The objective of this course is to understand various components of Public Finance and impart the understanding of Indian Federal structures.
Course |
Learning Outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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ABF 402 |
Public Finance |
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, demonstrations, Team teaching.
Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Chart Preparations. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
• Meaning and Scope, Distinction between Private and Public finance,
• Principles of Maximum Social Advantage:
• Dalton’s Pigou and Musgraves condition of maximum social advantage
• Meaning, Nature & Canons of Public expenditure,
• Effects of Public Expenditure on economic stabilization,
• production, distribution and economic growth.
• Meaning, Canons of taxation,
• Incidence and Effect of Taxation and Classification of Taxes:
• Single vs. Multiple, Proportional vs. Progressive,
• Direct and Indirect Tax. GST -concept and implications,
• Problem of tax evasion and black money
• Meaning, Types of Debt,3
• recent trends of public debt in India.
• Deficit Financing: Various concepts of Deficit Financing-
• Revenue deficit, Fiscal deficit, and Primary deficit
• Meaning of federal finance,
• Center- State financial relations in India.
• Finance Commission: Structure,
• Functions & Recommendations of latest finance commission.
• H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi
• B.P.Tyagi – Public Finance, Jai Prakash Nath & Co., Meerut.
• Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi.
• Musgrave R.A. and Musgrave P.A. – Public Finance in Theory and Practice., Tata Mc graw Hill
• M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra.