Public Finance as the Collection of Funds - Assignment Example

Public Finance as the Collection of FundsPublic finance is the collection of funds in the form of taxes from the beneficiaries of public goods. The government does this collection, and the funds are used for production and distribution of public goods. It educates on the role of government in the economy and assesses the revenue of the government and its expenditure of public authorities. Public finance is divided into four branches that are: public expenditure, public debt, financial administration and public debt.

The government collects taxes from the public depending on the amount of income generated by either an individual or organization (Galindo & Nardi, 2012).The Public Finance and Trade Program at United Nations for Training and Research provide online education that covers important issues that are developing currently. These issues cover key areas of public financial management and intellectual property. This program focuses on expanding and enriching the government and private companies, specifically enriching the intellectual know-how of interested individuals.

The program is done through e-learning, thus making learning much easier and convenient. This program only requires the student to have a computer with internet access, to be allowed to attend the virtual classes (Ware, 2014). Thus, the e-learning courses allow participants get educated at the comfort of their computers and around their schedule. In addition to this, they achieve high quality training, and international networking and collaboration among the participants is also enhanced the online learning.

Each course of e-learning takes into consideration the requirements of people participating from developing countries and emerging economies. Basically, the e-learning center is composed of high broadband Wi-Fi complex. Through e-learning and incorporation of compulsory courses such as entrepreneurship, the students are educated on how to fair in job markets and on how to startup businesses.The e-learning course is applied through registration, technical requirements and profiles of e-course moderators.

Once a person has registered, the institution is required to send the password and username of all accepted participants, via email together with other instructions of accessing the course. The course fee should be made before one starts the course.According to Ware (2014), it is evident that e-learning is used in developing the economy by offering e-payment standard services. It helps the students of renewing and new plan sponsors receive their benefit payments by depositing directly. The students are also enabled to view their statements online.

The students benefit from up-to-date, practical and engaging content. Moreover, students get the benefit of applicable knowledge through online discussions and global networking. All in all, the e-learning course enables participants to learn about the economy and how the country operates financially. Moreover, the learners will be able to have an overview of how much funds the government is supposed to collect in the form of taxes. The participants of e-learning are able to know about issues affecting welfare, pensions and social insurance.

They are also educated on the impact of taxes to individuals and companies. Public finance enables people understand more the difference between the economy of less developed and developed country. Finally, participants are able to explore on the issues of outsourcing, privatization and proper government scope. Thus, introduction of the e-learning program is beneficial in the discipline of public finance.ReferencesGalindo, M. M. A., & Nardi, S. C. (2012). Public finance: Lessons from the past and effects on the future.

Hauppauge, NY: Nova Science Publishers.Ware, J. (2014, March 1). Earning an MBA Online: Internet-Based Programs OfferFlexibility. Florida Trend .