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Below is a list of some courses, including a brief description, that you may find yourself taking during your first year of this program. For formal policies governing mandatory courses and the order in which they have to be taken, please refer to McMaster’s Undergraduate Calendar.

 

Some Courses You May Take

This course provides students with information and activities to facilitate their successful transition to university and success in the Business Program. Students will gain knowledge of the academic regulations, strategies for success, and the services available to them within the university.
Lectures (three hours)
Prerequisite(s): Registration in Business I
This is an introduction to the basic principles and practices of financial accounting, which includes an examination of income measurement and asset and liability valuation, to provide an understanding of financial accounting information and the ethics of financial reporting.
Lectures (three hours)
Antirequisite(s): COMMERCE 2AA3
The central objective of this course is to develop an understanding of human behaviour in organizations with a view toward effective management of such behaviour.
Lectures (three hours)
Antirequisite(s): COMMERCE 2BA3
This course will examine the relationship between business organizations, their functional areas and the environments - social, political, legal, regulatory and technological - that affect them.
Lectures (two hours), tutorial (one hour)
Prerequisite(s): Registration in Business I
An introduction to the method and theory of microeconomics, and their application to the analysis of contemporary economic problems.
In-class and online; one term
Antirequisite(s): ARTSSCI 2E03
ECON 1B03 and ECON 1BB3 can be taken in either order or concurrently.
An introduction to the method and theory of macroeconomics, and their application to the analysis of contemporary economic problems.
In-class and online; one tutorial; one term
Antirequisite(s): ARTSSCI 2E03
ECON 1B03 and 1BB3 can be taken in either order or concurrently.
For students in science: geared towards applications, with attention to underlying concepts. Functions: limits, continuity, derivatives, optimization, curve sketching. Antiderivative, definite integral, techniques of integration.
Three lectures, one tutorial; one term
Prerequisite(s): Grade 12 Calculus and Vectors U or MATH 1F03
Antirequisite(s): ARTSSCI 1D06 A/B, MATH 1LS3, 1N03, 1X03, 1Z04, 1ZA3
Not open to students who have achieved a grade of at least B- in MATH 1M03. Not open to students in Mathematics and Statistics I or an Engineering program or with credit or registration in ISCI 1A24 A/B.
Topics from differential and integral calculus, differential equations, discrete-time dynamical systems, chosen for their relevance to the life sciences.
Three lectures, one tutorial; one term
Prerequisite(s): Grade 12 Calculus and Vectors U or MATH 1F03
Antirequisite(s): MATH 1A03
Not open to students with credit or registration in ARTSSCI 1D06 A/B, ISCI 1A24 A/B, MATH 1M03, 1N03, 1X03, 1Z04, 1ZA3.
Integral calculus of polynomial, rational, exponential and logarithmic functions. Optimization problems. Applications in the Social Sciences and Business.
Three lectures, one tutorial; one term
Prerequisite(s): One of Grade 12 Calculus and Vectors U, MATH 1F03 or a grade of at least B- in MATH 1K03
Students considering upper year mathematics courses should take MATH 1A03. Not open to students with credit or registration in ARTSSCI 1D06 A/B, ISCI 1A24 A/B, MATH 1A03, 1LS3, 1N03, 1X03, 1Z04, 1ZA3.
A first course in the techniques of the differential calculus including exponential, logarithmic and trigonometric functions. An introduction to vector geometry.
Three lectures, one tutorial; one term
Prerequisite(s): Grade 12 Advanced Functions U or MATH 1K03
Not open to students with credit in Grade 12 Calculus and Vectors U.
The algebra of probability, conditional probability and independence, discrete and continuous random variables, mean and variance, matrices, determinants, Cramer's rule, solution of linear equations.
Three lectures, one tutorial; one term
Prerequisite(s): OSS Grade 11 Mathematics
Not open to students with credit in Grade 12 Mathematics of Data Management U or STATS 1CC3, 2B03, 2D03, 2MA3, 2MB3. Not open to students registered in the Faculty of Science or Faculty of Engineering.

Accounting: a balanced and integrated view of all areas of accounting including management and cost accounting as well as auditing, taxation and the preparation and analysis of financial statements.

Finance: covers both the theory and practice of business finance. You will be exposed to various financial instruments and institutions, various types of options and futures, money market instruments, international currency, corporate valuation and over-the-counter securities.

Human Resource Management: provides opportunities for intensive study of the fundamental and current issues in human capital management and labour relations. You will acquire specific skills in personnel recruitment, selection and training, compensation administration, collective bargaining, dispute settlement, and organizational development.

Information Systems: the knowledge and expertise needed to acquire, design, develop and manage information systems, services and technology. You will acquire analytical techniques that will be vital to the success of knowledge-based organizations.

Marketing: a thorough understanding of the current theory and practices of business and consumer marketing. You will be exposed to pricing, advertising, distribution, promotion, sales, business development, consumer behaviour, new product development and much more.

Operations Management: You will acquire skills on how to manage and design service and manufacturing operations. Focusing on operations management provides you with training in subjects such as supply chain management, quality management, transportation and purchasing. Selected operations courses would also make it easy for you to obtain SAP certifications and the Supply Chain Management Professional (SCMP) designation.

 

Careers or Options Beyond This Program

  • account representative
  • advertising associate
  • brand management consultant
  • communications coordinator
  • entrepreneur
  • financial analyst
  • human resources associate
  • marketing analyst / specialist
  • operations analyst
  • portfolio manager
  • product manager
  • project specialist / coordinator
  • staff accountant
  • stock / bond trader
  • strategic planner
  • systems analyst

Some Courses You May Take

An introduction to concepts underlying the use of cost accounting information for managerial planning and control and for inventory valuation. The nature and analysis of costs and the usefulness and limitations of accounting data for decision-making, including ethical considerations, will be discussed.
Lectures (two hours), tutorial (one hour)
Prerequisite(s): COMMERCE 1AA3 (or 2AA3) and registration in any Commerce, Engineering and Management, Honours Business Informatics or four or five-level non-Commerce program.
This course builds on COMMERCE 1BA3 (or 2BA3), focusing on human resource management and labour relations issues and practices from a general management education perspective.
Lectures (three hours)
Prerequisite(s): COMMERCE 1BA3 (or 2BA3); and registration in any Commerce, Engineering and Management, Honours Business Informatics, Labour Studies, or four or five-level non- Commerce program.
This course introduces the main instruments and institutions in the Canadian financial system. The basic concepts and models of modern financial theory are introduced through lectures and 'hands-on' problem solving. Topics include: the time value of money, capital budgeting, the trade-off between risk and return and security valuation.
Lectures (two hours), tutorial (one hour)
Prerequisite(s): COMMERCE 1AA3 (or 2AA3); ECON 1B03; one of MATH 1A03, 1LS3, 1M03, 1N03, 1X03, 1ZA3 or 1Z04; registration in any Commerce, Engineering and Management, Honours Business Informatics, or Honours Actuarial and Financial Mathematics, or four or five-level non-Commerce program. Students in a four- or five-level non-Commerce program must have at least B- in one of ARTSSCI 2E03, ECON 1B03, ECON 2G03, 2X03.
Antirequisite(s): Not open to students with credit or registration in ECON 2I03.
This course emphasizes the strategic role of information systems in modern business. Topics include: the technical foundations of information systems, the impact of information systems on business operations and decision-making and the processes that are required for successful implementation of business information systems.
Lectures (three hours)
Prerequisite(s): Registration in any Commerce or four or five-level non-Commerce program or non- Engineering and Management program.
This course introduces the conceptual underpinnings and operational facets of marketing with a primarily consumer (as opposed to industrial) focus.
Lectures (three hours)
Prerequisite(s): ECON 1B03 and registration in any Commerce, Engineering and Management or Honours Business Informatics program; or a grade of at least B- in one of ARTSSCI 2E03, ECON 1B03, 2G03, 2X03, and registration in any four or five-level non-Commerce program.
The course will cover both manufacturing and service operations topics at the strategic, tactical and operational levels. Topics include capacity planning, layout of facilities, forecasting, aggregate planning, scheduling, inventory control, purchasing, supply chains and quality control. Emphasis will also be placed on process improvement and project management. The course will look at supply chain issues related to globalization and sustainability including environmental and social issues.
Lectures (three hours)
Prerequisite(s): COMMERCE 2QA3 and registration in any Commerce program or four or five level non-Commerce program.
Antirequisite(s): COMMERCE 3QC3, 4QA3, MECHENG 4C03.
This course is not open to students in any Engineering and Management program.
An introduction to the application of statistical analysis in managerial decision-making. The concepts of statistical analysis are applied to a variety of topics, including decision-making, estimation by sampling, hypothesis testing, analysis of variance, simple linear and multiple regression and forecasting.
Lectures (three hours), tutorial (one hour)
Prerequisite(s): Finite Math (or Mathematics of Data Management U or equivalent) or STATS 1L03; and registration in any Commerce, Engineering and Management or four or five-level non-Commerce program.
Antirequisite(s): ARTSSCI 2R03, ECON 2B03 ELECENG 3TQ4, ENGPHYS 3W04, HTH SCI 1F03, HTHSCI 2A03, NURSING 2R03, SOCSCI 2J03, STATS 1CC3, STATS 2B03, STATS 2MB3, STATS 3J04, 3N03, STATS 3Y03.
Not open to students with credit or enrolment in both EENGPHYS 3W04 and MATH 3D03.
This course examines various aspects of the financial management of the firm including the sources and methods of financing, capital structure, dividend policy, leasing, mergers and acquisitions, working capital management, effects of taxation on financial decisions and international aspects of finance.
Lectures (three hours)
Prerequisite(s): COMMERCE 2FA3 or ECON 2I03; and registration in any Commerce, Engineering and Management, Honours Business Informatics, Honours Actuarial and Financial Mathematics, or four or five-level non-Commerce program.
Builds upon material in COMMERCE 2MA3 but is more applied in nature and covers the 4 P's in greater depth. It also has a heavier industrial and service sector component, and relies more on practical, real world cases. A major field project (student teams working with companies) is a critical part of the course.
Lectures (three hours)
Prerequisite(s): COMMERCE 2MA3  and registration in any Commerce, Engineering and Management or four or five-level non-Commerce program.
This course is a study of analytical approaches that assist managerial decision-making; it provides coverage of decision theory and an introduction to optimization methods, computer simulation and the general approach of management science.
Lectures (three hours)
Prerequisite(s): COMMERCE 2QA3 and registration in any Commerce program; or one of ELECENG 3TQ4, STATS 2MB3, STATS 3J04, STATS 3N03, STATS 3Y03, ENGPHYS 3W04 and registration in any Engineering and Management program

During the third year of the Commerce Program, students may choose to participate in the Internship Program. Preparation begins with a career development course, Commerce 3IN0. This workshop-based, non-credit course is mandatory for any student wishing to compete for internship opportunities and is designed to ensure that students are ready for the job selection process.

Successful candidates (pre-requisites must be met) will elect to embark on a period of employment, after completion of third-year, for a period of 12 or 16 months. Unlike traditional co-op programs, interns will be employed with the same company for the duration of their internship.

The current average salary for interns is approximately $39,000 per year. There is an impressive list of companies who have partnered with the DeGroote School of Business to offer internship opportunities for business students:

  • Canada Revenue Agency
  • GE Canada
  • Ford Canada
  • Hydro One
  • KPMG LLP
  • Loblaw
  • New Balance
  • TD Commercial Banking
Time Monday Tuesday Wednesday Thursday Friday
8:30 a.m.
9:30 a.m.
MATH 1F03

Calculus (Lecture)

MATH 1F03

Calculus (Lecture)

10:30 a.m.
COMPSCI 1BA3

Computer Science (Lecture)  

COMPSCI 1BA3

Computer Science (Lecture)

COMPSCI 1BA3

Computer Science (Lecture)

11:30 a.m.
ECON 1B03

Microeconomics (Lecture)

ECON 1B03

Microeconomics (Lecture)

MATH 1F03

Calculus (Tutorial)

ECON 1B03

Microeconomics (Lecture)

12:30 p.m.
1:30 p.m.
COMMERCE 1BA3

Organizational Behaviour (Lecture)

COMMERCE 1BA3

Organizational Behaviour (Lecture)

COMMERCE 1BA3

Organizational Behaviour (Lecture)

2:30 p.m.
PSYCH 1X03

Psychology (Lecture)

PSYCH 1X03

Psychology (Lecture)

PSYCH 1X03

Psychology (Tutorial)

3:30 p.m.
4:30 p.m.
5:30 p.m.

Allen H. Gould Trading Floor
One of the first such facilities in North America, and one of only 30 in the world, the Allen H. Gould Trading Floor is a state-of-the-art educational tool that enables students to experience the relationships and interactions of the financial markets.

The Trading Floor is an essential component of the finance focus and represents an astounding opportunity for students who wish to pursue a career in the financial services industry, it features:

  • 21 computer terminals each with two flat screen monitors (served by Reuters’ latest Kobra information technology).
  • three Trans-Lux display boards real-time data feeds from all Canadian exchanges, Chicago Board of Trade and the NYSE
  • two Bloomberg terminals
  • a unique Trader-in-Residence program offering mentors from the financial community

Profiles & Alumni


DeGroote School of Business: Education with Purpose