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Related Finance Terms

Economics is the broader academic discipline of which finance is a part. Some define economics as the science of decision-making. Economics has two broad perspectives: macroeconomic and microeconomic.

Macroeconomics focuses on economic concepts at the industry, national or international level. Macroeconomics is the realm of GDP, market equilibrium, monetary policy, fiscal policy, etc.

Microeconomics focuses on economic concepts at the personal or company level. Microeconomics is the world of profit maximization, net income, market share, etc.

Nearly any financial topic falls under the heading of economics, but in general, Finance Ocean will economics to refer to issues on political economy.

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