Title

Money & Banking

Course Code

ACC 401

Year

1^st

Semester

II

Credits

L

T

P

3

0

0

Course Type
Theory/Lab

Theory

NEP/non-NEP
All Bachelor Courses are NEP, and PG Courses is non-NEP

NEP

Course Category

Leave this Blank

Pre-requisite/s

Basic Understand about concepts related to Money

Co-requisites

Understand of Banking system in India

Course Outcomes & Bloom's Level

BL2- Understand

CO 1

Students will be able to understand the evolution of money, its functions, and the characteristics of good money.

BL-1 Remembering

BL2- Understand

CO 2

Students will be able to grasp the concepts of price index numbers and their significance in measuring inflation. They will also be able to recall the functions of commercial banks and the role of the central bank in regulating the money supply.

BL3- Applying

CO 3

Students will be able to apply their knowledge to match key players with their primary roles in the Indian financial markets.

Course Elements

Skill Development

YES

Gender

Entrepreneurship

Human Values

Employability

Environment

Professional Ethics

Yes

Sustainable Development Goals

SDG 1: No poverty

SDG 7: Affordable and clean energy

SDG 13: Climate action

SDG 2: Zero hunger

SDG 8: Decent work and economic growth

SDG 14: Life below water

SDG 3: Good health and well-being

SDG 9: Industry, innovation, and infrastructure

Yes

SDG 15: Life on land

SDG 4: Quality education

SDG 10: Reduced inequalities

Yes

SDG 16: Peace, justice, and strong institutions

YES

SDG 5: Gender equality

SDG 11: Sustainable cities and commModuleies

SDG 17: Partnerships for the goals

SDG 6: Clean water and sanitation

SDG 12: Responsible consumption and production

Modules

Content

Pedagogy

Lecture/ Case Study/ Experiential Learning/ Simulation/ Problem-Based Learning (PBL)/ Seminar/ Role-Playing

Hours

Credit- 3 (9 hrs)

Credit 4 (12 hrs)

Practical Credit 1 (30 Hrs)

Module- I

Money and Its Functions

Evolution of money, Money: Meaning and functions; Classification of money: Money and Near Money; Qualities of good money material; Role of money in a developing and mixed economy: Gresham's Law, introduction to cryptocurrency & Non Fungible Tokens

Lecture & Discussion

Case Study: Gresham's Law and Digital Currency: Can Poor-Quality Digital Money Replace Good-Quality Digital Currency?

Experiential Learning: Demonstrate online databases (RBI reports, World Bank data) for students to explore money supply trends in India and globally.

9

Module- II

Price Index Numbers and Theories of Money

Price Index Numbers: Meaning and types; Steps in Construction of Price Index Numbers; Conceptual and Practical difficulties in the Measurement of Index Numbers; Importance of Index Numbers: Fisher's Transactions Approach and Cambridge Cash Balance Approach; A comparison of Fisherian and Cambridge Versions

Lecture & Discussion

Hands on practice for calculation of Index Numbers

Experiential Learning: Demonstration of CPI & WPI data sets so that students develop familiarity with datasets related to index numbers

9

Module- III

Commercial Banking

Commercial Banks: Meaning and functions; Types of Banks; Role of Commerce Banks in a developing economy, Process of Credit creation; Structure of Indian Commercial Banking; Banking Sector Reforms in India since 1991

Lecture & Discussion

Experiential Learning (field work): Students to prepare a digital report on visiting a bank. Student may observe the following during the visit:

Banking Operations:

·       Customer service counters handling account opening, deposits, withdrawals, and inquiries.

·       Loan desks managing personal, business, or home loan applications.

Banking Products and Services:

·       Various account types (savings, current, fixed deposits).

·       Insurance, mutual funds, and investment services offered.

Customer Interaction:

·       How staff engage with customers, resolve queries, and process transactions.

·       Queue management and customer flow systems.

9

Module- IV

Central Banking

Central Bank: Meaning and Functions; Objectives of Credit Control: Qualitative and quantitative Methods of Credit Control; Role of Central Bank in Developing Economy: Difference between Central Bank and Commercial Bank.

Lecture & Discussion

Group Discussion: Latest Monetary Policy Proceedings (India)

9

Module- V

Money Market and Capital Market (Indian Financial Market)

• Money Market: Structure of Indian Money Market, Instruments of Money Market in India, money market participants in India 
• Capital markets: Structure of Indian Capital Market (primary & secondary market), Instruments of capital market, capital market participants in India
• Regulator of Money Market; RBI and Capital Market; SEBI

Lecture & Discussion

Case Study: Harshad Mehta Scam 1992

Experiential Learning: Demonstrate investing platforms of money market & capital market instruments

9

Theory

Total Marks

Minimum Passing Marks

External Evaluation

Min External Evaluation

Internal Evaluation

Min. Internal Evaluation

100

40

60

18

40

12

Practical

Total Marks

Minimum Passing Marks

External Evaluation

Min. External Evaluation

Internal Evaluation

Min. Internal Evaluation

Books

·       Mishkin, F. S. (2018). The Economics of Money, Banking, and Financial Markets (12th ed.). Pearson.

·       Bhole, L. M., & Mahakud, J. (2022). Financial Institutions and Markets: Structure, Growth, and Innovations (6th ed.). McGraw Hill.

·       Fabozzi, F. J., Modigliani, F., Jones, F. J., & Ferri, M. G. (2019). Foundations of Financial Markets and Institutions (5th ed.). Pearson.

Reference Books

·       Ghosh, A. (2017). Indian Economy: Performance and Policies (5th ed.). Oxford University Press.

·       Rangarajan, C. (2019). Principles of Macroeconomics. McGraw Hill Education.

·       Khan, M. Y., & Jain, P. K. (2022). Financial Management: Text, Problems, and Cases (8th ed.). McGraw Hill.

MOOC Courses

·       Economics of Money and Banking

Instructor: Perry G Mehrling LINK: https://www.coursera.org/learn/money-banking

·       Economics of Money and Banking

Instructor: Perry G Mehrling LINK: https://www.my-mooc.com/en/mooc/economics-of-money-and-banking

·       Economics of Money and Banking

From www.coursera.org LINK: https://www.my-mooc.com/en/mooc/money

COs

PO1

PO2

PO3

PO4

PO5

PO6

PO7

PO8

PO9

PO10

PSO1

PSO2

PSO3

CO1

3

2

3

2

1

2

2

2

1

1

2

2

2

CO2

2

3

3

2

2

1

2

2

3

1

2

2

2

CO3

2

1

2

1

2

2

3

2

2

1

3

3

3