Ch 13Free

Chapter 13

🎓 Vardhman Mahaveer Open University📖 SLM - Money, Banking & Public Finance📖 470 notes⏱️ ~705 min
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Chapter 13Study Notes

NCERT-aligned · 470 notes · 3 shown free

Course Design Committee

Explanation

Course Design Committee

This section provides details about the academic and administrative team responsible for the design, coordination, and authorship of the course 'Money, Banking & Public Finance' as offered by Vardhman Mahaveer Open University, Kota. The committee includes the Chairperson, Coordinators, Editors, and contributing authors from various academic institutions across Rajasthan and other states. Their collective expertise ensures the course content is accurate, comprehensive, and up-to-date with current economic theories and practices. The section also mentions the copyright policy, stating that reproduction of any part of the material without written permission from the university is prohibited.

  • Lists the academic and administrative members involved in course creation.
  • Mentions the institutions and departments the contributors are affiliated with.
  • Highlights the editorial and authorship roles for different course units.
  • States the copyright and reproduction policy for the material.
  • 📌 Course Design Committee: A group of academic professionals responsible for developing and overseeing the curriculum.
  • 📌 Editor: The person responsible for compiling, reviewing, and finalizing the course content.
  • 📌 Copyright: Legal right to control the reproduction and distribution of the material.

Unit-wise Syllabus Overview

Summary

Unit-wise Syllabus Overview

This section outlines the structure of the course 'Money, Banking & Public Finance' by listing all 17 units along with their titles and corresponding page numbers. The units cover a wide range of topics, starting from the basics of money, its functions, and importance, to advanced topics such as public finance, taxation, and fiscal federalism. Each unit is designed to build upon the previous one, providing a logical progression from foundational concepts to more complex economic theories and applications. The syllabus also indicates the inclusion of both theoretical frameworks and practical aspects, such as the working of commercial and central banks, monetary policy, international trade, and the principles of taxation and public expenditure.

  • Lists 17 units covering all aspects of money, banking, and public finance.
  • Provides a logical sequence from basic to advanced economic concepts.
  • Includes both Indian and international perspectives on monetary and fiscal issues.
  • Indicates the integration of theory and practical applications.
  • 📌 Syllabus: An outline of the subjects in a course of study.
  • 📌 Unit: A distinct section of the syllabus focusing on a specific topic.
  • 📌 Public Finance: The study of government revenue and expenditure.

Course Introduction

Explanation

Course Introduction

The introduction emphasizes the fundamental role of money in the economic world. Quoting Geoffrey Crowther from his 1951 book 'Outline of Money', it is stated that money is the most basic invention among all human inventions, comparable to the wheel