economics
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economics
The academic discipline that deals with macroeconomic relationships, such as inflation, unemployment, and economic growth. It is also known as VWL.
Sie studiert Volkswirtschaftslehre im vierten Semester.
She is studying economics in her fourth semester.
This long word is easy to understand if you break it down into its three parts: 'Volk' (nation, people), 'Wirtschaft' (economy), and 'Lehre' (science, doctrine, teaching). So it is literally the 'study of the economy of the people.' The 's' in the middle connects the word parts.
Die Grundlagen der Volkswirtschaftslehre sind für viele Studiengänge wichtig.
The fundamentals of economics are important for many degree programs.
In everyday language, especially at universities and in the news, the abbreviation 'VWL' is almost always used. It is very useful to know this abbreviation.
Er hat einen Masterabschluss in VWL.
He has a master's degree in economics.
As a subject of study, this word is often combined with certain verbs. Typical examples are: 'Volkswirtschaftslehre studieren' (to study economics), 'sich für Volkswirtschaftslehre einschreiben' (to enroll in economics), or 'eine Vorlesung in Volkswirtschaftslehre besuchen' (to attend a lecture in economics).
Meine Schwester interessiert sich sehr für Volkswirtschaftslehre.
My sister is very interested in economics.
economy / economics
Both words can refer to the academic study of economic relationships. “Die Volkswirtschaftslehre,” however, is the specific term for economy-wide topics such as inflation or growth, while “Ökonomie” is more general and context-dependent. “Volkswirtschaftslehre” is the more precise choice for this field of study.
In der Volkswirtschaftslehre untersucht die Studentin, warum die Inflation steigt.
In economics, the student examines why inflation is rising.
In der Ökonomie werden verschiedene wirtschaftliche Zusammenhänge untersucht.
Economics examines various economic relationships.
