Monetary Economics

Paper Code: 
FSG 613
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

9.00
Unit I: 
Money

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

9.00
Unit II: 
Monetary Standard

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

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

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

9.00
Unit V: 
Monetary Policy

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

References: 

• 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: 
2019-2020
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