Coming soon
Public Economics-II
- To help students understand the various aspects related to public debt and to analyze the trends of public debt in India.
- To determine the role and objectives of fiscal policy, deficit financing and budget. To help understand the budgetary process in India. The student will understand the various types of budget and the investment evaluation.
- To analyze the centre state financial relations in India in relation to fiscal federalism
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24ECO 225 |
Public Economics-II (Theory) |
Student will CO61: analyze the different aspects of public debt and its trends in India CO62: analyze various aspects of fiscal policy and balanced budget multiplier CO63: examine deficit financing, budgetary deficits in India, budget and budgetary process in India CO64: comprehend the criteria for public investment and different types of budget CO65 analyze the various aspects of federal finance and Centre State financial relations in India and recommendations of the 15thFinance Commission CO66: contribute effectively in course-specific interaction.
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Approach in teaching: Interactive Lectures, Discussion, Case studies.
Learning activities for the students: Presentations, Assignments and Group discussions. |
Class activity, Assignments, Quiz and Semester end examinations. |
- 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
- 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
- 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
- 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
- Essential Features, & Principles of Federal Finance
- The Rationale of Fiscal Federalism; Vertical & Horizontal Imbalance
- Centre State Financial Relations in India
- Role of Finance Commission
- Recommendations of 15th Finance Commission
- Lekhi, R. K. and Singh Joginder Public Finance, Latest edition, Kalyani Publishers, Ludhiana. 2015
- Bhatia, H. L., Public Finance, Recent Edition, Vikas Publication, New Delhi. 2018
Suggested Readings:
- Musgrave, Richard A., Theory of Public Finance, McGraw, 1959.
- Musgrave, R. A. and P. B. Musgrave, Public Finance in Theory and Practice, McGraw Hill Education; 5th edition 2017.
- Datt, RuddarandSundharam K P M Indian Economy, S. Chand & Company Limited, New Delhi 2018.
- GangulySobrata, Public Finance, The World Press Private Ltd. Calcutta. 1992
- Rosen, S. Harvey and Gayer, Ted Public Finance, Latest Edition, Tata MCGraw Hill Education Private Limited, New Delhi2012
- Hindriks, Jean and Myles, D. Gareth, Intermediate Public Economics, Latest Edition, PHI Learning Private Limited, Delhi 2014
E Resources:
Journals:
- Public Budgeting & Finance, Wiley Online Library
- Journal of Economics and Public Finance, Scholink
