Monetary Economics

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

  Course Objective:

 

   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 Outcome (COs):

Course

Learning Outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

HRG 613

Monetary Economics
  1. UUnderstand the meaning and importance of money and various other instruments used as  near money.
  2. TTo gain knowledge of various monetary standards and principles of note issue.
  3. CComprehend various factors affecting the demand and supply of money in an economy.
  4. KKnow about various quantity theories of money.
  5. BBuild 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 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.

References: 

• 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

Academic Year: 
2020-2021
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