This course involves the advanced study of security analysis, security selection techniques, and portfolio management. After introducing the investment environment of a modern market and the financial instruments traded therein, the course goes in depth into the theoretical and practical interactions between risk and return. A great emphasis is given to building the theoretical background necessary to understanding investment portfolio construction and providing the intuition behind security analysis rules. The course also explains the notion of efficient market hypothesis and bond pricing dynamics and concludes by developing measures of portfolio performance.