Understanding Finance vs. Economics
了解金融学与经济学
1205字
2019-07-11 21:17
75阅读
火星译课图片

Finance vs. Economics: An Overview 

金融学与经济学: 概况

Although they are often taught and presented as separate disciplines, economics and finance are interrelated and inform and influence each other. Investors care about these studies because they also influence the markets to a great degree. It's important for investors to avoid "either/or" arguments regarding economics and finance; both are important and have valid applications.

尽管金融学与经济学通常作为两门单独的学科来教授和展现,但是,它们是相互关联、相互促进且相互影响的。投资者们关心这方面的研究是因为它们也在很大程度上影响着市场。避免关于经济学和金融学的“非此即彼”的争论对于投资者来说至关重要,因为经济学与金融学同样重要并且都是非常有效的投资决策工具。

In general, the focus of economics is a more big picture in nature, such as how a country, region, or market is performing. Economics also focuses on public policy, while the focus of finance is more company- or industry-specific. Finance also focuses on how companies and investors evaluate risk and return. Historically, economics has been more theoretical and finance more practical, but in the last 20 years, the distinction has become much less pronounced.

总的来讲,经济学的关注点在本质上更具有“全局性”,诸如一个国家,行政区或市场是如何运作的。经济学也关注公共政策,而金融学的关注点比较具有针对性,更加关注公司或产业等。金融学也关注公司或投资者如何评估风险和回报。从历史上看,经济学偏向理论性,而金融学偏向实用性,但在最近的20年,这种区别变得不那么明显了。

In fact, the two disciplines seem to be converging in some respects. Both economists and finance professionals are being employed in governments, corporations and financial markets. At some fundamental level, there will always be a separation, but both are likely to remain very important to the economy, investors and the markets for years to come.

事实上,这两门学科似乎在某些方面趋同。经济学家和金融专业人士均可在政府、公司和金融市场就职。

在一些基本层面上, 两门学科总会有所区分, 但在未来数年内,两者对经济、投资者以及市场依然可能十分重要。

Finance 

金融学

Finance in many respects is an offshoot of economics. Finance describes the management, creation and study of money, banking, credit, investments, assets and liabilities that make up financial systems, as well as the study of those financial instruments. Finance can be divided into three categories: public finance, corporate finance and personal finance.

金融学在诸多方面是经济学的分支。金融学对构成金融体系的货币、银行、信贷、投资、资产和负债的管理、创建和研究进行描述,而且对各种金融工具的研究进行描述。金融学可以分为三类:公共金融,公司金融和个人金融。

Finance typically focuses on the study of prices, interest rates, money flows and the financial markets. Thinking more broadly, finance tends to center around topics that include the time value of money, rates of return, cost of capital, optimal financial structures and the quantification of risk.

金融学通常侧重于对价格、利率、货币流通和金融市场的研究。从更广泛的角度来思考,金融学往往围绕主题进行研究,主题包括货币的时间价值、回报率、资本成本、金融结构优化以及风险量化。

Finance, as in the case of corporate finance, involves managing assets, liabilities, revenues and debt for a business. Businesses obtain financing through a variety of means, ranging from equity investments to credit arrangements. A firm might take out a loan from a bank or arrange for a line of credit—acquiring and managing debt properly can help a company expand and ultimately become more profitable.

金融,如公司金融,涉及对企业的资产、负债、收入和债务进行管理。企业通过各种渠道获得融资,包括权益性投资和信贷安排。公司可以从银行获得贷款或者安排授信额度--妥善地借债和管理债务可以帮助公司扩张并最终实现更高的盈利能力。

Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning.

个人金融是指个人或家庭所进行的一切金融决策和金融活动,包括预算、保险、抵押贷款计划、储蓄和退休计划。

2 +1
举报
0 条评论
评论不能为空