I. HISTORICAL PERSPECTIVE: The Department of Economics was established in the year 1965.The Dept. has progressed under stalwarts likes Prof. S.R. Israney, Prof. Lavande and Prof. Deo till 1980. Prof. N.O. Francis took over as H.O.D. of Economics in 1981.

The Dept. of Business Economics was established, headed by Prof. K.R. Madhavan in 1998.

II. PRESENT FACULTY: (2004 onwards):

II. MAIN ACTIVITIES: (Academic and Non-Academic): The Dept. caters to the development of students of Arts and Commerce streams at the Under Graduate and Post Graduate levels. The syllabi offered at these levels are:

• F.Y.B.A: Economic Theory
• S.Y.B.A: Macro Economics and Indian Economics
• T.Y.B.A: Advanced Economic Theory, Development and Environment Economics, Industrial and Labour Economics, Research Methodology, International Economics and Export Management.
• M.A. Part – I: Micro Economics, Macro Economics, Agricultural Economics and Industrial Economics
• M.A. Part – II: Development Economics, Public Economics, Agricultural Growth and Development, Labour Economics and Industrial Relations.
• F.Y.B.Com. : Business Economics – I
• S.Y.B.Com. : Business Economics – II
• T.Y.B.Com. : Business Economics – III
• M.Com. : Economics of global trade and finance

IV. RESEARCH PROJECTS: The faculty has been actively involved in enhancing the academic caliber by undertaking various research-oriented activities:

• Dr. Manju Pathak has been conferred the Doctoral Degree in Economics on “Socio Economic Contribution of Sindhi Community in Maharashtra. (A case study of Ulhasnagar, Thane, Khar and Chembur) in the year 2007-08.
  She has undertaken MRP funded by University of Mumbai on “Invulnerability of NRC workers” in the year 2003-04.
  She has undertaken a project with Commissioner of UMC on “Jeans Industry in Ulhasnagar” in the year 2007-08.
• Prof. Moni Alex is pursuing Ph.D. on “Globalization – the Context for Assessing India’s Economic Performance” since 2005-06.
• Prof. Indira Nair has completed MRP funded by University of Mumbai on “Kudumshree – A Tool for Empowerment of Poor Women in Kerela, a case study
  of NHGS of Haripad Block”, in 2006. She is pursuing MRP funded by University of Mumbai on “Role of MIDC in Industrial Development in Ambernath Zone” in 2009.
• Prof. S.V.L. Anuradha and Prof. Ashwini Gokhale are jointly pursuing MRP funded by University of Mumbai on “Micro Finance – A Tool of Women’s Empowerment”: A case study of Kalyan, Ambernath and Badlapur” in 2009.
• Prof. Ashwini Gokhale was selected to visit Clayton State University, Atlanta, USA in 2008 under the International Exchange Programme between Smt. C.H.M. College and S.S.U. Atlanta under the MOU for teaching Programme in Economics.
• Prof. Vilas B. Gaikar has been actively working as NCC officer in the college, since 2008. He has also actively worked in the NSS unit of the college and conducted Blood donation camps, literacy awareness campaigns, Medical camps, village adoption scheme etc.
• Prof. Usha Oomman: has been guiding students in research activities for the International Economic Convention since Dec.2005.till date.
• The Dept. inculcates research, leadership and competitive qualities amongst the students by motivating them to participate in International Economic Convention held annually under the aegis of HSN(C) Board. Mumbai on current changing scenario of Indian Economy vis-à-vis Globalization, having bagged excellent score in research writing and communication skill.

V. COMMUNITY OUTREACH ACTIVITIES: The dept. takes initiative in motivating and encouraging students to participate in Blood-donation, community street-plays, Rallies, Seminars, Workshops, Civic awareness etc. organized by different associations and centers of college.

VI. CULTURAL/CO-CURRICULAR ACTIVITIES: The faculty is actively involved in not only enriching the students academically but is also instrumental in the promotion of overall personality development of the students by motivating them to participate in various cultural and co-curricular events like Chandi-Utsav, Youth Festivals, Singing Competition, Essay Writing, Elocution, Debates, Quiz etc. at Intra and Inter collegiate level.