Public Finance and International Economics BA 3rd Sem PU (English Medium)

A textbook for BA 3rd Economics author by T R Jain and Satpal Gupta from V K Global Publications Pvt. Ltd.

From this textbook you can grasp upon the following:

• syllabus based on Panjab University, Chandigarh 
• english medium
• introduce the students to the basics of public finance and international trade
• introduce students to the primary functions of government to generate resources from the people and to spend money improving their lives
• concerned with basic theories of international trade and commercial policies, balance of payments, determination of exchange rates and role of international financial institutions

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Unit-I

Introduction to Public Finance : Nature, Scope and its Importance. Public Expenditure: Canons, Principle of Maximum Social Advantage, Wagner’s Law, Wiseman Peacock Hypothesis. Causes for the Recent Growth of Public Expenditure in India. Taxation : Classification and Canons, Characteristics of a Good Tax System.

Unit-II

Incidence and Impact of Taxation : Demand and Supply Theory. Taxable Capacity : Absolute and Relative Capacity, Determinants of Taxable Capacity. Public Debt : Its types and Role, Burden of debt and Methods of its Redemption. Deficit Financing : Objectives and Limitations.

Unit-III

Pure Theory of International Trade : Classical and Heckscher - Ohlin Theories, The Theory of Reciprocal Demand. Terms of Trade : Concept and Types Commercial Policy : Free Trade Vs. Protection, Regional Blocks: ASEAN, SAFTA Problems and prospects. Impact of W.T.O. on Less Developed Countries.

Unit-IV

Balance of Payments: Meaning, Concept and Components of Balance of Payments. Disequilibrium in the Balance of Payments : Causes and Measures to corret the disequilibrium Exchange Rate : Meaning and its Determination, Fixed Vs. Flexible Rate of Exchange and Purchasing Power Parity Theory. IMF and IBRD : Objectives, Working and Achievements.

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