Generate and list commonly examinable questions on the course public finance for undergraduates

Sure! Here are some commonly examinable questions on the course of Public Finance for undergraduates: ### 1. Basics of Public Finance - What is public finance, and how does it differ from private finance? - Discuss the role of government in the economy. - Explain the concept of market failure and provide examples. ### 2. Taxation - Describe the principles of a good tax system. - Compare and contrast progressive, regressive, and proportional taxes with examples. - Analyze the effects of taxation on economic behavior and resource allocation. - What are the economic implications of tax evasion and tax avoidance? ### 3. Public Expenditure - Discuss the rationale for public expenditure and its impact on the economy. - What are the major categories of public expenditure? Provide examples. - Analyze the methods used for evaluating public expenditure projects. ### 4. Budgeting and Public Finance Management - Explain the budget cycle and the major phases involved. - What are the different types of budgets (e.g., line-item, performance-based, zero-based)? - Discuss the importance of fiscal policy in public finance. ### 5. Public Debt - Define public debt and discuss its significance in public finance. - What are the implications of high public debt on the economy? - Discuss the concepts of internal and external debt and their differences. ### 6. Fiscal Policy - Explain the concept of fiscal policy and its objectives. - What are the tools of fiscal policy, and how can they be used to influence the economy? - Discuss the effectiveness of fiscal policy in combating recession. ### 7. Welfare Economics - What is welfare economics, and how does it relate to public finance? - Discuss the concept of externalities and how they can be addressed through public finance. - Analyze the role of government in redistributing income and wealth. ### 8. Social Insurance and Public Goods - Differentiate between public goods and private goods. Provide examples of each. - What are the challenges associated with the provision of public goods? - Discuss the role of social insurance programs in public finance. ### 9. Economic Theories Related to Public Finance - Describe the Keynesian versus Classical approaches to public finance. - How does the Laffer Curve illustrate the relationship between tax rates and tax revenue? - Explain public choice theory and its implications for public finance. ### 10. Contemporary Issues in Public Finance - Discuss the impact of globalization on national tax policy. - Analyze the financial implications of demographic changes on public finance systems. - What are the challenges of financing healthcare through public finance? These questions cover fundamental concepts and contemporary issues in public finance, allowing students to explore both theoretical frameworks and practical applications.