The Department of Economics is established in the College in 1966. The subject is taught to the students at the graduate level. It is taught at general and special level. The subjects: Indian Economy, Indian Bank, Micro and Macro Economics, Indian public Finance, International Economics and Economic Development and Planning are taught to the students at the department.
For evaluation of the students from the department, oral exams, Practical exams, group discussions are conducted at the department. The department is always trying to provide the knowledge of farming, industry and Banking to the students from the rural area to be utilized in their practical life. Students are guided to appear in the exams such as SET, NET, MPSC and UPSC. The department of Economics has organized three State level Seminars in 2014, 2017 and 2018.
Assit. Prof. Anand Ghongde and Prof. Dr. AjayKumar Palwe are working in the Department of Economics. Dr. A. M.Palwe is a recognised guide for M. Phil and Ph. D degrees at SPP University Pune. The future plan of the department is to introduce subject at postgraduate level.