It is expected that the number of flavors in a gauge theory plays an important role in model building for physics beyond the standard model. We study the phase structure of the 12 flavor case through lattice simulations using a Rational Hybrid Monte Carlo (RHMC) algorithm for different masses, betas, and volumes, to investigate the question of conformality for this number of flavors. In particular, we analyze the Fisher's zeroes, in the vicinity of the endpoint of a line of first order phase transitions. This is motivated by previous studies that show how the complex renormalization group (RG) flows can be understood by looking at the zeros. The pinching of the imaginary part of these zeros with respect to increasing volume provides information about a possible unconventional continuum limit. We also study the mass spectrum of a multiflavor linear sigma model with a splitting of fermion masses. The single mass linear sigma model successfully described a light sigma in accordance to recent lattice results. The extension to two masses predicts an unusual ordering of scalar masses, providing incentive for further lattice simulations with split quark mass.

In this thesis we are concerned with the existence of infrared fixed points and the conformal window for gauge theories with fermions. We are particularly interested in those theories that are candidates for walking technicolor. We discuss the background of technicolor and the techniques relevant to a theoretical understanding of the conformal window. Following this we extend the ideas of metric confinement and causal analyticity to theories with fermions in non-fundamental representations. We use these techniques to, respectively, provide a lower bound on the lower end of the conformal window and to provide a measure of perturbativity. As well as analytic calculations we use lattice techniques to investigate two particular candidate theories for walking technicolor - SU(2) with two adjoint fermions and with six fundamental fermions. We use Schrodinger Functional techniques to investigate the running of the theory across a wide range of scales. We measure both the running of the coupling and an estimator for the fermion mass anomalous dimension, $gamma$. We find that both theories are consistent with an infrared fixed-point. However, paying particular attention to our error estimates, we are unable to absolutely confirm their existence. This is a not unexpected result for SU(2) with two adjoint fermions but is rather surprising for SU(2) with only six fundamental fermions. In the region where we are consistent with a fixed point we find $0.05<gamma<0.56$ for $SU(2)$ with two adjoint fermions and $0.135<gamma<1.03$ for $SU(2)$ with six fundamental fermions. The measurement of $gamma$ for $SU(2)$ with two adjoint fermions is the first determination of $gamma$ for any candidate theory of walking technicolor.