What is the difference between Accounting and Economics degrees?

UknowWho: What is the difference between Accounting and Economics degrees?
What is the difference between Accounting and Economics degrees?

– I’m an economics major..but i hear that accounting majors take many of the same classes as I do. I also hear that economics majors can get the same jobs as accounting majors….
is this true? if this is true, that would be great because you always see ads that say “accountants needed”, but not really “economist needed”.

Answers and Views:

Answer by Richard of Fort Bend
For one thing, there are a lot more accounting jobs than economics jobs.

Answer by Jobguy
My BA is in Economics. There are three type of studied of money.

1) Economics is the big picture.
A) Microeconomics; looks at industries and the total cost and profits like Restaurant, Retails, and specific business.
B) Macroeconomics looks at the all the total profits for all business in one city, country, or the whole world.

2) Accounting is an offshoot of Economics, it look at a small picture. It looks at individual cost account like trucks, rent, and taxes.
3) Finance look at the middle picture. The financer looks at the all expenses, all purchase, and all profits.

My advise to you is to get a degree in Finance. If you want to be an Economist you need a PhD. Accounting is great too. Economic was a great major, but really did not take me so far. Accounting and Finance are a lot harder then Economic, but you will make more and get better job.

Answer by AngelaTC
I agree with job guy.

Even if you can schmmoze enough to get a job as a Chief Economist somewhere, you’re almost always going to be stuck working for somebody else (unless you can publish.)

In Accounting of Finance, you have a lot more career options.