Economics

If you are an aspiring student or are simply curious about the differences between finance and economics, this article will aid you in meeting your curiosity. In simple terms, economics and finance are just two sides of one coin. If you want to succeed in finance, you need to know economics well. Economics is more about finding the equilibrium point of demand & supply, understanding average cost and marginal cost, finding differences between fixed cost & variable cost and many such theoretical concepts; finance, on the other hand is the right extension of these concepts. Thus, it is often being seen that people who have made their mark in finance have often had economics background. More succinctly, economics create the foundation on which finance builds the house. So, if you want to be finance professional, you need to know economics well to understand the complexity and vastness of finance.