Introduction Basics of Monetary Economics
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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
- 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.