The monetarist believe in supremacy of money i.e. money answers all things and that money is the only regulatory instrument in any economy and it is also the believe Continue reading →

According to Musgrave, Public Finance deals with the economics of Public Sector. This includes not only its financing but its entire bearing Continue reading →

The objective of this study session is to expose you to the introductory concepts in Public Finance and thereby ensuring that you are acquainted with the three theories of Public Finance namely, The Classical, Continue reading →

In the preceding section, we provided an explanation of how the equilibrium level of national income is determined in the two-sector model of an economy in which the households and business firms are the sectors. Continue reading →

In this article, you will learn the process and conditions of attaining equilibrium level of national income in a hypothetical economy without government intervention, Continue reading →