KUK - LMS

Syllabus

MODULE NO / UNIT	COURSE SYLLABUS CONTENTS OF MODULE	NOTES
Course Code: M-BECOE- 023 Course Name: Elective Course - Economics of Labour-I
1	Labour Markets and Demand for Labour Nature and characteristics of labour markets in developing countries like India; Paradigms of labour market analysis — Classical, neo-classical and dualistic economy; Demand for labour in relation to size and pattern of investment; Choice of technologies and labour policies. Reading List • Lester, R.A. (1964). Economics of Labour, (2nd Edition), Macmillan, New York. • Rees, A. (1973). Economics of Work and Pay, Harper and Row, New York. • Sen, A.K. (1975). Employment, Technology, and Development, Oxford University Press, New Delhi. • Solow, R.M. (1990). Labour Market as an Institution, Blackwell, London.
2	Supply of labour Supply of labour in relation to growth of labour force; Labour market policies; Mobility and productivity of labour; Rationalization; Methods of recruitment and placement; Employment service organization in India. Reading List • McConnell, C.R. & Brue, S.L. (1986). Contemporary Labour Economics, McGraw-Hill, New York. • Papola, T.S. & Rodgers, G. (Eds.). (1992). Labour Institutions and Economic Development in India, International Institute for Labour Studies, Geneva. • Rosenberg M.R. (1988). Labour Markets in Low Income Countries, In Chenery, H.B. and T.N. Srinivasan, (Eds.), The Handbook of Development Economics, North-Holland, New York.
3	Employment Employment and development relationship — Poverty and unemployment in developing countries; Unemployment — Concept, Types, and Measurement, particularly in India; Impact of rationalization, technological change and modernization on employment in organized private industry, Public sector and employment in agricultural sector; Analysis of educated unemployment. Reading List • Das, N. (1960). Unemployment, Full Employment and India. Asia Publishing House, Bombay. • Datt, G. (1996). Bargaining Power, Wages and Employment: An Analysis of Agricultural Labour Markets in India. Sage Publications, New Delhi. • Kannapon, S. (1983). Employment Problems and Urban Labour Markets in Developing Countries. University of Michigan, Ann Arbor. • Sharma. A.N. & Kundu, A. (Eds.). (2001). Informal Sector in India: Emerging Perspectives. Institute for Human Development, New Delhi.
4	Wage Determination Classical, neo-classical and bargaining theories of wage determination; Concepts of minimum wage, living wage and fair wage in theory and practice; Discrimination in labour markets; Wage determination in various sectors — rural, urban, organized, unorganized and in informal sectors. Reading List • Binswanger H.P. & Rosenzweig, M.R. (Eds.) (1984), Contractual Arrangements, Employment, and Wages in Rural Labor Markets in Asia. Yale University Press, New Haven. • Desphande L.K. and J.C. Sandesara, (Ed.). (1970). Wage Policy and Wages Determination in India. Bombay University Press, Bombay. • Hicks J.R. (1932). The Theory of Wages. Clarendon Press, Oxford. • Jhabvala, R. &Subrahmanya,R.K. (Eds.) (2000).The Unorganised Sector: Work Security and Social Protection. Sage Publications, New Delhi. • Madan, B.K. (1977).The Real Wages of Industrial Workers in India. Management Development Institute, New Delhi.