The objective of this course is to acquaint the students with various theories of money
Money: Meaning, Types, Functions, Importance and Evils of Money. Money and a Near Money
Monetary Standard: Meaning and types, Importance of Monetary standard, Gresham’s Law, Principle and Methods of Issuing Notes in India.
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
Quantity Theories of Money- Fisher , Cambridge, Keynesian and Friedman Approach
Monetary Policy- Objectives, instruments of Monetary policy, Limitations of Monetary Policy ,Role of Monetary Policy in a developing economy. Current Monetary policy review.