AMU B.A Economics – ECB-152, Money and Prices

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This paper include below syllabus

Unit-I
Money: definition-theoretical and empirical, classification and functions; Money and near
money; Gresham’s law; System of note issue; Value of money: concept and measurement;
Quantity theory of money-cash transaction and cash balance approaches, Wicksell’s
contribution; Brief history of Indian Rupee; Virtual Money
Unit-II
Demand for money: Classical, Keynes, Friedman’s and Tobin’s approaches; Supply of money:
Money supply functions, components and determinants; H-theory of money supply; Money
multiplier-concept and determinants; Measures of money supply; Reserve bank’s analysis of
money supply

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