Lecture, one hour; laboratory, one hour. Requisites: courses 11, 101, 102. Enforced corequisite: course 106M. Case-based analysis requiring students to apply material from course 106M to real-world problems involving financial markets and financial institutions. Issues include potential effects of monetary and regulatory policies on financial markets. Topics include bond market, stock market, foreign exchange market, financial crises, and financial regulation. Hands-on data collection and problem solving and presentation of student analyses both orally and in writing. P/NP or letter grading.