A textbook for BA 3rd Economics on the paper, High Scorer Public Finance and International Economics author by Aarti Sharma from Mohindra Publishing House. From this textbook you can grasp upon the following:
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 correct 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.