FISCAL ECONOMICS 
                
                
                                            MA Economics 
                                               First Year 
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                     Bharathidasan University 
                      Centre for Distance and Online Education 
                
                                                              
                                                              
                                                                 Chairman: 
                                                                                        Dr. M. Selvam 
                                                                                        Vice-Chancellor 
                                                                                        Bharathidasan University 
                                                                                        Tiruchirappalli-620 024 
                                                                                        Tamil Nadu 
                                                                 Co-Chairman: 
                                                                                        Dr. G. Gopinath 
                                                                                        Registrar 
                                                                                        Bharathidasan University 
                                                                                        Tiruchirappalli-620 024 
                                                                                        Tamil Nadu 
                                                                 Course Co-Ordinator: 
                                                                                        Dr. A. Edward William Benjamin 
                                                                                        Director-Centre for Distance and Online Education 
                                                                                        Bharathidasan University 
                                                                                        Tiruchirappalli-620 024 
                                                                                        Tamil Nadu 
                                                                 The Syllabus is Revised from 2021-22 onwards 
                                                              
                                                                 Reviewer 
                                                                 Dr. J. Sathya, Assistant Professor, Department of Economics, Sri Sarada College for Women Salem - 636 016 
                                                                 Authors 
                                                                 H. L. Bhatia 
                                                                 Units (1-6, 7.2.1, 8, 9.2-9.2.1, 10, 11.3, 12, 14.2-14.4) 
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                                                                                                                                                                             SYLLABI-BOOK MAPPING TABLE                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                          Fiscal Economics 
                                                                                                                                                                                     Syllabi                                                                                                                                                                                                                                                                                                              Mapping in Book 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                   
                                                                                                        BLOCK I: INTRODUCTION TO FISCAL ECONOMICS                                                                                                                                                                                                                                                                                                                                                                    Unit 1: Public Finance 
                                                                                                        Unit-1: Public Finance: Meaning and Scope - Its uses.                                                                                                                                                                                                                                                                                                                                                                                              (Pages 1-10) 
                                                                                                        Unit-2: Role of Public Finance in the Economy - Public Finance and                                                                                                                                                                                                                                                                                                Unit 2: Role of Public Finance in 
                                                                                                        Private Finance.                                                                                                                                                                                                                                                                                                                                                                                                                                  the Economy 
                                                                                                        Unit-3: The Principle of Maximum Social Advantage in Public                                                                                                                                                                                                                                                                                                                                                                                   (Pages 11-23) 
                                                                                                        Finance.                                                                                                                                                                                                                                                                                                                                                      Unit 3: The Principle of Maximum 
                                                                                                        Unit-4: Principles of Public Expenditure: Classification - Causes 
                                                                                                        and Effects of Public Expenditure with Reference to India.                                                                                                                                                                                                                                                                                                                                                                     Social Advantage 
                                                                                                        Unit-5: Public Revenue Sources: Distinction between Tax Revenue                                                                                                                                                                                                                                                                                                                                                                              (Pages 24-36) 
                                                                                                        and Non - Tax Revenue.                                                                                                                                                                                                                                                                                                                Unit 4: Principles of Public Expenditure 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (Pages 37-67) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Unit 5: Public Revenue Sources 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (Pages 68-73) 
                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                        BLOCK II: TAXATION                                                                                                                                                                                                                                                                                                 
                                                                                                        Unit-6: Taxation: Meaning - Sources of Taxation - Impact of Taxation.                                                                                                                                                                                                                                                                                                Unit 6: Introduction to Taxation 
                                                                                                        Unit-7: Fiscal Policy: Meaning - Fiscal Policy in a Developing                                                                                                                                                                                                                                                                                                                                                                               (Pages 74-89) 
                                                                                                        Economy - Financial Administration and Principles of Budgeting.                                                                                                                                                                                                                                                                                                             Unit 7: Fiscal Policy: Meaning 
                                                                                                        Unit-8: Budget: Characteristics of a Good Budget - Preparation of                                                                                                                                                                                                                                                                                                                                                                       (Pages 90-107) 
                                                                                                        a Budget - Budgeting in India. 
                                                                                                        Unit-9: Deficit Financing: Objectives - Need - Effects - Limitations                                                                                                                                                                                                                                                                                                                                                                       Unit 8: Budget 
                                                                                                        - Deficit Financing in India.                                                                                                                                                                                                                                                                                                                                                                                                     (Pages 108-121) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Unit 9: Deficit Financing 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Pages 122-128) 
                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                        BLOCKIII: FISCALFEDERALISM 
                                                                                                        Unit-10: Fiscal Federalism - Theory of Fiscal Federalism.                                                                                                                                                                                                                                                                Unit 10: Introduction To Fiscal Federalism 
                                                                                                        Unit-11: Center and State Financial Relations - Problems of Center                                                                                                                                                                                                                                                                                                                                                                (Pages 129-142) 
                                                                                                        and  State  Financial  Relations  in  India,  Reports  of  Finance                                                                                                                                                                                                                                                                                      Unit 11: Centre and State Financial 
                                                                                                        Commissions in India.                                                                                                                                                                                                                                                                                                                                                                                                                                            Relations 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Pages 143-183) 
                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                   
                                                                                                        BLOCK IV: TAX SYSTEMS IN INDIA                                                                                                                                                                                                                                                                                     
                                                                                                        Unit-12: Indian Tax System: Revenue of the Union, States and                                                                                                                                                                                                                                                                                                                            Unit 12: Indian Tax System 
                                                                                                        Local Bodies.                                                                                                                                                                                                                                                                                                                                                                                                                     (Pages 184-198) 
                                                                                                        Unit-13: Major Taxes in India: Tax Revenue and Non - Tax Revenue                                                                                                                                                                                                                                                                                                                Unit 13: Major Taxes in India 
                                                                                                        of Center, State and Local Bodies.                                                                                                                                                                                                                                                                                                                                                                                                (Pages 199-215) 
                                                                                                        Unit-14: Reforms in Direct and Indirect Taxes - Trends in Revenue                                                                                                                                                                                                                                                                                                         Unit 14: Reforms in Direct and 
                                                                                                        and Expenditure - Public Debt in the Post Reform Period. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Indirect Taxes 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Pages 216-260)