Labor Economics ECOEC305 Course File M A ECO 2022-23

IFTM UNIVERSITY, MORADABAD
School of Social Sciences

Department of Economics
Course File
Course : M.A. (Economics)

Year : Second Year
Semester : III
Subject : Labor Economics

Subject Code : ECOEC305
Session : 2022-23
Faculty Name : Mr. Gajendra Singh
IFTM University, Moradabad
M.A. (Economics)
ECOEC305: Labor Economics
Semester - III
Session: 2022-23
S. NO. Contents
1. Academic Calendar
2. Syllabus
3. Course Objective
4. Lecture Plan
5. Master Time Table
6. Individual Time Table
7. List of Students
8. Assignment-1 and Solution
12. Class Test (CT) – 1 Question Paper and Solution
15. Internal Assessment Record
16. Last Year Question Paper
17. List of Slow Learners & Action Plan for enhanced learning/
List of Fast Learners & Action Plan for higher achievement
18. Question Bank (Theory) and (Objective/MCQ)
19. Result Analysis
20. CO and PO Attainment
21. List of Books and Internet Sources

M.A. (Economics)
Semester - III
Session: 2022-23
Objectives of the Syllabus
The main objectives of this course are to provide students an understanding to the
concepts and aspects of disaster and its relationship with development, to ensure
awareness of Disaster Risk Reduction (DRR) approaches among students and to
assist students develop ability to respond to their environment with potential
response to disaster research for skill development.
Paper Code: ECOEC305
Paper Title : Labor Economics
Instructor :
Paper Objective:
 To understand the concept of teacher education.

 To acquaint with competencies essential for the teaching profession.
 To acquaint with sense of accountability for the teaching profession.
 To acquaint with the recent trends in teacher education.
 To understand the new trends and techniques in teacher education.
M.A. (Economics)
Semester - III
Session: 2022-23
Syllabus
Programme/Class: Year: Second Semester: Third

Certificate/ MA
Subject: Economics
Course Code: Course Title:

ECOEC305 Labor Economics
Credits: 4 Core Compulsory
Max. Marks: 25+75 Min. Passing Marks: 40
Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w

No. of
Unit Topics Lectures
 Labour Market:
 Characteristics, Role in Economic Development
 Employment and unemployment,
 Mobility of Lobour;
I 15
 Productivity of Labour :
Meaning, Measurement, Factors affecting productivity,
 Rationalization; Nature and Characteristics of Labour Markets in
Countries like India;
 Methods of recruitment and placementfor skill development and

employability at national level.
Wages Determination:
II  Theories of Wages Determinationfor skill development and

employability at national level,
 Methods of Wage Payment; Concept and Importance of minimum, 15
 Living and Fair Wages, Wage differentiates, Wage determination in
Rural, Urban,
 Organized and Unorganized Sectors, Bonus System; Profit Sharing,
 National Wage Policy.
Industrial Relations and Trade Unions:

 Industrial disputes and industrial peace; methods of settlement and
prevention of industrial disputes;
III 15
 Industrial relations in India;
 Workers participation in management
 Collective bargaining and wage theory;
 Trade union movement in India;

 Problems and limitations for skill development and employability
Social Security and labour policy:

 Social Security- Meaning and evolution; social assistance and social
insurance;
IV
 Social security and labour welfare in India,
15
 Labour policy in India,
 Manpower planning;
 Labour Market Reforms and Impact of Globalization on Labour

Markets,
 Employment Service Organization in India for skill development.
Course outcomes:
After completing this course students will be able to:

CO1. Describe the characteristics and role of labour and labour market in economic development
of the country for skill development and employability at national level.
CO2. Describe the various wages determination and methods of wage payment country for skill
development and employability locally.
CO3. Explain the concept of industrial relations and trade unionscountryfor skill development and
employability.
CO4. Define the meaning of social security, social assistance, social insurance and labour policy
country for skill development.
Mapping Course Outcomes leading to the achievement of Programme Outcomes:

PO-CO Mapping (Please write 3, 2, 1 wherever required)
(Note: 3 for highly mapped, 2 for medium mapped and 1 for low mapped)
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10
CO1 2 3 2 2 1 1 1 1 1 1
CO2 2 3 2 2 1 1 1 1 1 1
CO3 2 3 2 2 1 1 1 1 1 1
CO4 2 3 2 2 1 1 1 1 1 1
Co Curriculum Enrichment Mapping (Please 3,2,1 wherever required):
Entrepreneurship
Skill Development Employability
Development
CO1 3 3 1
3
3 1
CO2
3
3 1
CO3
3
1 1
CO4
Suggested Readings:
1- Hajela, P.D., Labour Restructuring in India: A Critique of the New Economic Policies.
2- Lester, R.A., Economics of Labour.
3- McConnell, C.R. and Brue, S.L., Contemporary Labour Economics.
4- Mishra, L., Child Labour in India.
5- Papola, T.S., Ghosh, P.P. and Sharma,A.N., Labour, employment and industrialRelations in
India.
6- Saxena, R.C., Labour Problem and Social Welfare.
7- Sharma, A.N., Informal Sector In India: Emerging Perspectives.
Course prerequisites: To study this course, a student must have had the subject Economics in
class/ Graduation.
Suggested Continuous Evaluation Methods:

Assignment / Test / Quiz (MCQ) / Seminar/ Presentations/ Research orientation of students
Suggested equivalent online courses:

Courses on Swayam / MOOCS
M.A. (Economics)
Semester - III
Session: 2022-23
Time Table
10:00- 10:50- 11:40- 12:30- 1:20-

Day/Time 2:10-3:00 3:00-3:50 3:50-4:40
10:50 11:40 12:30 1:20 2:10
MON. C010101T ECOOE301 ECOCC103 ECOEC305 C010301T
TUE. ECOCC103 C010101T C010301T ECOOE301
ECOOE301
WED. C010301T ECOCC103 ECOEC305
THU. ECOEC305 C010101T ECOOE301
FRI. ECOCC103 ECOEC305 C010101T
Signature of H.O.D

M.A. (Economics)
Semester - III
Session: 2022-23
Students List
S.No. Roll No. Student Name Father's Name Mobile No.

ABHILASH
1. 21231001 CHOUDHARY ABHIJAY MR. VIRENDRA SINGH 8630869613
MR. SANJAY KUMAR 9027225181
21231002 ANURAG SHARMA
2. SHARMA
21231004 FAIZAN NAZER MR. MOHD SHAFEEQ 7983532500
3.
21231005 KM SHAISTA MR. SHER ALI 7017241269
4.
MR. DHARMENDRA 7599246120
21231007 MYANK DHARIWAL
5. SINGH
21231009 VIDIT KUMAR MR. JAGVEER SINGH 9759794123
6.
MR. ATUL CHANDRA 9084391664
21231010 VINAMRA SHARMA
7. SHARMA
21231011 GAURAV SHARMA
MR. CHINTARAM 7668764074
8. SHARMA
MR. SHIV SHANKAR 9760347292
21231012 NEERAJ SINGH
9. SINGH
21231013 RITIK MR. KULDEEP 9927985666
10.

M.A. (Economics)
Semester - III
Session: 2022-23
Lecture Plan
No. of Actual Date

Unit Topic Lectures of Lecture Signature
Meaning of Labor Market 01
Analytical Study of Labor

02
Market Characteristics,
Role in Economic Development 01
Employment and
Unit -1 02
unemployment,
Mobility of Lobour 01
Productivity of Labour 01
Meaning, 01
Measurement, 01
Factors affecting productivity 01
Rationalization; Nature of 02
Labour;
Characteristics of Labour 01
Markets in Countries like
India;
Methods of recruitment and

placement. 02
Total Lecture of Unit 1 01
Meaning of Wages 01
Determination
Analytical Study of Wages 02

Determination Characteristics,
Theories of Wages 02
Determination,
Methods of Wage Payment; 01
Concept and Importance of 02

minimum,
Unit -2
Living and Fair Wages, 01
Wage differentiates, 01
Wage determination in Rural, 01
Urban, Organized and 02

Unorganized Sectors,
Bonus System; 01
Profit Sharing, 01
National Wage Policy. 01
Meaning of Industrial 02
Relations and Trade Unions;
Analytical Study of Industrial

Relations Characteristics, 02
Industrial disputes and 02

industrial peace;
Methods of settlement and 02

prevention of industrial
disputes;
Industrial relations in India; 01

Unit- 3
Workers participation in 01
management
Collective bargaining and wage 02

theory;
Trade union movement in 01

India;
Workers Participation in 02
Management
Meaning of Social Security and 01

labour policy
Analytical Study of Social 02

Security-
Meaning and evolution; 01
Social assistance and social 02

insurance;
Social security and labor 02
Unit-4 welfare in India,
Labor policy in India, 01
Manpower planning;
01
Labor Market Reforms 01
Impact of Globalization on 02
Labour Markets,
Employment Service 02
Organization in India
Problems and limitations 01
1. Ahluwalia, I.J. and Little, I.M.D., India’s Economic Reforms

and development.
Reference 2. Ghosh, Alak, Indian Economy.
3. Sen, R.K. and Chatterjee, B., Indian Economy.
4. Jalan, B., India’s Economic Policy.
Course outcomes:
After completing this course students will be able to:
CO1. Define the concept of Labor Economics and explain various types of disasters, its
causes and Impacts including social, economic, political, environmental, health,
psychosocial, etc. for increasing the skills globally.
CO2. Describe the disaster life cycle, community based DRR and roles and
responsibilities of community and climate change adaptation for skill development at
national level.
CO3. Describe the factors affecting vulnerabilities, impact of development projects

climate changing scenario for skill development.
CO4. Describe the Hazard and Vulnerability profile of India, Institutional arrangements
and Institutional arrangements for improving student’s skill development at national level.
Mapping Course Outcomes(Cos) leading to the achievement of Programme Outcomes(Pos)
CO1 1 1 1 1 3 1 1 1 1 1
CO2 1 1 1 1 3 1 1 1 1 1
CO3 1 1 1 1 3 1 1 1 1 1
CO4 1 1 1 1 3 1 1 1 1 1
Co Curriculum Enrichment Mapping
Entrepreneurship
Skill Development Employability
Development
CO1 3 1 1
2
CO2 1 1
3
3
CO3 1 1
3
CO4 1 1
R. K. Singh
Professor Assistant Professor

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.-1
Q1. Explain fully using a diagram if the wages are “above the market wages”. What are
the adjustments that will occur and the impact of this(results)?
प्र.01- यदि मजदूरी "बाजार मजदूरी से अधिक" है तो आरेख का उपयोग करके पूरी तरह
से समझाएं। क्या समायोजन होंगे और इसका (परिणाम) प्रभाव क्या होगा?
Q2. Explain how the labour market works in respect to the labour market, the capital
market and the product market.
प्र.02- रर समझाएं कि रम
बा
रजार रम बारजार , पूंजी बाजार और उत्पाद बाजार के संबंध
में कै से काम करता है।
Q3. Define the terms Wages, Earnings, Compensation, and Income. Give examples where
necessary.
प्र.03- मजदूरी, कमाई, मुआवजा और आय की शर्तों को परिभाषित करें। जहां आवश्यक हो उदाहरण दें।
Q4. Explain fully using a diagram if the wages are “above the market wages”. What are
the adjustments that will occur and the impact of this(results)?
प्र.04- यदि मजदूरी "बाजार मजदूरी से अधिक" है तो आरेख का उपयोग करके पूरी तरह
से समझाएं। क्या समायोजन होंगे और इसका (परिणाम) प्रभाव क्या होगा?
Q5. Inputs in production can be substitutes or complements in production. Explain the

difference.
प्र.05- उत्पादन में आगत उत्पादन में स्थानापन्न या पूरक हो सकते हैं। अंतर स्पष्ट करें।

M.A. (Economics)
Semester - III
Session: 2022-23
Solution
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.-2
Q 1. What is Labor Economics?
Q 1. श्रम अर्थशास्त्र क्या है?
Q 2. What is positive economics?
Q 2.सकारात्मक अर्थशास्त्र क्या है?
Q 3. Explain the concepts of scarcity and rationality in labor economics.
Q 3. श्रम अर्थशास्त्र में दुर्लभता और तार्कि कता की अवधारणाओं की व्याख्या कीजिए।
Q 4. Fully explain the two models used to forecast positive economics.
Q 4. सकारात्मक अर्थशास्त्र का पूर्वानुमान लगाने के लिए उपयोग किए जाने वाले दो

मॉडलों की पूरी व्याख्या करें।
Q 5. What is normative economics? Explain fully.
Q 5. मानक अर्थशास्त्र क्या है? पूरा समझाइए

M.A. (Economics)
Semester - III
Session: 2022-23
Solution
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.-3
Q 1. Explain how the labour market works in respect to the labour market, the
capital market and the product market.
प्रश्न 1. व्याख्या करें कि श्रम बाजार, श्रम बाजार, पूंजी बाजार और उत्पाद बाजार के
संबंध में कै से काम करता है।
Q 2. Explain the scale effect fully, Explain the substitution effect.
प्रश्न 2. स्के ल प्रभाव को पूर्ण रूप से समझाइए, प्रतिस्थापन प्रभाव को समझाइए।
Q 3. Define the term “market-clearing wage”.
प्रश्न 3. "बाजार-समाशोधन वेतन" शब्द को परिभाषित करें।
Q 4. Explain fully using a diagram if the wages are “above the market wages”.
प्रश्न 4. यदि मजदूरी "बाजार मजदूरी से अधिक" है तो आरेख का उपयोग करके पूरी
तरह से समझाएं।
Q 5. What are the adjustments that will occur and the impact of this(results)?
प्रश्न 5. क्या समायोजन होंगे और इसका (परिणाम) प्रभाव क्या होगा?

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.-3
Solution
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.-4
Q1. Explain National Wage Policy in India.
Q1 भारत में राष्ट्रीय वेतन नीति की व्याख्या कीजिए।
Q2. Write a short note of Bones system.
Q2 अस्थि तंत्र पर संक्षिप्त टिप्पणी लिखिए।
Q3. Structure of Labour Unions in India.
Q3 भारत में श्रमिक संघों की संरचना।
Q4. Measures relating to settlement of Industrial disputes.
Q4 औद्योगिक विवादों के निपटारे से संबंधित उपाय।
Q5. Discuss the marginal productivity theory for wage determination.
Q5 मजदूरी निर्धारण के लिए सीमान्त उत्पादकता सिद्धांत की चर्चा कीजिए।

M.A. (Economics)
Semester - III
Session: 2022-23
Assignment No.- 4
Solution
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
Question Papers of Class Test
CT-1
Time: 1 Hour Max.Marks:10
Note: Attempt any two questions. All questions carry equal marks.
Course outcomes:
On completion of this course, learners will be able to:
CO1: Define the meaning of Growth, Structure and Features of the Indian Economy for
skill development at national level.
CO2. Explain the objectives and Strategy of Planning in India for skill development,
employability and entrepreneurship development.
CO3: Describe the knowledge of the basic demographic features, aspects and basic
problems of Indian Economy for skill development at national level.
CO4. Describe the knowledge of social infrastructure of Indian Economy nationally for
skill development.
Q.NO. 01- Describe the characteristics of labor market. CO1

प्र. सं.01- श्रम बाजार की विशेषताएं बताइए।
Q.No. 02-What do you mean by employment and unemployment? CO1

प्र. सं.02- रोजगार और बेरोजगारी से आप क्या समझते हैं?
Q.No. 03-Describe the method of recruitment and placement. CO1

प्र. सं.03- भर्ती और नियुक्ति की विधि का वर्णन करें।

M.A. (Economics)
Semester - III
Session: 2022-23
CT-1 (Solution)
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
CT-2
Course outcomes:
skill development.
Q.NO. 01- What is the Methods of Wage Payment ? CO2.
प्र. सं.01- मजदूरी भुगतान के तरीके क्या हैं?
Q.No. 02-What do you mean by Theories of Wages Determination ? CO2.
प्र. सं.02- मजदूरी निर्धारण के सिद्धांतों से आप क्या समझते हैं ?
Q.No. 03- State the difference between organized and unorganized sectors. CO2.
प्र. सं.03- संगठित और असंगठित क्षेत्रों में अंतर बताइए।

M.A. (Economics)
Semester - III
Session: 2022-23
CT-2 (Solution)
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
CT-3
Course outcomes:
skill development.
Q1. What do you mean by Labour Market ? CO 3

Q1 श्रम बाजार से आप क्या समझते हैं ?
Q2. Explain the nature and characteristics of Labour Markets in India.

Q2. भारत में श्रम बाजारों की प्रकृ ति और विशेषताओं की व्याख्या कीजिए। CO3
Q3. Discuss the marginal productivity theory for wage determination.

Q3. मजदूरी निर्धारण के लिए सीमान्त उत्पादकता सिद्धांत की चर्चा कीजिए। CO4

M.A. (Economics)
Semester - III
Session: 2022-23
CT-3 (Solution)
 See the Notes

M.A. (Economics)
Semester - III
Session: 2022-23
Internal Assessment Record
CT1 CT2 CT3 Assignment Attendance Total

S. No. Student Name Roll No.
ABHILASH 8 7 0 5 5 25
1. CHOUDHARY ABHIJAY 21231001
ANURAG SHARMA 21231002 8 0 7 5 5 25
2.
FAIZAN NAZER 21231004 8 7 0 5 5 25
3.
KM SHAISTA 21231005 7 8 0 5 5 25
4.
MYANK DHARIWAL 21231007 0 7 8 5 5 25
5.
VIDIT KUMAR 21231009 7 0 7 5 5 24
6.
VINAMRA SHARMA 21231010 8 7 0 5 5 25
7.
GAURAV SHARMA 21231011 0 8 7 5 5 25
8.
NEERAJ SINGH 21231012 7 8 0 5 5 25
9.
RITIK 21231013 0 7 8 5 5 25
10.

M.A. (Economics)
Semester - III
Session: 2022-23
Question Bank
Course: M.A. (Economics)
Subject: Labor Economics
Paper Code: ECOEC305
Semester: III
Questions from Unit- 1:
Q1. What is labour economics ?

श्रम अर्थशास्त्र क्या है?
Q2.What is positive economics?
सकारात्मक अर्थशास्त्र क्या है?
Q3.Explain the concepts of scarcity and rationality in labour economics?
श्रम अर्थशास्त्र में दुर्लभता और तर्क संगतता की अवधारणाओं की व्याख्या कीजिए।
Q4.Differentiate between Nominal and Real Wages.

नाममात्र और वास्तविक मजदूरी के बीच अंतर।
Q5.What is normative economics? Explain fully.

मानक अर्थशास्त्र क्या है? पूरा समझाइए।
Questions from Unit-2:
Q1.What are the items in the marginal product of labour?

श्रम का सीमान्त उत्पाद में कौन-कौन सी वस्तु होती है?
Q2.Discuss the problems of female labour in India.
भारत में महिला श्रमिकों की समस्याओं की व्याख्या कीजिये |
Q3.Describe the causes of weakness of Trade Unions in India.

भारत में श्रम संगठन की कमजोरी के कारणों की विवेचना कीजिये |
Q4.Explain the characteristics of Indian Labour.

भारतीय श्रम की विशेषताएं बताइए |
Q5.Discuss the workers participation in management.

प्रबंध में श्रमिकों की भागीदारी की व्याख्या कीजिये |
Q1.Explain the Growth Pole.

विकास स्तंभ के बारे में बताइए |
Q 2.Define Economic Base Theory.

आर्थिक आधार सिद्धांत को परिभाषित कीजिये |
Q 3.Define Region.
क्षेत्र की परिभाषा बताइए |
Q 4.What do you know about Regional Planning?

क्षेत्रीय नियोजन के बारे में आप क्या जानते हैं?
Q5.Explain the characteristics of land and agriculture of under developed

regions.
अल्पविकसित क्षेत्रों की भूमि एवं कृ षि की विशेषताएं बताईये|
Q1.Explain the capital market imperfections.

पूंजी बाजार की खामियों की व्याख्या करें।
Q2.What is Pareto efficiency in labor economics?

श्रम अर्थशास्त्र में पारेटो दक्षता क्या है?
Q3.Explain the concepts of scarcity and rationality in labor economics.

श्रम अर्थशास्त्र में दुर्लभता और तार्कि कता की अवधारणाओं की व्याख्या कीजिए।
Q4.Fully explain the TWO models that are used to predict positive economics.
सकारात्मक अर्थशास्त्र की भविष्यवाणी करने के लिए उपयोग किए जाने वाले दो मॉडलों
को पूरी तरह से समझाएं।
Q5.What is normative economics? Explain fully

मानक अर्थशास्त्र क्या है? पूरी तरह से समझाओ?

M.A. (Economics)
Semester - III
Session: 2022-23
Multiple Choice Questions with Answer Key
Q1. Which is the most essential function of an entrepreneur?

प्र 1. एक उद्यमी का सबसे आवयककश्य
कार्य कौन सा है?
(a) Supervision
(ए) पर्यवेक्षण
(b) Management
(बी) प्रबंधन
(c) Marketing
(सी) विपणन
(d) Risk bearing
(डी) जोखिम वहन
Q2. Indian agriculture is typically characterized as

Q2। भारतीय कृ षि की वि ष्ट ष्
टशि षताहै
वि षताशे
(a) land surplus, labour scarce economy
(ए) भूमि अधि ष, श्रम दुर्लभ अर्थव्यवस्था
(b) land surplus, labor surplus economy
(बी) भूमि अधिशेष, श्रम अधिशेष अर्थव्यवस्था
(c) land-scarce, labor surplus economy
(सी) भूमि-दुर्लभ, श्रम अधिशेष अर्थव्यवस्था
(d) land-scarce, labor scarce economy
(डी) भूमि दुर्लभ, श्रम दुर्लभ अर्थव्यवस्था
Q3. Which of the following items is a major oil item of Indian export?
Q3। निम्न लिखित में से कौन सी वस्तु भारतीय निर् या
त की एक प्रमुख तेल वस्तु है?
(a) Computer chips
(ए) कं प्यूटर चिप्स
(b) Potato chips
(बी) आलू के चिप्स
(c) Textile garments
(सी) कपड़ा वस्त्र
(d) Car engines
(डी) कार इंजन
Q4. Price theory is also known as

Q4। मूल्य सिद्धांत के रूप में भी जाना जाता है
(a) Macroeconomics
(ए) मैक्रोइकॉनॉमिक्स
(b) Development Economics
(बी) विकास अर्थशास्त्र
(c) Public Economics
(सी) सार्वजनिक अर्थशास्त्र
(d) Micro Economics
(डी) सूक्ष्म अर्थशास्त्र
Q5. Which of the statements is correct about India’s national income?

Q5। भारत की राष्ट्रीय आय के बारे में कौन सा कथन सही है?
(a) Percentage share of agriculture is higher than services
(ए) सेवाओं की तुलना में कृ षि का प्रतिशत हिस्सा अधिक है
(b) Percentage share of industry is higher than agriculture
(बी) उद्योग का प्रतिशत हिस्सा कृ षि से अधिक है
(c) Percentage share of services is higher than the industry
(सी) सेवाओं का प्रतिशत हिस्सा उद्योग से अधिक है
(d) Percentage share of services is higher than agriculture and industry put
together
(डी) सेवाओं का प्रतिशत हिस्सा कृ षि औ र उद्योग को मिलाकर प्रतिशत से अधिक है
Q6. The gradation and standardization of agricultural products are conducted

through
Q6। कृ षि उत्पादों के उन्नयन औ र मानकीकरण के माध्यम से आयोजित किया जाता है
(a) Food Corporation of India
(ए) भारतीय खाद्य निगम
(b) Directorate of Marketing and Inspection
(बी) विपणन औ र निरीक्ष लयशा
ण निदेलय
(c) Indian Standards Institution
(सी) भारतीय मानक संस्थान
(d) Central Statistical Organization
(डी) केंद्रीय सांख्यिकीय संगठन
Q7. When too much money is chasing too few goods, the situation is
प्रन श्न7. जब बहुत अधिक पैसा बहुत कम माल का पीछा कर रहा हो, तो स्थिति यह है
(a) Deflation
(ए) अपस्फीति
(b) Inflation
(बी) मुद्रास्फीति
(c) Recession
(सी) मंदी
(d) Stagflation
(डी) स्टैगफ्लेशन
Q8. One of the main factors that led to the rapid expansion of Indian exports is
प्रन श्न8. मुख्य कारकों में से एक जिसके कारण भारतीय निर् या
त का तेजी से विस्तार हुआ है
(a) Imposition of import duties
(ए) आयात शुल्क का अधिरोपण
(b) Liberalization of the economy
(b) अर्थव्यवस्था का उदारीकरण
(c) Recession in other countries
(सी) अन्य दे श) में मंदी
(d) Diversification of exports
(d) निर् या
त का विविधीकरण
Q9. Cheap money means

प्रन श्न9. सस्ते पैसे का मतलब है
(a) Low rates of interest
(ए) ब्याज की कम दरें
(b) Low level of saving
(बी) बचत का निम्नस्तर
(c) Low level of income
(c) आय का निम्नस्तर
(d) Low level of standard of living
(डी) जीवन स्तर का निम्नस्तर
Q10. Compared to the rich the poor save

प्रन श्न10. अमीरों की तुलना में गरीब बचत करते हैं
(a) A larger part of their income
(ए) उनकी आय का एक बड़ा हिस्सा
(b) An equal part of their income
(बी) उनकी आय का एक समान हिस्सा
(c) A smaller part of their income
(c) उनकी आय का एक छोटा हिस्सा
(d) All of their incomes
(डी) उनकी सभी आय
Q11. Kisan Credit Card scheme was introduced in

प्रन श्न11. किसान क्रे डिट कार्ड योजना की शुरुआत की गई थी
(a) 1991
(b) 1996
(c) 1998
(d) 2000
Q12. The government takes ‘ways and means advances’ from

प्र 12. सरकार 'अर्थोपाय अग्रिम' से लेती है
(a) RBI
(ए) आरबीआई
(b) IDBI
(बी) आईडीबीआई
(c) SBI
(सी) एसबीआई
(d) ICICI
(डी) आईसीआईसीआई
Q13. ‘NABARD’ is associated with the development of

प्र 13. 'नाबार्ड ' किसके विकास से जुड़ा है
(a) the agricultural sector and rural areas
(ए) कृ षि क्षेत्र औ र ग्रामीण क्षेत्रों
(b) heavy industries
(बी) भारी उद्योग
(c) banking sector
(सी) बैंकिं ग क्षेत्र
(d) real estates
(डी) अचल संपत्ति
Q34. Engel’s Law states the relationship between

प्रन श्न34. एंगेल्स लॉ के बीच संबंध बताता है
(a) quantity demanded and price of a commodity
(ए) मात्रा की मांग औ र वस्तु की कीमत
(b) quantity demanded and price of substitutes
(बी) मात्रा की मांग औ र विकल्प की कीमत
(c) quantity demanded and tastes of the consumers
(सी) उपभोक्ताओं की मांग औ र स्वाद की मात्रा
(d) quantity demanded and income of the consumers
(डी) उपभोक्ताओं की मांग औ र आय की मात्रा
Q15. Which of the following taxes is not collected by the Central Government?
प्र 15. निम्न
लिखित में से कौन सा कर केंद्र सरकार द्वारा एकत्र नहींकिया जाता है?
(a) Income tax
(ए) आयकर
(b) Customs duty
(बी) सीमा शुल्क
(c) Professional tax
(c) व्यावसायिक कर
(d) Excise duty
(डी) उत्पाद शुल्क
Q16. The supply of agricultural products is generally

प्र 16. कृ षि उत्पादों की आपूर्ति आम तौर पर होती है
(a) elastic
(ए) लोचदार
(b) inelastic
(बी) अयोग्य
(c) perfectly elastic
(सी) पूरी तरह से लोचदार
(d) perfectly inelastic
(d) पूर्णतः बेलोचदार
Q17. With which form of economy is the term ‘Laissez-faire’ associated?

प्रन श्न17. 'अहस्तक्षेप-फेयर' शब्द किस प्रकार की अर्थव्यवस्था से जुड़ा है?
(a) Capitalist economy
(ए) पूंजीवादी अर्थव्यवस्था
(b) Socialist economy
(बी) समाजवादी अर्थव्यवस्था
(c) Mixed economy
(सी) मिश्रित अर्थव्यवस्था
(d) Command economy
(डी) कमांड अर्थव्यवस्था
Q18. When the total product rises at an increasing rate, the

प्रन श्न18. जब कु ल उत्पाद बढ़ती दर से बढ़ता है, तो
(a) marginal product is zero
(ए) सीमांत उत्पाद शून्य है
(b) marginal product is rising
(बी) सीमांत उत्पाद बढ़ रहा है
(c) marginal product is falling
(सी) सीमांत उत्पाद गिर रहा है
(d) the marginal product remains constant
(डी) सीमांत उत्पाद स्थिर रहता है
Q19. The definition of ‘small-scale industry’ in India is based on
19। भारत में 'लघु उद्योग' की परिभाषा आधारित है
(a) sales by the unit
(ए) इकाई द्वारा बिक्री
(b) Investment in machines and equipment
(बी) मशीनों औ र उपकरणों में निवे
श
(c) market coverage
(सी) बाजार कवरेज
(d) export capacity
(डी) निर् या
त क्षमता
Q20. Economies of Scale means a reduction in

प्र 20. पैमाने की अर्थव्यवस्थाओं का अर्थ है में कमी
(a) the unit cost of production
(ए) उत्पादन की इकाई लागत
(b) the unit cost of distribution
(बी) वितरण की इकाई लागत
(c) the total cost of production
(सी) उत्पादन की कु ल लागत
(d) the total cost of distribution
(डी) वितरण की कु ल लागत
Q21. Free Trade refers to

प्र 21. मुक्त व्यापार को संदर्भित करता है
(a) free movement of goods from one country to another
(ए) एक देश से दूसरे देश में माल की मुक्त आवाजाही
(b) movement of goods free of cost
(बी) माल की मुफ्त आवाजाही
(c) unrestricted exchange of goods and service
(सी) वस्तुओं औ र सेवाओं का अप्रतिबंधित विनिमय
(d) trade free of duty
(डी) शुल्क मुक्त व्यापार
Q22. Imputed gross rent of owner-occupied buildings is a part of

प्र 22. मालिक के कब्जे वाले भवनों का अनुमानित सकल किराया का एक हिस्सा है
(a) capital formation
(ए) पूंजी निर् मा
ण
(b) final consumption
(बी) अंतिम खपत
(c) intermediate consumption
(सी) मध्यवर्ती खपत
(d) consumer durable
(डी) उपभोक्ता टिकाऊ
Q23. Purchasing Power Parity theory is related with

प्र 23. क्रय शक्ति समता सिद्धांत संबंधित है
(a) Interest rate
(ए) ब्याज दर
(b) Bank rate
(बी) बैंक दर
(c) Wage rate
(सी) मजदूरी दर
(d) Exchange rate
(डी) विनिमय दर
Q24. Excise duty on a commodity is payable with reference to its

प्र 24. किसी वस्तु पर उत्पाद शुल्क उसके संदर्भ में देय होता है
(a) production
(ए) उत्पादन
(b) production and sale
(बी) उत्पादन औ र बिक्री
(c) production and transportation
(सी) उत्पादन औ र परिवहन
(d) production, transportation, and sale
(डी) उत्पादन, परिवहन औ र बिक्री
Q25. Knowledge, technical skill, education, etc. in economics, are regarded as

प्रन श्न25. अर्थशास्त्र में ज्ञान, तकनीकी कौशल, शिक्षा आदि को माना जाता है
(a) social-overhead capital
(ए) सामाजिक-उपरि पूंजी
(b) human capital
(बी) मानव पूंजी
(c) tangible physical capital
(सी) मूर्त भौतिक पूंजी
(d) working capital
(डी) कार्यशील पूंजी
Answers of Multiple choice Questions-

1 d 6 d 11 d 16 b
2 d 7 c 12 a 17 d
3 b 8 a 13 c 18 b
4 d 9 d 14 a 19 c
5 c 10 a 15 c 20 c
21 a 22 c 23 b 24 a
25 d

M.A. (Economics)
Semester - III
Session: 2022-23
List of Slow Learners & Action Plan for enhanced learning/ List of Fast
Learners & Action Plan for higher achievement.
S.No. Roll No. Student Name Slow Learner/Advance Learner
ABHILASH CHOUDHARY Advance Learner

1. 21231001 ABHIJAY
21231002 ANURAG SHARMA Advance Learner

2.
21231004 FAIZAN NAZER Advance Learner
3.
21231005 KM SHAISTA Advance Learner
4.
21231007 MYANK DHARIWAL Advance Learner
5.
21231009 VIDIT KUMAR Advance Learner
6.
21231010 VINAMRA SHARMA Advance Learner
7.
21231011 GAURAV SHARMA Advance Learner
8.
21231012 NEERAJ SINGH Advance Learner
9.
21231013 RITIK Advance Learner
10.

M.A. (Economics)
Semester - III
Session: 2022-23
Result Analysis
Total Students Appeared Pass Fail Remark

10 10 10 Nil Nil
M.A. (Economics)
Semester - III
Session: 2022-23
CO& PO Attainment
Labor ECOEC305 Lecture (L)

Process ATTAINMENT CO1
Economics CO1 1
ATTAINMENT CO2
CO2 1
ATTAINMENT CO3
CO3 1
ATTAINMENT CO4
CO4
0.8
CO Average 0.68333333333333
CO Attainment Level 1
0.683 0.632 0.500 0.502 0.534 0.542 0.528 0.552 0.500 0.500

M.A. (Economics)
Semester - IIIrd
Session: 2022-23
List of Books and Internet Sources:

1. Hajela, P.D., Labour Restructuring in India: A Critique of the New Economic
Policies.
2. Lester, R.A., Economics of Labour.
3. McConnell, C.R. and Brue, S.L., Contemporary Labour Economics.
4. Mishra, L., Child Labour in India.
5. Papola, T.S., Ghosh, P.P. and Sharma, A.N., Labour, employment and industrial
Relations in India.
6. Saxena, R.C., Labour Problem and Social Welfare.
7. Sharma, A.N., Informal Sector In India: Emerging Perspectives.
Website Sources:
 https://en.wikipedia.org/wiki/Labour_economics
 https://economics.mit.edu/files/4689
 http://web.uvic.ca/~hschuetz/econ370/hndout1.pdf
Note: Latest editions of all the suggested readings must be used.

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IFTM UNIVERSITY, MORADABAD

School of Social Sciences

Course : M.A. (Economics)

Subject : Labor Economics

5. Master Time Table

6. Individual Time Table

8. Assignment-1 and Solution

9. Assignment-2 and Solution

10. Assignment-3 and Solution

11. Assignment-4 and Solution

12. Class Test (CT) – 1 Question Paper and Solution

13. Class Test (CT) – 2 Question Paper and Solution

14. Class Test (CT) – 3 Question Paper and Solution

15. Internal Assessment Record

16. Last Year Question Paper

List of Fast Learners & Action Plan for higher achievement

18. Question Bank (Theory) and (Objective/MCQ)

19. Result Analysis

20. CO and PO Attainment

21. List of Books and Internet Sources

Objectives of the Syllabus

Paper Code: ECOEC305

Paper Title : Labor Economics

 To understand the concept of teacher education.

Programme/Class: Year: Second Semester: Third

Course Code: Course Title:

Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w

 Methods of recruitment and placementfor skill development and

II  Theories of Wages Determinationfor skill development and

Industrial Relations and Trade Unions:

 Trade union movement in India;

Social Security and labour policy:

 Labour Market Reforms and Impact of Globalization on Labour

After completing this course students will be able to:

Mapping Course Outcomes leading to the achievement of Programme Outcomes:

Co Curriculum Enrichment Mapping (Please 3,2,1 wherever required):

Suggested Continuous Evaluation Methods:

Suggested equivalent online courses:

10:00- 10:50- 11:40- 12:30- 1:20-

MON. C010101T ECOOE301 ECOCC103 ECOEC305 C010301T

TUE. ECOCC103 C010101T C010301T ECOOE301

THU. ECOEC305 C010101T ECOOE301

FRI. ECOCC103 ECOEC305 C010101T

IFTM University, Moradabad

S.No. Roll No. Student Name Father's Name Mobile No.

IFTM University, Moradabad

No. of Actual Date

Meaning of Labor Market 01

Analytical Study of Labor

Role in Economic Development 01

Factors affecting productivity 01

Methods of recruitment and

Total Lecture of Unit 1 01

Analytical Study of Wages 02

Methods of Wage Payment; 01

Concept and Importance of 02

Wage determination in Rural, 01

Urban, Organized and 02