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Money and Banking [1]

Paper Code: 
ECO 201
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 
  1. To make the students grasp the concept of money and the foundation of monetary theory; and
  2. To familiarize the students with the banking system and role of central bank, with special reference to India.
6.00
Unit I: 
Money
  • Definition, Types and functions of money;
  • Concept of  Demand of money (Classical, Cambridge & Keynesian);
  • Concept of Supply of money (Classical, Monetarists’ & RBI)
12.00
Unit II: 
Quantity Theory of Money
  • Cash transactions approach;
  • Cash Balance approach;
  •  Keynesian approach;
9.00
Unit III: 
Inflation & Deflation
  • Inflation - definition, types, causes, effects and measures to control;
  • Trade-off between inflation and unemployment;
  • Deflation;
  • Inflation versus Deflation.
10.00
Unit IV: 
Commercial Banks
  • Commercial Banks - functions;
  • The process of credit creation;
  • Liabilities and assets of banks;
  • Development of commercial banking in India after independence.
8.00
Unit V: 
Central Bank
  • Central Bank -Functions;
  • Instruments of credit control – quantitative & qualitative;
  • RBI-organization and promotional role.
Essential Readings: 
  1. Gupta, S.B., Monetary Economics, S. Chand & Co., New Delhi.
  1. Seth, M.L., Monetary Economics, Laxmi Narain Agrawal, Agra.
References: 
  1. Sundaram, K.P.M., Money, Banking, & International Trade, Sultan Chand & Company, New Delhi.
  1. Rangarajan, C. , Indian Economics: Essays on Money and Finance, UBS Publisher, New Delhi.
  1. Mitra, S., Money and Banking, Random House, New York.
  1. Mithani, D.M.,Money, Banking, International Trade & Public Finance, Himalaya Publishers.
  1. RBI, Functions and Working of RBI, Bombay, Latest Edition.
Academic Session: 
2019-20 [2]

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Source URL: https://www.economics.iisuniv.ac.in/courses/subjects/money-and-banking

Links:
[1] https://www.economics.iisuniv.ac.in/courses/subjects/money-and-banking
[2] https://www.economics.iisuniv.ac.in/academic-session/2019-20