A highly sensitive fiber-optic sensor based on optical beam deflection is applied for investigating the propagation of a laser-induced plasma shock wave, the oscillation of a cavitation bubble diameter, and the development of a bubble-collapse-induced shock wave when a Nd:YAG laser pulse is focused upon an aluminum surface in water. By the sequence of experimental waveforms detected at different distances, the attenuation properties of the plasma shock wave and of the bubble-collapse-induced shock wave are obtained. Besides, based on characteristic signals, both the maximum and the minimum bubble radii at each oscillation cycle are determined, as are the corresponding oscillating periods.