The department was started in 1995.Intially it has been General Economics course.
But in 2000-01 academic year it was reconstructed into B.A Development Economics. The
speciality of the course is that under kannur university only two colleges (this college,
Government college mananthavady) offer Development Economics programme. Another
speciality is that this programme offer two mathematics based complementary courses
namely Mathematical Economics and Mathematics for Economic Analysis which provide
vital skills essential for obtaining admission in noted Indian and foreign universities. Hence
students seeking admission to the course requires strong mathematical and quantitative skills
at the plus two level. Twenty two batches were passed out and college obtained ranks in
every batch consistently. So far we have 23 university ranks in this UG course. In 2005-06
kannur university sanctioned MA Development Economics course and this is the only college
in the Kannur University which offers MA course in Development Economics. So far thirteen
batches were passed out and department have 23 university ranks in this PG course. College
in its two decades of existence has produced a number of exemplary aluminise such as
Bineesh Balan who secured admission in London school of Economics and Dr.Bibin K Joy
secured employment in World Bank.