Centre for Human Human Resource Management and Labour Relations, School of Management and Labour Studies, Tata

Institute of Social Sciences, Mumbai M. A. Human Resource Management and Labour Studies Course Contents Title of the Course Instructor Total Credits Hours Rationale of the Course : Labour Economics: Theory and Practice (HR 17) Bino Paul G D, Centre for Human Resource Management 2 Credits (10 sessions = 30 hours); 1 session = 3 hours The course will introduce students to basic concepts in labour economics, covering models of labour market, basics of human capital, and economic models for human resource management. Following are the objectives of this course: Equip students with models and methods in Labour Economics Apply the economic models for shaping human resource management strategies Explore perspectives and models which are appropriate to Indian Labour Market

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Course Contents :

Sessions 1 & 2: What is labour market? Model of Labour Market, agents in a labour market, Scope Measuring Labour Force, Labour Supply Curve, Non Market sector, Technology and Demand for Labour, Production Function, Productivity, Market structure and wage determination, Minimum Wages, Monopoly and Monopsony Pre Read: Borjas (2007), Chapters 1,2, 3, 4 & 5

Session 3: Human Capital Education and earning Wage and Schooling, Return to Schooling, On the Job Training, Investment in Skills, Labour Mobility Pre Read: Borjas (2007), Chapters 7,8 & 9, Lev and Schwartz (1971), Lazear & Michael (2009), Chapter 3

Session 4: Labour Market Discrimination

Forms of Discrimination, Measures of Discriminations, Race, Caste and Gender Pre Read: Borjas (2007), Chapter 10 Session 5: Economics of Trade Union Unions, Strikes, Union Wage Effects Pre Read: Borjas (2007), Chapter 11, http://www.indialabourarchives.org/ Session 6 & 7: Economics of HR Processes Hiring Standards, Screening, Signalling, Turnover, Retention Strategies, Bidding for employees, Job Design, Performance Evaluation & Reward, Employment Relationship, Tournaments, Efficiency Wages Pre Read: Lazear & Michael (2009), Chapter 1, 2, 4, 7, Borjas (2007), Chapter 11 Session 8 & 9: Applying Economic Logic in HR The logic of benefits and costs Absenteeism, Employee Turnover, Health and wellness, Employee engagement, Staffing utility, Value of job performance, Training programmesPre Read: Wayne and John (2008), Chapters 2, 3. 4, 5, 6, 8 & 9 Session 10: An overview of Indian Labour Market Occupation, Economic Activity, Degree of Organization, Social Security, Educational Attainment, Social Group, Region, Gender, Unemployment, Underemployment, Indian Labour Statistics, wage and Price index Pre Read: India Labour Market Report 2008, http://www.atlmri.com/market_report.php Cascio Wayne & John Boudreau (2008), Investing in People, New Jersey: FT Press George J. Borja (2007), Labor Economics, 4th edition, McGrawHill International Editions Kufman Bruce E (1994), The economics of labour market, Orlando: The Dryden Press. Lev, Baruch and Schwartz, Abba (1971), On the Use of the

References

Economic Concept of Human Capital in Financial statements, Accounting Review, Vol. 46, No. 1, pp. 103112. Lazear P. E & Michael Gibbs (2009), Personnel Economics in Practice, New Jersey: Wiley & Sons NCEUS (2007), Report on Condition of Work and Promotion of Livelihoods in the Unorganised Sector, National Commission for Enterprises in the Unorganised Sector, Planning Commission, Government of India, New Delhi. NSSO (2006), Employment and Unemployment Situation in India, 2005-06 , Round Report No 522, NSS 62nd Round, National Sample Survey Organisation, Ministry of Statistics and Programme Implementation, Government of India, New Delhi. http://www.atlmri.com/userfiles/file/DiscussionPaper2.pdf http://www.atlmri.com/userfiles/file/ATLMRIDiscPaper06_Final.pdf http://www.atlmri.com/market_report.php Assessment Component Individual Assignment Weight 50 % Note 1. to be submitted on before 8th session 2. Out of this 50 %, 20 % for presentation and 30 % for write-up Examination 50 % An open book examination based on session 1 to 15.