Public Economics

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The Public Economics Course for BA (Hons) Economics Semester V, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 45 Hours.

Course Fee : Rs. 6000

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester V Exams.

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

  • Full Course Video Lectures
  • Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
  • Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students
  • Live online Doubts Sessions for resolution of Doubts
  • Mock Tests at the Website
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of the Semester V Exams

Payment Details

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Account Details

Dheeraj Suri

Saving Account Number

392010100053871

Axis Bank, Model Town Branch

Delhi – 110009

IFS Code : UTIB0000392

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GPay Number : +91 9811261671

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Exam Pattern

Students will be expected to attempt 5 out of 7 questions (15 marks each).
Marks will be approximately proportional to suggested number of lectures for each topic.
Questions may have sub-parts from different topics.
Questions may include diagrams, numericals and short notes.

Click Here for Reading List of Public Economics

Course Content of Our Video Lectures

Unit – I : Public Economic Theory

Unit – I (a) : Fiscal Functions : An Overview

Chapter 1 : Theories of Public Sector [279 Minutes]

Based Upon Hindriks & Myles, Chapter 5

Number of Lectures   6 Lectures

Total Duration of Lectures  279 Minutes

Unit – I (b) : Public Goods : Definition, Models of efficient allocation, pure & impure public goods, free riding

Chapter 2 : Public Goods [247 Minutes]

Based Upon Cullis & Jones, Chapter 3

Number of Lectures   6 Lectures

Total Duration of Lectures  247 Minutes

Chapter 3 : Local Government [117 Minutes]

Based Upon Cullis & Jones, Chapter 12

Number of Lectures   2 Lectures

Total Duration of Lectures  117 Minutes

Unit – I (c) : Externalities : the problems & its solutions, taxes versus regulation, property rights, the Coase theorem

Chapter 4 : Externalities [300 Minutes]

Based Upon Hindriks & Myles, Chapter 8

Number of Lectures   4 Lectures

Total Duration of Lectures  300 Minutes

Unit – I (d) : Taxation : its economic effects; dead weight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation

Chapter 5 : Tax Incidence [102 Minutes]

Based Upon Stiglitz, Chapter 18

Number of Lectures   2 Lectures

Total Duration of Lectures  102 Minutes

Chapter 6 : Tax & Efficiency [245 Minutes]

Based Upon Stiglitz, Chapter 19

Number of Lectures   3 Lectures

Total Duration of Lectures  245 Minutes

Chapter 7 : Optimal Taxation [98 Minutes]

Based Upon Stiglitz, Chapter 20

Number of Lectures   3 Lectures

Total Duration of Lectures  98 Minutes

Chapter 8 : Commodity Tax [103 Minutes]

Based Upon Hindriks & Myles, Chapter 15

Number of Lectures   2 Lectures

Total Duration of Lectures  103 Minutes

Chapter 9 : Income Taxation [120 Minutes]

Based Upon Hindriks & Myles, Chapter 16

Number of Lectures   2 Lectures

Total Duration of Lectures  120 Minutes

Chapter 10 : Tax Evasion [150 Minutes]

Based Upon Hindriks & Myles, Chapter 17

Number of Lectures   3 Lectures

Total Duration of Lectures  150 Minutes

Unit 2 : Indian Public Finance

Unit – 2 (a) : Tax System : Structure & Reforms

Chapter 11 : Envisioning Tax Policy [60 Minutes]

Based Upon M. Govinda Rao & Sudhanshu Kumar (2017)

Number of Lectures   2 Lectures

Total Duration of Lectures  60 Minutes

Chapter 12 : GST Concept & Status [50 Minutes]

Based Upon GOI (2017)

Number of Lectures   1 Lecture

Total Duration of Lectures  50 Minutes

Chapter 13 : GST & the States [60 Minutes]

Based Upon S A Alam (2016)

Number of Lectures   1 Lectures

Total Duration of Lectures  60 Minutes

Unit – 2 (b) : Budget, Deficits & Public Debt

Chapter 14 : Fiscal Deficits & Government Debt [47 Minutes]

Based Upon Rangarajan C & D.K. Srivastava (2005)

Number of Lectures   1 Lectures

Total Duration of Lectures  47 Minutes

Unit – 2 (c) : Budget, Deficits & Public Debt

Chapter 15 : Fiscal Federalism [36 Minutes]

Based Upon Cullis & Jones, Chapter 12

Number of Lectures   2 Lectures

Total Duration of Lectures  47 Minutes

Chapter 16 : Changing Contours of Federal Fiscal Arrangements in India [90 Minutes]

Based Upon M. Govinda Rao (2005)

Number of Lectures   2 Lecture

Total Duration of Lectures  90 Minutes

Chapter 17 : Fourteenth Finance Commission [120 Minutes]

Based Upon Y. V. Reddy (2015)

Number of Lectures   3 Lectures

Total Duration of Lectures  120 Minutes

End of Syllabus

Syllabus for Public Economics as Prescribed by University of Delhi

Reading-List-2017

Course Description

Course Objective

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.

Course Learning Outcomes

The module aims to introduce students to the main theoretical and empirical concepts in public economics, equip students with a thorough analytical grasp of implications of government intervention for allocation, distribution and stabilization, and familiarise students with the main issues in government revenues and expenditure. At the end of the module the students should be able to demonstrate their understanding of the public economics. In some models, the student will be required to deal with simple algebra problems that will help them to better understand these concepts, use diagrammatic analysis to demonstrate and compare the economic welfare effects of various environmental policy options, demonstrate their understanding of the usefulness and problems related to taxation and government expenditure, and demonstrate their critical understanding of public policies

Unit 1

Public Economic Theory: Fiscal functions: an overview; Public Goods: definition, models of efficient allocation, pure and impure public goods, free riding; Externalities: the problem and its solutions, taxes versus regulation, property rights,
the Coase theorem; and Taxation: its economic effects; dead weight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation

Unit 2

Indian Public Finances: Tax System: structure and reforms; Budget, deficits and public debt; Fiscal federalism in India

References

1. Alam, S. (2016). GST and the states: sharing tax administrations. Economic and Political Weekly, 51(31).

2. Cullis, J., Jones, P. (1998). Public finance and public choice, 2nd ed. Oxford University Press.

3. Das, S. (2017). Some concepts regarding the goods and services tax. Economic and Political Weekly, 52(9).

4. Government of India. (2017). GST – Concept and status – as on 3rd June, Central Board of Excise and Customs, Department of Revenue, Ministry of Finance.

5. Hindriks, J., Myles, G. (2013). Intermediate public economics, 2nd ed. MITPress.

6. Rao, M. (2005). Changing contours of federal fiscal arrangements in India. In A. Bagchi (ed.): Readings in public finance. Oxford University Press.

7. Rao, M., Kumar, S. (2017). Envisioning tax policy for accelerated development in India. Working Paper No. 190, National Institute of Public Finance and Policy.

8. Reddy, Y. (2015). Fourteenth finance commission: Continuity, change and way forward. Economic and Political Weekly, 50(21), 27-36.

9. Stiglitz, J. (2009). Economics of the public sector, 3rd ed. W. W. Norton