Syllabus
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Course Code: M-BECOE -031 Course Name: Economics of Banking-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Macroeconomic Theories of Money Theories of Value of Money: Fisher, Cambridge equations, the Cash Balances Approach; Keynesian Theory of Money and Prices; The Real Balance Effect; Wicksell’s contribution. Reading List • Dwivedi, D.N. (2010). Macroeconomics: Theory and Policy. Tata McGraw Hill, New Delhi. • Handa, J. (2009). Monetary Economics. Routledge, London. • Goldfield, S.M. & Chandlar, L. V. (1981). The Economics of Money & Banking. Harper & Row. • Mishkin, F.S. (2016). The Economics of Money, Banking and Financial Markets. Pearson Education. |
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| 2 | The Indian Commercial Banking Functions and growth of financial institutions in India; Recent reforms in banking sector in India; Non-bank financial intermediaries (NBFI’s); The currency and credit schools; Role of Non-Banking financial institutions in India; Mutual funds, LIC, Investment companies; Venture capital: Role of regulatory authorities: SEBI and IRDA; Financial sector reforms in India. Reading List • Basu, C.R. (1991). Commercial Banking in the Planned Economy of India. Mittal Publications, New Delhi. • Gupta, S.B. (1996). Monetary planning for India. S. Chand & Company, New Delhi. • Hajela, T.N. (2009). Money and Banking: Theory With Indian Banking. Ane Books Pvt. Ltd. • Pathak, B.V. (2018). Indian Financial System: Markets, Institutions and Services. Pearson India Education Services Pvt. Ltd. • Sayers, R.S. (1964). Modern Banking. Clarendon Press. • Sharma, K.C. (2007). Modern Banking in India. Deep & Deep Publications, Pvt. Ltd., New Delhi. |
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| 3 | Topics in Monetary Policy Principles of Monetary Policy: Its meaning, objectives, frame work, targets and indicators of monetary policy; Transmission mechanism of monetary Policy; Restrictive Vs. accommodating monetary policy; Need and effectiveness of monetary policy; Lags in monetary policy; Role of monetary policy in developing countries; Monetary and credit planning: Monetarist and Keynesian views on monetary policy. Reading List • Dwivedi, D.N. (2010). Macroeconomics: Theory and Policy. Tata McGraw Hill, New Delhi. • Hossain, A.A. (2015). The Evolution of Central Banking and Monetary Policy in the Asia-Pacific. Edward Elgar Publishing Limited, UK. • Jadhav, N. (2006). Monetary Policy, Financial Stability, and Central Banking in India. Macmillan India Ltd. • Matthews, K. & Booth, P. (Eds.). (2006). Issues in Monetary Policy: The Relationship between Money and the Financial Markets. John Wiley & Sons Limited, England. • Ramachandran, P.P. (2016). RBI: An Anecdotal History. Academic Foundation. • Rangarajan, C. (2002). Leading Issues in Monetary Policy. Bookwell Publishers. |
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| 4 | Theories of Inflation and Business Cycles Inflation: Measurement and types of Inflation, Demand and Supply side Inflation, Causes and effects of Inflation, Methods to Check Inflation, stagflation and Anti-Inflation Policy, Inflation and Indian Economy; Inflation and Unemployment: Philips curve, The Relationship between Inflation and Unemployment, Long run Phillips Curve; Business Cycles: Meaning and Nature; Theories of trade Cycle: Schumpeter, Keynesian, Samuelson and Hicks; Non-Monetary theories of business cycles. Reading List • Dwivedi, D.N. (2010). Macroeconomics: Theory and Policy. Tata McGraw Hill, New Delhi. • Gali, Jordi (2015). Monetary Policy, Inflation and the Business Cycle. Princeton University Press. • Jha, Raghbendra (2008). Contemporary Macroeconomic Theory and Policy. Wiley Eastern Limited, New Delhi. |
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