Udemy - Basics of Monetary Economics torrent

Basics of Monetary Economics
https://FreeCourseWeb.com

Instructors: Management Study Guide
1 section • 9 lectures • 1h 6m total length
Video: MP4 1280x720 44 KHz | English + Sub
Updated 7/2019 | Size: 706 MB

Money is something which is generally accepted as a medium of exchange.

What you'll learn
Barter and evolution of money
Functions and significance of money
Monetary standards
Value of money
Quantity theory of money
Income theory of money
Rate of interest
Demand for money
Requirements
No prior knowledge is required
Description
Students and working professionals who wanted to know about the basics of economics can enroll into this course. The introduction part begins with explaining about the barter system which was prevalent in those days and briefs about the difference between barter system and monetary economics. Multiple choice questions are added at appropriate places to test your knowledge and real life examples gives the readers an idea of how to implement few concepts practically.

Increasing difficulties and inconveniences of the barter system led to the invention of money. As the society developed, the division of labor and specialization increased and, as a result, the volume of production and trade expanded. In such conditions, the barter system of direct exchange between various commodities created difficulties, such as the problem of double coincidence of wants, the problem of a common measure of value, etc. To overcome these difficulties, money was invented.