PUBLIC FINANCE FOR UG, PG, UPSC, AND NET SYLLABUS Public Economics  Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality  Regulation of Market – Collusion and Consumers’ Welfare  Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation  Public expenditure  Public Debt and its management  Public Budget and Budget Multiplier  Fiscal Policy and its implications