The Department was started in 1995. Initially it has been General Economics course .But in 2000-01 academic year it was restructured in to B.A Development Economics. The speciality of the course is that under Kannur university only 2 colleges ( this college and ,Govt College Mananthavadi) 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 . 13 batches were passed out and college obtained ranks in every batch consistently.So far we have 18 University ranks in this U.G course . In 2005-06 Kannur University sanctioned M.A Development Economics course and this is the only college in the Kannur university which offers M .A course in Development Economics .So far four batches were passed out and Department have 11 university ranks in this P.G course.