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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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About Us

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Money and Banking | Economics

Money and Banking

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Paper Code: 
25DECO 501C
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

1. To define the concepts of demand and supply of money.

2. To comprehend the causes and measures of controlling inflation and deflation.

3. To acquaint the students with the working of commercial banks and central bank.

 

Course Outcomes: 

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies 

Course Code

Course Title

25DECO 501C

Money and Banking

(Theory)

Students will:

CO37: comprehend various aspects related to money, inflation and deflation.

CO38: analyze different approaches to demand for and supply of money and different quantity theories of money.

CO39: analyze working of commercial banks and cooperative banks.

CO40: analyze the working of central bank and monetary policy

CO41: explore the working of Development Banking Financial Institutions of India.

CO42: contribute effectively in course-specific interaction.

Approach in teaching: Interactive Lectures, Discussion, Case studies

 

Learning activities for the students:

Presentations, Assignments and Group discussions

Class activity, Assignments and Semester end examinations

 

18.00
Unit I: 
Money & Change in Value of Money
  • Barter economy, evolution of money, monetary standards
  • Definition, classification and functions of money;
  • Change in Value of money Inflation - definition, types; causes, effects and measures to control;
  • Trade-off between inflation and unemployment;
  • Deflation; meaning and effects
  • Inflation versus Deflation.

 

18.00
Unit II: 
Quantity Theory of Money
  • Demand for Money – Classical & Keynesian Approaches
  • Measurement of money supply (narrowly defined, broadly defined & RBI’s measures); H theory of money supply
  • Quantity Theory of Money-
  • Cash Transactions approach – Fisher’s Equation of Exchange, criticisms
  • Cash Balance approach – Marshall, Pigou, Robertson, Keynes’ equations
  • Superiority of Cash balance approach over Cash transactions approach.
  • Keynesian approach

 

18.00
Unit III: 
Commercial Banks and Cooperative Banks
  • Commercial Banks - functions
  • The process of credit creation; Purpose & Limitations
  • Liabilities and assets of banks;
  • Role of commercial banks in economic development
  • Cooperative Banks – features, types & structure and problems

 

 

18.00
Unit IV: 
Central Bank
  • Central Bank -functions;Instruments of credit control – quantitative & qualitative
  • Role of Central Bank in economic development
  • Relationship between Central Bank and commercial banks
  • RBI-organization and promotional role.
  • Monetary policy: objectives

 

18.00
Unit V: 
Development Banking & Financial Institutions of India
  • Organizational structure of financial institutions; IFCI, SFCs, IDBI, SIDBI – role & functions.
  • Mutual Funds – concept and types; UTI & money market mutual funds; Insurance Companies – LIC & GIC – role & functions; Miscellaneous nonbanking financial intermediaries – loan companies, investment companies, hire purchase finance, lease finance, housing finance

 

Essential Readings: 
  1. Gupta, S.B., Monetary Economics-Institutions,Theory&Policy.S.Chand& Co. 2013
  2. Seth, M.L., Monetary Economics, LaxmiNarainAgrawal, 2020

 

 

References: 

Suggested Readings:

1.     Sundaram, K.P.M., Money, Banking, & International Trade. Sultan Chand & Company, 2010.

2.     Rangarajan, C. Indian Economics: Essays on Money and Finance, UBS Publishers, 1999.

3.     Mithani, D.M., Money, Banking, International Trade & Public Finance. Himalayan Publishers, 2012.

E-Resources:

·     https://youtu.be/Ye5hH6ku1L8

·     https://www.rbi.org.in/Scripts/OccasionalPublications.aspx?head=RBI%27s%20Functions%20and%20Working

·     https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=NEp/xikgBgNtfA+sgFQAcA

Journals:

1.     Journal of Money, Banking and Finance 

https://www.esijournals.com/jmbf

2.     Journal of  Financial Economics

https://inomics.com/institution/journal-of-financial-economics-1389700

Academic Session: 
2025-26
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