Syllabus (ECONOMICS)
Course Type: MAJ-18
Semester: 8
Course Code: BECOMAJ18T
Course Title: Money and Financial Economics
(L-P-Tu): 5-0-1
Credit: 6
Practical/Theory: Theory
Course Objective:
Learning Outcome: Course Objective: After getting general theoretical knowledge on basic foundation course, this course will helps the learners to make introductory ideas on monetary economics and financial economics. The position & problems of our country in respect of fi
- Money: (10)
Barter System; Introduction of Money; Paper Currency and Bank Money; Concept, functions, measurement; Theories of money supply determination.
- Financial Institutions: (25)
Markets, Instruments and Financial Innovations; Role of financial markets and institutions; Problem of asymmetric information – adverse selection and moral hazard; Financial crises.
- Money and Capital Markets: (15)
Organization, structure and reforms in India; Role of financial derivatives and other innovations; Financial Markets and Interest Rates Behaviour; Determination; Sources of interest rate differentials; theories of term structure of interest rates; interest rates in India.
- Banking System: (25)
Balance sheet and Portfolio management; Multiple Deposit Creation, Determinants of the Money Supply; Indian Banking System: Changing role and structure; Banking sector reforms.
- Central Banking and Monetary Policy: (15)
Functions, balance sheet; Goals, targets, indicators and instruments of monetary control; Monetary management in an open economy; Current monetary policy of India; Central Bank Digital Currency; Crypto currency.
Reading References:
- F.S. Mishkin and S. G. Eakins, 2009, Financial Markets and Institutions, Pearson Education, 6th edition.
- F.J. Fabozzi, F. Modigliani, F. J. Jones, M. G. Ferri, 2009, Foundations of Financial Markets and Institutions, Pearson Education, 3rd edition.
- M.R. Baye and D. W. Jansen, 1996, Money, Banking and Financial Markets, AITBS.
- Rakesh Mohan, 2011, Growth with Financial Stability: Central Banking in an Emerging Market, Oxford University Press.
- L.M. Bhole and J. Mahukud, 2011, Financial Institutions and Markets, Tata McGraw Hill, 5th edition.
- M.Y. Khan, 2011, Indian Financial System, Tata McGraw Hill, 7th edition.
- N. Jadhav, 2006, Monetary Policy, Financial Stability and Central Banking in India,
Macmillan. - CAE Goodhart, 1985, Money Information and Uncertainty, Springer Publication.
- D. Bhowmik, 2022, An Approach Towards Central Bank Digital Currency, Kunal Books, New Delhi.
- R.B.I., 1998, Report of the Working Group: Money Supply Analytics and Methodology of Compilation.
- R.B.I. Bulletin, Annual Report and Report on Currency and Finance.
Basic Features
Undergraduate degree programmes of either 3 or 4-year duration, with multiple entry and exit points and re-entry options, with appropriate certifications such as:
- UG certificate after completing 1 year (2 semesters with 40 Credits + 1 Summer course of 4 credits) of study,
- UG diploma after 2 years (4 semesters with 80 Credits + 1 Summer course of 4 credits) of study,
- Bachelor’s degree after a 3-year (6 semesters with 120 credits) programme of study,
- 4-year bachelor’s degree (Honours) after eight semesters (with 170 Credits) programme of study.
- 4-year bachelor’s degree (Honours with Research) if the student completes a rigorous research project (of 12 Credits) in their major area(s) of study in the 8th semester.
Note: The eligibility condition of doing the UG degree (Honours with Research) is- minimum75% marks to be obtained in the first six semesters.
- The students can make an exit after securing UG Certificate/ UG Diploma and are allowed to re-enter the degree programme within three years and complete the degree programme within the stipulated maximum period of seven years.
