Financial economics

Main article: Financial economics
Financial economics is the branch of economics studying the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. Financial economics concentrates on influences of real economic variables on financial ones, in contrast to pure finance.
It studies:
Valuation - Determination of the fair value of an asset
How risky is the asset? (identification of the asset appropriate discount rate)
What cash flows will it produce? (discounting of relevant cash flows)
How does the market price compare to similar assets? (relative valuation)
Are the cash flows dependent on some other asset or event? (derivatives, contingent claim valuation)
Financial markets and instruments
Commodities - topics
Stocks - topics
Bonds - topics
Money market instruments- topics
Derivatives - topics
Financial institutions and regulation
Financial Econometrics is the branch of Financial Economics that uses econometric techniques to parameterise the relationships.