In 1923, when the College was started by the Sisters of the Cross, the intermediate course was introduced in the Department of Economics. Then the department rose to the status of an Under Graduation in 1957. It became a Post Graduate Department in 1964. With the autonomous status conferred on the College, the department has started an additional programme in Economics with specialization in Rural Management in 1989. The M.Phil. Programme in Economics was introduced in 2003. The UGC sponsored add-on course in NGO Management was introduced in 2004. In the same year, the Entrepreneurial Development Centre was established to impart entrepreneurial skill training and enable the students to become self-employable. The Department has attained the status of a Research Center in 2013.
At present, the department has 2 Associate professors and 7 Assistant Professors. To keep pace with the new developments in the field of Economics, the Faculty members participate in various national and international conferences/workshop/seminars/symposia, etc. and attend Orientation / Refresher Courses and Training Programs organized by the College and other Universities and Institutions. The students who are enrolled in the Department are mostly from the economically weaker sections of the society and they are also first generation learners. Keeping this in mind, the department offers remedial courses and tutorial classes after class hours to bridge their learning gap. The autonomous status has given the department wide opportunities to restructure the curriculum content periodically catering to the intellectual and career needs of the students. To make the teaching-learning process student-centered, the Faculty members of the department supplements the lecture method with ICT mode of teaching. There is a constant mentoring of Students by the faculty with periodical guidance and counselling.
To promote the intellectual, cultural, aesthetic and social interests among the students the department is carrying out diversified activities though its academic association called the Planning Forum. The planning forum conducts periodical meetings and inter – collegiate competitions to build capacities in students. The Sports volunteers of the Department are excelling in sports events, winning laurels to the Department and College. Some of the best practices of the Department are mentorship, innovation in teaching-learning practices, issue of an annual newsletter, organizing workshops, imparting entrepreneurial skill training and integration of field work and practical components in curriculum.
The department of Economics was brought under the system of school of management from 2018 onwards.
To attain academic excellence and innovation in Economics through value-based education and social transformation.
Teaching and Research in Economics to facilitate value based socio- economic change and development.