Published on Economics (https://economics.iisuniv.ac.in)

Home > PUBLIC ECONOMICS - I

PUBLIC ECONOMICS - I [1]

Paper Code: 
ECO 125
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To develop an understanding of Public Economics among students.

12.00
Unit I: 
Introduction
  • Nature and scope of Public finance
  • Role of Government Changing Perspective
  • Role of the Government in a Capitalist, Mixed and Socialist Economy
  • Fiscal functions of the government : Allocation, Distribution & Stabilization
  • Government as an agent for Economic Planning  and Development
  • Private and Public sector : Cooperation or Competition
12.00
Unit II: 
  • Private goods, Social goods & Merit goods
  • Market failure: Imperfections, Decreasing costs, Externalities, Uncertainty
  • Externalities : Meaning, Positive and negative externalities, Corrective policy
  • Principle of Maximum Social Advantage
  • Public Revenue : Sources and Classification
12.00
Unit III: 
Taxation I
  • Taxation: Meaning, canons, classification
  • Tax ratio, Buoyancy, Elasticity
  • Effects of Taxation
  • Taxable Capacity : Meaning, Types, Measurement & Determinants
  • Double Taxation
12.00
Unit IV: 
Taxation II
  • Incidence of Taxation
    • Meaning & Distinction between Impact & Incidence
    • Types & Theories of Tax Incidence
    • Shifting of tax under different Cost conditions
    • Shifting of tax under different market conditions (Perfect Competition & Monopoly)
    • Forward & backward shifting
  • Principles of taxation: The Benefit approach, Ability to pay approach
  • Trends of Taxation in India
12.00
Unit V: 
Public Expenditure
  • Public expenditure: Meaning, nature & classification
  • Wagner’s Law of Increasing State Activities
  • Wiseman Peacock Hypothesis
  • Effects of Public expenditure
  • Trends of  Public expenditure in India
Essential Readings: 
  1. Musgrave, Richard A. (1959), Theory of Public Finane, McGraw Hill, Kognakhusa, Tokyo.
  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.
Academic Session: 
2016-17 [2]

Follow Economics on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://economics.iisuniv.ac.in/courses/subjects/public-economics-i-3

Links:
[1] https://economics.iisuniv.ac.in/courses/subjects/public-economics-i-3
[2] https://economics.iisuniv.ac.in/academic-session/2016-17