Business Administration and Economics Undergraduate Programmes

 

Introduction

The primary purpose of the Management and Economics Department is to provide the Officer Cadets of the Royal Military College of Canada with the best possible university-level education in two major fields of the social sciences:  Business Administration and Economics. This education must benefit first and foremost the students themselves and, as a direct consequence, the professional development of the future officers of the Canadian Forces. The quality of this education must be such that upon the completion of the undergraduate degree the doors of every graduate school will be opened to the best of these students.

Business Administration

The study of business administration involves a number of functional areas including accounting, information systems, finance, marketing, operations management and human resource management. These functional areas are developed from a number of basic disciplines. For example, marketing relies on the disciplines of microeconomics, statistics and psychology: finance and operations management rely on mathematics and statistics and human resource management relies on psychology and sociology. The practice of business administration does not take place in a vacuum. Understanding the environmental context and its relationship with a functional area is essential to the development of effective decisions, policies and strategies.

The Business Administration Programme will have a threefold thrust. The programme will provide the student with a basic understanding of certain core disciplines such as quantitative methods, economics and psychology. It will also provide the student with a basic understanding of each of the functional areas such as finance, accounting, human resources and marketing. Finally, it will include courses, which require integration of the functional areas. The overarching goal is to provide the student with a broad, well-grounded education in business administration.

Economics

Economics is the social science that studies how individuals, firms, and governments make choices on allocating scarce resources to satisfy unlimited wants.  Economics is everywhere: from students choosing how much time to allocate to studying versus going to the gym or going out, to governments choosing how to allocate resources to education, health care, or security, all these decisions involve a choice of one or more alternatives given limited resources, such as time and/or money. 

There are two main branches of economics -- microeconomics and macroeconomics. Microeconomics studies the behaviour of individual decision makers such as firms and households. It deals with determination of prices and quantities in individual markets and with the relationship among markets. In contrast, macroeconomics is concerned with the behaviour of the economy as a whole, in particular, with factors such as unemployment, national income, economic growth, inflation and price levels.

Business Administration Programme Requirements

Students from First Year Arts, with at least a D average, may take either the B.A. Honours or B.A. in Business Administration starting in Second Year. The courses required for both the B.A. Honours and B.A. programmes are detailed below.

All 300/400 level courses in business administration are limited to students enrolled in the following programmes:

  • B.A. Honours Business Administration / B.A. Business Administration
  • All Joint Programmess with Business Administration
  • Minor in Business Administration
  • Concentration in Business Administration
  • Certificate in Management with Applications in Defence
  • Bachelor of Military Arts and Science

or with permission of the department.

B.A. Honours Business Administration

A 42 credit programme, including the core courses for arts programmes.

Mandatory Courses

  • BAE202: Financial Accounting
  • BAE208: Management Accounting
  • BAE220: Introduction to Information Technology Footnote1
  • BAE238: Introduction to Strategic Management
  • BAE242: Quantitative Methods I
  • BAE262: Business Analysis and Reporting
  • BAE300: Finance
  • BAE314: Marketing Fundamentals
  • BAE326: Human Resources Management
  • BAE330: Organizational Theory
  • BAE344: Operations Management
  • BAE402: Advanced Strategic Management
  • ECE206: Macroeconomic Theory and Policy I
  • ECE224: Microeconomics I
  • 6 Business Administration credits at the 300/400 level Footnote2

Elective

  • 2 credits

    B.A. Business Administration

    A 40 credit programme, including the core courses for arts programmes.

    Mandatory Courses

    • BAE202: Financial Accounting
    • BAE208: Management Accounting
    • BAE220: Introduction to Information Technology Footnote1
    • BAE238: Introduction to Strategic Management
    • BAE242: Quantitative Methods I
    • BAE262: Business Analysis and Reporting
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resources Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management
    • BAE402: Advanced Strategic Management
    • ECE224: Microeconomics I
    • 5 Business Administration credits at the 300/400 level Footnote2

    Elective

    • 2 credits

    Programme Outlines for Business Administration

    The following is an outline, by year, of a typical programme of study for a B.A. Honours Business Administration or a B.A. Business Aministration that would cover required courses. Actual programmes of study may vary.

    B.A. Honours Business Administration

    Semester Fall
    year 1
    Winter
    year 1
    Fall
    year 2
    Winter
    year 2
    Courses
    • ENE110
    • HIE102
    • MAE103 Footnote3
    • PSE103
    • ECE103
    • ENE110 (cont'd)
    • HIE102 (cont'd)
    • MAE113
    • POE116
    • ECE104
    • ENE210
    • MAE106 Footnote3
    • BAE202
    • BAE238
    • BAE262
    • ECE206
    • ENE210 (cont'd)
    • HIE203
    • BAE208
    • BAE220
    • BAE242
    • ECE224
    Semester total 5 credits 5 credits 6 credits 6 credits
    Semester Fall
    year 3
    Winter
    year 3
    Fall
    year 4
    Winter
    year 4
    Courses
    • BAE300
    • BAE314
    • BAE326
    • BAE330
    • BAE344
    • POE205
    • Optional Footnote5
      • 3 credits
    • Elective
      • 1 credit
    • PSE401
    • BAE402
    • Optional Footnote5
      • 2 credits
    • Elective
      • 1 credit
    Semester total 5 credits 5 credits 5 credits 5 credits

    B.A. Business Administration

    Semester Fall
    year 1
    Winter
    year 1
    Fall
    year 2
    Winter
    year 2
    Courses
    • ENE110
    • HIE102
    • MAE103 Footnote3
    • PSE103
    • ECE103
    • ENE110 (cont'd)
    • HIE102 (cont'd)
    • MAE113
    • POE116
    • ECE104
    • ENE210
    • MAE106 Footnote3
    • BAE202
    • BAE238
    • BAE262
    •  
    • ENE210 (cont'd)
    • HIE203
    • BAE208
    • BAE220
    • BAE242
    • ECE224
    Semester total 5 credits 5 credits 5 credits 6 credits
    Semester Fall
    year 3
    Winter
    year 3
    Fall
    year 4
    Winter
    year 4
    Courses
    • BAE300
    • BAE314
    • BAE326
    • BAE330
    • BAE344
    • POE205
    • Optional Footnote5
      • 3 credits
    • Elective
      • 1 credit
    • PSE401
    • BAE402
    • Optional Footnote5
      • 1 credits
    • Elective
      • 1 credit
    Semester total 5 credits 5 credits 5 credits 4 credits

    Concentration in Business Administration

    Note: The Concentration in Business Administration is not open to ROTP cadets

    30 credits must be completed and a credit may fulfill several requirements at the same time, ex: a course could be in Arts (including Business Administration), at the senior level and taken through RMC of Canada. The programme includes a compulsory core. Of the 30 credits required 11 credits are mandatory.

    30 credits must be completed, and of these:

    • At least 15 must be earned through RMC of Canada, (including six in the chosen discipline)
    • At least 10 must be at the senior level
    • At least 20 must be in Arts, (of which at least 12 must be in Business Administration)
    • At least 5 of the 12 Business Administration credits must be at the senior level
    • At least 6 of the 12 Business Administration credits must be earned through RMC of Canada

    Note: A credit may fulfil several requirements at the same time, ex: a course could be in Arts (including Business Administration), at the senior level and taken through RMC of Canada. The BA Programme includes a compulsory core.

    Mandatory College Courses

    • HIE208: Canadian Military History: A study in War and Military History, 1867 to Present (or another course in Military History, such as HIE205 )
    • HIE275: Technology, Society and Warfare
    • MAE106: Discrete Mathematics with Probability
    • MAE113: Calcullus for the Liberal Arts
    • POE205: Canadian Politics and Society (or POE116: Introduction to International Relations)
    • PSE123: Fundamentals of Human Psychology
    • PSE401: Military Professionalism and Ethics (PSE402: Leadership and Ethics, is an acceptable alternative in this programme)
    • At least 2 credits in English Literature and Grammar
    • At least 1 credit in Canadian History

    Business Administration Requirements

    Students who select the Concentration in Business Administration are required to take the following courses, or their equivalent from a recognized university.

    • BAE202: Financial Accounting I
    • BAE208: Management Accounting
    • BAE220: Introduction to Information Technology
    • BAE238: Introduction to Strategic Management (BAE438: Strategic Management, is an acceptable alternative in this programme)
    • BAE242: Quantitative Methods I
    • BAE268: Introduction to Defence Resource Management
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resources Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management
    • ECE103: Introduction to Microeconomics
    • ECE104: Introduction to Macroeconomics

    Electives

    • 7 additional credits in Arts, Science or Technology are also required

    Minor in Business Administration

    Note: The Minor is open to students from all faculties.

    Mandatory Courses

    • BAE202: Financial Accounting I
    • BAE238: Introduction to Strategic Management
    • BAE242: Quantitative Methods (or equivalent)

    Optional Courses

    5 of the following Business Administration courses:

    • BAE208: Management Accounting I
    • BAE220: Introduction to Information Technology
    • BAE262: Business Analysis and Reporting
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resource Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management

    Economics Programme Requirements

    Students successfully completing their first year in Arts are eligible for entry into the programme leading to a B.A. Honours Economics or a B.A. Economics. The first year Economics courses are part of the core compulsory courses and will count toward the degree requirements noted below. In consultation with the Department Head, students will select courses each year which fulfil the degree requirements that are best suited to students' interests.

    B.A. Honours Economics

    A 40 credit programme, including the core courses for arts programmes, with a minimum of 20 credits in Economics.

    Mandatory Courses

    • ECE103: Introduction to Microeconomics
    • ECE104: Introduction to Macroeconomics
    • ECE206: Macroeconomic Theory and Policy I
    • ECE224: Microeconomics I
    • ECE242: Introduction to Statistics
    • ECE256: Modelling in Economics
    • ECE308: Macroeconomic Theory and Policy II
    • ECE326: Microeconomics II
    • ECE342: Introduction to Econometrics
    • ECE424: The Economics of Defence or ECE428: Economics of National Security
    • ECE442: Applied Econometrics
    • ECE454: Topics in Microeconomic Analysis
    • ECE456: Topics in Macroeconomic Analysis
    • ECE492: Economics Seminar

    Optional Courses

    Minimum of 6 credits from the following
    • ECE300: Money; Financial Institutions and Markets
    • ECE312: The Development of Economic Ideas
    • ECE316: Canadian Economic History
    • ECE318: International Economic Problems
    • ECE320: Industrial Organization
    • ECE336: International Financial Management
    • ECE411: Public Finance
    • ECE417: International Economics
    • ECE444: Economics of the Environment
    • ECE448: Cost Benefit Analysis
    • ECE490: Directed Readings in Economics

    Or any credits from the following, with the approval of the Programme Chair:

    • BAE300: Finance
    • BAE400: Advanced Finance
    • BAE436: Public Financial Management
    • POE332: Public Administration in Canada

    Note: Any other course approved by the Programme Chair.

    B.A. Economics

    A 40 credit programme, including the core courses for arts programmes, with a minimum of 16 credits in Economics.

    Mandatory Courses

    • ECE103: Introduction to Microeconomics
    • ECE104: Introduction to Macroeconomics
    • ECE206: Macroeconomic Theory and Policy I
    • ECE224: Microeconomics I
    • ECE242: Introduction to Statistics
    • ECE256: Modelling in Economics
    • ECE308: Macroeconomic Theory and Policy II or ECE326: Microeconomics II Footnote8
    • ECE342: Introduction to Econometrics
    • ECE424: The Economics of Defence or ECE428: Economics of National Security Footnote8
    • ECE454: Topics in Microeconomic Analysis or ECE456: Topics in Macroeconomic Analysis Footnote8
    • ECE492: Economics Seminar

    Optional Courses

    Minimum of 5 credits from the following
    • ECE300: Money; Financial Institutions and Markets
    • ECE312: The Development of Economic Ideas
    • ECE316: Canadian Economic History
    • ECE318: International Economic Problems
    • ECE320: Industrial Organization
    • ECE336: International Financial Management
    • ECE411: Public Finance
    • ECE417: International Economics
    • ECE442: Applied Econometrics
    • ECE444: Economics of the Environment
    • ECE448: Cost Benefit Analysis
    • ECE490: Directed Readings in Economics

    Or any credits from the following, with the approval of the Programme Chair:

    • BAE300: Finance
    • BAE400: Advanced Finance
    • BAE436: Public Financial Management
    • POE332: Public Administration in Canada

    Note: Any other course approved by the Programme Chair.

    Programme Outline for Economics

    The following is an outline, by year, of a typical programme of study for a B.A. Honours Economics or a B.A.Economics that would cover required courses. Actual programmes of study may vary.

    B.A. Honours Economics

    Semester Fall
    year 1
    Winter
    year 1
    Fall
    year 2
    Winter
    year 2
    Courses
    • ENE110
    • HIE102
    • MAE103 Footnote6
    • PSE103
    • ECE103
    • ENE110 (cont'd)
    • HIE102 (cont'd)
    • MAE113
    • POE116
    • ECE104
    • ENE210
    • MAE106 Footnote6
    • ECE206
    • ECE256
    • Elective
      • 1 credit
    • ENE210 (cont'd)
    • HIE203
    • ECE224
    • ECE242
    • Elective
      • 1 credit
    Semester total 5 credits 5 credits 5 credits 5 credits
    Semester Fall
    year 3
    Winter
    year 3
    Fall
    year 4
    Winter
    year 4
    Courses
    • POE205
    • ECE442
    • ECE454
    • ECE456
    • Optional Footnote9
      • 2 credits
    • PSE401
    • ECE424 or ECE428
    • ECE492
    • Optional Footnote9
      • 1 credit
    • Elective
      • 1 credit
    Semester total 5 credits 5 credits 5 credits 5 credits

    B.A. Economics

    Semester Fall
    year 1
    Winter
    year 1
    Fall
    year 2
    Winter
    year 2
    Courses
    • ENE110
    • HIE102
    • MAE103 Footnote6
    • PSE103
    • ECE103
    • ENE110 (cont'd)
    • HIE102 (cont'd)
    • MAE113
    • POE116
    • ECE104
    • ENE210
    • MAE106 Footnote6
    • ECE206
    • ECE256
    • Elective
      • 1 credit
    • ENE210 (cont'd)
    • HIE203
    • ECE224
    • ECE242
    • Elective
      • 1 credit
    Semester total 5 credits 5 credits 5 credits 5 credits
    Semester Fall
    year 3
    Winter
    year 3
    Fall
    year 4
    Winter
    year 4
    Courses
    Semester total 5 credits 5 credits 5 credits 5 credits

    Minor in Economics

    Note: All Arts students may take a Minor in Economics.

    The requirements for the Minor are 8 courses in the discipline. The First Year courses in Economics can count toward the Minor. Students choosing to Minor in Economics must maintain a minimum of a B- average in their three best courses of the Minor.

    Mandatory Courses:

    • ECE103: Introduction to Microeconomics
    • ECE104: Introduction to Macroeconomics
    • ECE206: Macroeconomic Theory and Policy I
    • ECE224: Microeconomics I
    • ECE242: Introduction to Statistics
    • ECE308: Macroeconomic Theory and Policy II or ECE326: Microeconomics II
    • 2 credits in Economics at the 300-400 level.

    Business Administration and Economics Degree or Economics and Business Administration Degree

    Students have the choice of a primary focus in Business Administration (Business Administration & Economics) or a primary focus in Economics (Economics & Business Administration). In addition, students have the choice between an B.A Honours (22 credits) and a B.A. (20 credits).

    Business Administration and Economics or Economics and Business Administration Common Core (17 credits)

    • BAE202: Financial Accounting
    • BAE220: Introduction to Information Technology
    • BAE238: Introduction to Strategic Management
    • BAE262: Business Analysis & Reporting
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resources Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management
    • ECE206: Macroeconomic Theory and Policy I
    • ECE224: Microeconomics I
    • ECE256: Modelling in Economics
    • ECE308: Macroeconomics Theory and Policy II
    • ECE326: Microeconomics II
    • ECE454: Topics in Microeconomic Analysis
    • ECE456: Topics in Macroeconomic Analysis
    • ECE492: Economics Seminar

    B.A. Honours Business Administration and Economics

    • BAE208: Managerial Accounting
    • BAE242: Quantitative Methods I
    • BAE402: Adanced Strategic Management
    • 1 optional Business Administration credit at the 300/400 level.
    • 1 optional Economics credit at the 300/400 level.

    B.A. Business Administration and Economics

    • BAE208: Managerial Accounting
    • BAE242: Quantitative Methods I
    • BAE402: Adanced Strategic Management

    B.A. Honours Economics and Business Administration

    • ECE242: Introduction to Statistics
    • ECE342: Introduction to Econometrics
    • 2 optional Economics credits at the 300/400 level.
    • 1 optional Business Administration credit at the 300/400 level.

    B.A. Economics and Business Administration

    • ECE242: Introduction to Statistics
    • ECE342: Introduction to Econometrics
    • 1 optional Economics credit at the 300/400 level.

    Joint Business Administration and Psychology Degree

    Business Administration Requirements

    • BAE202: Financial Accounting
    • BAE208: Management Accounting
    • BAE220: Information Technology Footnote11
    • BAE238: Introduction to Strategic Management
    • BAE242: Quantitive Methods I
    • BAE262: Business Analysis and Reporting
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resources Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management
    • BAE402: Advanced Strategic Management
    • 1 Business Administration credits at the 300/400 level Footnote12

    Psychology Requirements

    • PSE211: Research Methodology in Psychology
    • PSE236: Cognition and Learning
    • PSE240: Personality
    • PSE312: Applied Military Psychology
    • PSE346: Persuasion and Influence or PSE328: Group Dynamics
    • PSE370: Recruitment and Selection
    • PSE430: Stress or PSE450: Advanced Social Psychology
    • PSE454: Advanced Leadership
    • 1 Psychology credit at the 300/400 level Footnote12
     
    Note: Follow this link for the details of the B.A. Psychology and Business Administration degree programme.

    Certificate in Management with Applications to Defence

    Note: This certificate is intended to allow individuals to gain a basic understanding of the defence management field.

    The topics cover the basics of management theory across multiple disciplines. In addition, the Certificate can be applied to the General BA and BMASc degrees. The equivalent of 10 one-credit courses is required for completion of the Certificate.

    Core courses or their equivalent (10 credits):

    • BAE202: Financial Accounting
    • BAE208: Managerial Accounting
    • BAE220: Introduction to Information Technology
    • BAE238: Introduction to Strategic Management
    • BAE242: Quantitative Methods I
    • BAE300: Finance
    • BAE314: Marketing Fundamentals
    • BAE326: Human Resources Management
    • BAE330: Organizational Theory
    • BAE344: Operations Management
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