Review the causes and consequences of the Mississippi Bubble and its crash. Illustrate an early example of a financial innovator and policy entrepreneur who seeks to carry into practice concepts for innovations in markets, institutions, and instruments. Survey the economic ideas of John Law, understand why they were revolutionary in 1720, and interpret their relevance today. Explore the political and economic challenges related to the modernization of a national financial system, and the relationship between the development of the financial system and overall economic development of a country, giving particular attention to the influence of mercantilism on strategies of national finance. Consider the general importance of institutions (i.e., norms, laws, and regulations) in the economic and financial development of a nation.