Overview of Key Topics
Topics Covered:
Analysis of income, capital, poverty, and
employment
Historical context of trade and money in ancient
India
The role of money as a medium of exchange
Various sources of credit
Significance of self-help groups
Evolution of Money as a Medium of Exchange
Ancient Times:
Barter System: Exchange of goods and services
Commodity Money: Use of precious metals, shells
Medieval Period:
Metal Coins: Standardized currency
Modern Times:
Paper Money: Banknotes and currency notes
Digital Money: Electronic transactions and cryptocurrencies
Sources of Credit
Formal Sector:
Banks: Types and services
Cooperative Societies: Community-based
lending
Microfinance Institutions: Small-scale loans
Informal Sector:
Moneylenders: Risks and benefits
Friends and Family: Personal loans
Group Discussion: Role of Money as Medium of
Exchange
Activity: Discuss how money facilitates transactions from ancient times to
present
Key Points:
Efficiency of transactions
Comparison with barter system
Impact on economic growth