The course of Monetary Economics dives into the world of money, its role in economies, and how it's controlled. The rationale of understanding monetary economics lies in fact that we are not part of barter system where goods are directly exchanged for other goods, as considered inefficient. Monetary economics helps us understand how money facilitates transactions, promotes efficient allocation of resources, and keeps the economic engine running smoothly. Monetary policy, influenced by insights from monetary economics, is a key tool for managing inflation, unemployment, and economic growth. Deep insights into Indian monetary system will be drawn out focusing on institutions like RBI, NABARD, RRBs (Regional Rural Banks) and co-operative banks. In addition to these topics the course looks at international bodies like IMF-WB-ADB etc. The course prepares participants to competently evaluate monetary policies; recognize economic consequences associated with monetary systems and solve real life problems using principles from monetary economics.
This course is an endeavor to explore fascinating field that delves into the intricate workings of money within an economy. Monetary economics is closely tied to macroeconomics. It examines the effects of monetary systems, including regulations and international aspects. Thus, studying monetary economics not only sheds light on how economies function efficiently but also reveals how monetary policy shapes economic dynamics.
The scope of monetary economics is broad, encompassing the theory and practice of money's role in an economy. The course explores what money is (a medium of exchange, unit of account, store of value) and how it gains widespread acceptance within an economy. The course pertains to 4 credits which distributes its content into 10 weeks with four quadrant approach.
Course Objective:
| Course Status : | Ongoing |
| Course Type : | Core |
| Language for course content : | English |
| Duration : | 10 weeks |
| Category : |
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| Credit Points : | 4 |
| Level : | Postgraduate |
| Start Date : | 20 Jan 2025 |
| End Date : | 30 Apr 2025 |
| Enrollment Ends : | 28 Feb 2025 |
| Exam Date : | 18 May 2025 IST |
| Translation Languages : | English |
| NCrF Level : | 6.5 |
| Industry Details : | Business and Management |
| Exam Shift : | 2 |
Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.
Week 1: Introduction to Money and Institution; Money, History of Money; Circular Flow of Money
Week 2: Financial System of India, An overview, Central Bank – Nature & Functions, Financial Markets
Week 3: Commercial Banks, Functions, Role of Commercial Banks in Economic Development, Structure of Commercial Banks
Week 4: Supply of Money, Money Supply, Determinants of Money Supply, Money Supply Functions, Supply of Money in India
Week 5: Demand For Money, Transaction Approach to Demand for Money, Theories of Demand of Money, Real Balance Effect
Week 6: Monetary Standards: An Introduction, Metallic Standards and Gold Standards, Bimetallic and Paper Currency
Week 7:Theory of Money and Business Cycle-Liquidity Preference Theory, Business Cycles
Week 8: Non-Banking Financial Intermediaries, The Classical System, The Neutrality of Money
Week 9: Indian and International Monetary System, RBI – NABARD, NABARD – RRB and Co-operative Banks, IMF - World Bank, ADB
Week 10: Demonetization or High Order Money, Demonetization: An Introduction, Demonetization: 2016 and its implications.
Exam Schedule
Dr. Mehak Gulati is at the position of, Assistant Professor , Faculty of Management, Centre for Distance and Online Education, Manipal University Jaipur. She has experience of working in industry and academia for more than 8 years. She has been involved in writing books, editing books & book chapters and conduction of online training programs.
Her academic interest is in teaching the courses Economics, Finance and courses related to different forms of Economics & Finance. She has keen interest in online delivery of content and has experience of delivering various courses over online platform. She has also successfully completed her FCOT certification. She has published research articles in reputed national and international journals in the different areas of her interest.
Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.
Assessment Type | Weightage |
Weekend Assessment | 25% |
Final Exam | 75% |
Score | Type of Certificate |
>=90 | Gold |
75 - 89 | Silver |
70 - 74 | Bronze |
40 - 70 | Successfully Completed |
<40 | No Certificate |
Sample Certificate:
Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.
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