Monetary Economics

Paper Code: 
COM 603
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquaint the students with the concept of money and different monetary standards and also familiarize them with the various theories of money

Course

Learning Outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

COM 603

Monetary Economics
  1. Students will analyze role of money in economy and to know various other instruments used as near money.

 

  1. Students will examine different monetary standards and learn about principles of note issue.

 

  1. Students will analyze various factors affecting demand and supply of money in an economy and velocity of money.

 

  1. Students will evaluate various quantity theories of money.

 

  1. Students will examine recent monetary policy and its instruments used by the central bank

Approach in teaching:

Lectures, Discussion, power point presentations.

Learning activities for the students:

Self-learning assignments, group projects, Project reports, Seminar presentation, Giving tasks

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects
 
9.00
Unit I: 

Money:
• Meaning, Types, Functions,
• Importance and Evils of Money. Money and a Near Money

9.00
Unit II: 

Monetary Standard:
• Meaning and types, Importance of Monetary standard,
• Gresham’s Law, Principle and Methods of Issuing Notes in India.

9.00
Unit III: 

Demand and Supply of Money-
• Factors affecting demand and supply of money.
• Supply of Money- Narrow Money and Broad Money.
• Velocity and Value of Money.

9.00
Unit IV: 

Quantity Theories of Money-
• Fisher , Cambridge, Keynesian and Friedman Approach

9.00
Unit V: 

Monetary Policy-
• Objectives, instruments of Monetary policy,
• Limitations of Monetary Policy ,Role of Monetary Policy in a developing economy.
• Current Monetary policy review.

Essential Readings: 

M.L.Seth, Monetary Economics- Educational Publishers, Agra
• T.N.Hajela, Monetary Economics.,Konark Publishers Pvt. Ltd, Delhi
• M.L.Jhingan, Money, Banking and International Trade,Vrinda Publication, Delhi
• S.B.Gupta, Monetary Economics.,S.Chand& Co, New Delhi
• MIthani.D.M, Money,Banking,International Trade and Public Finance., Himalayan Publication, New Delhi

Academic Year: 
2021-2022
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