Finance and Economics are related, but not identical disciplines. Economics studies local or global markets, human behaviour, goods and services, etc. Finance focuses on financial systems and everything related: banks, loans, investments, savings, etc.
Is it better to major in economics or finance?
Students who prefer empirical research and statistical analysis are likely better suited for economics. Students who prefer applying theories hands-on, working with people, and leading teams might enjoy finance more. Of course, both require strong math, analytical, and decision-making skills.
Which is harder economics or finance?
That being said, finance is a narrower subject than economics and it takes years to learn the various areas of economics, not that the typical grad student covers them all. Ph. D.'s in finance get out quicker-a 5 year median versus 7 years.