Money and Banking

Course ID
MG 405
Level
Undergraduate
Program
BMS
Semester
Fourth
Credits
6.0
Paper Type
Generic Elective
Method
Lecture & Tutorial

Unique Paper Code: 61015924

This course is designed to provide the students with a thorough understanding of the importance of money and banking in various economies. It aims to provide the students with an introduction to understand the concept of money, theories of money supply and money demand and working of monetary policy. It provides an insight into the Banking system.

Learning Outcomes:

At the end of the course, students should be able to:

  • Explain and discuss why people hold money
  • Understand the working of the monetary policy
  • Describe the working of commercial banks
  • Understand the role and functioning of RBI

Course Contents

Unit I
Unit II
Unit III
Unit IV

Unit I (3 weeks)

Money: Functions, kinds of money, kinds of deposits and measures of money supply; Demand for money: classical, neo classical, Keynesian, Baumol’s and Tobins; Supply of money: H theory of money supply, money multiplier process, determinants of money multiplier.

References:

P.N. Hajela. (2009). Money and Banking Theory with Indian Banking. Ane Books Pvt. Ltd (Chapter 1, Chapter 4 and Chapter 5)

N.Jadhav, (2006). Monetary Policy, Financial Stability and Central Banking in India. Macmillan (Chapter 2)

Unit II (2 weeks)

Monetary Policy: Objectives, targets, Indicator, Instruments of monetary policy; monetary policy during depression; monetary policy during inflation; role of monetary policy in developing countries; current monetary policy of Reserve Bank of India

References:

P.N. Hajela. (2009). Money and Banking Theory with Indian Banking. Ane Books Pvt. Ltd (Chapter 25)

N.Jadhav, (2006). Monetary Policy, Financial Stability and Central Banking in India. Macmillan (Chapter 6)

RBI latest publication

Unit III (4 weeks)

Indian Banking System: Development of Banking since independence; increase in effectiveness of Reserve Bank of India; shortcomings of Indian Banking System; Banking Sector Reforms; Commercial Banks: classification, functions, organization, structure and credit creation; progress of commercial banks and failures of commercial banks in India.

References:

N.Jadhav, (2006). Monetary Policy, Financial Stability and Central Banking in India. Macmillan (Chapter 15, Chapter 16, Chapter 21 and Chapter 22)

Unit IV (3 weeks)

Reserve Bank of India: establishment of RBI; Organizational structure of RBI; objectives of RBI; functions of RBI, Monetary Policy of RBI; achievements of RBI, failures of RBI.

References:

Hajela. (2009). Money and Banking Theory with Indian Banking. Ane Books Pvt. Ltd (Chapter 24 and Chapter 25)

Additional Information

Text Books


N.Jadhav, (2006). Monetary Policy, Financial Stability and Central Banking in India. Macmillan
P.N. Hajela. (2009). Money and Banking Theory with Indian Banking. Ane Books Pvt. Ltd.

Additional Readings


S.Natarajan and R.Prameswaran.(2013) Indian Banking. S.Chand Publishing

Teaching Learning Process

Lectures, class room discussions, team paper, presentations, and case studies

Assessment Methods

Internal Assessment 25 marks
Written Theory Exam 75 marks

Keywords

Money, money multiplier, monetary policy, commercial bank, central bank

Disclaimer: Details on this page are subject to change as per University of Delhi guidelines. For latest update in this regard please refer to the University of Delhi website here.

judi slot online Capsa Susun Bandar Ceme Online Terpercaya agen ion casino ionclub Slot Online idn poker sbobet casino slot online https://run3-game.net/