Labour Economics

Paper Code: 
HRG 117
Credits: 
3
Contact Hours: 
45.00
Objective: 

Course Objective

Paper has been designed such that it acquaints the students with the various facets of managing people and to create an understanding of the various policies and practices of human resource management.

 

Course Learning Outcome(CLOs):

Course

Learning Outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

 

 

  CO30:  To  understand the relative importance of industrial Labour in India.

 

  CO31:  To understand the applicability of the Demand and supply theory of wages in the achievement of business objectives.

 

  CO32: To analyze  the acts related to Social Security.

 

  CO33: To evaluate the concept of productivity and Rationalization.

 

 CO34:  To learn  the problems of Rural/Agriculture Labour in India.

Interactive lectures and Discussion and Power point presentation.

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

 

HRG 117

 

Labour Economics

Learning activities for the students: Self learning assignments, effective discussion, simulation and presentation

 

 

9.00
Unit I: 
Unit 1

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: 
Unit 2

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: 
Unit 3

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: 
Unit 4

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: 
Unit 5

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.7th edition

 

 

Academic Year: 
2021-2022
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