Gujarat University
B.Com Degree Course
3rd Semester - Syllabus
S. Y. B. COM. SEMESTER - III
CC - 201 ECONOMICS OF GOVERNMENT FINANCE
Unit : 1: INTRODUCTION TO PUBLIC FINANCE
Economic systems - concepts - Capitalism, Socialism and Mixed Economy - characteristics. Public and Private Finances: meaning, difference and similarities. Indian Federal Finance: concepts of three layers of government. Market failure and role of government. Characteristics of public and private goods, merits goods. Government budget, its importance. Various concepts of deficit: revenue deficit, budgetary deficit, fiscal deficit, primary deficit, their uses and effects.
Unit : 2 :TAXATION
Direct and indirect taxes : meaning and its characteristics - concepts of progressive, proportional and regressive taxes. Present Indian tax structure: its characteristics and defects. Role of taxation in economic development. Meaning of tax avoidance and tax evasion.
UNIT: 3: INCOME AND PUBLIC EXPENDITURE
Sources of income of local government, state government and central government. Public expenditure: purpose, importance and causes of increase in public expenditure. Meaning of Fiscal Responsibility and Budget Management Act (FRBM Act). Privatization and disinvestment : concept and importance.
UNIT: 4: PUBLIC DEBT
Public debt - meaning and types of public debt. Economic effects of public debt. Difference between taxation and debt. Burden of public debt - Learner’s and Buchanan’s view point.
References :
1) Public finance in Theory & Practice : R.A. Musgrave & P.G. Musgrave
2) Introduction to Public Finance : Carl C. Plehn
3) The Theory & Working of Union Finance in India: Bhargava R. N.
4) D.M.Mithani : Money, Banking, International trade and Public finance
5) Public Finance : H.L. Bhatia
6) Public Finance : B.P.Tyagi
7) Public Finance : R.C. Agrawal
8) Modern Public Finance : Jha R.
9) Intermediate Public Economics : Jean Hindriks & gareth D. Myles
10) Public Finance : S.K. Singh
11) Public Finance : M. Maria John Kennedy
B.Com Degree Course
3rd Semester - Syllabus
S. Y. B. COM. SEMESTER - III
CC - 201 ECONOMICS OF GOVERNMENT FINANCE
Unit : 1: INTRODUCTION TO PUBLIC FINANCE
Economic systems - concepts - Capitalism, Socialism and Mixed Economy - characteristics. Public and Private Finances: meaning, difference and similarities. Indian Federal Finance: concepts of three layers of government. Market failure and role of government. Characteristics of public and private goods, merits goods. Government budget, its importance. Various concepts of deficit: revenue deficit, budgetary deficit, fiscal deficit, primary deficit, their uses and effects.
Unit : 2 :TAXATION
Direct and indirect taxes : meaning and its characteristics - concepts of progressive, proportional and regressive taxes. Present Indian tax structure: its characteristics and defects. Role of taxation in economic development. Meaning of tax avoidance and tax evasion.
UNIT: 3: INCOME AND PUBLIC EXPENDITURE
Sources of income of local government, state government and central government. Public expenditure: purpose, importance and causes of increase in public expenditure. Meaning of Fiscal Responsibility and Budget Management Act (FRBM Act). Privatization and disinvestment : concept and importance.
UNIT: 4: PUBLIC DEBT
Public debt - meaning and types of public debt. Economic effects of public debt. Difference between taxation and debt. Burden of public debt - Learner’s and Buchanan’s view point.
References :
1) Public finance in Theory & Practice : R.A. Musgrave & P.G. Musgrave
2) Introduction to Public Finance : Carl C. Plehn
3) The Theory & Working of Union Finance in India: Bhargava R. N.
4) D.M.Mithani : Money, Banking, International trade and Public finance
5) Public Finance : H.L. Bhatia
6) Public Finance : B.P.Tyagi
7) Public Finance : R.C. Agrawal
8) Modern Public Finance : Jha R.
9) Intermediate Public Economics : Jean Hindriks & gareth D. Myles
10) Public Finance : S.K. Singh
11) Public Finance : M. Maria John Kennedy
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