The Basics of Monetary Economics: Understanding Money, Value, and Interest course provides a comprehensive understanding of how money influences economic growth, stability, and decision-making. You’ll start with an overview of monetary economics, exploring the shift from the barter system to modern financial systems. Through these early lessons, you’ll gain a historical and conceptual understanding of how money became the cornerstone of trade, investment, and economic progress.

The course then moves into the functions and standards of money, explaining how it serves as a medium of exchange, store of value, and measure of worth. You’ll learn about different monetary standards, including metallic and paper systems, and how each impacts inflation, stability, and trust in an economy. By examining both classical and modern perspectives, you’ll understand how the design of monetary systems affects national and international markets.

A key part of this course explores the value and theories of money, where you’ll study the Quantity Theory of Money and the Income Theory of Money to understand what determines price levels and purchasing power. These lessons clarify how monetary policy, central banks, and the flow of money interact to maintain economic balance.

Finally, the course delves into money demand and interest, highlighting how the rate of interest shapes borrowing, investment, and consumption behaviour. You’ll learn about the determinants of money demand, the role of liquidity, and the relationship between monetary supply and economic growth. By the end of this course, you’ll have a strong grasp of how money circulates through the economy and how financial systems use it to manage stability, growth, and policy objectives.

Whether you’re preparing for studies in economics, working in finance, or seeking to understand the monetary mechanisms behind real-world events, this course equips you with the essential principles and analytical skills to think like an economist.