Capital markets : institutions instruments and risk management Financial assets and financial markets Overview of risks and risk management Overview of market participants Depository institutions Insurance companies and defined benefit pension plans Managers of collective investment vehicles Investment banking firms Primary and secondary markets Introduction to linear payoff derivatives : futures forwards and swaps Introduction to nonlinear payoff derivatives : options credit default swaps caps and floors Securitization and its role in financial markets Return distributions and risk measures Portfolio selection theory Asset pricing theories The theory and structure of interest rates Valuation of debt contracts and their price volatility characteristics The term structure of interest rates The structure of the common stock market Common stock strategies and trading arrangements The money market for private debt instruments Treasury and agency securities markets Municipal securities markets Corporate senior instruments markets International bond markets The residential mortgage market The market for U.S. agency residential mortgage backed securities The market for credit sensitive securitized products The market for equity derivatives The market for interest rate risk transfer vehicles : exchange traded products The market for interest rate risk transfer vehicles : OTC instruments The market for credit risk transfer vehicles : credit derivatives and collateralized debt obligations The market for foreign exchange and risk control instruments