The Department of Economics, CMP Degree College, Prayagraj is a close-knit community made up of dynamic student bodies and proficient teaching personnel with utmost dedication. The Department was established in the year 1956-57 with Undergraduate Programme (B.A.). The classes were started initially in the campus of K.P. Inter College, Prayagraj with the strength of single digit. The first most faculty member and Head of the Department was Dr. C. B. L. Srivastava. Later on, Dr. Santosh Kumar Srivastava, Prof. S. N. Lal, Prof. Amrendra Kumar Singh and Prof. Manmohan Krishna also flourished this prestigious Department.
At present the Department of Economics, CMP Degree College is having the largest strength of students among all the constituent colleges of the University of Allahabad. The Department offers Undergraduate (B.A.), Postgraduate (M.A.) and Ph.D. Programmes. The Postgraduate Programme (M.A.) was started in 2018-19 to meet the requirements of students in the field of Economics. The department also offers the Ph.D. Programme since the year 2022-23 under the excellent supervision of the faculty members of the Department, which focuses on quality and dynamic research. The Department at present has eight faculty positions, of which 5 are currently in place, in the designation of Assistant Professors.
The Department provides a solid foundation in economic theory and quantitative skills for economic analysis in the undergraduate and post graduate curriculum. The faculty members of the department have a unique attitude in which they always endeavour to walk alongside the students as co-learners on the path of knowledge building. The Department's ongoing focus on helping students comprehend economic concepts within a multidisciplinary framework has greatly inspired students to follow their goals with keeping a people centred mind set. In addition, students are continuously exposed to a variety of talks, lectures, seminars, conferences, workshop, contests, and group discussions.