Foreword vii Quantitative Methods (QM) Learning Module 1: The Time Value of Money 3 Learning Module 2: Organizing, Visualizing, and Describing Data 5 Learning Module 3: Probability Concepts 9 Learning Module 4: Common Probability Distributions 15 Learning Module 5: Sampling and Estimation 20 Learning Module 6: Hypothesis Testing 25 Learning Module 7: Introduction to Linear Regression 31 Economics (EC) Learning Module 1: Topics in Demand and Supply Analysis 41 Learning Module 2: The Firm and Market Structure 51 Learning Module 3: Aggregate Output, Prices, and Economic Growth 57 Learning Module 4: Understanding Business Cycles 66 Learning Module 5: Monetary and Fiscal Policy 78 Learning Module 6: Introduction to Geopolitics 86 Learning Module 7: International Trade and Capital Flows 88 Learning Module 8: Currency Exchange Rates 97 Financial Statement Analysis (FSA) Financial Statement Analysis (Curriculum Book 2) Learning Module 1: Introduction to Financial Statement Analysis 109 Learning Module 2: Financial Reporting Standards 111 Financial Statement Analysis (Curriculum Book 3) Learning Module 1: Understanding Income Statements 117 Learning Module 2: Understanding Balance Sheets 123 Learning Module 3: Understanding Cash Flow Statements 126 Learning Module 4: Financial Analysis Techniques 130 Learning Module 5: Inventories 137 Learning Module 6: Long-Lived Assets 145 Learning Module 7: Income Taxes 159 Learning Module 8: Non-Current (Long-Term) Liabilities 163 Learning Module 9: Financial Reporting Quality 172 Learning Module 10: Applications of Financial Statement Analysis 178 Corporate Issuers (CI) Corporate Issuers (Curriculum Book 3) Learning Module 1: Corporate Structure and Ownership 183 Learning Module 2: Introduction to Corporate Governance and Other ESG Considerations 186 Learning Module 3: Business Models and Risks 190 Learning Module 4: Capital Investments 194 Learning Module 5: Working Capital and Liquidity 197 Corporate Issuers (Curriculum Book 4) Learning Module 1: Cost of Capital - Foundational Topics 203 Learning Module 2: Capital Structure 205 Learning Module 3: Measures of Leverage 210 Equity Investments (EQ) Learning Module 1: Market Organization and Structure 217 Learning Module 2: Security Market Indexes 227 Learning Module 3: Market Efficiency 232 Learning Module 4: Overview of Equity Securities 238 Learning Module 5: Introduction to Industry and Company Analysis 244 Learning Module 6: Equity Valuation: Concepts and Basic Tools 250 Fixed Income (FI) Fixed Income (Curriculum Book 4) Learning Module 1: Fixed Income Securities: Defining Elements 259 Learning Module 2: Fixed-Income Markets: Issuance, Trading, and Funding 268 Learning Module 3: Introduction to Fixed Income Valuation 275 Learning Module 4: Introduction to Asset-Backed Securities 282 Fixed Income (Curriculum Book 5) Learning Module 1: Understanding Fixed-Income Risk and Return 293 Learning Module 2: Fundamentals of Credit Analysis 301 Derivatives (DR) Learning Module 1: Derivative Markets and Instruments 311 Learning Module 2: Forward Commitment and Contingent Claim Features and Instruments 312 Learning Module 3: Derivative Benefits, Risks, and Issuer and Investor Uses 313 Learning Module 4: Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives 314 Learning Module 5: Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities 316 Learning Module 6: Pricing and Valuation of Futures Contracts 318 Learning Module 7: Pricing and Valuation of Interest Rates and Other Swaps 319 Learning Module 8: Pricing and Valuation of Options 321 Learning Module 9: Option Replication Using Put-Call Parity 324 Learning Module 10: Binomial Option Pricing 326 Alternative Investments (AI) Learning Module 1: Categories, Characteristics, and Compensation Structures of Alternative Investments 331 Learning Module 2: Performance Calculation and Appraisal of Alternative Investments 333 Learning Module 3: Private Capital, Real Estate, Infrastructure, Natural Resources, and Hedge Funds 335 Portfolio Management (PM) Portfolio Management (Curriculum Book 5) Learning Module 1: Portfolio Management: An Overview 345 Learning Module 2: Portfolio Risk and Return: Part I 349 Learning Module 3: Portfolio Risk and Return: Part II 357 Portfolio Management (Curriculum Book 6) Learning Module 1: Basics of Portfolio Planning and Construction 367 Learning Module 2: The Behavioral Biases of Individuals 371 Learning Module 3: Introduction to Risk Management 378 Learning Module 4: Technical Analysis 383 Learning Module 5: Fintech in Investment Management 395 Ethical and Professional Standards (ET) Learning Module 1: Ethics and Trust in the Investment Profession 399 Learning Module 2: Code of Ethics and Standards of Professional Conduct 400 Learning Module 3: Guidance for Standards I-VII 400 Learning Module 4: Introduction to the Global Investment Performance Standards (GIPS) 403 Learning Module 5: Ethics Application 405.