Department of economics was established in the year 1984. Since then under graduate course is being conducted. Veteran Professor W. B. Ulmale became the first head of the department after his retirement Mr.Nagnath J. Manure and Mr. Y. P. Jambhulakr working as Assistant Professor on CHB basis in Department. Student activities has always been in the main focus of the department. Faculty members are actively involved in the area of research. The faculty members of the Department believe in overall development of the students and encourage them to participate in research seminars, skill-based workshops and other extra and co-curricular activities. The Department trains students to develop analytical thinking and to understand local, national and global economic issues and hence, it organizes their interaction with experts from various walks of socio-economic- political life. The Department also organizes annual study tour and industrial visits to varied economic activities across India.