To develop an understanding of various issues related to public Finance
• 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