This module explores global asset markets and the analysis of asset types: specifically equity (shares/stocks), fixed income (bonds). The equity analysis section of the module includes the characteristics of equity markets, institutions, and benchmarks. It also includes equity valuation methods. Similarly, the fixed-income section of the module includes the characteristics of fixed-income markets, institutions, and benchmarks. It also addresses the valuation of fixed income securities, the term structure of interest rates, credit risk and structured products.This module requires a conceptual understanding of valuation methodologies and develops critiques of these models.