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It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

PUBLIC ECONOMICS - II | Economics

PUBLIC ECONOMICS - II

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Paper Code: 
ECO 225
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To develop an understanding of various issues related to public Finance

12.00
Unit I: 
Public Debt
  • Classical View, Sources, Classification & Effects of Public Debt
  • Burden of Public Debt on Future Generation
  • Redemption of Public Debt
  • Public Debt Management: objectives & Principles
  • Trends of Public Debt in India
12.00
Unit II: 
Fiscal Policy
  • Fiscal Policy: Meaning, Objectives & Instruments
  • Fiscal Policy for  stabilization: Automatic Stabilizers & Discretionary Stabilizers
  • Interdependence of Fiscal & Monetary policies
  • Fiscal Policy in a developing economy
  • Balanced budget multiplier
12.00
Unit III: 
Deficit Financing & Budget
  • Deficit Financing: Objectives, Role, Effects & Limits
  • Budgetary Deficits
  • Central Government deficits since 1990-91
  • Government budget: meaning and purpose
  • Budget as an instrument of economic policy
  • The budgetary process in India: Preparation, legislation and execution
12.00
Unit IV: 
Investment Evaluation
  • Criteria for Public Investment
  • Project Evaluation
  • Cost benefit Analysis: Meaning, Criteria & Limitations
  • Planning & Programme Budgeting system(PPBS)
  • Zero Base Budgeting, performance budgeting, outcome budgeting, gender budgeting
12.00
Unit V: 
Federal Finance
  • Essential Features,  & Principles  of Federal Finance
  • The Rationale of Fiscal Federalism
  • Vertical & Horizontal Imbalance
  • Centre State Financial Relations in India
Essential Readings: 
  1. Musgrave, R. A. and P. B. Musgrave, 1980, Public Finance in Theory and Practice, McGraw Hill, Kogakusha, Tokyo.
  1. Dalton, Huge, Principles of Public Finance, 1971, Rontledge and Hegan Paul Limited, London.
  1. Herber, B. P., Modern Public Finance, 1976, Richard D Iruin, Homewood.
  1. Datt., Ruddar and K.P.M. Sundaram, Indian Economy, 2001, S. Chand & Company Limited, New Delhi.
  1. Ganguly S., Public Finance, 1999, The World Press Private Ltd. Calcutta.
  1. Goode, R.(1986), Government Finance in Developing Countries, TMH, New Delhi.
  1. Jha. R.(1998), Modern Public Economics, Routledge, London.
  1. Atkinson, A.B. and J.E. Siglitz (1980), Lectures on Public Economics,TMH, New York.
  1. Tyagi, B.P., Public Finance, Latest edition, Jain Praksash Nath & Company, Meerut.
  1. Bhatia, H. L., Public Finance, Recent Edition, Vikas Publication, New Delhi.
  1. Musgrave, Richard A. (1959), Theory of Public Finane, McGraw Hill, Kognakhusa, Tokyo.
Academic Session: 
2015-16
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