Monetary Economics

Paper Code: 
FSG 613
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objective:

 

                 The objective of this course is to acquaint the students with the concept of money and different monetary standards and also familiarize them with the various theories of money

 

Course Outcome(COs):

Course

Learning Outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

FSG 613

Monetary Economics

CO207. Understand the meaning and importance of money and various other instruments used as  near money.

CO208. To gain knowledge of various monetary standards and principles of note issue.

CO209. Comprehend various factors affecting the demand and supply of money in an economy.

CO210Know about various quantity theories of money.

CO211. Build 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

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: 
2020-2021
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