Coming soon
Public Finance
This course will enable the students to comprehend the fundamental principles and intricacies of public finance, fostering a comprehensive understanding of fiscal policies and their implications for economic stability and growth.
|
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
|
Course Code |
Course Title |
|||
|
24CFSG 603A |
Public Finance (Theory)
|
CO 163:Evaluate the scope, importance, and principles of public finance and government authorities. CO 164:Examine the impact of public expenditure on the economy and understand its principles. CO 165:Distinguish sources of government revenue and classify types of taxes. CO 166:Analyze the effect of public debt and deficit financing in India. CO 167:Evaluate India's federal structure and objectives and recommendations of Finance Commissions. CO 168:Contribute effectively in course-specific interaction
|
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Powerpoint presentations. Learning activities for the students: Self-learning assignments, Seminar presentation. |
CA test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, and Presentations. |
|
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
|
Course Code |
Course Title |
|||
|
24CFSG 603A |
Public Finance (Theory)
|
CO 163:Evaluate the scope, importance, and principles of public finance and government authorities. CO 164:Examine the impact of public expenditure on the economy and understand its principles. CO 165:Distinguish sources of government revenue and classify types of taxes. CO 166:Analyze the effect of public debt and deficit financing in India. CO 167:Evaluate India's federal structure and objectives and recommendations of Finance Commissions. CO 168:Contribute effectively in course-specific interaction
|
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Powerpoint presentations. Learning activities for the students: Self-learning assignments, Seminar presentation. |
CA test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, and Presentations. |
- Meaning and Scope,
- Distinction between Private and Public finance.
- Role of public finance in augmenting allocative efficiency, distribution justice and economic stability in the economy
- Principles of Maximum Social Advantage: Dalton’s Pigou and Musgraves condition of maximum social advantage.
- Practical: Role-play scenarios to understand public finance concepts
- Meaning, Nature and significance
- Canons of Public expenditure.
- Effects of Public Expenditure on economic stabilization, production, distribution and economic growth.
- Public Budget: kinds of budget, economic and functional classification of the budget; Balanced and unbalanced budget, Steps of Preparation of union budget.
- Practical: Presentation on the effects of public expenditure, incorporating case studies for analysis
- Meaning, Canons of taxation,
- Incidence and Effect of Taxation,
- Classification of Taxes(Single vs. Multiple, Proportional vs. Progressive, Direct and Indirect Tax).VAT, GST, concept and implications.
- Problem of tax evasion and black money, Role od direct and indirect taxes in developing countries
- Practical: Debate on tax policies, followed by report writing on the implications of taxes like VAT and GST.
- Meaning, Types of Debt, Effects of Public debts- production, distribution and consumption.
- Deficit Financing: Various concepts of Deficit Financing- Revenue deficit, Fiscal deficit, and Primary deficit.
- Practical: Analyze case studies on public debt management, then present findings on deficit financing implications.
- Meaning of federal finance principles of federal finance, Centre- State financial relations in India.
- Finance Commission-Introduction , Structure and functions, ,Recommendations of recent Finance Commission. Present fiscal policy of India
- Practical: Simulate Finance Commission meetings to grasp federal financial relations, followed by reports on their recommendations and fiscal policy implications
- H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi
- B.P.Tyagi – Public Finance, Jai Prakash Nath & Co., Meerut.
- Musgrave R.A. and Musgrave P.A. – Public Finance in Theory and Practice., Tata Mc graw Hill
- Sarma L.S and MankarV.G: Public Finance Theory and Practice, Himalaya Publication
Essential Readings :
- H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi
- B.P.Tyagi – Public Finance, Jai Prakash Nath & Co., Meerut.
- Musgrave R.A. and Musgrave P.A. – Public Finance in Theory and Practice., Tata Mc graw Hill
- Sarma L.S and MankarV.G: Public Finance Theory and Practice, Himalaya Publication
Suggested Readings :
- Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi
- M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra.
- Mithani D.M, Money, Banking, International Trade and Public Finance. Himalaya Publishing House.
E-Content:
- National Digital Library
- World Ebook Library
- https://fincomindia.nic.in/
- https://finmin.nic.in/
Reference Journals:
- Public Finance Review: https://journals.sagepub.com/home/pfr
- South Asian Journal of Macroeconomics and Public Finance: https://journals.sagepub.com/home/smp
Suggested Readings :
- Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi
- M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra.
- Mithani D.M, Money, Banking, International Trade and Public Finance. Himalaya Publishing House.
E-Content:
- National Digital Library
- World Ebook Library
- https://fincomindia.nic.in/
- https://finmin.nic.in/
Reference Journals:
- Public Finance Review: https://journals.sagepub.com/home/pfr
- South Asian Journal of Macroeconomics and Public Finance: https://journals.sagepub.com/home/smp
