The department was established in 1963 and functioned under Utkal university.To it's credit many eminent teachers taught as the faculty of Economics in the department. Subsequently, this subject was taught in the pre-professional level with 16 number of students. Due to increase in the demand for opting this honours 16 seats were increased, accordingly Govt. Concurrence and Fakir Mohan University, Balasore affiliation was accorded in the year 1999.since then the department was expanded with 40 seats and has been imparting quality education attaining the needs of rural youth. It offers undergraduate program B.A. in Economics attracting meritorious students from all over Odisha along with the nation . The department takes pride in promoting research projects and seminars on practical and current issues of the society. The vision of the department is to provide quality education in general with special focus on syllabus. The department takes this opportunity to acknowledge the gratefulness for the service rendered by the sincere and dedicated teachers in ensuring quality education to the student. Moreover, the history of the department is not the building but the students and teachers words fail us to pay our affectionate tribute to the countless generation of students who have excelled in different fields by putting in hard work and discipline. The department takes pride in their glory and they too have expressed their gratefulness for being the alumni of Atal Behari College, Basudevpur.