Accounting View Available Classes

★ 4.5 (fi 9)(EITHER, 4.5-0-0)

Intended for students pursuing the CPA designation, this course looks at derivatives, hedging, risk management, financial statement analysis and valuation. Open to students enrolled in the MAcc program only.


FIN 634 - Corporate Financial Planning View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Advanced discussion of asset choice and financial structure. Supplemental case study. Prerequisite: FIN 501 or FIN 503.


FIN 635 - Venture Capital View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Covers the theory and practice of venture capital financing of entrepreneurial firms. Topics to be discussed include, but are not limited to, the following areas: venture capital fundraising (labour-sponsored venture capital corporations, limited partnerships and corporate venture capital) characteristics of entrepreneurial ventures (including agency problems, firm valuation) at different stages of development (seed, start-up, expansion, mezzanine, buyout, turnaround), the structure of venture capital financial contracts (staging, syndication, forms of finance), restrictive covenants, investment duration, and venture capital exits (IPOs, acquisitions, secondary sales, buybacks, write-offs). Prerequisite: FIN 501 or 503.


FIN 644 - International Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The objective of this course is to acquaint students with macro and micro aspects of international finance. At the macro level coverage will include theories of direct investment, the international monetary mechanism, foreign exchange markets, and repercussions from balance of payments difficulties. Micro level materials will include problems of doing business internationally and a survey of public and private foreign and international finance institutions. The final part of the course will review Canada's role in international business. Prerequisite: FIN 501 or 503.


FIN 654 - Risk Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Futures, options, and other derivative securities. Markets, valuation models, application to risk management through hedging, and the application of pricing models to the valuation of financial contracts. Prerequisite: FIN 501 or FIN 503. It is recommended the student have credit in FIN 614.


FIN 673 - Mergers, Restructuring, and Corporate Control View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Financial and economic aspects of corporate mergers, restructuring, downsizing, and bankruptcy are examined. Relations between corporate structure and performance are investigated. Specific attention is paid to the roles of top management and boards of directors. Special issues relating to privatization and restructuring in former socialist economies are studied. Prerequisite: FIN 501 or FIN 503.


FIN 686 - Selected Topics in Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Topics may vary from year to year. Students should check with the MBA Office for pre/corequisites of specific sections.


FIN 701 - Advanced Seminar in Finance I View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Provides an introduction to theoretical and empirical work in asset pricing and market microstructure. Topics covered include market efficiency, time varying expected returns and volatility, tests of asset pricing models, and models and analysis of price formation. Prerequisite: Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.


FIN 702 - Advanced Seminar in Finance II View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Introduces students to theoretical and empirical research in corporate finance. Potential topics include contracting theory, the theory of the firm, corporate governance, capital structure, and dividend policy. Prerequisite: Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.


FIN 703 - Advanced Seminar in Finance III View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Provides advanced mathematical coverage of important topics in finance. Potential topics include continuous-time models of asset pricing and portfolio choice, pricing and hedging of derivative securities, and the applications of contingent claim pricing models to the valuation of real assets and corporate liabilities. Prerequisite: Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.


FIN 704 - Individual Research View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)
There is no available course description.

FIN 705A - Research Seminar in Finance View Available Classes

★ 1.5 (fi 6)(TWO TERM, 3-0-0)

This seminar is a single-term course offered over two terms. Members of the faculty and visiting speakers will often present their research. Advanced students are expected to present original work related to their doctoral theses. Other students will discuss and critique papers on the frontiers of current research. Pre- or corequisites: FIN 701, 702, and 703. Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.


FIN 705B - Research Seminar in Finance View Available Classes

★ 1.5 (fi 6)(TWO TERM, 3-0-0)

This seminar is a single-term course offered over two terms. Members of the faculty and visiting speakers will often present their research. Advanced students are expected to present original work related to their doctoral theses. Other students will discuss and critique papers on the frontiers of current research. Pre- or corequisites: FIN 701, 702, and 703. Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.


FIN 800 - Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Understanding valuation, capital markets, venture capital, international markets, and corporate risk management. Restricted to students registered in the MBA China Program.


FIN 801 - Introduction to Financial Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course will introduce the perspective, required knowledge, skills, and context for the position of Chief Financial Officer. Ethical aspects of business situations and relationships will also be addressed. Restricted to students registered in the MFM Program.


FIN 802 - Financial Analysis and Decision Making View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Understanding cash flow analysis, short-term financing, pro formas, the assessment of financial performance, ratio analysis and the role of financial intermediaries. Restricted to students registered in the MBA China Program.


FIN 804 - China Investment Banking View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course is concerned with the organization, evolution and structure of, and functions performed by, investment banks. Specifically, the course will cover topics such as the offering of securities to the public, the underwriting process, normal course and short form prospectus offerings, and private placements. In addition, exchange listings, maintaining exchange trading status, the role of research analysts and insider trading regulation will be studied. Restricted to students registered in the MFM Program.


FIN 806 - Investments View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course is concerned with investment in stocks, bonds and other financial assets. Topics include, but are not limited to, interest rates, risk-return relationships, investment valuation, and market information and efficiency. Restricted to students registered in the MFM Program.


FIN 807 - Corporate Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Advanced discussion of asset choice and financial structure. Supplemental case study. Restricted to students registered in the MFM Program.


FIN 808 - Risk Management View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Futures, options, and other derivative securities. Markets, valuation models, application to risk management through hedging, and the application of pricing models to the valuation of financial contracts. Restricted to students registered in the MFM Program.


FIN 809 - Mergers and Acquisitions View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Financial and economic aspects of corporate mergers, restructuring, downsizing, and bankruptcy are examined. Relations between corporate structure and performance are investigated. Specific attention is paid to the roles of top management and boards of directors. Special issues relating to privatization and restructuring in former socialist economies are studied. Restricted to students registered in the MFM Program.


FIN 815 - Financial Analysis and Decision Making View Available Classes

★ 3 (fi 32)(EITHER, 1 WEEK)

A week-long intensive course. Understanding cash flow analysis, short-term financing, pro formas, the assessment of financial performance, ratio analysis and the role of financial intermediaries. Restricted to Executive MBA students only.


FIN 818 - Fixed Income View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

This course covers markets for interest rate-paying securities. The valuation of such securities will be covered, as will tools and techniques for the management of interest rate risk. This will include a discussion of the pricing and uses of various interest rate derivative securities, such as swaps, options on swaps (swaptions), futures, and forward rate agreements. Further, aspects of the underwriting process, of interest to potential issuers of such securities, will be discussed. Restricted to students registered in the MFM Program.


FIN 830 - Finance View Available Classes

★ 3 (fi 32)(EITHER, 3-0-0)

Understanding valuation, capital markets, venture capital, international markets, and corporate risk management. Restricted to Executive MBA students only.


FIN 866 - International Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

The objective of this course is to acquaint students with macro and micro aspects of international finance. At the macro level coverage will include theories of direct investment, the international monetary mechanism, foreign exchange markets, and repercussions from balance of payments difficulties. Micro level materials will include problems of doing business internationally and a survey of public and private foreign and international finance institutions. The final part of the course will review Canada's role in international business. Restricted to students registered in the MFM Program.


FIN 886 - History of Finance View Available Classes

★ 3 (fi 6)(EITHER, 3-0-0)

Financial market and institutional development are covered from a historical perspective. Asset pricing anomalies and bubbles are also examined. Restricted to students registered in the MFM Program.


FIN 888 - Strategic Financial Management View Available Classes

★ 6 (fi 12)(VAR, 3-0-0)

Combination of comprehensive global financial management cases from the CFO perspective and presentations and discussions on current financial management topics including lectures from CFOs and others with significant expertise in global financial market and institutions. Prerequisites: FIN 806 and FIN 808. Restricted to students registered in the MFM Program.