Monetary Economics

Paper Code: 
FMG 613
Objective: 

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

Unit I: 

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

Unit II: 

Monetary Standard: Meaning and types, Importance of Monetary standard. Principle and Methods of Issuing Notes in India.

Unit III: 

Demand and supply of Money-
Demand of Money - Meaning, Motives for holding money (Transaction, Precautionary and Speculative motive.)
Supply of Money- Narrow Money and Broad Money. Velocity and Value of Money.

Unit IV: 

Theories of Money- Quantity, Cambridge and Keynesian.

Unit V: 

Monetary Policy- concept and instruments of Monetary policy.

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: 
2018-2019
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