Coming soon
Advanced Monetary Economics
The course will enable 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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Paper Code |
Paper Title |
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FSG 424 |
Advanced Monetary Economics (Theory) |
The students will- CO109. Analyze the concept of money and its circulation in the economy CO110. Interpret the theories of demand for money and the aggregates of money supply CO111. Examine the monetary transmission mechanism CO112. Distinguish different theories of Monetary economics CO113. Critically examine the monetary policy strategies and relate it to the current changes in the economy. CO114. Evaluate the role of monetary policy in regulating inflation by applying the concepts of inflation. |
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,
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 Keynesian and Milton Friedman’s modern Theory.
Inflation, Deflation, Stagflation and Devaluation – Meaning, Causes and effect. Role of monetary Policy in regulating inflation.
- 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
