Nov 25, 2024

Undergraduate Calendar 2014-2015 (Fall/Winter)

Undergraduate Calendar 2014-2015 (Fall/Winter) [-ARCHIVED CALENDAR-]

Honours Actuarial and Financial Mathematics Co-op (B.Sc.)

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Admission

Enrolment in this program is limited. Selection is based on academic achievement and an interview but requires, as a minimum, submission of the on-line application by the stated deadline, and completion of Level II Honours Actuarial and Financial Mathematics with a Cumulative Average of at least 6.0.

Program Notes

Students are required to take three units of either STATS 4A03 or COMMERCE 3FA3 . However, COMMERCE 3FA3 is not usually available in the winter term, but would have to be taken in the fall or in the spring/summer.
Students interested in focusing on ﬁnancial mathematics are strongly encouraged to take MATH 3A03 and one of COMP SCI 1MD3 , MATH 2T03 , 3Q03 .
Students who have taken ECON 1B03 in Level I should take COMMERCE 1AA3 (or 2AA3) and COMMERCE 2FA3 in second year, to enable completion of COMMERCE 3FA3 in a fall term of Level III or IV.
Alternatives for meeting the requirement of three units of STATS 4A03 or COMMERCE 3FA3 would include distance learning courses accredited by the actuarial agencies for fulfillment of either the Applied Statistical Methods VEE, or the Corporate Finance VEE, respectively. Students considering this alternative must speak with a faculty advisor from the Department of Mathematics and Statistics.

Course List

COMMERCE 2AB3 - Managerial Accounting I
COMMERCE 4FP4
COMMERCE 4FW3 - Finance for Entrepreneurs
ECON 2G03 - Intermediate Microeconomics I
ECON 2GG3 - Intermediate Microeconomics II
ECON 2H03 - Intermediate Macroeconomics I
ECON 2HH3 - Intermediate Macroeconomics II
All Level III and IV Mathematics or Statistics courses

Requirements

120 units total (Levels I to IV), of which no more than 48 units may be Level I

Level I: 30 Units

Completed prior to admission to the program

Level II: 30 Units

30 units

Completion of Level II Honours Actuarial and Financial Mathematics

1 course

SCIENCE 2C00 - Skills for Career Success in Science

Level III

Consists of Academic Term 1 (Fall) and completion of the ﬁrst eight-month work term, Term 2 (Winter) and Summer Term

Term 1 (Fall): 15 units:

9 units

0-3 units

COMMERCE 1AA3 - Financial Accounting I (or 2AA3) if not completed in Level II (See Program Note 3 above.)

3-6 units

Electives

1 course

SCIENCE 2C00 - Skills for Career Success in Science (if not already completed)

Term 2 (Winter) and Summer:

Work Term

Level IV

Consists of Academic Term 1 (Fall) and Academic Term 2 (Winter) and the ﬁrst half of the second eight-month work term, Summer Term

Terms 1 and 2 (Fall and Winter): 30 units:

6 units

3 units

COMMERCE 2FA3 - Introduction to Finance

9 units

from

Course List (See Program Note 2 above.)

12 units

Electives

Summer:

Work Term

Level V

Consists of completion of the second half of the second eight-month work term, Term 1 and Academic Term 2 (Winter)

Term 1 (Fall):

Work Term

Term 2 (Winter): 15 units:

3 units

MATH 4FM3 - Financial Markets and Derivatives

3 units

from

3 units

from

Course List (See Program Note 2 above.)

6 units

Electives

Co-op Program Chart

	SEP, OCT, NOV, DEC	JAN, FEB, MAR, APR,	MAY, JUN, JUL ,AUG
	Term 1	Term 2	Summer Term
Level III	15 units from Academic Level III + SCIENCE 2C00 if not completed	Work Term
	Term 1	Term 2	Summer Term
Level IV	15 units from Academic Levels III, IV	15 units from Academic Levels III, IV	Work Term
	Term 1	Term 2	Summer Term
Level V	Work Term	15 units from Academic Level IV