Home                                                                                                                                                          Back
Syllabus FoGroup-C Paper-II
Educational Finance

Objectives :

  1. To acquaint the students with the relationship between the financial support of education and quality of education.

  2. To develop familiarity with the various sources of financing education in India.

  3. To develop in them the understanding of school accounting and developing skill in school budgeting.

  4. To develop appreciation of the financial problems of educational administration.

  5. To enable the students to locate human and material resources and utilise them to the maximum benefit for education.

 

Unit - 1    Educational Finance : Need, Significance and Principles :

  1. Concept of Educational Finance

  2. Need and significance of Educational Finance

    1. Rising Unit costs and resources constraints

    2. Demand for education.

    3. Supply of education.

    4. constitutional responsibility for providing education.

  3. Principles of educational finance :

    1. General theory of public finance :

      1. Allocation of resources - economic and social bases for allocation of resources in education.

      2. Financing education for :

        1. Equality of education - social justice

        2. Efficiency - cost - minimization and quality improvement

        3. Productivity - Relevance of Education to the world of work and create qualified and productive manpower.

Unit - 2    Growth of Educational finance in India after Independence.

Unit - 3    Role of following bodies in financing Education in India :

  1. Government of India.

  2. State Governments

  3. Local Bodies

  4. Private agencies

  5. Voluntary Organizations.

Unit - 4    Sources of Finance :

  1. Government grant (central, state, local)

  2. Tuition fees

  3. Taxes

  4. Endowments, Donation and gifts

  5. Foreign aids.

Unit - 5    Economics of Educational System :

              Cost of Education :

  1. Increase in per pupil cost and its relation to per capital income.

  2. Methods of determining educational costs, unit costs, direct cost, opportunity costs.

  3. Decisive factors on costs : Size of class, teaching load, enrolment at different levels etc.

  4. Salary of teachers.

Unit - 6    Educational Expenditure :

  1. The Determinants of expenditure on education :

    1. Public exp. as a percentage of grip

    2. Edu. exp. in relation to government revenue.

    3. Inflation and public expenditure on education.

  2. Clarification of Educational expenditure.

  3. Direct and indirect objects of expenditure :

    1. Direct objects : Primary, secondary higher, professional and technical education.

    2. Indirect objects : Direction and Inspection, stipends and scholarships, building, furniture and equipment, boards of secondary education etc.

Unit - 7    Grant-in-aid systems :

  1. Types of grant-in-aid.

  2. Central grants, state grants and allocation of grants by U.G.C.

  3. Grant-in-aid policy in India and state.

  4. Center-State relationship in financing education.

Unit - 8    School Budget :

  1. Budget making process

  2. Budget as an instrument of

  3. Evaluation

  4. Planning a school budget in relation to govt., grants, resources from the society, tuition fees, donations and local endowments etc.

Unit - 9    Some problems and issues of Educational Finance :

  1. Tuition fees : Merits and demerits of uniform, tuition fees.

  2. Additional resources for education.

  3. Critical review of present grant-in-aid policy of the state government with special reference to secondary education.

  4. The factors affecting increasing the financial burden on local governments.

  5. Ways and means of controlling funds.

References :

  1. Azad, Jagdishlal FInancial of Higher Education in India, New Delhi, Sterling Publishers, 1975.

  2. Misra, Atmanand Financing Education in India, Bombay : Asia Publishing Co., 1964.

  3. John, R. L. and Morphet, B.L.(Ed.) Problems and Issues in public school finance, New York: Columbia University, 1952.

  4. Mort, P. R. and Reusser, W.C. Public School Finance, New York : McGraw Hill, 1960.

  5. Musgrave, R. A., Theory of public Finance : A Study of public Economy, New York : Mcgraw Hill.

  6. Saxton, P. G. Education and Income, New York : Viking Press, 1961.

  7. Vaizeg, J. Costs of Education, London : Allen and Union, 1964.

  8. UNESCO Financing of Education, Paris : 1961.

style6