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This collection consists of the records relating to the faculty and curriculum of the Department of Economics, primarily during the 1940s and 1950s, when prominent faculty members included James Angell, Arthur Burns, Carter Goodrich, Carl Shoup, Horace Taylor and William Vickerey. The collection also includes Carl Shoup's records from when the School of Business was administratively under the Department of Economics. There are also materials from Donald Dewey's courses: outlines, reading lists, exams, etc.

This collection contains the recorded minutes from the different faculty meetings: from the representative University Council to the individual schools (Columbia College, Engineering, Journalism, Law, etc.). Faculty meeting minutes include information on admissions, the academic calendar, curricular changes, faculty appointments and leaves, student petitions, fellowships, grants, prizes, and graduation requirements among other topics. Unfortunately, this collection is not complete. Additional minutes can be found in the record collections of the different faculties. For example, there is complete set of the minutes of the Faculty of Columbia College in the Columbia College records. Similarly, the minutes of the Seth Low Junior College and the minutes for the New York School of Social Work can be found in their respective collections.