Investment Management Courses (Graduate Diploma, MBA and MIM)
Description:
This course explores both micro-and macro-economics by using case studies and demonstrates the use of economic theories to contemporary situations. Topics include supply and demand, income distribution, differing market structures, interest rates, unemployment, inflation, business cycles, monetary and fiscal policy, economic growth, international trade and currency exchange rates. Students learn to compute equilibria output and pricing for various market structures and identify and assess the impact of deadweight losses in a competitive economy.Component(s):
Lecture; Blended Learning (BL)Notes:
Students who have taken DIM 610, MIM 610, or IMBA 610 may not take this course for credit.
Description:
This course will examine the fundamental financial statements and the impact of different accounting principles on those statements. The course will examine the treatment of such items as income taxes, inventories, depreciation, and leases from the perspective of the investment analyst. International differences in accounting standards will also be examined.Component(s):
LectureNotes:
Students who have taken DIM 611, MIM 611, or IMBA 611 may not take this course for credit.
Description:
This course will examine the efficient markets hypothesis and introduce the classic asset pricing models (domestic and international). The key elements of the theory and practice of the portfolio management process, including investment policy, asset allocation, and client relations will be examined in the domestic and international context.Component(s):
LectureNotes:
Students who have taken DIM 613, MIM 613, or IMBA 613 may not take this course for credit.
Description:
This course will examine security (equity and fixed income) risk and valuation (for companies and industries) using alternative methodologies. The characteristics of global financial markets and the implications for security valuation will be examined. The theory and analysis of derivative securities will be introduced.Component(s):
LectureNotes:
Students who have taken DIM 614, MIM 614, or IMBA 614 may not take this course for credit.
Description:
This course will review the material needed for the Level I CFA® exam. Successful completion of this course includes passing the CFA® Level I Exam.Component(s):
LectureDescription:
This course equips students with foundational business analytics skills, emphasizing data interpretation through statistical techniques. Covering topics from business intelligence tools to regression analysis and simulation modeling, the curriculum ensures proficiency in data-driven decision-making across business domains. Students learn to navigate various analytical models, gaining insights for strategic planning. This comprehensive training prepares graduates for real-world challenges, making them adept at making informed business decisions based on robust data analysis.Component(s):
Lecture; Blended Learning (BL)Description:
This module covers the theory and practice of corporate finance with emphasis on concepts such as cash flow, liquidity, leverage, cost of capital, project evaluation, and dividend policy.Component(s):
LectureNotes:
Students who have taken DIM 612, MIM 612, IMBA 612, DIM 617, MIM 617, or IMBA 617 may not take this course for credit.
Description:
This course covers core issues in corporate finance and their implications for financial policy and valuation. Topics include market efficiency, fundamentals of capital budgeting, capital structure decisions and the impact of leverage, theoretical issues in valuation including the role of cash flows and risk, an introduction to elements of corporate financial policy including dividend policy and corporate restructuring, and an introduction to the role of corporate governance in corporate finance. The course also explores introductory applications of some of these topics in the form creating pro forma financial statements and their use in financial modeling.Component(s):
Lecture; Blended Learning (BL)Notes:
Students who have taken MIM 618 or IMBA 618 may not take this course for credit.
Description:
The main goal of this course is to develop a comprehensive understanding of the strategic role of marketing within the firm and within the Canadian context. It covers all aspects of the marketing management process. This course is designed to help develop the necessary skills to analyze market opportunities, research and select target markets, design effective marketing strategies, plan marketing programs, and organize, implement and control the marketing effort. The specificities of the marketing of services and their implications in terms of marketing strategies are emphasized.Component(s):
LectureDescription:
This course focuses on the concepts, methods, and uses of financial statements, for decision making purposes. Students learn to interpret financial statements prepared under the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (US GAAP) frameworks. The students learn how to analyze these financial statements, understanding the basis for, and limitations of, the preparation of these financial statements.Component(s):
Lecture; Blended Learning (BL)Notes:
Students who have taken DIM 620, MIM 620, or IMBA 620 may not take this course for credit.
Prerequisite/Corequisite:
For students enrolled in the Investment Management MIM or Investment Management Option (GIIM) MBA, the following course must be completed previously: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.Description:
This course deals with the risk and return characteristics of debt instruments, term structure of interest rates, valuation of securities with embedded derivative securities or other unique features. The unique features of real estate and private equity investments are also covered.Component(s):
LectureNotes:
Students who have taken DIM 621, MIM 621, or IMBA 621 may not take this course for credit.
Description:
This course examines the theory and use of futures, swaps, and option valuation. Futures pricing using the expectation hypothesis and no-arbitrage are demonstrated. Delta-hedging and no-arbitrage arguments are used to underpin the binomial model and Black-Scholes models. Limits and pricing anomalies, such as the option smile, of these models are discussed. The use of futures and swaps to hedge corporate risks is explored. Students learn to use models to identify mispriced derivative securities and list caveats and conditions to model driven trades. The use of partial derivatives of option prices (the Greeks) to modify investment decisions is explored.Component(s):
Lecture; Blended Learning (BL)Notes:
Students who have taken DIM 622, MIM 622, or IMBA 622 may not take this course for credit.
Prerequisite/Corequisite:
For students enrolled in the Investment Management MIM or Investment Management Option (GIIM) MBA, the following course must be completed previously: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.Component(s):
LectureNotes:
Students who have taken DIM 623, MIM 623, or IMBA 623 may not take this course for credit.
Prerequisite/Corequisite:
For students enrolled in the Investment Management MIM or Investment Management Option (GIIM) MBA, the following course must be completed previously: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.Description:
This course reviews the use of fundamental analysis and other methodologies to generate investment valuations and risk analyses. The impact of special situations on the valuation process and the valuation of equity derivative securities will be examined.Component(s):
LectureNotes:
Students who have taken DIM 624, MIM 624, or IMBA 624 may not take this course for credit.
Prerequisite/Corequisite:
The following courses must be completed previously: GIIM 615, DIM 615, MIM 615 or IMBA 615. Permission of the Program is required to register for this course.Description:
This course will review the material needed for the Level II CFA® exam.Component(s):
LectureDescription:
This course focuses on individual and group behavior and the interactions of behavioural phenomena. Concepts such as motivation, leadership, group behaviour and managing change in organizations are examined. Students acquire an understanding of change processes and skills relating to organizational diagnosis and change.Component(s):
LecturePrerequisite/Corequisite:
The following courses must be completed previously: GIIM 625, DIM 625, MIM 625 or IMBA 625.Description:
This course will examine the estimation of expected returns and risks for asset classes and individual assets, the development of strategies for managing portfolios of domestic and foreign securities (equity, fixed income, real estate, etc.), the management of portfolio risk, and the evaluation of portfolio and manager performance.Component(s):
LectureNotes:
Students who have taken DIM 631, MIM 631, IMBA 631, DIM 632, MIM 632, or IMBA 632 may not take this course for credit.
Prerequisite/Corequisite:
For students enrolled in the Investment Management MIM or Investment Management Option (GIIM) MBA, the following course must be completed previously GIIM 625 or DIM 625 or MIM 625 or IMBA 625.Description:
Investment professionals continually face situations requiring professional and ethical judgment. This course provides a framework to analyze ethical questions to enable individuals and organizations to make sound decisions. Students learn about the societal impact of decisions made by leaders and corporations. There is an examination on the different models and standards of business ethics and corporate social responsibility. The course uses examples of real-life corporate and investment management cases to explore various ethical matters and the appropriate application of the framework along with reference to the CFA Institute Code of Ethics and Standards of Professional Conduct (Code and Standards).Component(s):
Lecture; Blended Learning (BL)Notes:
Students who have taken DIM 633, MIM 633, or IMBA 633 may not take this course for credit.
Prerequisite/Corequisite:
The following course must be completed previously: GIIM 625, DIM 625, MIM 625 or IMBA 625. Permission of the Program is required to register for this course.Description:
This course will review the material needed for the Level III CFA® exam.Component(s):
LectureDescription:
The objective of this course is to introduce students to the current practices in financial modelling and valuation using a spreadsheet software. Students learn how to manipulate financial data and how to perform financial analyses using various analytical tools. Using the skills, students learn how to forecast financial statements and build interactive valuation models for firms. One important aspect of this course is also to introduce students to portfolio modelling, efficient frontiers, and portfolio choice subject to constraints.Component(s):
Lecture; Workshop; Research; Blended Learning (BL)Prerequisite/Corequisite:
The following courses must be completed previously: GIIM 625, DIM 625, MIM 625 or IMBA 625.Description:
This course will cover a description of investments such as hedge funds, real estate and the private equity market.Component(s):
LectureNotes:
Students who have taken DIM 621, MIM 621, IMBA 621, MIM 636, or IMBA 636 may not take this course for credit.
Description:
This course integrates the core functional disciplines of business within a strategic perspective and introduces several strategic management concepts, including industry analysis and dynamics, the organizational resource audit, strategic typologies, the role of the general manager, and the management of strategic transformations. The principal goal is to develop and enhance student ability in problem identification, environmental and organizational analysis, strategic alternative formulation, and action implementation. The pedagogy of the course is based upon comprehensive case studies that deal with strategic issues in a variety of contemporary business contexts.Component(s):
LectureDescription:
In this course, students gain expertise in portfolio management principles, encompassing investment strategy formulation, investment policy establishment, and asset allocation strategies. They assess investment approaches based on their risk-reward dynamics, the advantages of diversifying portfolios, and compensation considerations. Topics covered include setting investment objectives and policies; ethical standards and fiduciary duties; capital markets expectations; diversification and asset allocation; fixed-income, equity and alternative investment portfolio management; risk management; capital markets and securities trading; monitoring and rebalancing; and evaluating portfolio performance.Component(s):
Lecture; Blended Learning (BL)Description:
This course offers an in-depth exploration of how Advanced Technologies such as Artificial Intelligence (AI), Financial Technology (Fintech), and Blockchain Technology revolutionize Investment Management. Covering fundamental AI concepts to advanced Fintech innovations, along with comprehensive insights into blockchain and crypto assets, students engage with the technologies shaping the future of finance.Component(s):
Lecture; Blended Learning (BL)Description:
This course delves into the field of Private Wealth Management and Financial Planning. Students engage in a comprehensive study of wealth management strategies, financial planning, asset allocation, and risk management, ensuring a well-rounded proficiency. The course establishes the foundational elements of private wealth management, and also addresses the unique financial behaviours and needs of high-net-worth clients. Emphasis is placed on developing tailored financial plans, strategic investment approaches, and understanding the critical aspects of tax planning and estate management. The course also covers legal and ethical considerations in wealth management, ensuring students are aware of the necessary regulatory standards and ethical practices. The integration of real-world applications is achieved through case studies, guest speakers, and a Financial Planning Project, providing students with hands-on experience in the field.Component(s):
Lecture; Blended Learning (BL)Prerequisite/Corequisite:
The following courses must be completed previously: GIIM 625, DIM 625, MIM 625 or IMBA 625.Description:
This course will concentrate heavily on portfolio risk management issues. Topics such as the effect of cash drag, the use of equity and debt derivatives to manage risk and the uses and abuses of value at risk (VAR) will be explored. Other topics include equity style and its importance index funds and relevant criteria for the selection of investment managers.Component(s):
LectureNotes:
Students who have taken MIM 653 or IMBA 653 may not take this course for credit.
Prerequisite/Corequisite:
The following courses must be completed previously: GIIM 625, DIM 625, MIM 625 or IMBA 625.
Description:
This course begins with a discussion of exchange rates and to what extent economic factors and market sentiment are important in the determination of these rates. Issues of importance that international investors face will be examined along with the benefits of international diversification. The course will conclude with the analysis of issues relevant to emerging markets and factors that would influence the construction of a portfolio that may include an emerging market component.Component(s):
LectureNotes:
Students who have taken MIM 654 or IMBA 654 may not take this course for credit.
Description:
This course integrates Environmental, Social, and Governance (ESG) factors into investment decision-making. Students gain a strong foundation in sustainable investment principles, assess the financial implications of sustainable strategies, and apply these concepts to portfolio management. The course blends theoretical learning with practical case studies and industry trends, providing an overview of sustainable practices across various asset classes.Component(s):
Lecture; Blended Learning (BL)Description:
This course offers an introductory overview of the commercial real estate industry. It discusses different real estate vocations, provides an overview of the real estate investment process, and introduces different ownership forms including real estate investment trusts. It explores the basic financial concepts used in real estate investment such as, commercial lease types and the calculation of rent, the four primary valuation approaches, real estate financing through mortgages and the financial metrics used by investors to make real estate investment decisions.Component(s):
Lecture; Blended Learning (BL)Prerequisite/Corequisite:
Permission of the Graduate Program Director is required.Component(s):
LectureNotes:
- When offered, this course may substitute a GIIM required core course.
Prerequisite/Corequisite:
Permission of the Graduate Program Director is required.Description:
As machine learning accelerates and investment in artificial intelligence intensifies, students who embark on a career in the investment management industry must marry their hard skills with the softer side of business. This course helps students develop the necessary skills deemed by the global business community to be essential. Topics focus on the development of interpersonal relationships, adapting to continuously changing environments, persuasive communication, innovative thinking and collaboration. The latter requires a big shift in mentality as moving away from star culture to one that recognizes collective efforts demands new ways of thinking and working.Component(s):
WorkshopNotes:
- This course is evaluated on a pass/fail basis.
- With the approval of the Graduate
Program Director, this course may substitute up to six credits of GIIM required core
courses.
Prerequisite/Corequisite:
Permission of the Graduate Program Director is required.Description:
The course focuses on endowing students with applied investment management skills by covering current relevant topics and critical skills needed for successful careers in capital markets. The course starts with an overview of essential skills for investment management. These include financial modelling and forecasting, writing buy-side and sellside research reports, navigating financial databases, and the essentials of client reporting. Next, the course dives into some of the emerging themes in the industry such as the rise of fintech and the evolution of fiduciary duty. The course emphasizes the increasingly prominent role of compliance and risk management divisions within financial institutions as the world deals with the implications of climate change and the cybersecurity threats. Within that context, the course focuses on the growing importance of investment stewardship and stakeholder engagement skills for both asset owners and asset managers.Component(s):
WorkshopNotes:
- This course is evaluated on a pass/fail basis.
- With the approval of the Graduate Program Director, this course may substitute up to six credits of GIIM required core
courses.