This document provides an overview of multicarrier modulation and OFDM. It describes how multicarrier modulation converts frequency selective fading channels into flat fading channels to make signal detection easier. OFDM is a special case of multicarrier modulation that divides a system bandwidth into overlapping orthogonal subbands. This allows for densely packed and spectrally efficient transmission. However, OFDM also has disadvantages like high peak-to-average power ratio and sensitivity to frequency and timing offsets. Synchronization methods are discussed to help address some of these issues.