Public Economics Syllabus DU

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, 2017. Central Board of Excise and Customs, Department of Revenue, Ministry of Finance.
5. Hindriks, J., Myles, G. (2013). Intermediate public economics, 2nd ed. MIT Press.
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.
Keywords
Taxation, public expenditure, federal system, India