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Admissions

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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Placements

Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Life@IIS Univ

Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with vibrant events and memorable occasions to cherish for a lifetime.

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Academics

Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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Research

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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About Us

The IIS University, with its perfect amalgamation of innovation, inspiration and synergy, aims to be a model institution for students across disciplines and programmes.

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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 Finance | Economics

Public Finance

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Paper Code: 
ECO 601
Credits: 
3
Contact Hours: 
45.00
Objective: 

1.    To understand the various aspects of Public Finance; and
2.    To determine the role and objectives of Fiscal Policy.

9.00
Unit I: 
Nature and Scope of Public Finance

•    Meaning and Scope of Public Finance;
•    Distinction between private & public finance;
•    Public goods versus private goods;
•    The principle of maximum social advantage.

9.00
Unit II: 
Public Expenditure

•    Meaning;
•    Comparison between private & public expenditure;
•    Classification of Public Expenditure – productive & unproductive, transfer & non transfer, current & capital;
•    Reasons for the growth of Public Expenditure;
•    Effects of Public Expenditure.
 

9.00
Unit III: 
Taxation

•    Meaning & Canons;
•    Classification –( Proportional, Progressive, Regressive, Degressive, Direct & Indirect, Specific & Ad Valorem;) and their merits and demerits
•    Effects of Taxation.

9.00
Unit IV: 
Public Debt

•    Objective of public debt;
•    Comparison between private & public debt
•    Classification of public debt – internal & external, marketable & non-marketable, productive & non productive, redeemable & irredeemable, funded & unfunded;
•    Effects of public debt;
•    Methods of debt redemption.

9.00
Unit V: 
Fiscal Policy

•    Fiscal Policy- Meaning & objectives;
•    Instruments of fiscal policy;
•    Limitations of fiscal policy.
 

Essential Readings: 

1.    Tyagi, B.P., Public Finance, Latest edition, Jain Praksash Nath & Company, Meerut.
2.    Bhatia, H. L., Public Finance, Recent Edition, Vikas Publication, New Delhi.

References: 

1.    Musgrave, Richard A. (1959), Theory of Public Finane, McGraw Hill, Kognakhusa, Tokyo.
2.    Musgrave, R. A. and P. B. Musgrave, 1980, Public Finance in Theory and Practice, McGraw Hill, Kogakusha, Tokyo.
3.    Dalton, Huge, Principles of Public Finance, 1971, Rontledge and Hegan Paul Limited, London.
4.    Herber, B. P., Modern Public Finance, 1976, Richard D Iruin, Homewood.
5.    Datt., Ruddar and K.P.M. Sundaram, Indian Economy, 2001, S. Chand & Company Limited, New Delhi.
6.    Ganguly S., Public Finance, 1999, The World Press Private Ltd. Calcutta.
7.    Andley and Sundaram, Public Finance, Latest edition, Ratan Prakashan, Agra.
8.    Mithani, D. M.; (1998), Modern Public Finance, Himalaya Publishing House, Mumbai.
 

Academic Session: 
2018-19
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