Monetary Economics

Paper Code: 
COM 603
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to-

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 Outcomes (COs):

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

COM  603

Monetary Economics

CO 205 Understand the meaning and importance of money and various other instruments used as  near money.

CO 206 To gain knowledge of various monetary standards and principles of note issue.

 

CO 207 Comprehend various factors affecting the demand and supply of money in an economy.

 

CO 208 Know about various quantity theories of money.

 

CO 209 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

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

9.00
Unit II: 
Monetary Standard

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

9.00
Unit III: 
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: 
Theories of Money

Quantity, Cambridge Keynesian and Friendman theory of money

9.00
Unit V: 
Monetary Policy

Concept and Current Monetary policy review. credit control measures of monetary policy

Essential Readings: 

• 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

References: 

• 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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