TECHNICAL UNIVERSITY OF MOMBASA

BFI 4320: PUBLIC FINANCE FOR MANAGERS

Contact hours: 45
Pre-requisite: None
Course purpose: To equip the students with the theory, the methods, and the concerns of public
revenue and expenditure.

Expected Learning Outcomes

By the end of this course, students should be able to:
i. Explain the role of government in promoting economic activity.
ii. Identify the various sources of government revenue.
iii. Identify the components of government expenditure.
iv. Explain the theory underlying the process of taxation.
v. Explain the role of monetary and fiscal policies in enhancing economic development in an
economy.

Course Content
Week Topics

1 Nature and Scope of public finance

2&3 Public Revenue

4 Public Expenditure

5 Continuous Assessment Tests (CATs)- ONE

6 &7 Budgeting

8&9 Budgetary process and Budgetary control

10 Public Debt

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 11 Continuous Assessment Tests (CATs)- TWO

12 Fiscal Operations

13 & 14 Markets regulatory environment. Contemporary issues and innovations.

Mode of Delivery
Group discussions and presentations, lectures, field visits and tutorials.

Instructional Materials
Lecture notes, encyclopedias, textbooks, journals, newspaper articles, tape recorder, radio, video
shows. Illustration charts for demonstration

Course Evaluation
Continuous Assessment 30%
Examination 70%

Core Text Books

i. Holley H. U, (2012), Public Finance in Theory and Practice Second edition 2nd ed: ISBN-
13: 978-0415585972

ii. Harvey R. (2013), Public Finance (The Mcgraw-Hill Series in Economics): ISBN-
13: 978-0078021688

iii. Jonathan G. (2015), Public Finance and Public Policy 5th Edition: ISBN-13: 978-
1464143335

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Core Journals
i. International Tax and Public Finance ISSN: 0927-5940 (print version) ISSN: 1573-
6970 (electronic version)
ii. Public budgeting and finance Journal. Online ISSN: 1540-5850
iii. Journal of Economics and Public Finance ISSN: 2377-1046

Recommended Textbooks

i. Robert C. (2012) Analysis for Financial Management, 10th Edition 10th Edition: ISBN-
13: 978-0078034688

ii. Madura, J (2014), Financial Markets and Institutions, Prentice Hall, India. ISBN-13: 978-
0324593648, ISBN-10: 0324593643

iii. Njeru K. (2012), Public Finance under Kenya’s new Constitution, Society for International
Development. ISBN No: 978-9966-029-04-1

Recommended Journal

i. Journal of Corporate Finance: ISSN 0929-1199

ii. Journal of Economics and Finance ISSN 2321-5933

iii. Journal of Financial Management, Markets and Institutions: ISSN 2282-717X

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