The Department of Economics was established to foster a comprehensive understanding of economic theories and principles, preparing students for careers in public policy, business, and academia. The department offers an undergraduate course and is recognized as a significant center of study within the Shivaji University, Kolhapur jurisdiction. Through both formal and informal educational activities, the department encourages students to apply their academic knowledge to real-world economic issues.

Activities include:

1) Celebrations of important economic-related days like World Population Day, Global Entrepreneurship Week, and Labor Day, fostering awareness of global and national economic issues.

2) Study visits to financial institutions, local economic organizations, and private/government bodies, providing students with insights into economic practices.

3) Guest lectures, debates, and discussions on contemporary economic challenges and policies, promoting active learning and critical thinking.

4) Use of ICT tools to enhance teaching methodologies, ensuring students have access to the latest economic data, tools, and software for analysis and research.

Its emphasis on connecting academic knowledge with real-world applications fosters critical thinking and awareness of global and national economic issues.