The Department of Economics is a distinguished unit of Mohanlal Sukhadia University with its immense contribution to the highest education in the field of Economics in Rajasthan. The founding head of the department was Prof. B. K. Tondon. It has been successfully running the Under Graduate Courses (B.A. Pass Course and Honours), Post Graduate Course (M.A. Economics CBCS), M.Phil. and Ph.D. in Economics. Every year about 300 students get enrolled in these courses in the Department. In year 2023 the deprtment has also adopted NEP. The under graduate courses aim at encompassing the knowledge and learning of basic concepts and theories related to economics while PG level courses focus on advance theoretical and practical aspects of the subject with diversity of options and skill of data analysis through software.

The thrust areas of research of the Department are: Socio-Economic Development of Tribals, Agricultural Development, Macroeconomic issues, Financial and Development Issues of India and Rajasthan.

The scholars of the department are regularly being awarded by doctoral and post-doctoral fellowships from ICSSR and UGC. The updating of syllabi is regular practice of the department and present syllabi are catering the needs of the students who are preparing for competitive exams like NET, SET, UPSC and RPSC exams for administrative and academic posts. Alumni of the Department are presently working in Civil services, Reserve Bank of India and other Banks as administrators or data analysts and in schools, colleges and universities as teachers and in research institutes as researchers.