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.