Public Finance BSNA 2213

Course description:

This course uses the tools of microeconomic analysis to study the rationale for government intervention, the areas of intervention and the sources of public financing. Topics include concepts of public finance , it's relation with macroeconomics, basis government activities & functions –the allocation of resources between government and private sector- government revenues, taxes and fees- direct & indirect taxes- public depts.-other types of public revenues- public expenditure-current and operational expenditure- transfer expenditure- salaries and wages- grants and subsides, state budget preparation - discussion of budget, the equilibrium surplus & deficit- how to use the surplus, how to get rid of deficit-physical policy & monetary policy.

Course Aims:

Upon completion of the course, students will be able to:

• To understand the way in which attitudes towards public expenditure and taxation have changed.
  
• To think constructively about the contributions of the public sector to the operation of the economy and the problems that arises in the relationship between public and private sectors.
  
• To analyze the impact of changes in public expenditure and taxation policies on the operation of the economy.
  
• To explain the conflict at the heart of public policy-making between the economic, political and social objectives of governments and the financial constraints upon governments.
  
• To express and defend views based upon sound thought and extensive evidence regarding the important issues in this area of economics. 
  
• To critically appraise statements on public expenditure and taxation by public figures.
  
• To  make effective use of library  and internet sources in obtaining information about public finance;
  
• To recognize the difficulties involved in carrying out empirical work in problems of applied economics.
  

Course outcomes:

By the successful completion of this unit, students will be able to:

• There is enough understanding from studying public finance as a branch of macroeconomics.
  
• Students find that public finance is very important course for them in their self life and public life.
  
• Government activities are necessary for all people due to there are no suitable alternatives.
  
• Individuals can get benefit from the economic expenditure.
  
• There is a main difference between public goods & services and private goods & services.
  
• Normally government will collect taxes from individuals & corporation.
  
• Poor people can receive enough services from government.
  
• There are no taxes without laws & there are no expenditures without laws.
• Rich people must pay more taxes to government.
  
• It's necessary to draw and prepare a suitable physical policy.
  
• The importance of public education and health education for people.