Goods market

1. Different Monetary Systems

2. 
   Money demand, supply and equilibrium
   
3. 
   Monetary Policy and OMOs
   
4. 
   Monetary aggregates
   
5. 
   Money Creation & Quantitative Theory of money
   
6. 
   RBI & Monetary Policy
   
7. 
   Banking system liquidity, surplus & deficit
   

Money comes in 3 forms primarily –

1. 
   Commodity money → deriving value from intrinsic value of
   

the underlying commodity (e.g.: gold, silver coins, etc)

2. 
   Representative money → money backed by a commodity
   
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     No intrinsic value. Value of the commodity supports its value
     

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  17th & 18th century: Corn, Tobacco, Fur used as backing. Modern eg is bitcoin
  
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  Precious metals like gold: Since it was backed by gold, not much
  

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  Govts would only be able to print as much money as the
  

3. 
   Fiat money → backed by a Govt. Paper money / coins
   

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  Legal tender: Unlawful to not accept fiat currency as money
  

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  An IOU, that everyone in the economy trusts, by virtue of it being
  

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