Financial markets have been undergoing tremendous changes in recent years. In a near collapse of the financial system, many financial institutions, once highly visible, have disappeared, morphed or assimilated into other organizations because of ill‐conceived and misused financial instruments. A large regulatory overhaul ensued through Wall Street Reform and Consumer Protection Act, which is yet to unfold. With rapidly changing technology, sophisticated financial instruments and increasing regulatory oversight, financial landscape is changing every moment. In order to participate fully in this environment, it is important to have a clear understanding of many financial instruments and institutions across different financial markets. This course will provide an in depth study of money and capital market instruments, structure and equilibrium, and tools to understand a constantly evolving financial market.