Page 1 :
3 T 4 B.COM. PART-II MONETARY ECONOMICS – I (SEMESTER III), Unit I – Money, Evolution, Meaning, Definition and Functions of Money. Quantity Theory of Money and Criticisms,, Paper Currency and Methods of Note Issue – Fixed Fiduciary Method, Proportionate Reserve Method,, Minimum Reserve Method., Unit II: Inflation & Deflation, Inflation- Meaning, Nature, Causes, Effects, Impact and Remedies of Inflation., Deflation- Meaning, Nature, Causes, Effects, Impact and Remedies of Deflation., Unit III: Money Market & 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 & Criticism. Taxation- Definition, characteristics & Cannons. Types of Taxation, Proportional, Progressive and Regressive Taxation System.. Direct and Indirect Taxes- Merits and, Demerits., , Books Recommended:, 1.Monetary Economics, RR Paul, Kalyani Publishers., 2.Money,Banking,Trade & Public Finance, M.V.Vaish, New Age International Pvt.Ltd., 3.Money, Banking and International Trade, K.P.M. Sundaram , Sultan Chand,New Delhi., 4.Public Finance, Tyagi , Jai Prakash Nath Publishers., 5.Money and Financial System P.K. Deshmukh, Phadke Prakashan., 6.Monetary Economics, Rashi Arora, Sheth Publishers, Mumbai, 7.Modern Macroeconomics(Theory & Policy ),B.N.Ghosh, Ane Books Pvt Ltd, 2ndEdition, 2012., 8.Macro Economics, D.D.Chaturvedi, Galgotia Publishing Company,1999.