MONETARY ECONOMICS

Paper Code: 
DFSG 801
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to

CO 186: Understand the concept of money and its circulation in the economy

CO 187: Comprehend and Analyze the concept of Demand and Supply of money.

CO 188: Understand the monetary transmission mechanism

CO 189: Compare and analysis the different theories of Monetary economics

CO 190: 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, Practical cases Demonstration, Power point presentation.     

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects, Case Study Analysis

 

12.00
Unit I: 
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.

12.00
Unit II: 
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

12.00
Unit III: 
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.

12.00
Unit IV: 
Velocity and Value of Money and Theories of Money

Velocity and Value of Money- Concept, factors
Theories of Money- Quantity Theory of Money-Fisher’s, Cambridge Keynesian and Milton Friedman’s modern Theory.

12.00
Unit V: 
Inflation, Deflation, Stagflation and Devaluation

Inflation, Deflation, Stagflation and Devaluation – Meaning, Causes and effect.
Role of monetary Policy in regulating inflation.

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
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

References: 

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

Academic Year: 
2023-2024
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