UNIT – I

1. Money : Definition and Functions, 2. Role of Money in Economic System, 3. Value of Money and Theory of Money : Quantity Theory of Money, 4. Income and Expenditure Theory of Value of Money, 5. Inflation, Inflationary Gaps and Methods to Control Inflation, 6. Demand-pull Inflation and Cost-push Inflation, 7. Monetary Policy and its Objectives,

UNIT – II

1. National Income : Concept and Structure, 2. Measurement of National Income, 3. Theories of Employment : Classical Theory, 4. Keynesian Theory of Employment : Theory of Effective Demand, 5. Consumption Function, 6. Investment Function, 7. Theory of Multiplier, 8. Theory of Accelerator,

UNIT – III

1. Role of International Trade in Economic Development, 2. Theory of International Trade : Theory of Comparative Cost, 3. Modern Theory of International Trade or Heckscher-Ohlin Theory, 4. Free Trade and Protection, 5. The Rate of Foreign Exchange : Purchasing Power Parity Theory, 6. Gains from International Trade, 7. Balance of Payments and Correcting Balance of Payment Problems,

UNIT – IV

1. Monetary Standard—Gold Standard, 2. International Monetary Fund, 3. International Bank for Reconstruction and Development, 4. International Finance Corporation—IFC, 5. International Development Association—IDA.

UNIT – V

1. Commercial Banking—Meaning, Types and Functions, 2. Investment Policy and Principles of Commercial Bank, 3 . Commercial Banking in India, 4. Creation of Credit by Banks, 5. Central Bank : Functions and Methods of Credit Control.