Engineering Business Minor

The Engineering Business Minor is a collaborative effort between U of T Engineering and the Rotman School of Management.

It is designed specifically for engineering students interested in learning more about the business dimension of engineering—from finance and economics to management and leadership. Courses cover wealth production and creation, accounting, research and development, management, economics and entrepreneurship, all within a global context.


With the exception of Engineering Science students enroled in math, statistics or finance options, all Engineering undergraduates may enrol.

Engineering Business Minor Enrolment Form.


Students in the Engineering Business Minor must successfully complete of a minimum of six (6) one-semester courses as outlined below.

Mandatory Courses:
1. Departmental Engineering economics course
    (CHE249H1 F, CHE374H1 F, CME368H1 F, ECE472H1 F/S, MIE258H1 F, MIE358H1)
2. JRE300H1 F/S: Foundations of Accounting & Finance (CS Elective)
3. JRE410H1 F/S: Markets & Competitive Strategy (CS Elective)
4. JRE420H1 F/S: People Management & Organizational Behaviour (CS Elective)
Descriptions of JRE courses listed at the bottom of the page.

Choose two of the following
  • APS234H1 F: Entrepreneurship & Small Business (CS elective)
  • APS343H1 F/S: Foundations of Engineering Leadership (CS elective)
  • APS432H1 S:  Entrepreneurship & Business Management (CS elective)
  • APS442H1 S – Cognitive and Psychological Foundations of Effective Leadership (CS elective)
  • APS444H1 F: Positive Psychology for Engineers (HSS elective)
  • APS445H1 F: The Power of Story: Discovering your Leadership Narrative (HSS elective)
  • APS446H1 F/S: Leadership in Project Management (CS elective)
  • APS502H1 F: Financial Engineering (Technical elective)
  • APS510H1 F: Technologies & Organizations in Global Energy Systems (CS elective)
  • APS420H1 S: Technology, Engineering & Global Development (HSS elective)
  • CHE488H1S/CIV488H1S/ECE488H1F/MIE488H1F/MSE488H1S – Entrepreneurship & Business for Engineers (CS elective)
  • MIE354H1 F: Business Process Engineering (Industrial technical elective)
  • ECO100Y1 Y: Introduction to Economics (CS elective)
  • FOR308H1 F: Wood and it’s Role in Societal Devel0pment (HSS elective)
  • GGR251H1 S: Geography of Innovation (CS elective)
  • GGR252H1 S: Marketing Geography (CS elective)
  • HPS283H1 S: The Engineer in History (NOT OFFERED 2016-17)
  • HPS321H1 F: Understanding Engineering Practice: From Design to Entrepreneurship (HSS elective)
  • PHL295H1 F: Business Ethics (HSS elective)
Departmental Thesis course may be counted as one credit (if an H course) or two credits (if a Y course) if the topic is closely related to Engineering Business. This requires the approval of the Director of the Engineering Business Minor.

Effective 2014 Summer Session: GGR 221, New Economic Spaces, is no longer an eligible elective for the Engineering Business Minor. If you took the course prior to the 2014 Summer Session, you may still  count this towards your minor. If the course is taken after this time, it will not count towards the minor.

Course Descriptions for New Engineering Business Core Courses (JRE)

JRE300H1 F/S: Fundamentals of Accounting & Finance

This course introduces a brief overview of essential concepts in accounting and corporate finance. The first part of the course covers the fundamentals of accounting.

We start by exploring the basic language of accounting and the fundamental concepts of financial reporting. Students learn to read and analyze basic financial statements including the statements of financial position, comprehensive income, changes in equity, and cash flows. We then introduce key management accounting concepts and explore various methods of costing for decision-making. The second part of the course covers the fundamentals of corporate finance.

In the second half, students will learn how to make financial projections and how to value complex investment opportunities. Following this, students learn various techniques for controlling risk and how to determine the appropriate cost of capital. Finally, the course considers issues in cash flow management and overviews project valuation as it relates to corporate mergers.

Recommended Preparation: Engineering Economics Course (CHE249H1 F; CHE374H1 F; CME368H1 S; ECE472H1 F/S; MIE258H1 F; MIE358H1 F)

JRE410H1 F/S: Markets and Competitive Strategy

This course introduces the basic concepts, frameworks and methodologies useful to managers in crafting and executing entrepreneurial business strategies in technology-based companies.

In the first part of the course, students gain an understanding of the external, internal, and dynamic environments of a business and the elements of a superior competitive position.

In the second part, we focus on designing and delivering customer value, which involves strategic decisions about segmentation, targeting and positioning, and tactical decisions related to product introductions, marketing communications, distribution channels and pricing.

In the third part of the course, we build on these fundamentals and examine challenges related to innovation and industry dynamics, such as industry life cycles, disruptive technologies, product renewal, and the relationship between R&D and commercialization.

JRE420H1 F/S: People Management and Organizational Behaviour

This module spans three inter-related topics: leadership, people management and organization behaviour. It provides students with both the theory and practice in how to design, lead and manage organizations.

Topics include theories of leadership, strategy, ethics, designing organizations for rapid change and differing cultural environments, communication, job design, managing and motivating people, fostering creativity, and team work. In addition to traditional lectures, exercises and case studies will be used throughout.