Module IV - Theory of Production Production production function total, marginal and average product (geometric & – – – arithmetical) short run analysis of production function returns to a factor - law of variable – – proportions three stages. – Production function with two variable inputs Isoquants properties Isocost line - – – – production decision - optimal input combination producers equilibrium expansion path long – – – run production function returns to scale - economies and diseconomies of scale internal and – – external economies - empirical production function: Cobb-Douglas production function - its properties. 25 hrs SEMESTER III CORE COURSE IV MODERN BANKING (EC3B04U) Module I - Banking: Structure and Theories Evolution of Banking - Italy and England - Brief history of commercial banking in India Structure of commercial banks Functions Credit creation Branch banking Unit banking – – – – – Mixed banking Chain banking Theories of Banking, Real Bills Doctrine Shiftability – – – – theory Anticipated Income theory Theories of portfolio management liquidity, safety and – – – profitability prime lending and sub-prime lending NPA Development banks , , SIDBI – – – – – Co-operative Banks in India their role in the field of rural credit. – (22 hrs) Module II - Central Bank Central Bank meaning Central Banking in Sweden, England, USA and India. – – Functions of Central Bank with reference to RBI Monetary policy of RBI Repo rate and – – Reverse Repo rate Call rate SLR & NLR. (15 Hrs) – – Module III Banking Sector Reforms and Emerging Trends – Banking sector reforms Narasimham Committee Reports New generation banks and – – emerging trends in banking e-banking, ATM, Debit and Credit cards Internet banking Core – – – banking Mobile banking, RTGS, NEFT, SWIFT, MICR cheques / drafts. (15 Hrs) – Module IV Practical Banking – Practical Banking Banker-customer relationship General and special relations – – – Garnishee order Negotiable instruments Credit instruments Cheques, drafts, promissory – – – notes, bills of exchange. Types of credit loans and advances cash credit overdraft – – – – discounting of bills of exchange. Modes of creating charges lien, pledge, mortgage & – hypothecation. (20 Hrs)
Module IV - Theory of Production Production – production function – total, marginal and average product – (geometric & arithmetical) – short run analysis of production function – returns to a factor - law of variable proportions – three stages. Production function with two variable inputs – Isoquants – properties – Isocost line - production decision - optimal input combination – producers equilibrium – expansion path – long run production function – returns to scale - economies and diseconomies of scale – internal and external economies - empirical production function: Cobb-Douglas production function - its properties. 25 hrs SEMESTER III CORE COURSE IV MODERN BANKING (EC3B04U) Module I - Banking: Structure and Theories Evolution of Banking - Italy and England - Brief history of commercial banking in India – Structure of commercial banks – Functions – Credit creation – Branch banking – Unit banking – Mixed banking – Chain banking – Theories of Banking, Real Bills Doctrine – Shiftability theory – Anticipated Income theory – Theories of portfolio management – liquidity, safety and profitability – prime lending and sub-prime lending – NPA – Development banks – , , SIDBI – Co-operative Banks in India – their role in the field of rural credit. (22 hrs) Module II - Central Bank Central Bank – meaning – Central Banking in Sweden, England, USA and India. Functions of Central Bank with reference to RBI – Monetary policy of RBI – Repo rate and Reverse Repo rate – Call rate – SLR & NLR. (15 Hrs) Module III – Banking Sector Reforms and Emerging Trends Banking sector reforms – Narasimham Committee Reports – New generation banks and emerging trends in banking – e-banking, ATM, Debit and Credit cards – Internet banking – Core banking – Mobile banking, RTGS, NEFT, SWIFT, MICR cheques / drafts. (15 Hrs) Module IV – Practical Banking Practical Banking – Banker-customer relationship – General and special relations – Garnishee order – Negotiable instruments – Credit instruments – Cheques, drafts, promissory notes, bills of exchange. Types of credit – loans and advances – cash credit – overdraft – discounting of bills of exchange. Modes of creating charges – lien, pledge, mortgage & hypothecation. (20 Hrs)
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