MONETARY ECONOMICS (THEORY)

Paper Code: 
BSG 613
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

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

CO 216 Understand the meaning and importance of money and various other instruments used as near money.

CO 217 To gain knowledge of various monetary standards and principles of note issue.

CO 218 Comprehend various factors affecting the demand and supply of money in an economy.

CO 219 Know about various quantity theories of money.

CO 220 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.

Self-learning assignments, group projects, Project reports, Seminar presentation,

 

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 a Near Money
9.00
Unit II: 
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-
 
• 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-
 
• Fisher , Cambridge, Keynesian and Friedman Approach
9.00
Unit V: 
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
• M.L.Jhingan, Monetary Economics, Vrinda Publication (P) Ltd, Delhi
• T R Jain Money and Banking, V K Global Publication Pvt Ltd
• Tandon and MathurMoney and BankingShivam Publication, Jaipur
 
 
 
 
 
 
References: 
 
• 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)
 
JOURNALS
• Journal of Money, Credit and Banking
• The Review of Economic Studies
• Journal of Monetary Economics
• International Journal of Monetary Economics and Finance
 
Academic Year: 
2022-2023
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