UNIVERSITY OF CALGARY 
FNCE443: Security Analysis and Investments 
Comprehensive Revision Guide and Notes 2026 
 
Part 01: About This Guide 
Part 02: Sample Examination 
Part 03: Suggested Solutions to Exam Paper 
Part 04: Study Tips for Students 
 
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University of Calgary - FNCE443: Security Analysis and Investments

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ACADEMIC YEAR 2025 - 2026

University	University of Calgary
Study Level	Undergraduate
Course Code	FNCE443
Course Name	Security Analysis and Investments
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	28

These comprehensive and easy-to-understand notes cover all examinable topics for FNCE443: Security Analysis and Investments at the University of Calgary. The guide offers essential details on the exam format, expected content, and key concepts. It is structured to present course topics logically, highlight and explain critical concepts and methods, and include initial examples to demonstrate their application. By helping students build a solid understanding of the material, this guide aims to support their success in all assessments.

This course offers an in-depth study of security analysis and investments, focusing on financial markets, valuation techniques, and portfolio selection strategies. Key topics include capital allocation, diversification, valuation of securities such as stocks, bonds, and derivatives, and an examination of market efficiency. Prerequisite(s): Admission to the Haskayne School of Business and Finance 317.

Key Areas of Focus:

Understand different asset classes and how securities are traded.
Analyze and value stocks, bonds, and derivatives.
Evaluate mutual funds and other investment companies.
Assess risk and return in financial markets.
Allocate capital to risky assets and create optimal portfolios.
Apply the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory.
Interpret the Efficient Market Hypothesis and Behavioral Finance concepts.
Understand bond pricing, yields, and the term structure of interest rates.
Manage and analyze fixed income investments effectively.

COURSE CODE	COURSE NAME
ACCT 217	Introductory Financial Accounting
ACCT 323	Introductory Managerial Accounting
ACCT 341	Intermediate Financial Accounting I
ACCT 343	Intermediate Financial Accounting II
ECON 201	Principles of Microeconomics
ECON 203	Principles of Macroeconomics
ECON 230	Microeconomic Theory
ECON 357	Intermediate Economic Theory Microeconomics II
ECON 395	Introduction to Econometrics
FNCE 317	Financial Management
FNCE 443	Security Analysis and Investments
FNCE 445	Futures and Options
FNCE 463	Portfolio Theory and Management
FNCE 467	Financial Risk Management
MKTG 317	Foundations of Marketing
OBHR 317	Organizational Behaviour
SGMA 395	Business Law for Strategic Decision-Makers
STAT 213	Introduction to Statistics I
STAT 217	Introduction to Statistics II
STAT 429	Linear Models and Their Applications
STAT 505	Time Series Analysis

Updated for 2026

University of Calgary - FNCE443: Security Analysis and Investments

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