Department of Economics was established in the year 1955 with a BA Degree course in Economics. The first batch of BA Economics came out in 1958.The second batch made history with an achievement of 1 st rank in undivided Kerala University to which the college was then affiliated. In 1965 the department started its Post Graduate degree programme. Over the years the department has been producing good results. The department secured First Rank in M.A Programme in the academic years 2002 and 2005, secured Second Rank in 2006 and 2011, Third Rank in 2017 for the M.A Economics Programme. The department has also secured Third rank in 2006, Second Rank in 2018 for the B.A Economics Programme. The department celebrated its golden jubilee in the year 2005 with a number of programmes including Seminars, workshops and quiz competitions. At present the department has the strength of 246 students who are undergoing their Undergraduate and Post Graduate Studies.
Academic Excellence with Employability, Character Building with Civic Consciousness, and Dissemination of Knowledge through Campus-Community Interaction
 Provide high quality education by integrating economics with mathematical sciences
 Orient to promote and protect dignity, equality, social justice and human rights
 Foster Campus- Community Partnership