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how economics is related with business studies

Economics is a social science that attempts to explain how the actions and decisions of firms, consumers and workers and governments affect the operation of the economy.  It plays a huge role in our daily lives; it has links to international affairs and politics and is a subject that is often debated and discussed.  It requires a fair deal of analysis and includes topics such as supply and demand, growth, inflation, globalisation and exchange rates. 

Business studies is more concerned with the actions and decisions taken by firms and focuses on topics such as marketing, staff in the organisation, accounting and finance, management, strategy and production methods.   Business studies students will also have to cover some Economics, as it affects how businesses operate in their external environments. 

Although Business is not free from theory, it is less theoretical than Economics.  Out of the two subjects Economics is considered to be the more academic by employers and universities.  Business Studies requires less understanding than Economics, but it by no means an easy subject; instead it involves more learning and therefore has more work to cover, and a great deal of new terminology to grapple with. Therefore you might say that Economics course has more depth, with the Business Studies course having more breadth.