1. National Income Analysis—Concepts, 2. Methods of Measurement of National Income, 3. Circular Flow of Income, 4. Government and Foreign Sectors in National Income Accounts, 5. Determination of National Income and Employment in Classical Theory, 6. Determination of National Income and Employment under Keynesian Theory, 7. Monetary Theories of Trade Cycle,  8. Value of Money : Fisher and Cambridge Approach— Income and Expenditure Approach and Keynes Quantity Theory, 9. Prices : Inflation and Deflation (Monetary Approach, Keynesian Approach Non-Monetary Theories of Inflation, Effects of Deflation, Relationship between Inflation and Unemployment (Philips Curve) Okun’s Law and Concept of Stagflation), 10. Banking : Types and Functions—Structure and Management, 11. Assets and Liabilities of Banks, 12. Creation of Money (Credit) by Banks, 13. Commercial Banking–Principles and Practices, 14. Indian Banking System—Progress of Commercial Banks after Nationalisation—Recent Trends in Indian Banking, 15. Central Banking–Instruments of Monetary Control and other Functions, 16. Indian Monetary Market—Structure-Concept and Sources of Money Supply, 17. Reserve Bank of India—Regulatory and Promotional Functions, 18. Foreign Exchange—Concept, Demand and Supply of Foreign Exchange, External Value of Money–Deter-mination of Exchange Rate in Gold Standard— Purchasing Power Parity Theory, 19. International Monetary Fund : I.M.F., 20. International Bank of Reconstruction and Development (I.B.R.D.) or World Bank, 21. Exchange Control—Meaning, Objectives and Methods.