The college started teaching Economics as a discipline of B.A. (Pass) since its inception in 1967. The founder faculty member Ms. V Bala Subramaniam laid the foundation of the department along with Ms. Manjeet Kaur, Ms. Kiran Chopra, Ms. Indu Jairath, Ms Swaran Bhalla, Ms. Asha Sachdev and Ms. Shobha Mathur.
At present the department has six faculty members. Along with Economics as a discipline course in B.A.(Programme) the department is now offering Honours in Economics.
In October 2011, the department introduced its own association, “Ecomantra” that organizes various activities and events spread across the year such as an Annual Economics festival,lectures, seminars, and career planning sessions. This year in March, Ecomantra organized its Annual festival ‘EQUANTUM 2017’. The event provided a platform for discussion, analysis and application of understanding ‘Big data & Economic Survey’ and ‘the ease of doing businesses. The invited speakers were Mr. Syed Zubair Noqvi, Deputy Director of Economics, Ministry of Finance and Mr. Aurodeep Nandi, Deputy Head of Economics, British High Commission. The department also publishes an annual magazine “Eco Buzz” that highlights the events of the year along with article contributions from students and teachers.
Under the erstwhile FYUP scheme, the department introduced B.A. (Honours) Economics and got an overwhelming response admitting 250 students and attained a resounding success of 100% pass percentage. Economics as an under graduate option opens up a huge spectrum of vistas ranging from academics, management, corporate sector, and bureaucracy among others. The achievements of our alumni is a testimony to this fact whereby our students have gone on to join IIM Ahmedabad, Delhi School of Economics, Indian Statistical Institute, prestigious foreign universities, CII, the big four consultancy, etc. In short, economics is the perfect hedge for a spectacular future, ceteris paribus.
The department would offer two core papers namely Introductory Microeconomics and Mathematical Methods of Economics – I and the students have the option to choose their own respective General Elective paper from various other subjects apart from their own Economics discipline. The papers offered under Skill enhancement for Hons are Research Methodology in third semester and Contemporary Economic Issues in fourth semester.
The department offers General Elective papers namely Introductory Microeconomics, Indian Economy -I, Money and Banking etc to students of other disciplines. The papers offered under Skill Enhancement for Programme are Understanding the Economic Survey and Union Budget in the third semester and Research Methodology in the fourth semester respectively.