SY-Eco-Sem-III- Macroeconomics-Theory-of-Money (1).docx

Deccan Education Society's ========================== Subject Title --**Theory of Money (Minor)** (NEP 2023 Pattern) 1. To know the concept and evolution of Money from ancient and modern literature. 2. To understand the concept of demand and supply of Money 3. To explore the relations of...

Deccan Education Society's ========================== Subject Title --**Theory of Money (Minor)** (NEP 2023 Pattern) 1. To know the concept and evolution of Money from ancient and modern literature. 2. To understand the concept of demand and supply of Money 3. To explore the relations of money, interest and prices. **Course Outcomes:** On the completion of this course, students will be able to -- 1. Understand the concepts and functions of money. 2. Explore the evolution of money and its types. 3. Understand the theories of demand for money. 4. Comprehend various measures of money supply. 5. Comprehend the relation between money supply and the rate of interest. 6. Examine the role of monetary policy. +-----------------------+-----------------------+-----------------------+ | | **Introduction** | | +-----------------------+-----------------------+-----------------------+ | | 1.5 Indian coinage | | | | and currency system | | | | | | | | 1.6 Money as means of | | | | wealth creation | | | | | | | | 1.7 Overview of | | | | modern currency | | | | system | | | | | | | | 1.8 Concept of black | | | | money | | +-----------------------+-----------------------+-----------------------+ | | | | +-----------------------+-----------------------+-----------------------+ | | 2.2 Keynesian theory | | | | | | | | 2.3 IS-LM model | | | | | | | | 2.4 Friedman's theory | | | | | | | | 2.5 Tobin's Portfolio | | | | approach | | +-----------------------+-----------------------+-----------------------+ | **Unit 3** | **Supply of Money** | **14** | +-----------------------+-----------------------+-----------------------+ | | | | +-----------------------+-----------------------+-----------------------+ | **Unit 4** | **Money, Prices and | **8** | | | Interest** | | +-----------------------+-----------------------+-----------------------+ | | 4.1 Interest Rates: | | | | Determinants and | | | | Measures | | | | | | | | 4.2 Measurement of | | | | changes in prices- | | | | Price Indices | | | | | | | | 4.3 Inflation: causes | | | | and effect | | | | | | | | 4.4 Measures of | | | | Inflation | | | | | | | | 4.5 Deflation | | +-----------------------+-----------------------+-----------------------+ | **Unit 5** | **Monetary Policy** | **9** | +-----------------------+-----------------------+-----------------------+ | | 5.1 Role of Central | | | | Banking and Monetary | | | | Policy | | | | | | | | 5.2 Objectives of | | | | Monetary Policy | | | | | | | | 5.3 Introduction to | | | | Monetary Policy | | | | Committee (MPC) | | | | | | | | 5.4 Inflation | | | | targeting | | | | | | | | 5.5 Short-term and | | | | long-term interest | | | | rates policy | | +-----------------------+-----------------------+-----------------------+ | | | **60** | +-----------------------+-----------------------+-----------------------+ 1. **D'Souza Errol (2012). Macroeconomics. Pearson India.** 2. Gupta S.B. (1994) Monetary Economics Theory, S. Chand and Co. Delhi 3. Jadhav Narendra (2006) Monetary Policy, Financial Stability and Central Banking in India, Macmillan. 4. Mishkin Frederic S. (2009) The Economics of Money, Banking and Financial Markets, 11^th^ Edition, Pearson Publication 5. **Patinkin Don (1956) Money, Interest and Prices: An Integration of Monetary and Value Theory. Row, Peterson and Company.** 6. R.B.I. (1998) Report of the Working Group: Money Supply Analytics and Methodology of Compilation. 7. R.B.I. (2019) Financial stability Report 8. R.B.I. (2023) Report on Currency and Finance 9. **Rangarajan L.N. (1992). Kautilya: The Arthashastra. Penguin Classics** 10. Vaish M.C. (1996) Money, Banking, Trade and Public Finance 11. **Wrightsman Dwayne (1983). An Introduction to Monetary Theory and Policy.** **Teaching Methodology:**