LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
M.A. DEGREE EXAMINATION – ECONOMICS
SECOND SEMESTER – APRIL 2012
EC 2810 – LABOUR ECONOMICS AND INDUSTRIAL RELATIONS
Date : 21-04-2012 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
Part – A
Answer any Five questions in about 75 words each: (5 x 4 = 20)
- Define ‘Labour Economics’ and briefly comment on it.
- Comment on ‘marginal productivity theory of wage’
- Briefly explain the two dimensions of quality of life.
- Distinguish between subsistence and standard of living theories of wages.
- Discuss the concept of ‘materialistic interpretation of history’ (Marx)
- Explain the two factors responsible for migration of labour to urban areas.
- Differentiate between product market and factor market.
Part – B
Answer any Four questions in about 250 words each: (4 x 10 =40)
- Explain the various specialities of labour.
- Examine the classical theory of employment.
- Bring out the scope of the subject ‘labour economics and Industrial Relations’.
- Explain the concept Internal and External wage structure.
- Discuss the Minimum Wages Act 1948.
- Bring out the Marxian View on trade unionism.
- Explain the KDHM model of Trade union.
Part – C
Answer any Two questions in about 1200 words each: (2 x 20 = 40)
- Examine the Institutional Labour Market Model.
- Evaluate the five steps in the process of manpower planning.
- Narrate the trade union movement in India.
- Critically analyze the Social Security measures in India.