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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. 7,000
Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester V Exams.
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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
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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 : Taxing Petroleum Products [70 Minutes]
Based Upon Srivastava DK (2021)
Number of Lectures 2 Lectures
Total Duration of Lectures 70 Minutes
Unit – 2 (b) : Budget, Deficits & Public Debt
Chapter 14 : Financing of Fiscal Response [55 Minutes]
Based Upon Bajaj & Dutt (2020)
Number of Lectures 2 Lectures
Total Duration of Lectures 55 Minutes
Chapter 15 : Budget at Glance 2020-21 [47 Minutes]
Number of Lectures 1 Lectures
Total Duration of Lectures 47 Minutes
Chapter 16 : The Macro Economic Framework [50 Minutes]
Based Upon Chakraborty Lekha (2021)
Number of Lectures 2 Lectures
Total Duration of Lectures 50 Minutes
Unit – 2 (c) : Budget, Deficits & Public Debt
Chapter 17 : Central Transfers to States in India [50 Minutes]
Based Upon Rao M Govinda
Number of Lectures 2 Lectures
Total Duration of Lectures 50 Minutes
Chapter 18 : Fifteenth Finance Commision [ Minutes]
Based Upon Fifteenth Finance Commission Report (2021)
Number of Lectures 2 Lecture
Total Duration of Lectures 90 Minutes
End of Syllabus
Syllabus for Public Economics as Prescribed by University of Delhi
public-economicsCourse 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