economics
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economics
The academic discipline that deals with the economy, that is, the production, distribution, and consumption of goods and services. The plural 'Wirtschaftswissenschaften' is often used in German.
Sie studiert Wirtschaftswissenschaft an der Universität Frankfurt.
She is studying economics at the University of Frankfurt.
This long word is made up of three parts: 'die Wirtschaft' (the economy), the linking -s, and 'die Wissenschaft' (science / academic discipline). So it literally means 'the science of the economy.'
Die moderne Wirtschaftswissenschaft nutzt viele mathematische Modelle.
Modern economics uses many mathematical models.
When talking about the subject of study, the plural form 'die Wirtschaftswissenschaften' (economics) is very often used. So people typically say 'Wirtschaftswissenschaften studieren' (to study economics).
Mein Bruder studiert Wirtschaftswissenschaften in Berlin.
My brother is studying economics in Berlin.
In a university setting and among students, the subject is often informally abbreviated as 'WiWi.' This abbreviation is very common.
Bist du auch im WiWi-Kurs am Freitagmorgen?
Are you also in the WiWi course on Friday morning?
economy / economics
Both words can refer to the academic study of economic relationships. “Die Wirtschaftswissenschaft” is the clear and formal term for the academic discipline, while “Ökonomie” can also mean the economic system, depending on the context. “Wirtschaftswissenschaft” is usually the appropriate choice in degree names and technical terms.
Die Wirtschaftswissenschaft untersucht, wie sich Preise, Arbeit und Produktion gegenseitig beeinflussen.
Economics examines how prices, labor, and production influence one another.
Sie studiert Ökonomie und untersucht dabei die wirtschaftlichen Zusammenhänge eines Landes.
She is studying economics and examining the economic relationships within a country.
