The Department of Economics was established in 1966. The department apart from the teaching programme of Undergraduate, offers Post Graduate Course.

The objective of the department is to develop the foundational understanding of various disciplines of Economics among students & acquaint them with the contemporary economic problems and enable them to understand conceptually the efforts being made to tackle them. The Department established “Kautilya Club” in 2019 to foster students’ involvement in various co-curricular and extracurricular activities.

The department has produced a couple of university  toppers (Gold-Medalists) at undergraduate level. Three of the faculty members of the department have served the college as principal. The present head of the department is a member of the governing council of ICSSR, New Delhi. He has also served as a syndicate member at  Veer Narmad South Gujarat University, Surat.

There are various career options after graduating Bachelors or Masters programs in Economics, such as Finance and Budget Analyst, Banker, Market Analyst, Economist, Business or Economic Writer/Journalist, Investment Administrator and Analyst, Sales Executive or Analyst, Human Resources, Operations Manager.