It's slightly different.
From a physical point of view we are interested in quantities like:
Radiant Energy

(J=Ws)
Radiant energy density

Radiant
flux (or just electric flux).
etc.
These are called Radiometric quantities. It's what you learn in EM-class.
From a optical point of view, we are more interested in that portion of the EM-spectrum which is visible light (optical spectrum). This is photometry.
Radiometry involves purely physical measurements, while photometry takes into account the response of the human eye to radiant energy at various wavelenghts. So it involves pseudo-physical measurements.
The distinction rests on the fact that the human eye, as a detector, does not have a "flat" spectral response. It does not respond with equal sensitivity to all wavelenghts.
If three sources of light with equal radiant power but radiation blue,yellow and red light are observed visually, the yellow source will seem much brighter than the others.
That is what photometric quantities are for. To measure properties of visible radiation as they appear to the normal eye, rather than as they appear on a "unbiased" detector.
A few photometric quantities are:
Luminous Energy (photometric counterpart of Radiant energy)
Luminous energy density (photometric counterpart of Radiant energy density)
Luminous flux (photometric counterpart of Radiant flux)
etc.
Since not all human eyes are the same, a standard response has been determined by the International Commision of Illumination (CIE).
The function that relates the relative response or sensation of brightness for the eye versus the wavelenght is called the CIE luminous efficiency curve.
I don't have a scanned picture of it, but it appears kinda gaussian with the peak on the yellow color.
There's a efficiency curve for daylight vision and one for night vision.
Radiometric quantities are related to photometric quantities through this curve.
The relation is simple:
photometric unit =

radiometric unit
where

is the luminous efficacy.
If

is the luminous efficiency, then
phew...