Coming soon
MONETARY ECONOMICS
Course Outcomes (Cos):
|
Learning and teaching strategies |
Assessment Strategies |
|
|---|---|---|
|
The students will be able to –
CO231 Understand the concept of money and its circulation in the economy CO 232 Comprehend and Analyze the concept of Demand and Supply of money. CO 233 Understand the monetary transmission mechanism CO 234 Compare and analysis the different theories of Monetary economics CO 235 Integrate the monetary theories, critically examine and express their views by analysing the monetary policy strategies and relate it to the current changes in the economy |
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.
BOOKS RECOMMENDED
• 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
• T R Jain Money and Banking, V K Global Publication Pvt Ltd
• Tandon and MathurMoney and BankingShivam Publication, Jaipur
SUGGESTED REFERENCE BOOKS
• 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
e- RESOURCES
• https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Report%20on%20Cu... (RBI Report on Currency & Finance, various issues)
• Websites: https://www.rbi.org.in/ (RBI)
• https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53113 (Various latest issues of RBI Bulletins)
• https://www.pdfdrive.com/monetary-economics-books.html
• https://www.pdfdrive.com/monetary-economics-e38141688.html
• https://www.pdfdrive.com/money-and-banking-textbook-books.html
REFERENCE JOURNALS
• Journal of Money, Credit and Banking
• The Review of Economic Studies
• Journal of Monetary Economics
• International Journal of Monetary Economics and Finance
