Banking/Finance vs Economics: Which Course Focuses on What?
Contents
Two Related but Different Courses
Banking/Finance and Economics overlap because both involve money, markets and financial decisions. However, their emphasis is different. Economics is primarily concerned with how individuals, businesses and governments make choices about scarce resources and how economic systems operate.
Banking/Finance moves more directly into financial institutions, banking operations, financial management, credit, investment and financial services.
What You Study in Economics
Economics students examine topics such as markets, economic policy, production, consumption, inflation, unemployment and economic development. The course often develops strong analytical and quantitative thinking.
What Banking/Finance Adds
Banking/Finance connects economic knowledge to practical financial activities. A student may study banking institutions, credit, investment, financial management and other financial services alongside economics and related business subjects.
Choosing Between Them
Students who enjoy analysing economic systems and public or market issues may find Economics attractive. Those who are more interested in financial institutions, investment, banking and the management of money may prefer Banking/Finance.
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