Economics vs Finance major

Economics and finance are both fields that deal with the study of money and financial markets. However, they are distinct fields with different focuses and applications.

Economics is the study of how societies, governments, businesses, households, and individuals make decisions about the allocation of resources and how these decisions affect production, distribution, and consumption of goods and services.

It deals with the analysis of economic systems and the factors that determine the production, distribution, and consumption of goods and services.

Economics is a broad field that encompasses various subfields such as microeconomics, macroeconomics, international economics, and behavioral economics.

Finance, on the other hand, is the study of the management of money and financial assets. It is concerned with the identification, acquisition, and allocation of financial resources to achieve financial goals.

Finance includes the management of personal, corporate, and public finance. It also includes the study of financial instruments, financial markets, and financial institutions.

In summary, economics is a broader field that deals with the study of the production, distribution, and consumption of goods and services, while finance is more focused on the management of money and financial assets. Both fields are important and have practical applications in business, government, and personal financial planning.