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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-I | Economics

Public Finance-I

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Paper Code: 
ECO 511
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

1. To explain the various aspects of Public Finance like its nature scope, concept of private, public and merit goods, major fiscal functions.

2. To appraise the students with various aspects of taxation.

      3. To analyze the Major trends in tax revenue of the central government in India.

9.00
Unit I: 
Nature and Scope of Public Finance

Nature and Scope of Public Finance; Comparison between Private and Public Finance; Concept of Private, Public and Merit goods; Major Fiscal Functions-The Allocation Function, the Distribution Function, and the Stabilization Function. 

9.00
Unit II: 
Optimal Budget and Public Revenue

The Theory of Optimal Budget; Principle of Maximum Social Advantage; Sources and Classification of Public Revenue.

9.00
Unit III: 
Taxation I

Meaning and canons of Taxation; Base of a tax; Buoyancy and Elasticity of a tax;

Tax Ratio; Classification of Taxes: (Single Vs Multiple Taxes, Proportional Vs Progressive Taxes, Direct Vs Indirect Taxes) and their merits and demerits; GST

9.00
Unit IV: 
Taxation II

Impact, Shifting and Incidence of a tax; Forward and Backward shifting; Shifting of a tax through Tax Capitalization; Theories of Tax Shifting; Incidence and shifting of commodity taxes under different cost conditions

9.00
Unit V: 
Taxation III

Justice in taxation: Benefit Approach and Ability to Pay Approach; Taxable capacity; Effects of Taxation; Major trends in tax revenue of the central government in India.

Essential Readings: 
  1. Singh J. and Lekhi R.K.., Public Finance, Jain PraksashNath& Company, 11th Edition, 2016.
  2. Bhatia, H. L.,Public Finance, Vikas Publication,30th Edition, 2000.
References: 
  1. Musgrave, R. A., Theory of Public Finance, McGraw Hill, 5th Edition, 2017.
  2.  Rosen H., Public Finance, Tata McGraw Hill, 8th edition, 2012. 
Academic Session: 
2022-23
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