Monetary Economics (Theory)

Paper Code: 
ATG/BSG/FSG/BSR/FSM/HRG/IBG 613
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquaint the students with various theories of money.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG/BSG/FSG

/BSR/FSM

/HRG/IBG 613

Monetary Economics

CO 1:UUnderstand the meaning and importance of money and various other instruments used as  near money.

CO 2:TTo gain knowledge of various monetary standards and principles of note issue.

CO 3:CComprehend various factors affecting the demand and supply of money in an economy.

CO 4:KKnow about various quantity theories of money.

CO 5:BBuild relevant theoretical and practical knowledge about 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.
References: 

      

  • 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: 
2020-2021
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