Economics and finance are both business degrees. The difference is 5 or 6 classes taken at the end of college.
Here is a brief comparison…
|Management||Profession economists are hired as consultants by private and public sector.||Finance is managed by individuals in families or by banks or other institutions.|
|Related Courses||Philosophy of Economics, Laws and Economics, Political Economics.||Accountancy, Chartered Financial Analyst and other|
|Definition||Economics is a social science that studies the management of goods and services, including the production and consumption and the factors affecting them.||Finance is the science of managing funds keeping in mind the time, cash at hand and the risk involved.|
|Branches||Branches of economics include macro and micro economics.||Branches of finance include personal finance, corporate finance and public finance.|
Although they are often taught and presented as very separate disciplines, economics and finance are interrelated and inform and influence each other. Investors care about these studies because they also influence the markets to a great degree. Here we take a look at finance and economics, what they can teach investors and how they differ.