The Department of Economics was instituted on December 31, 1966. The Department has conducted regular UGC sponsored Refresher Courses and Summer Institute Programmes for the teachers. The department offers M.A., M. Phil, and Ph. D & P.G. Diploma Courses with more than 50 Elective Papers and Choice Based Credit System (CBCS) , including Environmental & Resource Economics, Computer Application in Economics, and Mathematical Economics & Econometrics which are very important and rarely taught papers at the Post-graduate level. The Department is actively involved in consultancy and co-ordination with various public and academic organizations. The Department caters the needs of industry, public and private sectors by creating skilled manpower to meet the regional demands of socio-economic development. The Department faculty is continuously involved in major, minor research projects of UGC / ICSSR and other funding agencies. The faculty members have also published the number of papers, monographs & books in the different areas of Economics such as Environmental Economics, Public Economics, Agriculture and Cooperation, Banking and Finance. Since, its establishment the Department has produced more than 250 Ph. D. theses and more than 400 M. Phil. dissertations. The Department has also hosted International / National / State level Seminars/Conferences & Workshops on various important topics. The Department has hosted the 86th Annual Conference of Indian Economic Association (IEA) in December, 2003, 54th Annual Conference of Indian Society for Agricultural Society (ISAE) , 1995, 20th National Convention of ISSC, 2001 and 1st National Sugar Convention & Sugar Expo-2013 and Shivaji University Economics Association (SUEAK ) 2009 and 2016. The department has celebrated 2016 as its golden jubilee year. Teaching faculty of the department have also visited abroad to name a few USA, Japan, Malasiya, Singapur and Nepal for academic purposes. Teaching faculty of the department remains engaged in consultancy projects. This department has been included in the Government of Maharashtra list of third party Social Impact Assessment and assessment of schemes and programmes of the government. The Department has supplied its very valuable faculty as a Vice Chancellor, BCUD Director, Registrar, Faculty Dean to our University as well as others also. To name a few Prof. Dr. V. B. Ghuge, Prof. Dr. A. A. Dange , Prof. Dr. J. F. Patil, Prof. Dr. V. B. Jugale and others.
                       Globalization is an opportunity for hard working and sincere young Indians. One can take benefits of globalization by upgrading students skills along with specialization and additional skills which are required in the job market. Post-Graduate Diploma Courses run by the Department of Economics are tailor made to equip the students with add-on-knowledge of the subjects that have in demand in the job market. The list of the Post Graduate

Diploma Courses run by the Department includes;
1).Post-Graduate Diploma course in Foreign Trade
2).Post-Graduate Diploma course in Quantitative Techniques and Computer Application
3).Post-Graduate Diploma course in Agri-Business
4).Post-Graduate Diploma course in Corporate Governance
5).Post-Graduate Diploma course in Financial Markets
6).Post-Graduate Diploma course in Intellectual Property Rights (IPR )
7).Post-Graduate Diploma course in Cooperative Management
8).Post-Graduate Diploma course in Urban Banking