Chapter 15

Chapter Title and Course Information

This section introduces the course material for 'Money, Banking & Public Finance' as offered by Vardhman Mahaveer Open University, Kota. The chapter title is 'सार्वजनिक व्यय, नियम, उत्पादन तथा वितरण पर प्रभाव' (Public Expenditure, Rules, Impact on Production and Distribution), which is Chapter 15 in the curriculum. The introductory pages list the university, course code (EC-06), and details about the editorial committee, authors, and contributors. It also provides the ISBN and copyright information, emphasizing that reproduction of any part of the material requires written permission from the university. The course is designed for third-year students of Arts/Science with Economics as a subject, and covers a comprehensive syllabus related to money, banking, and public finance.

• Course offered by Vardhman Mahaveer Open University, Kota.
• Chapter 15 focuses on public expenditure and its impact.
• Editorial and authorship details are provided.
• Copyright and reproduction rules are stated.
• 📌 Public Expenditure: Government spending on goods and services.
• 📌 Money: Medium of exchange and store of value.
• 📌 Banking: Financial institutions facilitating monetary transactions.

Course Structure and Syllabus Outline

The syllabus outline provides a detailed breakdown of the units covered in the course. There are 17 units, each focusing on a specific aspect of money, banking, and public finance. The units range from the meaning, functions, and importance of money, to the demand and supply of money, theories of money quantity, banking operations, central bank functions, monetary policy, international trade, exchange rate determination, public finance, taxation principles, and public debt. Each unit is assigned specific page numbers, indicating the depth and coverage of each topic. The structure ensures a logical progression from basic concepts to advanced applications in economics.

• 17 units covering all aspects of money, banking, and public finance.
• Units include theory, practical applications, and policy analysis.
• Topics range from money's functions to international finance and taxation.
• Page numbers indicate the extent of coverage for each unit.
• 📌 Unit: A distinct section of the syllabus focusing on a specific topic.
• 📌 Monetary Policy: Actions by the central bank to control money supply and interest rates.
• 📌 Public Debt: Borrowings by the government from internal and external sources.