Monetary Theories

Paper Code: 
FSG 424
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

. To acquaint students with the process of monetary system.

20.00

Money: Meaning, Types, Functions, Importance and Evils of Money. Role of money in various economic system, Money Vs Near Money

20.00

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

15.00

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.
Monetary Aggregates in India.

15.00

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

20.00

Inflation, Deflation, Stagflation and Devaluation – Meaning , Causes and effect.
Monetary Policy- concept , instruments and Currrent 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: 
2015-2016
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