Investment Management Courses (Graduate Diploma, MBA and MIM)

Description: This course will examine the theoretical basis and investment implications of macroeconomic and microeconomic principles, including the key components of economic activity, industrial organization, macro theory and policy, international trade, and exchange rates.

Component(s): Lecture

• 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): Lecture

• 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): Lecture

• 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): Lecture

• 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): Lecture

Description: This course will examine the nature of the models used in the valuation and evaluation of investments, the theoretical and practical use of these models, comparison of classical or traditional models based on statistical analysis versus those based on more recent developments.

Component(s): Lecture

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): Lecture

• Students who have taken DIM 612, MIM 612, IMBA 612, DIM 617, MIM 617, or IMBA 617 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 focuses on the application of modern finance theory to corporate decisions. It examines the firm’s investment and financial decisions under various economic and financial conditions. Specific topics include mergers and acquisitions, leverage buyout decisions and dividend and equity management strategies.

Component(s): Lecture

• 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): Lecture

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 examines the analysis and use of financial statements and disclosures in the investment valuation process, as well as the impact of international differences and managerial choice on the financial statements.

Component(s): Lecture

• 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): Lecture

• Students who have taken DIM 621, MIM 621, or IMBA 621 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 focuses on the theory and practice of futures, swaps and option valuation.

Component(s): Lecture

• 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): Lecture

• 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): Lecture

• 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): Lecture

Description: 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): Lecture

Prerequisite/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): Lecture

• 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: This course covers issues regarding the management of investment funds including techniques for the identification and prevention of professional misconduct, and the nature and drafting of compliance procedures. The practice of portfolio management and investment valuation are studied through the use of topical cases.

Component(s): Lecture

• 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): Lecture

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): Lecture

• 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): Lecture

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): Lecture

• 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): Lecture

• Students who have taken MIM 654 or IMBA 654 may not take this course for credit.

Description: The aim of this course is to provide students with a knowledge of socially responsible investment related issues that transcend the modern portfolio theory of Markowitz. Students gain an understanding of sustainable and responsible investment. They also develop the ability to uncover non-traditional risk and return drivers. Relevant case studies and a series of readings are relied upon to provide the basis for the course.

Component(s): Lecture

Prerequisite/Corequisite: Permission of the Graduate Program Director is required.

Component(s): Lecture

• 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): Workshop

• 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): Workshop

• 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.