UNIT – I

1. Money : Definition and Functions, 2. Role (Importance) of Money : in Capitalist, Socialist and Mixed Economies, 3. Kinds of Money, 4. Monetary Standard : Gold Standard, 5. Bi-Metallism, 6. Paper Money Standard and Principles of Note Issue, 7. Grasham's Law, 8. Theory of Money : Quantity Theory and Cambridge Theory, 9. Keynes' Fundamental Equations, 10. Income Theory of Saving and Investment Theory of Value of Money, 11. Changes in Value of Money : Inflation, Deflation, Disinfla-tion and Reflation, 12. Demand-pull Inflation and Cost-push Inflation, 13. The Phillips Curve : Relation between Employment & Inflation, 14. Index Number, 15. Supply of Money, 16. Bank : Definition, Functions, Types and Significance, 17. Commercial Banking : Meaning, Types and Functions, 18. Creation of Credit by Banks, 19. Balance-Sheet of Bank, 20. Monetary & Non-Banking Financial Intermediaries, 21. Monetary Policy and Cheap Money Policy, 22. Commercial Banking in India, 23. Recent Reforms in Banking Sector in India, 24. Central Bank and its Functions, 25. Reserve Bank of India, 26. Reserve Bank and Monetary Regulation in India or Monetary Policy of India,

UNIT – II

1. Meaning and Scope of Public Finance, 2. Public Goods Vs Private Goods, 3. The Principle of Maximum Social Advantages, 4. Market Failure and Role of Government, 5. Public Expenditure : Meaning, Classification and Principles, 6. Public Expenditure in India, 7. Sources of Public Revenue : Canons of Taxation and Characteristics of Good Tax System, 8. Taxation : Nature Objective and Structure (Classification), 9. Benefit and Ability to Pay Principles of Taxation, 10. Impact and Incidence of Tax, 11. Taxable Capacity, 12. Effects of Taxation on Economy, 13. Sources of Revenue of Central Government, 14. Sources of Revenue of State Government, 15. Public Debts : Classification, Sources and Effects, 16. Redemption of Public Debt, 17. Kinds of Public Budget, 18. Preparation and Passing of Budget in India, 19. Normative Approach and Theory of Fiscal Policy, 20. Public Deficit : Concept and Alternative Measurement, 21. Principle of Budget Planning or Fiscal Policy, 22. Fiscal Policy and Economic Development, 23. Public Debt Management, 24. Fiscal Federalism in India and Finance Commission, 25. Features of Indian Tax System and Reforms, 26. Deficit Finance, 27. Value-Added Tax and Modified Value-Added Tax.