Programme Requirements | Management and Economics

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 such as Business Policy, 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 a social science in that it studies social problems of choice from the scientific viewpoint, which means that it is built on a systematic explanation of problems of choice where resources to satisfy unlimited human wants are scarce. This systematic explanation involves both the formation of theories and the examination of data. Unlike the approach generally used by political scientists, economists commonly construct models of the economy using varying degrees of mathematical sophistication to depict particular features of the economy with which they are concerned.

Students are introduced to economics in the First Year courses, ECE103 Introduction to Microeconomics and ECE104 Introduction to Macroeconomics. These courses familiarize students to the methods of economics. 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 looks at the behaviour of the economy as a whole, in particular the behaviour of such aggregate measures as overall rates of unemployment, inflation, economic growth and the balance of trade. Separate courses taken by all students enrolled in the programme, ECE206, ECE308, ECE224 and ECE326, concentrate on macroeconomics and microeconomics, respectively, in much greater depth with respect to both theory and policy issues.

In addition to the above courses in economics all student are required to take a one-term course in Statistical Analysis for Social Scientists. Students who contemplate later on pursuing postgraduate degrees in economics are strongly urged to include the two courses in quantitative analysis in their undergraduate studies. They also are encouraged to take as many courses in economics as are allowed in the economics degree programme at the College.

Business Administration Programme Requirements

General Information

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

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

  • Business Administration (Honours/Major)
  • 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.

Business Administration (Honours)

Total: 42 credits

Common Arts Core (20 credits)

Mandatory Courses (20 credits)

  • BAE202: Financial Accounting
  • BAE208: Management Accounting
  • BAE220: Introduction to Information Technology
  • 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 optional Business Administration credits at the 300/400 level

Elective Courses (2 credits)

  • 2 elective credits

Notes:

  1. CSE101 or CSE260 may replace BAE220 with approval from the Programme Chair
  2. Students meeting the requirement may take "BAE490: Thesis" in lieu of 2 credits at the 300/400 level in Business Administration.

Major in Business Administration

Total: 40 credits

Students must complete the same programme as Honours except that only 5 credits at the 300/400 level within Business Administration (BAE) are required and course "ECE206: Macroeconomic Theory and Policy I" is not required.

Programme Outline for Business Administration

The following is an outline, by year, of a typical programme of study for Business Administration (Honours) or a Major in Business Aministration that would cover required courses. Actual programmes of study may vary slightly but will still cover all required courses.

Year 1

Year 2

  • College Core Curriculum: ENE210, MAE106 Footnote Business Administration 1, HIE203.
  • Mandatory Business Administration Courses: BAE202, BAE208, BAE220, BAE238, BAE242, BAE262, and ECE224.
  • Additional Requirement for Honours: ECE206
  • Total credits:  Honours; 12, Major; 11

Year 3

  • College Core Curriculum:  PSE301, HIE271, Physics credit Footnote Business Administration 2, Chemistry/Biology credit Footnote Business Administration 2
  • Mandatory Business Administration Courses:  BAE300, BAE314, BAE326, BAE330, and BAE344
  • Electives: 1 credit
  • Additional Requirement for Honours: 1 additional credit in Business Administration.
  • Total credits: Honours; 11, Major; 10

Year 4

  • College Core Curriculum: PSE401, POE205
  • Mandatory Business Administration courses: BAE402
  • Optional Courses: 5 credits in Business Administration
  • Electives: 1 credit.
  • Total credits: 9

Concentration in Business Administration

Note: The Concentration in Business Administration is not open to ROTP/RETP 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 RMCC. 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 RMCC, (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 RMCC

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 RMCC. 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

General Information

Students successfully completing their First Year in Arts are eligible for entry into the programme leading to an Honours or Major Degree in 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.

Economics (Honours)

This programme requires 40 credits with a minimum of 20 credits in Economics:

Mandatory Courses

  • MAE113: Calculus for the Liberal Arts
  • MAE208: Elements of Integral Calculus and Linear Algebra
  • 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 Analysis: Theory and Policy II
  • ECE326: Microeconomics II
  • ECE342: Introduction to Econometrics
  • ECE424: The Economics of Defence
  • ECE492: Economics Seminar
  • ECE454: Topics in Microeconomic Analysis OR ECE456: Topics in Macroeconomic Analysis

Optional Courses

A 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
  • ECE428: Economics of National Security
  • ECE444: Economics of the Environment
  • ECE448: Cost-Benefit Analysis
  • ECE490: Directed Readings in Economics

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

  • BAE300: Finance
  • BAE342: Quantitative Methods II
  • BAE400: Advanced Finance
  • BAE436: Public Financial Management
  • BAE442: Project Management
  • POE332: Public Administration in Canada

Note: Any other course approved by the Programme Chair.

Major in Economics

This programme requires 40 credits with a minimum of 16 credits in Economics:

Mandatory Courses

  • MAE113: Calculus for the Liberal Arts
  • MAE208: Elements of Integral Calculus (Linear Algebra)
  • 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
  • ECE424: The Economics of Defence
  • ECE492: Economics Seminar
  • ECE308: Macroeconomic Theory and Policy II Or ECE326: Microeconomics II
  • ECE454: Topics in Microeconomic Analysis Or ECE456: Topics in Macroeconomic Analysis

Note: Any other course approved by the Programme Chair.

Optional Courses

Minimum of 4 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
  • ECE342: Introduction to Econometrics
  • 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
  • BAE342: Quantitative Methods II
  • BAE430: Labour Relations and Topics in Human Resources Management
  • BAE436: Public Financial Management
  • BAE442: Project 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 Economics (Honours) or a Major in Economics that would cover required courses. Actual programmes of study may vary slightly but will still cover all required courses.

Year 1

Year 2

Year 3

Year 4

  • College Core Curriculum: POE205, PSE401
  • Economics Requirements: ECE424, ECE454 or ECE456 Footnote Economics 7, ECE492
  • Optional Courses Footnote Economics 4: Honours 2 credits, Major: 2 credits
  • Electives: Honours: 3 credits, Major: 3 credits.
  • Total credits: 10

Minor in Economics

Note: All 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
    One of:
  • ECE308: Macroeconomic Theory and Policy II
    or
  • ECE326: Microeconomics II Optional Courses
    Plus:
  • 2 credits in Economics at the 300-400 level.

Business Administration and Economics or Economics and Business Administration

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 honours (22 credits) and a major (20 credits).

Business Administration and Economics 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

Business Administration and Economics (Honours)

  • 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.

Business Administration and Economics (Major)

  • BAE208: Managerial Accounting
  • BAE238: Introduction to Strategic Management
  • BAE242: Quantitative Methods I

Economics and Business Administration (Honours)

  • 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.

Economics and Business Administration (Major)

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

Joint Degrees

Joint Business Administration and Psychology Degree

Honours : 42 credits
Major: 40 credits

Core courses for Arts Programmes

  • BAE220 counts as the Information Technology credit required in the core courses for arts programmes.
  • Within the Common Arts Core ECE103 and PSE105 will be preferred

Business Administration Requirements

  • BAE202: Financial Accounting
  • BAE208: Management Accounting
  • BAE220: Information Technology
  • 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 or 400 level Footnote Joint Degree 1

Psychology Requirements

  • PSE214: Research Methodology in Psychology
  • PSE236: Cognition and Learning
  • PSE240: Personality
  • PSE312: Applied Military Psychology
  • PSE346: Persuasion and Influence
  • PSE370: Recruitment and Selection
  • PSE430: Stress
  • PSE454: Advanced Leadership
  • 1 Psychology credit at the 300 or 400 level Footnote Joint Degree 1

Follow this link for the details of the Joint 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
Date modified: