Coming soon
Advanced Monetary Economics
The course will enable the students to-
- Understand the basic concept of money, its functions and monetary standards.
- Understand the demand and supply of money, theories of money
- Understand the monetary policy and importance of credit control measures.
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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PaperCode |
Paper Title |
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FSG 424 |
Advanced Monetary Economics |
The students will be able to -CO86.Understand the concept of money and its circulation in the economy CO87.Comprehend and Analyze the concept of Demand and Supply of money. CO88.Understand the monetary transmission mechanism CO89.Compare and analysis the different theories of Monetary economics CO90.Integrate the monetary theories, critically examine and express their views by analysing the monetary policy strategies and relate it to the current changes in the economy |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching
Learning activities for the students: Field activities, Presentation, Giving tasks |
Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation |
Money in Modern Economy: Evolution of money, concept of near money, Barter system and its difficulties, Functions of money in modern economy.
The circular Flow of Money, Overview of Monetary Standard, principals and methods of Note issue.
Demand For and Supply of Money: Demand for money and Liquidity Preference theory of interest, Concept of supply of money,
Concept and Components of money, Functions of money, components of money supply, Monetary Aggregates-Measure of money supply, factors affecting money supply, Money Multiplier
Monetary Policy: objectives, parameters of monetary policy, Quantitative and qualitative credit control, Monetary policy and economic stabilization, Monetary policy and economic Development, Variation in the rate of interest and control of money supply, Working of Monetary Policy (Transmission Mechanism), Targets and Indicators.
Velocity and Value of Money- Concept, factors
Theories of Money- Quantity Theory of money- Fisher’s ,Cambridge and Keynesian, Milton Friedman’s modern Theory.
Inflation, Deflation, Stagflation and Devaluation – Meaning, Causes and effect. Role of monetary Policy in regulating inflation.
1] M.L.Seth, Monetary Economics- Educational Publishers, Agra
2] T.N.Hajela, Monetary Economics.,Konark Publishers Pvt. Ltd, Delhi
1] M.L.Jhingan, Money, Banking and International Trade,Vrinda Publication, Delhi
2] S.B.Gupta, Monetary Economics.,S.Chand& Co, New Delhi
3] MIthani.D.M, Money,Banking,International Trade and Public Finance., Himalayan Publication, New Delhi
