Business Economics - IV SYBCOM Semester IV

Business Economics - IV SYBCOM Semester IV


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Business Economics - IV

SYBCOM Semester IV


1. The Role Of Government In An Economy (10 Lec.)

l Meaning and Scope of Public finance.

l Major Fiscal Functions : Allocation Function, Distribution Function & Stabilization Function

l Principle of Maximum Social Advantage: Dalton and Musgrave Views - the Principle in Practice, Limitations.

l Relation between Efficiency, Markets and Governments

l The Concept of Public Goods and the Role of Government

2. Public Revenue (10 Lec.)

l Sources of Public Revenue : Tax and Non-tax Revenues

l Objectives of taxation - Canons of taxation - Types of taxes : direct and indirect - Tax Base and Rates of taxation : proportional, progressive and regressive taxation

l Shifting of Tax Burden: Impact and incidence of taxation - Processes - factors influencing incidence of taxation

l Economic Effects of taxation: on Income and Wealth, Consumption, Savings, Investments and Production.

l Redistributive and Anti–Inflationary nature of taxation and their implications.

3. Public Expenditure And Public Debt (10 Lec.)

l Public Expenditure: Canons - classification - economic effects of public spending - on production, consumption, distribution, employment and stabilization - Theories of Public Expenditure: Wagner’s Hypothesis and Wiseman Peacock Hypothesis - Causes for Public Expenditure Growth.

l Significance of Public Expenditure: Social security contributions - Low Income Support and Social Insurance Programmes.

l Public Debt :Classification - Burden of Debt Finance : Internal and External- Public Debt and Fiscal Solvency

4 Fiscal Management and Financial Administration (10 Lec.)

l Fiscal Policy: Meaning, Objectives, Constituents and Limitations.

l Contra Cyclical Fiscal Policy and Discretionary Fiscal Policy: Principles of Sound and Functional Finance

l Budget - Meaning, Objectives and Types - Structure of Union Budget - Deficit Concepts - Fiscal Responsibility and Budget Management Act.

l Intergovernmental Fiscal Relations : Fiscal Federalism and Fiscal Decentralization - Central-state Financial Relations - 14th Finance Commission Recommendations



Additional Information

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ISBN-13 978-93-89293-15-9
AUTHOR Mascarenhas, Johnson, Chaterjee
YEAR 2019
ED Third
SUBJECT Business Economics - IV SYBCOM Semester IV