Guide to Money, Banking and International Trade

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Description
Economics is an exciting and dynamic subject, but students ought to be given an apt orientation on its relevance and usefulness. For students who care about how the economy works, economics is one of the most relevant subjects they can try to master. A course on Money, Banking and International Trade must open the eyes to a new way of thinking and living. The subject matter of economics is the individual and the society in which we live. Economics teaches the learners how to apply economic principles to their daily lives. The students want and need a good understanding of how economics can be applied outside the classroom. This book on Money, Banking and International Trade fulfils the requirements of any student on the study of Economics, especially for Law and Business. This text has been written as per the revised syllabus for the BA LLB, 5 Year course prescribed by KSLU. The primary goal in bringing out this book has been to provide a Text that is simple, lucid and easy to understand the basics of money, banking and international trade for those pursuing to the requirements of Law. We believe that the basic economic concepts are so important that students should remember them beyond the final examination. This book on Money, Banking and International Trade has been the outcome of more than three decades of teaching experience and we owe a debt of gratitude to our great Professors who taught us Economics.
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Contents
UNIT I
CHAPTER 1 : Money: Meaning and Functions
CHAPTER 2 : Value of Money and Index Numbers
CHAPTER 3 : Quantity Theory of Money
CHAPTER 4 : Inflation and Deflation
UNIT II
CHAPTER 5 : Money Market
CHAPTER 6 : Functions of Commercial Banks
CHAPTER 7 : Credit Creation
UNIT III
CHAPTER 8 : Functions of a Central Bank
CHAPTER 9 : Monetary Policy
UNIT IV
CHAPTER 10 : Importance of International Trade
CHAPTER 11 : Theory of International Trade
CHAPTER 12 : The Modern Theory: Heckscher-Ohlin Theory
CHAPTER 13 : Terms of Trade - Tariffs & Quotas
UNIT V
CHAPTER 14 : Balance of Payments
CHAPTER 15 : Disequilibrium in Balance of Payments
CHAPTER 16 : Foreign Exchange Market
CHAPTER 17 : Fixed vs Flexible Exchange Rate System
CHAPTER 18 : Exchange Control
CHAPTER 19 : From the GATT to the WTO
CHAPTER 20 : Foreign Direct Investment
CHAPTER 21 : Multinational Corporations (MNCs)
Appendices
Appendix 1: Glossary
Appendix 2: Bibliography / References
Appendix 3: Question Paper Pattern
Appendix 4: Model Questions.
Appendix 5: List of Nationalised Banks.
Appendix 6: List of Private Sector Commercial Banks
Appendix 7: List of Foreign Banks
Appendix 8: List of Governors of RBI
Appendix 9: List of Leading Currencies and the Exchange Rate
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Author Details
Dr. Tomy Varghese
Dr. Sallyamma Job