What is the difference between economics and finance? What about the direction of work

Updated on Financial 2024-03-03
7 answers
  1. Anonymous users2024-02-06

    In a broad sense, finance belongs to the field of economic research, which is the study of economic activities in the financial currency circulation market (such as bonds, insurance, banks, venture capital, etc.).

    The general economics majors seen in universities are mainly biased towards academic research, and their research scope is very wide and the topics are very large, so they are generally not aimed at specific practical economic disciplines. However, many new branches of economics have been derived from the study of basic economic theories, such as information economics, environmental economics (non-market methods are an important extension), and so on.

    From another point of view: finance originated from economics, but now it is relatively independent from economics and has a more systematic research method

    At the same time, modern finance is still stuck in the neoclassical analytical framework of modern economics. It is characterized by starting from the rational behavior of micro agents (behavioral finance also considers irrational behavior, such as anchoring effect), constructing a market equilibrium system considering time and uncertainties, and examining the mechanism and role of the financial system in the intertemporal allocation of resources.

    Finance has pioneered a unique research method in economics, for example, the arbitrage-free analysis commonly used in the pricing of financial assets, which is actually more specific than the supply and demand analysis in economics, and is easier to implement in the market

  2. Anonymous users2024-02-05

    Economics is a major category of science, including finance, international science, finance, taxation, statistics, various professional economic fields, and other related disciplines Economics is a science that studies various economic activities and various corresponding economic relations and the laws of operation and development of human society at all stages of development. Economic activities are activities in which people carry out production, exchange, distribution, consumption and closely related activities under the premise of certain economic relations. Economic relations are the mutual relations formed by people in economic activities, and among the various economic relations, the dominant one is the production relationship.

    Economics is a general term for various disciplines that study theoretical, applied, historical, and related methods of various economic activities and economic relations of human beings. Economics can also be referred to as economic science

    It is in your best interest to study economics first and then finance!! Because a lot of the knowledge of finance is the best in economics, you choose finance, you have to work hard

  3. Anonymous users2024-02-04

    Summary. The subjects of the studies were different. Finance is an applied economics major, and economics is a theoretical economics major.

    Of these two disciplines, the former is more practical, and the latter is more theoretical. Finance is a branch of economics, and conceptually, it is the difference between a set and a subset.

    What is the difference between finance and economics, and what is the direction of employment?

    The subjects of the studies were different. Finance is an applied economics major, and economics is a theoretical economics major. Of these two disciplines, the former is more practical, and the latter is more theoretical. Finance is a branch of economics, and conceptually, it is the difference between a set and a subset.

    1. What is the relationship between finance and economics? Economics is a large subject, and it will be divided into economics, public finance, finance, international economics and other majors. Therefore, finance is a specialized discipline derived from economics.

    Usually we divide economics into two first-level disciplines: theoretical economics and applied economics, and finance is often divided under applied economics, which is a second-level discipline, with economics being more theoretical and finance being more practical. In fact, whether it is economics or finance, you will get an economics degree after graduation. Economics is about some general economic operating principles, which are far from practical application.

    It is a basic discipline, which is equivalent to the existence of quality education, and its main role is to enrich our knowledge reserves, broaden our horizons, and increase general knowledge cultivation and understanding of things. Compared to economics, finance is more practical and practical. To put it simply, finance is more like skills education, which embodies more direct functions, appears faster, and can better meet and meet the needs of society.

    However, finance is always more in demand than economics, and economics may be more suitable if you are more inclined to do economic research.

    2. What is the career direction of finance and economics? Generally, finance graduates will be concentrated in banks, **, insurance, trusts, investment departments of large companies, one bank and three associations, namely the People's Bank of China, the China Securities Regulatory Commission, the Insurance Regulatory Commission, the Banking Regulatory Commission, etc. Economics graduates also focus on these destinations, but the breadth of employment will be broader than that of finance.

    Generally, there are more civil servants who choose to go to teaching and research units such as universities and research institutes, as well as various ministries and commissions. If you want to choose an academic, civil service, scientific research institution, etc., you can choose economics. However, one thing to note is that economics and finance majors generally look at the school brand when they are employed, and banks (the four major state-owned banks, foreign banks, head offices, etc.) generally require a master's degree or above, and investment banks and ** companies generally have requirements for schools.

    In general, economics is slightly stronger than finance in terms of academic research; From an employment perspective, finance is slightly stronger than economics. In fact, there is no essential difference between the two majors.

  4. Anonymous users2024-02-03

    Economics and finance are both studies of economic phenomena, but the Economic Society is a more comprehensive study of economic phenomena existing in society, while finance only studies economic phenomena in the field of finance. Therefore, the biggest difference between economics and finance is the difference in the object of study.

    The direction of the research is a bit different:

    Economics is biased towards theoretical research, while finance is biased towards practical application.

    Employment Differences:

    The main thing you need in finance is your experience and not more theoretical knowledge. The economics class has more room for research and study, and there is a wider range of employment after graduating from graduate school. Therefore, economics majors are relatively easy to examine; And if you want to work directly, you may want to consider finance.

    Difference in work intensity:

    Graduates majoring in economics and economics work in research institutes, and the work is generally very easy and less restrictive, while graduates majoring in finance make a lot of money but are very tired.

    Of course, finance is always more in demand than economics, but if you want to do economic research, the economic society is more suitable.

    In a broader sense, finance belongs to the field of economic research, and finance is the study of economic activities in the financial currency circulation market (such as bonds, insurance, banks, venture capital, etc.).The general economics majors seen in universities are mainly biased towards academic research, and their research scope is very wide and the topics are very large, so they are generally not aimed at specific practical economic disciplines. However, many new branches of economics have been derived from the study of basic economic theories, such as information economics and environmental economics.

  5. Anonymous users2024-02-02

    Many people are more interested in the two majors of economics and finance, and want to know which is better, economics or finance, and what are the differences between the two majors? Let me introduce you to it!

    Difference Between Economics and Finance:

    1.Economics mainly studies economic relations and resource allocation, while finance studies capital flow, circulation and monetary credit.

    2.Broadly speaking, economics is relatively macro, it includes finance, international science, finance, taxation, insurance, accounting, statistics, and other related sciences, which are miscellaneous but not precise, and relatively general;

    Finance is more microscopic, specifically refers to the financing and operation of monetary funds, including the issuance and withdrawal of currency, the absorption and payment of deposits, the issuance and payment of loans, the purchase and sale of gold and silver and foreign exchange, the issuance and transfer of bonds, insurance, trust, domestic and international currency settlement, etc., including physical lending.

    3.Whether it is personal investment or corporate finance, finance is much more used than economics, especially in the use and appreciation of short-term capital and wealth, and the role of finance is more powerful.

    1. It is necessary to learn the foundation of economics, that is, the foundation of macro and micro economics, the foundation of finance and other subjects. Of course, the professional direction will be different, and the Economic Society is biased towards academic research, and the scope is indeed wider; Finance, on the other hand, is relatively specialized, with major courses such as portfolio theory, international finance, and financial institution management. The specific content of the study subjects will vary from university to institution in China, but it is generally the same.

    2. Considering the future plans such as employment, in China, it is more difficult for finance and economics undergraduates to go to securities companies and first-class research institutions, unless they are undergraduates. This is especially true of finance, and it is best to go to graduate school if you choose finance and want to do investment research. There are relatively wide choices for economic employment, but it is still difficult to do investment research.

    3. If you like finance, it is recommended to choose finance directly, and you don't need to take some courses that may be very strange in economics.

    The employment destinations of economics graduates are widely distributed, and most of them are managers. Mainly engaged in economic analysis and other work in comprehensive economic management departments, policy research departments, financial institutions, etc., and can also be engaged in marketing enterprise production management, Biyu financial management, etc., economics has the reputation of "manager incubator". Of course, it is also a good choice to be able to enter a university to engage in teaching.

    In addition to the traditional banking, insurance, and insurance industries, financial professionals can also choose finance, auditing, evaluation, corporate financing, guarantee, trust and other sub-industries.

  6. Anonymous users2024-02-01

    1. Different research fields.

    Economics is a social science that studies human behavior and how to rationally allocate limited or scarce resources. Finance is the discipline that studies how companies, individuals, **, and other institutions recruit and invest money.

    2. The content is different.

    The major of finance is a discipline that is differentiated from economics by taking the economic activities of financing money and monetary funds as the research object, and specifically studying individuals, institutions, and how to obtain, spend and manage funds and other financial assets.

    3. Economics and finance have different employment directions.

    Industries that can be engaged in economics are accounting, finance, investment, marketing, marketing, banking, finance, teachers, etc. Finance can be done in commercial banks, including the four major banks of China Industry and Commerce, Construction, Agricultural Bank of China, and joint-stock commercial banks such as China Merchants Bank, city commercial banks, and domestic branches of foreign banks, ** companies, including ** management companies; Shanghai Stock Exchange, Shenzhen Stock Exchange, Futures Exchange, etc.

    The above content refers to: Encyclopedia - Finance.

    The above content reference: Encyclopedia - Economics.

  7. Anonymous users2024-01-31

    Many candidates and parents will be stupid and unclear when they see finance and economics, and some even think that the two majors are similar. Below I have sorted out the differences and connections between these two majors for your reference!

    First of all, finance is only a discipline under economics, and theoretically speaking, the scope of economics is much larger than that of finance. In terms of learning, economics focuses on theory and is good at speculation; Finance, on the other hand, is applied and practice-oriented.

    To put it simply, finance is a branch of economics, but it cannot simply define the relationship between the two. Finance and economics have completely different focuses. It can be said that economics is more macro, while finance is more specific.

    Finance is the study of the financing and operation of funds, and it is the study of the financial aspects of a country's economic field. Economics, on the other hand, is the study of economic relations and resource allocation, and contains a lot of knowledge.

    We can find that in any underdeveloped country, the financial industry will be very weak; In highly developed capitalist countries, the financial sector will be highly developed. In other words, the economy is a prerequisite for the emergence of finance, and conversely, finance is the deep development and extension of the economy.

    Comparatively speaking, the Golden Sox Lingpei major may be better than the economics major to find a job, because the direction of economics is to engage in research, which requires a thorough analysis of the economic situation and a good understanding of the domestic and international economic situation, but for female students, it is very boring to do research all the time, and even male students are willing to stick to it.

    As for finance, you can choose to work in a bank, which is undoubtedly a job with good pay and relatively stability. The only downside is that banks are not easy to get into. But fortunately, the employment scope of finance is still very wide, and you can also choose to work in ** companies and other places.

    After graduation, I made a lot of money and the salary was better, but I was just tired.

    In addition, because there are many similarities between economics and finance, graduates of economics can also choose to work in finance-related jobs, and conversely, students who graduate in finance can also choose to work in economics-related jobs.

    In general, economics and finance are two majors that look very glamorous, but they require more than ordinary efforts in order to have good development prospects.

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