Familiarizes students with domestic and international financial markets and the securities traded therein. Discusses a variety of techniques for valuation of financial assets and relies heavily on quantitative methods. Critically analyzes such qualitative concepts as market efficiency, intrinsic value, and risk. Offers students an opportunity to obtain the ability to build unique valuation models to suit the particular investment alternative they wish to scrutinize, as well as to understand how investment theory and investment practice relate. Studies CAPM, APT, index, and factor models. Discusses fixed-income securities including interest rates, bond valuation, and bond immunization.