The Department of Business Economics came into existence in the year 1980.   Over the years, the faculty of the Department has given their best to impart knowledge to students in the area of economics through dedicated pedagogy and motivation. The Department has taken active interest in organizing workshops, guest lectures, and organised visit to the NSE to supplement classroom teaching. The faculty has contributed to institutional development by being associated with a number of committees and programmes. Faculty members have always endeavoured to motivate students to not only to excel academically, but also participate in various academic inter-college events and festivals.

REPORT ON FREEDOM CARAVAN AT MITHIBAI COLLEGE 2014-15
Freedom Caravan aims to bring young people together to explore pressing questions about our economy and rights, and encourage discussion and debate about the foundations of a free, prosperous, and just society. This year Freedom Caravan centred upon an interactive dialogue on the chosen theme: Who Creates Wealth? The aim of the discussion is to encourage participants to think critically, and encourage an open, inviting, and respectful atmosphere, which will allow students to freely ask questions, and contribute to a constructive conversation.
Freedom Caravan’s Seminar was conducted at Mithibai College on July 10, 2014 in the Seminar Hall with 100 enthusiastic student participants. It was organised by the Centre for Civil Society which is a public policy think tank in New Delhi, striving to advance social change through public policy, in association with Mithibai College’s Department of Business-Economics.
The Opening Activity was the World’s Smallest Political Quiz which ranks students’ attitudes toward freedom on two scales, personal and economic freedom.  Participants’ answers are used to categorise them into five categories: Authoritarian, Leftist, Conservative, Centrist, and Liberal.
The Central Discussion was around the topic of ‘Why is India Poor?’ and the main speaker was Mr. Luis Miranda. In this session, they debunked perennial myths about the causes of poverty and prosperity, and tried to develop individuals’ ability to use reasons, data, and evidence when thinking about public policy, and more fundamentally, tried to convince the participants about an approach to analyse this type of question and gain a pattern of thinking that will help them assess different possible answers to these kinds of questions until they get down to the root causes. Then there was a 15 minute-break where refreshments were served to all the participants and the organisers. Post the break, there were two Breakout Discussion Sessions on the topics- ‘Not a Zero Sum Game-Trade is Made of Win!’ and ‘How Markets Work?’. This session examined the concepts of wealth creation through trade and comparative advantage.
Throughout the seminar, students raised many questions and defended and argued various opinions. We wish to thank our college for giving us the opportunity and required support to conduct this event.

Our Team won the second prize at the economics festival, Ka Ching, organised by NMIMS School of Economics on 18th January 2017.

The following are the individual prize winners 

1) Dhruv Mandalia got the first prize in the event War of Westroes

2) Jay Shah and Krushang Rathod got the first prize in Ka-pl

Ms. Sneha Parab being felicitated by the Vice Chancellor Dr. Rajan Velukar for getting a merit position at the B.Com Examination 2014 securing 92/100 in the subject of Business Economics