BLACK FRIDAY: Enrol into any course for ₦3000 (over 80% off). This offer is ending soon. Enrol Now! x

Basics of Monetary Economics

Use of money did not remove all the difficulties of barter. There was still the difficulty of bringing the two parties together. This difficulty was removed, when the money, the unit of account, also become the medium of exchange. Monetary economy is the opposite of barter system. The use of money converts a barter economy into a monetary economy.

  • 3000
  • 10000
  • Course Includes
  • 1 Hour Video Course
  • 1 Year Access
  • Free Certificate of Completion

Enrol and get access to the full course.

What you will learn

  • Functions and significance of money
  • Monetary standards
  • Understand the true value of money
  • Income theory of money
  • Rate of interest
  • Demand for money

Requirements

  • This course is a basic course, no special knowledge is needed to take it.

Description

The use of money did not remove all the difficulties of barter.  There was still the difficulty of bringing the two parties together.  This difficulty was removed, when the money, the unit of account, also become the medium of exchange. The monetary economy is the opposite of the barter system.  The use of money converts a barter economy into a monetary economy. Monetary economics refers to the economic system in which money is used as a medium of exchange. Take this short course to understand the concept of Monetary economics.

Course Content

Click on the tabs to view all the contents
Introduction Basics of Monetary Economics
preview 2min
Barter and evolution of money