This Subject Includes

  • Course No: HS 212
  • Course: B.Tech
  • Semester: VII
  • Title: Public Economics
  • Stream: Economics
  • Public sector in a mixed economy: market failure, the economic rationale of government intervention, public goods and publicly provided private goods, merit goods, public choice; Public sector expenditure: externalities, income redistribution and expenditure programmes, healthcare, social security, cost-benefit analysis; Public sector revenue: tax incidence, efficiency and equity issues, the Indian tax system, tax reforms; Fiscal federalism: fiscal principles and concepts, fiscal institutions; Fiscal policy and economic stabilization: fiscal instruments, deficit and surplus budget, public sector debt, internal and external debt, symmetrical and asymmetrical debt, debt management.


    1. J. Stiglitz, Economics of the Public Sector, W. W. Norton and Company, 2000

    2. B. P. Herber, Modern Public Finance, A.I.T.B.S. Publishers, Indian reprint, 1999


    1. A. Bagchi (edited), Readings in Public Finance, Oxford University Press, 2005

    2. R. A. Musgrave, P. B. Musgrave, Public Finance in Theory and Practice, McGraw Hill International, Fifth edition, 1989