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

Title

Macroeconomics

Course Code

BBA 204

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 Understanding of Economics.

Co-requisites

Understanding of real-world economic events

Course Outcomes & Bloom's Level

BL2-Understand

CO 1

The students will be able to understand the national income aggregates and theories of output and employment.

BL2-Understand

CO 2

The students will develop an understanding about macroeconomic amplifiers, IS-LM Model and macroeconomic variables like inflation and business cycles.

BL4-Analyze

CO 3

Students will be able to analyze Policy Implications of various macroeconomic variables and models.

Course Elements

Skill Development

YES

Gender

Entrepreneurship

Human Values

Employability

Environment

Professional Ethics

Sustainable Development Goals

SDG 1: No poverty

Yes

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 comodulates

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

Introduction to Macroeconomics and National Income

• Macroeconomic Overview: Difference between Microeconomics and Macroeconomics; Importance of Macroeconomics for Business.
• National Income Concepts: GDP, GNP, NNP, Personal Income, Disposable Income.
• Measurement of National Income: Product, Income, and Expenditure Methods; Challenges in National Income measurements
• Circular Flow of Income: Two-sector, Three-sector, and Four-sector Models.

Lecture: For explaining fundamental concepts like GDP, GNP, and National Income measurement methods.

Hand on Practice for national Income Numerical

9

Module- II

 Theories of Output and Employment

• Classical Theory: Say’s Law of Markets; Full Employment Equilibrium.
• Keynesian Theory: Aggregate Demand and Aggregate Supply; Effective Demand; Equilibrium Output and Employment.
• Consumption Function: Keynes' Psychological Law of Consumption; APC, MPC, and Factors Influencing Consumption.
• Investment Function: Determinants of Investment; Marginal Efficiency of Capital; Role of Expectations.

Lecture: To build foundational knowledge on Classical and Keynesian theories.

Group Discussion: The 1930s Great Depression

9

Module- III

Economic Multipliers and IS-LM Model

• Multiplier Effect: Concept and Importance; Static vs. Dynamic Multiplier; Limitations.
• Accelerator Principle: Interaction of Multiplier and Accelerator
• IS-LM Model: Derivation of IS and LM Curves. Equilibrium in Goods and Money Market

Lecture: Explain theoretical derivations and mechanics of Multiplier, Accelerator, and IS-LM Model.

Hands on Problem Solving: Problems to calculate and interpret the Multiplier Effect and its interaction with the Accelerator.

9

Module- IV

Money, Inflation, and Business Cycles

• Demand for Money: Classical, Keynesian, and Friedman’s Theories.
• Supply of Money: Components of Money Supply; Measures of Money, Credit Creation by Commercial Banks.
• Inflation: Types, Causes, and Consequences.
• Phillips Curve Analysis: Short-run and Long-run Trade-offs Between Inflation and Unemployment.
• Business Cycles: Phases, Causes, and Impacts on Business Decisions.

 Lecture: To explain theories of demand and supply for money and inflation.

 Case Study:

1.      Hyperinflation in Argentina (1989–1990): Causes and Effect

2.      The 2008 Global Financial Crisis and Its Business Cycle Dynamics

9

Module- V

Macroeconomic Policies

• Monetary Policy: Tools (CRR, SLR, repo rate Reverse Repo rate, LAF, open market operations, Marginal Standing Facility, and qualitative techniques), Objectives, and Effectiveness; Central Bank’s Role.
• Fiscal Policy: Instruments (Public Expenditure, Taxation, Public borrowing, others), Objectives, and Challenges.
• Policy Implications: Effectiveness of Monetary and Fiscal Policies in the IS-LM Framework.
• Rational Expectations Hypothesis: Key Assumptions; meanings and criticism, Implications on Policy Effectiveness.

Lecture: Cover technical details of monetary and fiscal policies and the Rational Expectations Hypothesis.

Demonstration and discussion on monetary policy committee proceedings.

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

·       Froyen, R. T. (2013). Macroeconomics: Theories and Policies (10th ed.). Pearson.

·       Mankiw, N. G. (2020). Macroeconomics (10th ed.). Worth Publishers.

·       Dornbusch, R., Fischer, S., & Startz, R. (2018). Macroeconomics (13th ed.). McGraw-Hill Education.

Reference Books

·       Blanchard, O. (2021). Macroeconomics (8th ed.). Pearson.

·       Ahuja, H. L. (2022). Macroeconomics: Theory and Policy (23rd ed.). S. Chand Publishing.

·       Samuelson, P. A., & Nordhaus, W. D. (2020). Economics (20th ed.). McGraw-Hill Education.

MOOC Courses

·       Introductory Macroeconomics
Offered by Swayam, this course covers topics such as national income concepts, measurement methods, and macroeconomic theories, including Classical and Keynesian approaches. Swayam

·       Fundamentals of Macroeconomics
Available on My Mooc, this course offers a thorough view of macroeconomic principles, including market strengths and failures, which can help in understanding economic health. My Moo

·       Macroeconomics (Advanced Level)
Offered by HSE University, this course focuses on selected topics central to modern macroeconomics, such as short-run economic fluctuations and fiscal and monetary policies. HS

·       Intermediate Macroeconomics
This undergraduate course by Pascal Michaillat covers the IS-LM model of business cycles, unemployment models, inflation, and economic growth, providing a deeper understanding of macroeconomic concepts.  Pascal Michaillat

COs/POs/PSOs

PO1

PO2

PO3

PO4

PO5

PO6

PO7

PO8

PO9

PO10

PSO1

PSO2

PSO3

CO1

3

2

3

1

2

2

1

2

2

2

3

2

2

CO2

3

3

3

1

2

2

2

3

3

2

3

2

3

CO3

3

3

3

2

2

2

3

3

3

2

3

3

3