The major of general economics seen in universities mainly focuses on academic research and covers a wide range, so it is generally not aimed at specific and practical economic disciplines. However, many new branches of economics have been derived from the basic theoretical research of economics, such as information economics, environmental economics (non-market analysis method is a very important extension) and so on.
Secondly, from another perspective, finance originated from economics, but now it has been relatively independent from economics and has a relatively systematic research method.
At the same time, modern finance still stays within the framework of neoclassical analysis of modern economics, which is characterized by starting with the rational behavior of micro-subjects (irrational behavior, such as anchoring effect, is also taken into account in behavioral finance examination), constructing a market equilibrium system considering time and uncertain factors, and investigating the mechanism and role of the financial system in the intertemporal allocation of resources.
Finance has created a unique research method in economics, such as no-arbitrage analysis commonly used in financial asset pricing, which is actually more specific than supply and demand analysis in economics and easier to realize in the market.
Third, finance originated from economics, but now it has become an independent discipline with its own research methods. Modern finance, like economics, starts from the rational behavior of micro-subjects (behavioral finance considers irrational behavior)
Construct a market equilibrium system considering time and uncertain factors, and investigate the mechanism and role of financial system in the intertemporal allocation of resources. However, finance is different from economics.
For example, the non-arbitrage analysis commonly used in financial asset pricing is actually more general and easier to realize in the market than the supply and demand pricing analysis in economics.
Another difference between finance and economics is that the former considers random factors in the market, so the expectations of market participants play an important role in it. The concept of economy is much broader than that of finance. Finance is a small branch of the economy, but each has its own emphasis.
Extended data:
Finance course
Master of finance: generally two years, set up under the school's business school or management school. Its main courses focus on the financial field and train financial professionals. Among the top 50 schools in the United States, only about 10 offers MSF.
Financial direction under MBA: MBA in American universities is usually divided into different directions, and finance is one of its main directions. Its curriculum mainly focuses on finance, but it also involves other business fields and management fields. Pay more attention to the applicant's work experience.
Financial engineering: it is the most professional category among American masters of finance, and it is a discipline formed by the intersection of finance, mathematics and engineering. Usually, there are certain requirements for the students' professional background, but it has also become one of the best choices for many other students (such as mathematics and computer). ) I want to transfer to finance.
Other masters in finance: in addition to the above three, American universities also have financial analysis, international finance, applied finance, financial management and so on. The courses of these majors are mainly about finance, but they all have different emphases.
Economics course
Basic Economics, Intermediate Microeconomics, Intermediate Macroeconomics, Political Economics, Finance, Monetary Banking, International Economics, Financial Economics, Econometrics, Corporate Finance, Economic History, History of Economic Thought, Contemporary China Economy, Labor Economics, Industrial Economics, Network Economics, Accounting, Statistics, International Trade, International Finance, Corporate Finance, Marketing, Enterprise Economics, Accounting Statistics and Accounting.
References:
Finance major _ Baidu Encyclopedia Economics major _ Baidu Encyclopedia