HOLY CROSS COLLEGE (AUTONOMOUS) TIRUCHIRAPPALLI-2
B.A .ECONOMICS
SEMESTER –V
MAJOR ELECTIVE- 2 LABOUR ECONOMICS
CODE: U13EC5MET02
HOURS : 5
CREDITS : 5
Objectives:
 To expose students to theoretical and empirical issues relating to the labour
Market.

To provide students with a comprehensive and a realistic picture of certain important
and challenging problems that has arisen in the field of labour economics.
Unit- I Labour Markets.
a. Labour as a factor of production – Nature and characteristics of labour markets in
developing countries like India
b. Nature, Scope and significance of labour economics
c. Manpower requirements, selection and recruitment.
Unit -II Industrial Relations.
a. Nature and scope
b. collective bargaining – workers’ Participation in Management
c. Human relations in Industry, principles and practices of personnel Management.
Unit – III Wage Determination
a. Classical, neo- classical and Bargaining theories of wage determination
b. Concepts of minimum wage, living wage, and fair wage in theory and practice
c. Discrimination In labour markets- wage policy and wage regulation
Unit – IV State and labour
a. Concept of social security, social assistance and social insurance
b. Review and appraisal of states’ policies with respect to social security in India
c. Impact of Economic reforms on Labour.
Unit-V Labour administration and organization
a. Evolution of machinery for labour administration in India.
a. International Labour Organisation
b. India and the ILO.
Reference Books

Arun Monappa(1998),Industrial Relations, Tata Mc Graw – Hill publishing
company Ltd, New Delhi;

Bhagoliwal T.N.,(1996) Economics of labour and industrial relations’
Sachitya Bhawan. Agra;

Jiwitesh Kumar Singh,(1998) Labour Economics-Principles,problems and
practices, Deep and Deep Publications Pvt. Ltd., New Delhi;
 Lester R. A.,(1964) Economics of Labour , Macmillan, New york, 2nd
Edition;



Mc. Connel C.R and S.L. Brue,(1985) Contemporary Labour Economics, McGraw Hill,
New York;
Mehrotra S.N.,(1986),Labour Problems in India, S.Chand & Company Ltd., New
Delhi;and
Srivastava S.C( 1996) Industrial relations and labour laws, Vikas Publishing House Pvt.
Ltd.
HOLY CROSS COLLEGE (AUTONOMOUS) TIRUCHIRAPPALLI-2
B.A .ECONOMICS
SEMESTER –V
MAJOR ELECTIVE – 2: LABOUR ECONOMICS
HOURS : 5
CREDITS : 5
CODE: U08EC5MET02
SPECIFIC OUTCOMES OF LEARNING
Objectives:
 To expose students to theoretical and empirical issues relating to the labour market

Unit- I
Unit -II
-
To provide students with a comprehensive and a realistic picture of certain
challenging problems that has arisen in the field of labour economics.
important and
Recall the meaning of Labour
Describe the peculiarities of Labour as a factor of production
Explain the Nature and characteristics of labour markets in developing countries like India
Analyze the Nature, Scope and significance of labour economics
Describe the concept of manpower requirements
Restate the process of selection and recruitment in organizations
Analyze the Nature and scope of Industrial Relations
Recall the meaning of collective bargaining
Describe the process and forms of collective bargaining
Examine the growth of collective bargaining in India.
Recall the meaning of workers’ participation in management
Describe the forms of workers’ participation in management in India
Restate the assumptions of Human relations in Industry,
Describe the approaches to Human Relations
Suggest measures to improve Human Relations in Industries
Recall the meaning of personnel management
List the principles of personnel Management.
Describe the personnel functions of an organization
Unit – III
- Describe the Classical, neo- classical and bargaining theories of wage
determination
- Restate the concepts of minimum wage, living wage, and fair wage in theory and practice
- Analyze the level of Discrimination in labour markets in India
- Restate the wage policy and wage regulation in India
Unit – IV
- Restate the Concepts of social security, social assistance and social insurance
- Examine the need for social security in India
- Describe the legislative measures for social security covering Workmen’s Compensation Act
1923, Employees State Insurance Act 1948, Maternity Benefit Act, 1961, The Employees Family
Pension Scheme, 1971.
- Analyze the Impact of Economic reforms on Labour market.
Unit-V
- Describe the evolution of machinery for labour administration in India.
- Restate the origin, objectives, recommendations and functions of International Labour
Organisation
- Analyse the influence of international labour standard on Indian labour legislation.
HOLY CROSS COLLEGE (AUTONOMOUS) TIRUCHIRAPPALLI – 2
B.A .ECONOMICS
SEMESTER – V: NOV.2014
MAJOR ELECTIVE- 2 LABOUR ECONOMICS
MODEL QUESTION PAPER
TIME: 3 HRS
CODE: U08EC5MET02
MARKS: 100
SECTION – A (20x1=20)
Answer all the questions
1. Define ‘labour’.
2. Recall the meaning of ‘labour economics’.
3. Define Industrial Relation.
4. What is collective bargaining?
5. What do you mean by worker’s participation in management?
6. Write a note on social insurance.
7. What do you mean by recruitment?
8. Recall the meaning of real wage.
9. When was the ILO established?
10. What is Personnel management?
11. Transfers initiated to increase the versatility of an employee is called
a) Replacement transfer b) Rotation transfer c) Shift transfer d) Remedial transfer
12. Identify the two well established bases of promotion followed in an organization.
a) regular attendance and punctuality b) Merit and seniority
c) nature of work and wages
d) punctuality and sincerity
13. “Employees, who worked in others farm or non-farm enterprises (both household
and non- household and, in return, received salary or wages on a regular basis” are
called
a) Regular workers b) Casual labour c) Contract labour d) Self-employed labour
14. The first conference of I.L.O was held at
a) Washington b) Geneva c) Russia d) India
15. The Industrial Disputes Act was passed in the year
a) 1945 b) 1947 c) 1946 d) 1948
16. The percentage of workers employed in the organized sector of Indian labour market is
roughly around
a) 80
b) 8 c) 92 d) 75
17.Social security includes
a) Commercial Insurance
insurance
b) Social Insurance c) Life Insurance d) Burglar
18. The wage fund theory is associated with
a)J.S.Mill
b) Karl Marx
c) Aristotle
d) A.K Sen
19. Match the following and choose the correct panel:
1. Hard approach
A. provision of monetary inducement and working
conditions
2. Carrot and stick approach
B. high productivity as a personal goal of employee
3. Soft approach
C. coercion
4. Path goal approach
D. combination of reward and punishment
E. Close supervision and control
a) 1-B, 2-C, 3-D, 4-A, b) 1-E, 2-D, 3-A, 4-B, c) 1-B, 2-E, 3-A, 4-D, d) 1-D,2-A, 3-B,4-C.
20. Assertion and Reasoning Question:
Assertion: Workers’ participation in Management is not successful in India.
Reason: Existence of a strong trade union is a pre-requisite of WPM
a)Both the ASSERTION and the REASON are true statement and the REASON is an adequate
explanation for the assertion.
b) Both the ASSERTION and the REASON are true statements but REASON does not explain
the ASSERTION
c) The ASSERTION is a true statement but the REASON is a false statement
d) Both the ASSERTION and REASON are false statements.
SECTION – B (5x7=35)
Answer all the questions selecting one from each set.
21. a Explain briefly the characteristics of Indian Labour Market
(Or)
21. b. Elucidate the importance of Labour Economics.
(Or)
22,a Explain the concept of collective bargaining.
(Or)
22. b What are the principles of Personnel Management?
23. a Bring out the importance of wage policy
(Or)
23 b. Elucidate few categories of wages.
24. a. Explain the need for social security in India.
(Or)
24. b. Explain briefly the importance of social security measures.
25. a. Write short notes on I.L.O
(Or)
25. b. Restate the objectives of I.L.O
SECTION – C (3x15=45)
Answer any THREE questions.
26. Enumerate the steps involved in man power planning of an organization.
27. Define Personnel management. Elucidate the personnel functions of an organization.
28. Bring out the theories of wage determination.
29. Analyze the impact of economic reforms on Indian labour market.
30. Write an essay on the functions of I.L.O.