On the other hand, 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 in the framework of neoclassical analysis of modern economics. Its characteristic is to start with the rational behavior of micro-subjects (behavioral finance also considers irrational behavior, such as anchoring effect) and build a market equilibrium system considering time and uncertain factors. Explore the mechanism and function of financial system in intertemporal resource allocation. Finance has created a unique research method in economics, such as arbitrage-free analysis, which is commonly used in the pricing of financial assets. This method is actually more specific than supply and demand analysis in economics and easier to realize in the market. In addition, it is very important that the concept of expectation of neoclassical economics development has been well applied in finance. Finance considers the random factors in the market, so the expectations of market participants play an important role in it and depend on numbers.
From a procedural point of view:
1, foreign universities have various master's programs related to finance, but they are all applied and the courses are not consistent. Most of these projects are in business schools and tend to be empirical analysis. The economics department rarely offers similar projects, although there are some. Some master's programs train professionals who can carry out technical analysis, so they require higher mathematics application ability. Such as data processing, statistical analysis, more advanced software and so on. The specific content depends on the introduction of specific projects offered by specific schools and their curriculum structure.
2. Doctoral program. Business schools of some foreign universities will train doctors in finance. But most economics departments can train doctors in finance, although the name may be doctor in economics. Financial economics, financial metrology, these project courses are both mathematical and physical, and macro finance, such as international finance, is often classified as macroeconomic research.
Finally, corporate finance, which means a little overlapping, may also be called corporate finance. Many things involving finance and management.
I can't say it clearly here because my personal understanding is limited. You can refer to three articles by Professor Qian Yingyi. Besides, every school curriculum is biased. Please read it carefully before applying. Although they are all called finance, their contents can vary widely.
Economics major
Main subject: Economics.
Main courses: political economy, capital, western economics, accounting, statistics, econometrics, international economics, monetary banking, finance, history of economic theory, development economics, enterprise management, marketing, international finance, international trade, etc.
Career orientation: a professional who can engage in economic analysis, forecasting, planning and economic management in comprehensive economic management departments, policy research departments, financial institutions and enterprises.
Finance major
Training objectives: This major trains professionals who have theoretical knowledge and business skills in finance and can engage in related work in economic management departments and enterprises such as banking, securities, investment and insurance.
Training requirements: Students in this major mainly study basic theories and knowledge such as monetary banking, international finance, securities, investment and insurance. I have received basic training in related businesses and have the basic ability of practical work in the financial field.
Graduates should have the following knowledge and abilities:
1. Master the basic theory and knowledge of finance;
2. Have the basic ability to handle banking, securities, investment and insurance;
3. Familiar with national financial policies, policies and regulations;
4. Understand the theoretical frontier and development trend of this discipline;
5. Master the basic methods of literature retrieval and information query, and have certain scientific research and practical work ability.
Main course:
Main subject: Economics.
Main courses: political economy, western economics, finance, international economics, monetary banking, international financial management, securities investment, insurance, commercial bank management, central banking, investment banking theory and practice, etc.
Finance originated from economics, but now it has become an independent discipline with its own research methods. Modern finance, like economics, starts with the rational behavior of micro-subjects (behavioral finance considers irrational behavior), constructs a market equilibrium system considering time and uncertain factors, and investigates the mechanism and role of the financial system in the intertemporal allocation of resources. But finance is different from economics. For example, the non-arbitrage analysis commonly used in financial asset pricing is actually more general than the supply-demand pricing analysis in economics and easier to realize in the market. 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.