Chapter 1 : Theories of Public Sector [279 Minutes]
Chapter 2 : Public Goods [247 Minutes]
Chapter 3 : Local Government [117 Minutes]
Chapter 4 : Externalities [300 Minutes]
Chapter 5 : Tax Incidence [102 Minutes]
Chapter 6 : Tax and Efficiency [245 Minutes]
Chapter 7 : Optimal Taxation [98 Minutes]
Chapter 8 : Commodity Tax [103 Minutes]
Chapter 9 : Income Taxation [73 Minutes]
Chapter 10 : Tax Evasion [150 Minutes]
Chapter 11 : GST [142 Minutes]
Chapter 12 : Fiscal Deficit [150 Minutes]
Public economics is the study of government policy from the points of view of economic efficiency and equity. The paper deals with the nature of government intervention and its implications for allocation, distribution and stabilization. Inherently, this study involves a formal analysis of government taxation and expenditures. The subject encompasses a host of topics including public goods, market failures and externalities. The paper is divided into two sections, one dealing with the theory of public economics and the other with the Indian public finances.
1. Public Economic Theory
a. Fiscal functions: an overview.
b. Public Goods: definition, models of efficient allocation, pure and impure public goods, free riding.
c. Externalities: the problem and its solutions, taxes versus regulation, property rights, the Coase theorem.
d. Taxation: its economic effects; dead weight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation.
2. Indian Public Finances
a. Tax System: structure and reforms
b. Budget, deficits and public debt
c. Fiscal federalism in India
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