Question

what is financial economy? how it is useful in day to day life ​

Answer 1

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.

Answer 2

Answer:

Financial economics is a branch of economics which concerns trade in which some type of money appears on both sides of the transaction, as opposed to situations in which money is traded for a good or service.

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.