The Department of Economics was started in the year 1964 at UG level and in the year 2013 at PG level. This course of study is organized on semester programme and each semester provides for a minimum of 90 instructional days. The medium of instructions are Tamil and English. The students are evaluated on a continuous basis throughout the semester.

Department of Economics offers a broad range of course options covering the International Trade, Labour Economics, Mathematical Economics, Research Methodology and Agricultural Economics. While the Department as a national and international reputation in its scholarship. The faculties are equally committed to teaching and advising the students.

Our under graduate go on to varied interesting careers in banking and business in law and government and in international relation and teaching. Graduate of the M.A., programme pursue careers not only in the traditional areas of research and teaching but also in fields as diverse as library and Government service.

Our Department is gifted with more efficient and devoted 1 Permanent Staff and 11Guest Lecturers who are ready to adhere to the needs of the students at any time. Under the able guidance and counselling of staff members, students bring laurels to the department and college by securing many prizes in various competitions that are held at regional and state level by their active participation in various competitions and sports meet they add fame to the college. Our Department Library have many books like Economics and competitive exam books.

The department of economics consists of exploring the economic study and analysis, policy framing and implementation issues faced by the Indian economy along with the analysis of other economies in the world. The department thrives to reach standards of excellence in teaching, research and consultancy economics is important for many areas of society. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider most important.

Objective of the department

v  In Government Thirumagal Mills College to provide better education for the students of our department.

v  To fabricate the students of our department to face the challenges in this competitive global sceneries.

v  To impact moral code of conduct among the students of the department.

v  To create and develop self confidence among the students.

v  To achieve the goals in a realistic manner.

v  To advise the students to develop communication skill so as to face the interviews.

v  To develop the rural and urban students education.

v  To fabricate as a dream of rural students like Indian Army and competitive examination like state and national.

v  To make the students able to understand the various causes of poverty, unemployment price rise, inflation and their remedial measures.

v  To make the students able to understand the economic explosion of consumers, rights of consumers in the society.

v  To make the students able to acquire knowledge of various economic terms like various definitions of economics and economy, capitalistic, socialistic and mixed economy, developed and developing economy.

Features available in the department

·         Our economics department since started UG Economics and enhanced PG Economics with massive growth and development.

·         We are conducting National seminars and conference on “Foreign Direct Investment Challenges and Opportunities”.

·         We honourly contributed state level seminars and publication of journals.

·         Our department students excellently participated in Extra – curricular activities like sports and got many rewards, prizes in our college level.

·         Our students got vast employment opportunities in many sectors like Army force, police, Government and Private jobs.

·         Our students are widely participated and achieved more prizes in Quiz Programmes, competition.

·         We proudly convey that our students participated and received many prizes in NCC play ground activities, which is conducted by Thiruvalluvar University.

·         Economics can be applied in daily life by buying and selling goods. Economics helps us in studying the past, future and current models and apply themes to societies, Government, business and individuals.

·         Economy is the social institution that ensures maintenance of society through the production, distribution and consumption of goods and services.

·         Increasing the number of students every year for Department of Economics.

·         Economics shows how scarce resources can be used to increase wealth and human welfare.

·         Economics is the science that deals with production, exchange and consumption of various commodities in economic systems.