Monetary Economics

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

The objective of this course is to acquaint the students with various theories of money

9.00
Unit I: 
Unit 1

Money: Meaning, Types, Functions, Importance and Evils of Money. Money and a Near Money

9.00
Unit II: 
Unit 2

Monetary Standard: Meaning and types, Importance of Monetary standard, Gresham’s Law, Principle and Methods of Issuing Notes in India.

9.00
Unit III: 
Unit 3

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: 
Unit 4

Quantity Theories of Money- Fisher , Cambridge, Keynesian and Friedman Approach

9.00
Unit V: 
Unit 5

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
  • 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: 
2019-2020
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