Introduction to Course:

This course introduces the students with need for public sector and its major funcntions like, allocation functions, distribution functions, stabilization functions and interaction of private and public sectors. Detailed discussions on social goods and market failure, public provision for social goods, national and local social goods, public provision vs public production, determinants of distribution, optimal distribution, fiscal instruments of distribution policy, monetary instruments, coordination, conflict and public sector in GNP, public sector in National income, public sector in Personal income and public sector in disposable income are included.

Course pre requisites (if any):

No

Learning outcomes:

On the successful completion of the course students will have a sufficient learning about failure of market mechanism and need for public sector and how it performs functions like efficient allocation of resources, distribution function and stabilizations function through different channels. 

Text Books:

1. Musgrave, R.A. and P.B. Musgrave .1988. Public Finance in Theory and Practice. McGraw Hill, New York.
2. Ulbrich, H.H.,2002. Public Finance. Thomson Learning, London

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks