Taxation?1 Requirements?28 2. Objectives of Taxation in Developing Economies?4 17. Explain how to use an open 3. Characteristics of A Good Tax market operation to expand the System?5 money supply?29 4. Classification of Tax?6 18. Explain how to use the 5. Sources of Tax Revenue / discount rate to expand the Major Types of Tax?7 money supply?30 6. Sources from Non-Tax 19. How does the Expansionary Revenues?9 and Contractionary Monetary Policy affect Inflation?31 7. Regressive vs. Proportional 20. What Is the Quantity Theory vs. Progressive Taxes: What's the Difference?10 of Money?33 21. What Is Public Finance, 8. Top 4 Principles or Canons of What Is The Role Of Public a Good Tax System?13 Finance?35 9. Distinguish between Internal 22. What Is The Importance Of Debt and External Debt?19 Public Finance?36 10. DDo you think that public 23. Distinguish between the debt is a burden on future Incidence and Burden of a generation?19 Tax?36 11. Public Expenditure and its 24. Discuss the criteria that effects on different types of determine the structure of economic activities?20 taxation?37 12. How does the existence of 25. In a Free Market Economy money overcome the how the govt. performs the difficulties of barter economy allocative, Distributive and and simplify the process of Stabilization Functions?41 buying and selling?21 26. Importance of Public Debt in 13. How Did the Invention of the Development of an Money Affect the Barter Economy?42 System?25 27. Define Monetary Economics. 14. What Are the Disadvantages What are the various functions of the Barter System?25 of money?44 28. What is Deficit Financing? 15. What Are Open Market What are its effects on growth Operations (OMO)?27 and inflation?46 29. Make an analysis of Tax and 37. What Is the Chicago School Non-Tax revenue sources of of Economics?70 the developing country like 38. Loan Creates Deposits? Pakistan?51 Discuss the process in the light 30. Elaborate upon the major of functions of a Commercial principles of Public Bank?71 Expenditure which meant to be 39. Explain the Functions of adopted in the budgetary Modern Commercial Banks in process.55 detail?71 31. What Is the Chicago School 40. How does the central bank of Economics?57 control credit in the economy? 32. Explain the main reasons of 73 increasing significance of 41. Classification of Public Public Finance in a mixed Expenditure?78 economy.60 42. Public Expenditure and 33. Examine the principles Economic Stability?81 which should govern public 43. Public Expenditure and expenditure and explain their Economic Growth.?82 implications.63 44. Distinguish between Direct 34. What the causes of increase Taxes and Indirect Taxes?83 in Public Expenditure in recent 45. Fiscal Policy is always years? How does Public formed to achieve Pre- Expenditure effect the determined Objectives. economy of a country?63 Discuss the major objectives of 35. Discuss different Fiscal Policy of Pakistan and discretionary methods of fiscal explain which particular tool of policy adopted by the state to Fiscal Policy is used to achieve rapid economic achieve each objective?86 growth?65 46. Central Bank as Clearing 36. State and briefly explain the House?89 Quantity Theory of Money in 47. Central as a Controller of term of Classical and Credit?90 Cambridge Chicago School of Thought?67