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Public Finance [1]

Paper Code: 
ABF 402
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcome

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

  1. To comprehend the concept and evaluate the scope and importance of public finance and the basic principle behind the working of government authorities.
  2. Critically examine the effect of public expenditure on the economy and understand the various principles of public expenditure.
  3. To distinguish between the various sources of government revenue and classify the various types of  taxes.
  4. To analyse the effect of public debts and deficit financing with special reference to India.
  5. To critically evaluate the Federal structure of India and the objectives and recommendations of various Finance Commissions.

 

Interactive Lectures, Discussion, Tutorials, demonstrations, Team teaching.

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects
 

 

8.00
Unit I: 

Public Finance:

  • Meaning and Scope, Distinction between Private and Public finance,
  •  Principles of Maximum Social Advantage:
  • Dalton’s Pigou and Musgraves condition of maximum social advantage.

 

8.00
Unit II: 

Public Expenditure:

  • Meaning, Nature & Canons of Public expenditure,
  •  Effects of Public Expenditure on economic stabilization,

 production, distribution and economic growth

11.00
Unit III: 

Public Revenue:

  • 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

10.00
Unit IV: 

Public Debt:

  • 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.

 

8.00
Unit V: 

Federal Finance:

  • Meaning of federal finance,
  • Center- State financial relations in India.
  • Finance Commission: Structure,

Functions & Recommendations of latest finance commission.

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

 

 

References: 

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- RESOURCES:

·        National Digital Library

·        World Ebook Library

·        https://fincomindia.nic.in/ [2]

https://finmin.nic.in/ [3]

JOURNALS:

·        Public Finance Review: https://journals.sagepub.com/home/pfr [4]

·        South Asian Journal of Macroeconomics and Public Finance: https://journals.sagepub.com/home/smp [5]

International Journal of Public Finance: https://dergipark.org.tr/en/pub/ijpf [6]

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Academic Year: 
2022-2023 [7]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/public-finance-14

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/public-finance-14
[2] https://fincomindia.nic.in/
[3] https://finmin.nic.in/
[4] https://journals.sagepub.com/home/pfr
[5] https://journals.sagepub.com/home/smp
[6] https://dergipark.org.tr/en/pub/ijpf
[7] https://accountingtaxation.iisuniv.ac.in/academic-year/2022-2023