Faculty Notes

1. Upper Level Commerce courses are not open to Business I students.
   COMMERCE 1AA3
     and
   1BA3
     are not open to Business I students who entered prior to September 2014.
2. The Commerce courses for the Business Minor are open to students registered in any four- or five-level McMaster degree program. For these students, enrolment will be limited to 40 spaces per course on a first-come, first-served basis in the following courses: COMMERCE 2AB3 , 2BC3  (or 3BC3) 2FA3 , 2MA3 , 2KA3 , 2QA3 , 3FA3 , 3MC3 . Please note that all prerequisites for these courses must also be satisfied. Students registered in a McMaster Commerce, Engineering Management or Labour Studies program (where applicable) will be guaranteed enrolment in these courses. See Minor in Business in the Faculty of Business section of this Calendar. Students taking COMMERCE 2FA3 , 2MA3  as Business Minor courses will also be required to have obtained a minimum grade of B- in ECON 1B03  as a prerequisite; or completion of ECON 2G03, 2X03 , or 
   ARTSSCI 2E03
     with a minimum grade of B- as a prerequisite.
3. The Commerce courses for the Minor in Finance, the Minor in Accounting and Financial Management Services and the Minor in Information Systems are open to students admitted to the Minor. Please take note that all prerequisites for these courses must also be satisfied. Students taking the Minor in Accounting and Financial Management Services or the Minor in Finance will also be required to have obtained an average of at least 7.0 in ECON 1B03  and 1BB3  as a prerequisite.
4. Graduates of McMaster’s Commerce programs or one of the Engineering and Management programs may take, as part-time students, Level III and IV Commerce courses (not previously taken, to a maximum of 18 units), space permitting excluding COMMERCE 4AG3 *, 4AH3 *, 4AJ3 *, with the permission of the Academic Programs Office (See the Admission Requirements section of this Calendar under the heading Continuing Students).
   *These courses are available as BUS&COM 500, BUS&COM 501, BUS&COM 503, through the School of Business, subject to sufficient enrolments and availability of qualified instructors.
   Other than those graduates specified above, Commerce courses are not open to Continuing Students.
5. Level II and Level III Commerce courses are generally scheduled for three one-hour lectures per week; one term. Level IV Commerce courses are generally scheduled for two lectures per week (a two-hour lecture and a one-hour lecture), or, one three-hour lecture per week; one term.
6. Level IV Commerce requirements: the six units of Level III or IV Commerce courses noted in the School of Business section of this Calendar can only be taken by Level IV Commerce students in their final year.
7. COMMERCE 2SB3  is not a mandatory non-Commerce elective for the Commerce programs.
8. Note Regarding COMMERCE 4EL3: Students who have been granted Faculty permission to take COMMERCE 4EL3  in Level III Commerce will have this course applied against the program requirements for Level IV Commerce as three of the six required units of Level III or IV Commerce courses. See the DeGroote School of Business (Faculty of Business) program requirements section of this calendar.