Monetary Economics-I

Rashtrasant Tukadoji Maharaj Nagpur University, RTMNU, BCOM Solved Series

Syllabus

(3T4) MONETARY ECONOMICS-I

Unit-I: Money

Evolution, Meaning, Definition, Nature and Functions of Money. Quantity Theory of Money and Criticisms. Paper Currency & Methods of Note Issue- Fixed Fiduciary Method, Proportionate Reserve Method, Minimum Reserve Method.

Unit-II: Inflation and Deflation

Inflation- Meaning, Nature, Causes, Effects, Impact of Inflation. Deflation – Meaning, Nature, Causes, Effects, Impact of Deflation. Role of Monetary Policy and Fiscal Policy in Controlling Inflation & Deflation.

Unit-III: Money Market and Policies

Money Market- Concept of Money Market, Objectives, Importance of Money Market, Instruments of Money Market. Monetary Policy and Fiscal Policy Concept – Meaning, Objectives, Need, Importance, Impact, Recent Changes/Trends.

Unit-IV: Public Finance

Concept, Meaning, Importance of Public Finance, Principles of Public Finance, Theory of Maximum Social Advantages & Criticisms. Taxation – Definition, Characteristics & Cannons. Types of Taxation- Proportional, Progressive and Regressive Taxation System. Direct and Indirect Taxes- Merits & Demerits.