The ECO604 – Monetary Economics book covers both theoretical and practical aspects of money, banking, and monetary policy. ECO604 handout explains the nature and functions of money, the role of central banks, and the mechanisms of money supply and demand. Students will explore topics such as inflation, interest rates, exchange rates, balance of payments, and how monetary policy affects economic stability and growth.
ECO604 book also examines modern monetary issues, including digital currency, Islamic monetary principles, and financial crises. With its clear explanations, diagrams, and examples from both global and Pakistani contexts, it equips learners with the knowledge to analyze and interpret real-world economic situations.
Specially tailored for VU students, the content aligns with the official course outline, making it an ideal resource for assignments, quizzes, GDBs, and exam preparation. Whether you aim for academic excellence or a career in banking, finance, or economic policy-making, this book serves as a valuable foundation.
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