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Reserve Bank of India (RBI)

: Deep dive into the functions, balance sheet, and historical evolution of India's apex bank.

• Chapter 1-3: Definition & Functions of Money – Covers barter systems, commodity money, and the legal definition of money.
• Chapter 4-6: Value of Money & Quantity Theory – Deep dives into Fisher’s Equation (MV=PT) and the Cambridge Cash Balance Approach.
• Chapter 7-9: Inflation & Deflation – A strong section on demand-pull vs. cost-push inflation, specifically in the context of the Indian economy.

• Nature and Functions of Money: Evolution, classification, and functions (primary, secondary, and contingent).
• Monetary Standards: Gold standard, paper currency standard, and the current Indian monetary system.
• Value of Money: Quantity Theory of Money (Fisher’s equation), Cambridge Cash Balance Approach, and Keynesian Theory.
• Inflation and Deflation: Causes, effects, and control measures.

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