Labour Economics

Paper Code: 
HRG 117
Credits: 
03
Contact Hours: 
3.00
Max. Marks: 
100.00
Objective: 

This course aims at helping students think about some of the important ethical implications of the day-to-day happenings and practices of Indian industry and business.

Course Outcome (COs):

Course

Learning Outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

HRG 117

Labour Economics
  1.   Describe about industrial Labour in India.
  2.   Understand Demand and supply theory of wages
  3.   Understand the highlights of acts related to Social Security.
  4.   Understand concept of productivity and Rationalization.
  5.   Describe about Rural/Agriculture Labour in India

 

Interactive lectures and Discussion and Power point presentation.

 

Learning activities for the students:

 Self learning assignments, effective discussion, simulation and presentation

 

 

CA test, Semester end examination, Presentation,  Quiz,  and Interaction

 

9.00
Unit I: 
Labour Economics

 

·        Meaning & Significance of Labour.

·        Definition, nature scope and importance of Labour economics.

Economic and social characteristics of industrial Labour in India.

9.00
Unit II: 
Demand and Supply Theory of Wages

 

·        Demand for Labour.

·        Determinants of the demand of labour, Supply of Labour.

·        Determinants of the supply of labour.

Wage determination under Imperfect Competition

9.00
Unit III: 
Social Security

 

·        Concept, Aims, Methods of providing social security.

·        Social Assistance & Social Insurance.

·        Benefits of Workmen’s Compensation Act 1923.

Employees’ State Insurance Act

9.00
Unit IV: 
Concept of Productivity

 

  • Meaning, importance, types of productivity concepts.
  • Determinants of Labour productivity.
  • Measurement of Labour Productivity.
  • Concept of Rationalization: Meaning and Importance.

 

9.00
Unit V: 
Rural/ Agriculture Labour in India

 

  • Problems and measures to improve.
  • Their conditions relating to employment, wages.
  • Hours of work, indebtedness, housing.

 

Essential Readings: 

 

  • Bhagoliwal T N , “ Economies of labour and industrial relations” ,Sahtiys Bhawan Publications Agra.
  • Gupta C B , “ Human Resource Management”.Sultan Chand and Sons,New Delhi.
  • Bhatia S K & Singh Nirmal, “Principles and Techniques of Personnel Management and Human Resource Management” ,Deep & Deep Publications,New Delhi.
  • Garry Dessler “Human Resource Management”Prentice Hall of India, New Delhi.7 th edition

 

 

References: 

 

  • Bhagoliwal T N , “ Economies of labour and industrial relations” ,Sahtiys Bhawan Publications Agra.
  • Gupta C B , “ Human Resource Management”.Sultan Chand and Sons,New Delhi.
  • Bhatia S K & Singh Nirmal, “Principles and Techniques of Personnel Management and Human Resource Management” ,Deep & Deep Publications,New Delhi.
  • Garry Dessler “Human Resource Management”Prentice Hall of India, New Delhi.7 th edition

 

 

Academic Year: 
2020-2021
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