And Some other imp topicss of public finance Keep watching - chanakya group of economics ...
Views: 12470 CHANAKYA group of Economics
For more info please visit: http://wagner.nyu.edu/Rao
Views: 50258 New York University
Subject: Economic Paper: Theory of public finance Module: Pure theory of public expenditure: structure and growth of public expenditure Content Writer: Dr. Maninder Deep Cheema
Views: 10066 Vidya-mitra
MEANING OF IMPACT AND INCIDENCE OF TAXATION PUBLIC FINANCE
Views: 432 Shashi Aggarwal
DOCTRINE OF MAXIMUM SOCIAL ADVANTAGE PUBLIC FINANCE
Views: 2415 Shashi Aggarwal
This video shows how to determine the socially efficient quantity of a public good. The efficient level is the quantity where the marginal social benefit equals the marginal social cost. Individuals do not purchase public goods, however, so the marginal benefit must be determined by: (1) asking how much each individual would hypothetically pay for an additional unit of the good, (2) using this informaiton to plot a demand curve for each individual, and (3) summing the individual demand curves to create the collective demand curve (marginal social benefit). The intersection of the collective demand curve and the marginal cost curve yields the socially optimal quantity of the public good that should be provided. The video uses an example to illustrate how this can be done to determine the optimal number of street lights for a neighborhood. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 18767 Edspira
Subject:Economics Paper: Theory of public finance
Views: 1553 Vidya-mitra
Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 564 Audiopedia
All things of principles of Maximum Social Advantage are explained clearly. If in case of any doubt ask in comment section ...
Views: 363 MANISH VERMA : IMPORTANT TOPICS
Subject : Economics Paper : Theory of public finance
Views: 1441 Vidya-mitra
In the third video in our series, Richard Wagner outlines the intellectual history of James Buchanan's work articulating a theory of public finance that reflects the will of the people, not of the government or special interests. (This video is partially funded by a grant from the John Templeton Foundation on “Work, Self- governance, and the Challenge of Unsustainable Dependency.” The grant is for a three-year project to explore the themes of work and self-governance as well as the root causes and consequences of the modern shift toward a greater reliance on government efforts to solve collective challenges.) Stay Connected Facebook: http://www.facebook.com/mercatuscenter/ Twitter: http://www.twitter.com/mercatus Email: http://www.mercatus.org/newsletters
Views: 76 Mercatus Center
Ehat role does the government play in the economy . Learn about the Adam Smith's opinion and also various government functions from the point of view of Richard Musgrave . Understand in detail the Allocation, Redistribution and Stabilization Function of the Government . For notes, click this link: https://anushriagrawal.com/notes/ To subcribe to the channel, click: https://www.youtube.com/channel/UCO4nRWhL9Uuvc4NIJoLElHA?sub_confirmation=1 To watch more videos, click here : https://www.youtube.com/channel/UCO4nRWhL9Uuvc4NIJoLElHA Industrial relation: https://www.youtube.com/watch?v=5v6DuMGui2g&list=PLxOpDRieFexme-47OEBVEvlyps6gLYv25 Human resource management : https://www.youtube.com/watch?v=pIuTrQtbhis&list=PLxOpDRieFexmLfzomI9iS6IbSSLSVOgLv Organization Theory https://www.youtube.com/watch?v=wIZ6SHS-BxI&list=PLxOpDRieFexlfdadLtwgKibLpDe89dexZ Organization behaviour https://www.youtube.com/watch?v=rbl60MQoUMY&list=PLxOpDRieFexkW4bnDw03Rj3a2VP5P_Zhw STRATEGIC MANAGEMENT for CA INTERMEDIATE https://www.youtube.com/watch?v=xZ1TDEwBvVc&list=PLxOpDRieFexkRly1m3dbm4_lu80R9gEHJ AUDIT AND ASSURANCE FOR CA INTERMEDIATE https://www.youtube.com/watch?v=cn2P9wLfGrE&list=PLxOpDRieFexnoeQbLhO46Q9JuvA2j-N_L Economics For Finance https://www.youtube.com/watch?v=9V4dvtXBMXY&list=PLxOpDRieFexn_75dlAg7KAzdPE8e_eHep COMMERCE CURRENT AFFAIRS https://www.youtube.com/watch?v=bSFtczHngzw&list=PLxOpDRieFexlZf-wGNwlRl2L4MLv6vxRa Suggested videos: Types of reaction on result day https://www.youtube.com/watch?v=hgLwjMpjiY4&t=8s How to identify your problem area https://www.youtube.com/watch?v=7R21452WqVw&t=430s How to write answers in CS MAINS COMMERCE EXAM: https://www.youtube.com/watch?v=smbSYmy9DRA&t=122s Jo beet gayi so baat gayi : https://www.youtube.com/watch?v=V2fSDCeGRC4&t=70s write to me : https://www.facebook.com/anushri5150/ [email protected] Follow me : www.anushriagrawal.com tweeter : anushriagrawal4
Views: 319 UNICOM
Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong. In fact, while often considered "inefficient," the state is among the shrewdest investors in innovation—and deserves its fair share of the rewards. Who should get the fruits of innovation? Today, the gains are hoarded by corporations like Apple or Tesla. But University College London professor and INET grantee Mariana Mazzucato has a different answer: The state should reap the returns that its massive investment in innovation has generated. Mazzucato argues that the state, often dubbed “lender of last resort,” should instead take an unabashed role as “investor of first resort”—acting as a proactive investor in major innovations, and getting returns on that investment. That's because governments are capable of the patient, long-term, strategic approach to finance that's essential for innovation. In taking a “mission-oriented” approach, the public sector should work with the private sector and civil society to build a portfolio of innovation projects that better meet the challenges of our times.
Views: 3927 New Economic Thinking
Subject:Economics Paper: Theory of public finance
Views: 126 Vidya-mitra
What is MERIT GOOD? What does MERIT GOOD mean? MERIT GOOD meaning - MERIT GOOD definition - MERIT GOOD explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ The concept of a merit good introduced in economics by Richard Musgrave (1957, 1959) is a commodity which is judged that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay. The term is, perhaps, less often used today than it was in the 1960s to 1980s but the concept still lies behind many economic actions by governments which are not performed specifically for financial reasons or by supporting incomes (e.g. via tax rebates). Examples include the provision of food stamps to support nutrition, the delivery of health services to improve quality of life and reduce morbidity, subsidized housing and arguably education. In many cases, merit goods provide services which it is argued should apply universally to everyone in a particular situation, a view that is close to the concept of primary goods found in work by philosopher John Rawls or discussions about social inclusion. On the supply side, it is sometimes suggested that there will be more support in society for implicit redistribution via the provision of certain kinds of goods and services, rather than explicit redistribution through income. Alternatively, it is sometimes suggested that society in general may be in a better position to determine what individuals need (such arguments are often criticised for being paternalistic, often by those who would like to reduce to a minimum economic activity by government). Sometimes, merit and demerit goods are simply seen as an extension of the idea of externalities. A merit good may be described as a good that has positive externalities associated with it. Thus, an inoculation against a contagious disease may be seen as a merit good. This is because others who may not now catch the disease from the inoculated person also benefit. However, merit and demerit goods can be defined in a different way which makes it different from externalities. The essence of merit and demerit goods is to do with an information failure to the consumer. This arises because consumers do not perceive quite how good or bad the good is for them: either they do not have the right information or lack relevant information. With this definition, a merit good is defined as good that is better for a person than the person who may consume the good realises. Other possible rationales for treating some commodities as merit (or demerit) goods include public-goods aspects of a commodity, imposing community standards (prostitution, drugs, etc.), immaturity or incapacity, and addiction. A common element of all of these is recommending for or against some goods on a basis other than consumer choice. However, there is no reason why governments should not consult their populations on such issues as they increasingly do in a number of economic contexts (e.g., development planning by the World Bank or resource allocation in health systems using information on health-benefits). In the case of education, it can be argued that those lacking education are incapable of making an informed choice about the benefits of education, which would warrant compulsion (Musgrave, 1959, 14). In this case, the implementation of consumer sovereignty is the motivation, rather than rejection of consumer sovereignty. Public Choice Theory suggests that good government policies are an under-supplied merit good in a democracy. A merit good can be defined as a good which would be under-consumed (and under-produced) in the free market economy. This is due to two main reasons: 1. When consumed, a merit good creates positive externalities (an externality being a third party/spill-over effect which arises from the consumption or production of the good/service). This means that there is a divergence between private benefit and public benefit when a merit good is consumed (i.e. the public benefit is greater than the private benefit). However, as consumers only take into account private benefits when consuming merit goods, it means that they are under-consumed (and so under-produced). 2. Individuals are myopic, they are short-term utility maximisers and so do not take into account the long term benefits of consuming a merit good and so they are under-consumed.
Views: 1592 The Audiopedia
What is PREFERENCE REVELATION? What does PREFERENCE REVELATION mean? PREFERENCE REVELATION meaning - PREFERENCE REVELATION definition -PREFERENCE REVELATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In public choice theory, preference revelation (also preference revelation problem) is an area of study concerned with ascertaining the public's demand for public goods. If government planners do not have "full knowledge of individual preference functions", then it's likely that public goods will be under or over supplied. Unlike private goods, public goods are non-excludable and non-rivalrous. This means that it's possible for people to benefit from a public good without having to help contribute to its production. Given that information about marginal benefits is available only from the individuals themselves, people have an incentive to under report their valuation for public goods. If public finance was entirely voluntary, then anybody who under reported their benefit would decrease their tax payment. This problem, which is known as the free-rider problem, could potentially result in collective goods being undersupplied. In order to try and prevent this from happening, governments resort to compulsory taxation. However, forcing people to pay taxes does not reveal what they would be willing to pay for public goods. Therefore it's likely that the government will either provide too much or not enough of any given public good. One solution to the preference revelation problem would be to implement tax choice. If taxpayers had to pay taxes anyway, but could choose where their taxes go, then they would have no incentive to hide their true preferences for public goods.
Views: 254 The Audiopedia
Pakistan's external and public debt escalated rapidly over the past 10 years because of heavy reliance on borrowing.
Views: 53 Yaqeen
During the Happiness and Wellbeing forum, Tony Burton, Deputy Chief Economic Advisor, New Zealand Treasury spoke about the new public finance approach of the wellbeing based budgeting, and stated that the most natural thing to be talking about when it comes to wellbeing is family. #WorldGovSummit يتحدث في هذه الجلسة السيد توني بيرتن، نائب كبير المستشارين الاقتصاديين، وزارة الخزانة النيوزيلندية، عن النموذج الجديد للتمويل العام والذي يرتكز على الرفاه الاجتماعي، والذي يمكن تحقيقه من خلال توفير سبل العيش الكريم والرفاهية للأسر. #القمة_العالمية_للحكومات
Views: 44 World Government Summit