Unit 1
Nature, Definition and Scope of Public Finance -Role of Public Finance in Economic Development
– Distinguish between public and Private Finance- Principles of Maximum Social Advance.
| Course Name | Public Finance |
| Course Code | 24COM338 |
| Program | B. Com. (Honours) in FinTech |
| Credits | 3 |
| Campus |
Nature, Definition and Scope of Public Finance -Role of Public Finance in Economic Development
– Distinguish between public and Private Finance- Principles of Maximum Social Advance.
Public Revenue-Sources of Public Revenue – Taxes – Classification and Importance of Taxes– Significance, merits and demerits of direct and indirect taxes – Incidence and effects of taxation – Significance of Direct Tax, GST and Local Taxation – Public Expenditure – Classification and Cannons of Public Expenditure -Effects of Public expenditure on Production, Distribution and Economic Growth.
Public Debt-Need, Sources and repayment – Effects of Public debt on Money Supply- Economic Growth and Economic Stability.
Federal Finance: Financial Issues in a Federal setup – Principles of efficient disbursement of financial resources between Centre and States – Problems of financial imbalances and measures for adjustments.
Budgets – Budgets and Planning – Classification of Budgets – Budget and National Accounts – Fiscal Policy – Objectives of Fiscal Policy – Deficit Financing – Need, Significance and Limitations.
Course Objective:
To enable students to gain practical knowledge about public and private finance and various components of finance.
Course Outcomes:
The students will able:
C01: To understand the importance of public sector in a developing nation like India
CO2: To understand the different sources of public revenue and effects of public expenditure on economic growth.
CO3: To understand the effect of Public debt on Money Supply, Economic Growth and Economic Stability.
CO4: To understand the Principles of efficient disbursement of financial resources between Centre and States.
CO5: To understand intricacies of budget and planning
|
PO1 |
PO2 |
PO3 |
PO4 |
PO5 |
PO6 |
PO7 |
PO8 |
PO9 |
PO10 |
PO11 |
PO12 |
PO13 |
PO14 |
PO15 |
|
|
CO1 |
0 |
0 |
0 |
1 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
0 |
|
CO2 |
1 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
0 |
|
CO3 |
1 |
1 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
0 |
|
CO4 |
1 |
1 |
2 |
1 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
1 |
1 |
1 |
1 |
|
CO5 |
1 |
1 |
1 |
1 |
1 |
1 |
0 |
0 |
0 |
1 |
1 |
1 |
1 |
1 |
1 |
References:
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