{"id":10826,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-econ-lm2\/"},"modified":"2026-09-22T07:44:33","modified_gmt":"2026-09-21T22:44:33","slug":"cfa-l2-econ-lm2","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-econ-lm2\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L2 Economics LM2\u3011Economic Growth \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u6f5c\u5728GDP\u30fb\u6210\u9577\u4f1a\u8a08\u30fb\u5168\u8981\u7d20\u751f\u7523\u6027\u30fb\u6210\u9577\u7406\u8ad6\u30fb\u53ce\u675f\u4eee\u8aac"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 2\u300cEconomic Growth\uff08\u7d4c\u6e08\u6210\u9577\uff09\u300d\u306f\u3001\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306e\u6210\u9577\u8981\u56e0\u3001\u6f5c\u5728 GDP \u3068\u682a\u5f0f\u30fb\u50b5\u5238\u6295\u8cc7\u306e\u95a2\u4fc2\u3001\u6210\u9577\u4f1a\u8a08\u306b\u3088\u308b\u6f5c\u5728\u6210\u9577\u7387\u306e\u4e88\u6e2c\u3001\u52b4\u50cd\u30fb\u8cc7\u672c\u30fb\u6280\u8853\u30fb\u5929\u7136\u8cc7\u6e90\u306e\u5f79\u5272\u3001\u53e4\u5178\u6d3e\u30fb\u65b0\u53e4\u5178\u6d3e\u30fb\u5185\u751f\u7684\u6210\u9577\u7406\u8ad6\u306e\u6bd4\u8f03\u3001\u53ce\u675f\u4eee\u8aac\u3001\u8cbf\u6613\u81ea\u7531\u5316\u306e\u5f71\u97ff\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM2\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM2\u306b\u306f12\u500b\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306e\u7d4c\u6e08\u6210\u9577\u3092\u4fc3\u9032\u3059\u308b\u8981\u56e0\u3068\u5236\u7d04\u3059\u308b\u8981\u56e0\u3092\u6bd4\u8f03\u3059\u308b<\/span><span class=\"en\">compare factors favoring and limiting economic growth in developed and developing economies<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u682a\u5f0f\u5e02\u5834\u306e\u9577\u671f\u7684\u306a\u4e0a\u6607\u7387\u3068\u7d4c\u6e08\u306e\u6301\u7d9a\u53ef\u80fd\u306a\u6210\u9577\u7387\u3068\u306e\u95a2\u4fc2\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the relation between the long-run rate of stock market appreciation and the sustainable growth rate of the economy<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u6f5c\u5728 GDP \u3068\u305d\u306e\u6210\u9577\u7387\u304c\u682a\u5f0f\u30fb\u50b5\u5238\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u304b\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">explain why potential GDP and its growth rate matter for equity and fixed income investors<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u8cc7\u672c\u6df1\u5316\u306e\u305f\u3081\u306e\u6295\u8cc7\u3068\u6280\u8853\u9032\u6b69\u3092\u5bfe\u6bd4\u3057\u3001\u305d\u308c\u305e\u308c\u304c\u7d4c\u6e08\u6210\u9577\u3068\u52b4\u50cd\u751f\u7523\u6027\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">contrast capital deepening investment and technological progress and explain how each affects economic growth and labor productivity<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u6210\u9577\u4f1a\u8a08\u306e\u95a2\u4fc2\u5f0f\u306b\u57fa\u3065\u3044\u3066\u6f5c\u5728 GDP \u3092\u4e88\u6e2c\u3059\u308b<\/span><span class=\"en\">demonstrate forecasting potential GDP based on growth accounting relations<\/span><\/li>\n<li><span class=\"ja\">LOS 6\uff1a\u5929\u7136\u8cc7\u6e90\u304c\u7d4c\u6e08\u6210\u9577\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3057\u3001\u5929\u7136\u8cc7\u6e90\u306e\u5236\u7d04\u304c\u7d4c\u6e08\u6210\u9577\u3092\u5236\u7d04\u3059\u308b\u3068\u3044\u3046\u8b70\u8ad6\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">explain how natural resources affect economic growth and evaluate the argument that limited availability of natural resources constrains economic growth<\/span><\/li>\n<li><span class=\"ja\">LOS 7\uff1a\u4eba\u53e3\u52d5\u614b\u3001\u79fb\u6c11\u3001\u52b4\u50cd\u53c2\u52a0\u7387\u304c\u7d4c\u6e08\u6210\u9577\u306e\u901f\u5ea6\u3068\u6301\u7d9a\u6027\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">explain how demographics, immigration, and labor force participation affect the rate and sustainability of economic growth<\/span><\/li>\n<li><span class=\"ja\">LOS 8\uff1a\u7269\u7684\u8cc7\u672c\u30fb\u4eba\u7684\u8cc7\u672c\u3078\u306e\u6295\u8cc7\u3068\u6280\u8853\u958b\u767a\u304c\u7d4c\u6e08\u6210\u9577\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">explain how investment in physical capital, human capital, and technological development affects economic growth<\/span><\/li>\n<li><span class=\"ja\">LOS 9\uff1a\u53e4\u5178\u6d3e\u6210\u9577\u7406\u8ad6\u3001\u65b0\u53e4\u5178\u6d3e\u6210\u9577\u7406\u8ad6\u3001\u5185\u751f\u7684\u6210\u9577\u7406\u8ad6\u3092\u6bd4\u8f03\u3059\u308b<\/span><span class=\"en\">compare classical growth theory, neoclassical growth theory, and endogenous growth theory<\/span><\/li>\n<li><span class=\"ja\">LOS 10\uff1a\u53ce\u675f\u4eee\u8aac\u3092\u8aac\u660e\u30fb\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">explain and evaluate convergence hypotheses<\/span><\/li>\n<li><span class=\"ja\">LOS 11\uff1a\u653f\u5e9c\u304c\u6280\u8853\u3084\u77e5\u8b58\u3078\u306e\u6c11\u9593\u6295\u8cc7\u306b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u4e0e\u3048\u308b\u7d4c\u6e08\u7684\u6839\u62e0\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the economic rationale for governments to provide incentives to private investment in technology and knowledge<\/span><\/li>\n<li><span class=\"ja\">LOS 12\uff1a\u8cbf\u6613\u969c\u58c1\u306e\u64a4\u5ec3\u304c\u3001\u95a2\u4fc2\u3059\u308b\u7d4c\u6e08\u306e\u8cc7\u672c\u6295\u8cc7\u3068\u5229\u6f64\u3001\u96c7\u7528\u3068\u8cc3\u91d1\u3001\u6210\u9577\u306b\u4e0e\u3048\u308b\u4e88\u60f3\u3055\u308c\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved<\/span><\/li>\n<\/ol>\n<h2>LM2\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u6301\u7d9a\u53ef\u80fd\u306a\u7d4c\u6e08\u6210\u9577\u7387\u306f\u3001\u7d4c\u6e08\u306e\u751f\u7523\u80fd\u529b\uff08\u6f5c\u5728 GDP\uff09\u306e\u5897\u52a0\u7387\u3067\u6e2c\u3089\u308c\u308b\u30021\u4eba\u5f53\u305f\u308a\u5b9f\u8cea GDP \u306f\u751f\u6d3b\u6c34\u6e96\u3092\u793a\u3059<\/li>\n<li>\u9577\u671f\u7684\u306b\u306f\u4f01\u696d\u5229\u76ca\u306e\u6210\u9577\u7387\u306f\u6f5c\u5728 GDP \u306e\u6210\u9577\u7387\u3092\u4e0a\u56de\u308c\u305a\u3001\u751f\u7523\u6027\u306e\u6052\u4e45\u7684\u306a\u4e0a\u6607\u306f\u5229\u76ca\u6210\u9577\u3068\u682a\u4fa1\u4e0a\u6607\u306e\u4e0a\u9650\u3092\u5f15\u304d\u4e0a\u3052\u308b<\/li>\n<li>\u50b5\u5238\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001\u5b9f\u969b\u306e GDP \u6210\u9577\u7387\u3068\u6f5c\u5728\u6210\u9577\u7387\u306e\u5dee\u304c\u77ed\u4e2d\u671f\u306e\u30a4\u30f3\u30d5\u30ec\u52d5\u5411\u3092\u793a\u3059\u91cd\u8981\u306a\u6307\u6a19<\/li>\n<li>\u8cc7\u672c\u6df1\u5316\u306f\u8cc7\u672c\u52b4\u50cd\u6bd4\u7387\u306e\u4e0a\u6607\u3067\u751f\u7523\u95a2\u6570\u4e0a\u306e\u79fb\u52d5\u3001\u5168\u8981\u7d20\u751f\u7523\u6027\uff08TFP\uff09\u306e\u4e0a\u6607\u306f\u751f\u7523\u95a2\u6570\u5168\u4f53\u306e\u4e0a\u65b9\u30b7\u30d5\u30c8<\/li>\n<li>\u6f5c\u5728\u6210\u9577\u7387\u306f\u6210\u9577\u4f1a\u8a08\uff08\u8cc7\u672c\u30fb\u52b4\u50cd\u30fbTFP\uff09\u304b\u3001\u52b4\u50cd\u529b\u306e\u4f38\u3073\uff0b\u52b4\u50cd\u751f\u7523\u6027\u306e\u4f38\u3073\u3067\u6e2c\u308b<\/li>\n<li>\u65b0\u53e4\u5178\u6d3e\u30e2\u30c7\u30eb\u3067\u306f\u8cc7\u672c\u306e\u9650\u754c\u53ce\u76ca\u304c\u9013\u6e1b\u3057\u3001\u9577\u671f\u306e\u6210\u9577\u306f\u4eba\u53e3\u6210\u9577\u3068 TFP \u306e\u4f38\u3073\u3067\u6c7a\u307e\u308b<\/li>\n<li>\u5185\u751f\u7684\u6210\u9577\u7406\u8ad6\u306f\u6280\u8853\u9032\u6b69\u3092\u30e2\u30c7\u30eb\u5185\u3067\u8aac\u660e\u3057\u3001\u7814\u7a76\u958b\u767a\u3084\u4eba\u7684\u8cc7\u672c\u306e\u5916\u90e8\u52b9\u679c\u306b\u3088\u308a\u81ea\u5f8b\u7684\u306a\u6210\u9577\u304c\u7d9a\u304d\u5f97\u308b<\/li>\n<li>\u53ce\u675f\u4eee\u8aac\u306f\u65b0\u8208\u56fd\u306e\u6210\u9577\u7387\u304c\u9ad8\u304f1\u4eba\u5f53\u305f\u308a GDP \u306e\u5dee\u304c\u7e2e\u307e\u308b\u3068\u4e88\u6e2c\u3059\u308b\u304c\u3001\u5b9f\u8a3c\u7d50\u679c\u306f\u307e\u3061\u307e\u3061\u3002\u4f4e\u3044\u6295\u8cc7\u30fb\u8caf\u84c4\u3001\u8ca1\u7523\u6a29\u306e\u6b20\u5982\u3001\u653f\u6cbb\u306e\u4e0d\u5b89\u5b9a\u306a\u3069\u304c\u53ce\u675f\u3092\u59a8\u3052\u308b<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306e\u6210\u9577\u306e\u4fc3\u9032\u30fb\u5236\u7d04\u8981\u56e0<\/h3>\n<p>\u56fd\u3054\u3068\u306e\u6210\u9577\u7387\u30841\u4eba\u5f53\u305f\u308a GDP \u306e\u5dee\u306f\u3001<strong>\u8caf\u84c4\u3068\u6295\u8cc7\u3001\u91d1\u878d\u5e02\u5834\u306e\u767a\u9054\u3001\u653f\u6cbb\u306e\u5b89\u5b9a\u30fb\u6cd5\u306e\u652f\u914d\u30fb\u8ca1\u7523\u6a29\u3001\u6559\u80b2\u3068\u5065\u5eb7\u3001\u7a0e\u30fb\u898f\u5236\u653f\u7b56\u3001\u8cbf\u6613\u306e\u958b\u653e\u5ea6<\/strong>\u306a\u3069\u306e\u5236\u5ea6\u7684\u30fb\u7d4c\u6e08\u7684\u8981\u56e0\u3067\u8aac\u660e\u3055\u308c\u307e\u3059\u3002\u65b0\u8208\u56fd\u3067\u306f\u3053\u308c\u3089\u304c\u6210\u9577\u306e\u5236\u7d04\u306b\u306a\u308a\u3084\u3059\u3044\u70b9\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u8caf\u84c4\u30fb\u6295\u8cc7\u7387\u304c\u4f4e\u3044\u3068\u8cc7\u672c\u84c4\u7a4d\u304c\u9032\u307e\u306a\u3044<\/li>\n<li>\u91d1\u878d\u5e02\u5834\u30fb\u91d1\u878d\u4ef2\u4ecb\u306e\u767a\u9054\u306f\u8cc7\u672c\u914d\u5206\u3092\u52b9\u7387\u5316<\/li>\n<li>\u653f\u6cbb\u306e\u4e0d\u5b89\u5b9a\u3001\u8ca1\u7523\u6a29\u306e\u6b20\u5982\u306f\u6295\u8cc7\u3092\u963b\u5bb3<\/li>\n<li>\u6559\u80b2\u30fb\u5065\u5eb7\u306f\u4eba\u7684\u8cc7\u672c\u306e\u8cea\u3092\u5de6\u53f3<\/li>\n<li>\u8cbf\u6613\u3068\u8cc7\u672c\u79fb\u52d5\u306e\u958b\u653e\u306f\u6210\u9577\u3092\u4fc3\u3057\u3084\u3059\u3044<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u682a\u5f0f\u5e02\u5834\u306e\u9577\u671f\u4e0a\u6607\u7387\u3068\u6301\u7d9a\u53ef\u80fd\u306a\u6210\u9577\u7387<\/h3>\n<p>\u9577\u671f\u7684\u306b\u306f\u3001\u4f01\u696d\u5229\u76ca\u306e GDP \u306b\u5bfe\u3059\u308b\u6bd4\u7387\u306f\u4e00\u5b9a\u306e\u7bc4\u56f2\u306b\u53ce\u307e\u308b\u305f\u3081\u3001<strong>\u5229\u76ca\u306e\u6210\u9577\u7387\u306f\u6f5c\u5728 GDP \u306e\u6210\u9577\u7387\u3092\u4e0a\u56de\u308c\u307e\u305b\u3093<\/strong>\u3002\u682a\u4fa1\u6307\u6570\u306e\u9577\u671f\u7684\u306a\u4e0a\u6607\u7387\u3082\u3001\u6f5c\u5728 GDP \u6210\u9577\u7387\u306b\u5236\u7d04\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u682a\u4fa1\u6307\u6570\u306e\u5909\u5316\u3092 GDP\u3001\u5229\u76ca\/GDP \u6bd4\u7387\u3001PER \u306e\u5909\u5316\u306b\u5206\u89e3<\/li>\n<li>\u9577\u671f\u7684\u306b\u306f\u5229\u76ca\/GDP \u6bd4\u7387\u3068 PER \u306e\u5909\u5316\u306f\u30bc\u30ed\u306b\u8fd1\u3065\u304f<\/li>\n<li>\u682a\u5f0f\u5e02\u5834\u306e\u9577\u671f\u4e0a\u6607\u7387 \u2248 \u6f5c\u5728 GDP \u6210\u9577\u7387<\/li>\n<li>\u751f\u7523\u6027\u306e\u6052\u4e45\u7684\u306a\u4e0a\u6607\u306f\u9577\u671f\u306e\u4e0a\u6607\u7387\u3092\u5f15\u304d\u4e0a\u3052\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">%\u0394P = %\u0394GDP + %\u0394(E\/GDP) + %\u0394(P\/E)<\/div>\n<h3>LOS 3\uff1a\u6f5c\u5728 GDP \u304c\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u7406\u7531<\/h3>\n<p>\u682a\u5f0f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u6f5c\u5728 GDP \u306e\u6210\u9577\u7387\u306f<strong>\u9577\u671f\u306e\u5229\u76ca\u6210\u9577\u306e\u4e0a\u9650<\/strong>\u3092\u793a\u3057\u3001\u50b5\u5238\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u5b9f\u969b\u306e GDP \u3068\u6f5c\u5728 GDP \u306e\u5dee\uff08<strong>GDP \u30ae\u30e3\u30c3\u30d7<\/strong>\uff09\u304c\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u306e\u65b9\u5411\u3092\u793a\u3057\u307e\u3059\u3002\u6f5c\u5728\u6210\u9577\u7387\u304c\u9ad8\u3044\u56fd\u306f\u8ca1\u653f\u306e\u6301\u7d9a\u6027\u3084\u4fe1\u7528\u529b\u306e\u9762\u3067\u3082\u6709\u5229\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u5b9f\u969b\u306e\u6210\u9577\u7387 > \u6f5c\u5728\u6210\u9577\u7387 \u2192 \u30a4\u30f3\u30d5\u30ec\u5727\u529b\u3001\u91d1\u5229\u4e0a\u6607<\/li>\n<li>\u5b9f\u969b\u306e\u6210\u9577\u7387 < \u6f5c\u5728\u6210\u9577\u7387 \u2192 \u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306e\u4f4e\u4e0b<\/li>\n<li>\u6f5c\u5728\u6210\u9577\u7387\u304c\u9ad8\u3044\u3068\u5b9f\u8cea\u91d1\u5229\u3082\u9ad8\u304f\u306a\u308a\u3084\u3059\u3044<\/li>\n<li>\u6f5c\u5728\u6210\u9577\u7387\u306f\u653f\u5e9c\u50b5\u52d9\u306e\u8fd4\u6e08\u80fd\u529b\uff08\u4fe1\u7528\u30ea\u30b9\u30af\uff09\u306b\u3082\u5f71\u97ff<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u8cc7\u672c\u6df1\u5316\u3068\u6280\u8853\u9032\u6b69\u306e\u9055\u3044<\/h3>\n<p><strong>\u8cc7\u672c\u6df1\u5316\uff08capital deepening\uff09<\/strong>\u306f\u52b4\u50cd\u80051\u4eba\u5f53\u305f\u308a\u306e\u8cc7\u672c\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u3001\u751f\u7523\u95a2\u6570\u306b\u6cbf\u3063\u305f\u79fb\u52d5\u306b\u3042\u305f\u308a\u3001\u8cc7\u672c\u306e\u9650\u754c\u53ce\u76ca\u9013\u6e1b\u306b\u3088\u308a\u52b9\u679c\u306f\u3057\u3060\u3044\u306b\u5c0f\u3055\u304f\u306a\u308a\u307e\u3059\u3002<strong>\u6280\u8853\u9032\u6b69<\/strong>\u306f\u5168\u8981\u7d20\u751f\u7523\u6027\uff08TFP\uff09\u3092\u9ad8\u3081\u3066\u751f\u7523\u95a2\u6570\u5168\u4f53\u3092\u4e0a\u65b9\u306b\u30b7\u30d5\u30c8\u3055\u305b\u3001\u6301\u7d9a\u7684\u306a\u6210\u9577\u306e\u6e90\u6cc9\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u8cc7\u672c\u6df1\u5316\uff1a\u8cc7\u672c\u306e\u4f38\u3073 > \u52b4\u50cd\u306e\u4f38\u3073\u3067\u8cc7\u672c\u52b4\u50cd\u6bd4\u7387\u304c\u4e0a\u6607<\/li>\n<li>\u8cc7\u672c\u6df1\u5316\u306e\u52b9\u679c\u306f\u4e00\u6642\u7684\uff08\u9650\u754c\u53ce\u76ca\u9013\u6e1b\uff09<\/li>\n<li>\u6280\u8853\u9032\u6b69\uff1a\u540c\u3058\u6295\u5165\u3067\u3088\u308a\u591a\u304f\u30fb\u8cea\u306e\u9ad8\u3044\u751f\u7523<\/li>\n<li>\u52b4\u50cd\u751f\u7523\u6027\u306e\u4f38\u3073 = \u8cc7\u672c\u6df1\u5316\u306e\u5bc4\u4e0e\uff0bTFP \u306e\u4f38\u3073<\/li>\n<li>\u5148\u9032\u56fd\u3067\u306f TFP \u306e\u4f38\u3073\u304c\u9577\u671f\u6210\u9577\u306e\u4e3b\u56e0<\/li>\n<\/ul>\n<h3>LOS 5\uff1a\u6210\u9577\u4f1a\u8a08\u306b\u3088\u308b\u6f5c\u5728 GDP \u306e\u4e88\u6e2c<\/h3>\n<p><strong>\u6210\u9577\u4f1a\u8a08\uff08growth accounting\uff09<\/strong>\u306f\u3001\u6f5c\u5728 GDP \u6210\u9577\u7387\u3092<strong>TFP \u306e\u4f38\u3073\uff0b\u8cc7\u672c\u306e\u5bc4\u4e0e\uff0b\u52b4\u50cd\u306e\u5bc4\u4e0e<\/strong>\u306b\u5206\u89e3\u3057\u307e\u3059\u3002TFP \u306f\u3001\u660e\u793a\u7684\u306a\u6295\u5165\u306e\u5bc4\u4e0e\u3067\u306f\u8aac\u660e\u3067\u304d\u306a\u3044\u6b8b\u5dee\u3068\u3057\u3066\u63a8\u8a08\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30b3\u30d6\uff1d\u30c0\u30b0\u30e9\u30b9\u578b\u751f\u7523\u95a2\u6570 Y = A K^\u03b1 L^(1\u2212\u03b1) \u304c\u524d\u63d0<\/li>\n<li>\u03b1\uff1a\u8cc7\u672c\u5206\u914d\u7387\u30011\u2212\u03b1\uff1a\u52b4\u50cd\u5206\u914d\u7387<\/li>\n<li>TFP \u306f\u6b8b\u5dee\uff08\u30bd\u30ed\u30fc\u6b8b\u5dee\uff09\u3068\u3057\u3066\u63a8\u8a08<\/li>\n<li>\u5225\u306e\u65b9\u6cd5\uff1a\u52b4\u50cd\u529b\u306e\u4f38\u3073\uff0b\u52b4\u50cd\u751f\u7523\u6027\u306e\u4f38\u3073<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u0394Y\/Y = \u0394A\/A + \u03b1(\u0394K\/K) + (1 \u2212 \u03b1)(\u0394L\/L)<\/div>\n<h3>LOS 6\uff1a\u5929\u7136\u8cc7\u6e90\u3068\u7d4c\u6e08\u6210\u9577<\/h3>\n<p>\u5929\u7136\u8cc7\u6e90\u306f\u6210\u9577\u306e\u6295\u5165\u8981\u7d20\u3067\u3059\u304c\u3001\u8cc7\u6e90\u304c\u8c4a\u5bcc\u3067\u3082\u9ad8\u6210\u9577\u3068\u306f\u9650\u308a\u307e\u305b\u3093\u3002<strong>\u300c\u8cc7\u6e90\u306e\u546a\u3044\u300d<\/strong>\u306e\u5178\u578b\u3067\u3042\u308b<strong>\u30aa\u30e9\u30f3\u30c0\u75c5<\/strong>\u3067\u306f\u3001\u8cc7\u6e90\u8f38\u51fa\u306b\u3088\u308b\u901a\u8ca8\u9ad8\u304c\u88fd\u9020\u696d\u306e\u7af6\u4e89\u529b\u3092\u640d\u306a\u3046\u3053\u3068\u304c\u3042\u308a\u3001\u8cc7\u6e90\u306e\u5236\u7d04\u3082\u6280\u8853\u9032\u6b69\u3084\u4ee3\u66ff\u306b\u3088\u3063\u3066\u7de9\u548c\u3055\u308c\u308b\u305f\u3081\u3001\u6210\u9577\u3092\u5fc5\u305a\u5236\u7d04\u3059\u308b\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002<\/p>\n<ul>\n<li>\u518d\u751f\u53ef\u80fd\u8cc7\u6e90\u3068\u518d\u751f\u4e0d\u53ef\u80fd\u8cc7\u6e90<\/li>\n<li>\u8cc7\u6e90\u304c\u4e4f\u3057\u304f\u3066\u3082\u9ad8\u6210\u9577\u3057\u305f\u56fd\u304c\u3042\u308b<\/li>\n<li>\u30aa\u30e9\u30f3\u30c0\u75c5\uff1a\u8cc7\u6e90\u8f38\u51fa \u2192 \u901a\u8ca8\u9ad8 \u2192 \u88fd\u9020\u696d\u306e\u8870\u9000<\/li>\n<li>\u8cc7\u6e90\u4fa1\u683c\u306e\u4e0a\u6607\u306f\u4ee3\u66ff\u6280\u8853\u3084\u52b9\u7387\u5316\u3092\u4fc3\u3059<\/li>\n<\/ul>\n<h3>LOS 7\uff1a\u4eba\u53e3\u52d5\u614b\u30fb\u79fb\u6c11\u30fb\u52b4\u50cd\u53c2\u52a0\u7387\u3068\u6210\u9577<\/h3>\n<p>\u52b4\u50cd\u6295\u5165\u306e\u4f38\u3073\u306f\u3001<strong>\u4eba\u53e3\u306e\u4f38\u3073\u3001\u52b4\u50cd\u53c2\u52a0\u7387\u3001\u7d14\u79fb\u6c11<\/strong>\u3067\u6c7a\u307e\u308a\u3001\u7dcf\u52b4\u50cd\u6642\u9593\uff08\u52b4\u50cd\u529b \u00d7 \u5e73\u5747\u52b4\u50cd\u6642\u9593\uff09\u3067\u6e2c\u308a\u307e\u3059\u3002\u9ad8\u9f62\u5316\u3067\u751f\u7523\u5e74\u9f62\u4eba\u53e3\u304c\u6e1b\u308b\u56fd\u3067\u306f\u6210\u9577\u304c\u6291\u3048\u3089\u308c\u307e\u3059\u304c\u3001\u79fb\u6c11\u306e\u53d7\u3051\u5165\u308c\u3084\u52b4\u50cd\u53c2\u52a0\u7387\u306e\u4e0a\u6607\u304c\u88dc\u3046\u8981\u56e0\u306b\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u4eba\u53e3\u6210\u9577\u306f GDP \u3092\u62bc\u3057\u4e0a\u3052\u308b\u304c1\u4eba\u5f53\u305f\u308a GDP \u306f\u62bc\u3057\u4e0a\u3052\u306a\u3044<\/li>\n<li>\u5e74\u9f62\u69cb\u6210\uff1a\u751f\u7523\u5e74\u9f62\u4eba\u53e3\u306e\u6bd4\u7387\u304c\u91cd\u8981<\/li>\n<li>\u52b4\u50cd\u53c2\u52a0\u7387\uff1a\u5973\u6027\u306e\u53c2\u52a0\u62e1\u5927\u304c\u4e0a\u6607\u8981\u56e0<\/li>\n<li>\u7d14\u79fb\u6c11\uff1a\u52b4\u50cd\u529b\u306e\u4f38\u3073\u3092\u88dc\u3046<\/li>\n<li>\u5e73\u5747\u52b4\u50cd\u6642\u9593\u306f\u591a\u304f\u306e\u56fd\u3067\u9577\u671f\u7684\u306b\u6e1b\u5c11\u50be\u5411<\/li>\n<\/ul>\n<h3>LOS 8\uff1a\u7269\u7684\u8cc7\u672c\u30fb\u4eba\u7684\u8cc7\u672c\u30fb\u6280\u8853\u958b\u767a\u3078\u306e\u6295\u8cc7<\/h3>\n<p><strong>\u7269\u7684\u8cc7\u672c<\/strong>\u3078\u306e\u6295\u8cc7\u306f\u8cc7\u672c\u6df1\u5316\u3092\u901a\u3058\u3066\u6210\u9577\u3092\u9ad8\u3081\u3001\u7279\u306b<strong>ICT \u6295\u8cc7<\/strong>\u306f\u751f\u7523\u6027\u5411\u4e0a\u306e\u52b9\u679c\u304c\u5927\u304d\u3044\u3068\u3055\u308c\u307e\u3059\u3002<strong>\u4eba\u7684\u8cc7\u672c<\/strong>\uff08\u6559\u80b2\u30fb\u8a13\u7df4\u30fb\u5065\u5eb7\uff09\u3078\u306e\u6295\u8cc7\u306f\u52b4\u50cd\u306e\u8cea\u3092\u9ad8\u3081\u3001<strong>\u7814\u7a76\u958b\u767a<\/strong>\u306f\u6280\u8853\u9032\u6b69\u3092\u901a\u3058\u3066 TFP \u3092\u62bc\u3057\u4e0a\u3052\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u975e ICT \u8cc7\u672c\u3068 ICT \u8cc7\u672c\u306e\u533a\u5225<\/li>\n<li>\u8cc7\u672c\u30b9\u30c8\u30c3\u30af\u304c\u5c11\u306a\u3044\u56fd\u307b\u3069\u6295\u8cc7\u306e\u9650\u754c\u52b9\u679c\u304c\u5927\u304d\u3044<\/li>\n<li>\u4eba\u7684\u8cc7\u672c\u306f\u6280\u8853\u9032\u6b69\u3092\u88dc\u5b8c\u3057\u3001\u5916\u90e8\u52b9\u679c\u3092\u3082\u3064<\/li>\n<li>\u516c\u5171\u30a4\u30f3\u30d5\u30e9\u3082\u6c11\u9593\u306e\u751f\u7523\u6027\u3092\u9ad8\u3081\u308b<\/li>\n<li>\u7814\u7a76\u958b\u767a\u6295\u8cc7\u306f\u5148\u9032\u56fd\u306e\u6210\u9577\u306e\u4e3b\u8981\u306a\u6e90\u6cc9<\/li>\n<\/ul>\n<h3>LOS 9\uff1a\u53e4\u5178\u6d3e\u30fb\u65b0\u53e4\u5178\u6d3e\u30fb\u5185\u751f\u7684\u6210\u9577\u7406\u8ad6<\/h3>\n<p><strong>\u53e4\u5178\u6d3e<\/strong>\uff08\u30de\u30eb\u30b5\u30b9\uff09\u306f\u4eba\u53e3\u5897\u52a0\u306b\u3088\u308a1\u4eba\u5f53\u305f\u308a\u6240\u5f97\u306e\u4f38\u3073\u306f\u4e00\u6642\u7684\u3068\u8003\u3048\u307e\u3059\u3002<strong>\u65b0\u53e4\u5178\u6d3e<\/strong>\uff08\u30bd\u30ed\u30fc\uff09\u306f\u8cc7\u672c\u306e\u9650\u754c\u53ce\u76ca\u9013\u6e1b\u306b\u3088\u308a\u9577\u671f\u6210\u9577\u7387\u306f\u5916\u751f\u7684\u306a TFP \u306e\u4f38\u3073\u3068\u52b4\u50cd\u306e\u4f38\u3073\u3067\u6c7a\u307e\u308b\u3068\u8003\u3048\u3001<strong>\u5185\u751f\u7684\u6210\u9577\u7406\u8ad6<\/strong>\u306f\u7814\u7a76\u958b\u767a\u3084\u4eba\u7684\u8cc7\u672c\u306e\u5916\u90e8\u52b9\u679c\u3067\u6280\u8853\u9032\u6b69\u3092\u30e2\u30c7\u30eb\u5185\u3067\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u53e4\u5178\u6d3e\uff1a1\u4eba\u5f53\u305f\u308a\u6240\u5f97\u306f\u6700\u4f4e\u751f\u6d3b\u6c34\u6e96\u306b\u623b\u308b<\/li>\n<li>\u65b0\u53e4\u5178\u6d3e\uff1a\u5b9a\u5e38\u72b6\u614b\uff08\u5747\u8861\u6210\u9577\u7d4c\u8def\uff09\u3067\u306f\u8caf\u84c4\u7387\u306e\u4e0a\u6607\u306f\u6240\u5f97\u6c34\u6e96\u3092\u4e0a\u3052\u308b\u304c\u6210\u9577\u7387\u306f\u6052\u4e45\u7684\u306b\u306f\u4e0a\u3052\u306a\u3044<\/li>\n<li>\u65b0\u53e4\u5178\u6d3e\u306e\u5b9a\u5e38\u72b6\u614b\u306e\u6210\u9577\u7387 = TFP \u306e\u4f38\u3073 \u00f7 (1 \u2212 \u03b1) \uff0b \u52b4\u50cd\u306e\u4f38\u3073<\/li>\n<li>\u65b0\u53e4\u5178\u6d3e\u306e\u5f31\u70b9\uff1aTFP \u3092\u5916\u751f\u7684\u306b\u6271\u3046<\/li>\n<li>\u5185\u751f\u7684\u6210\u9577\uff1a\u8cc7\u672c\u5168\u4f53\u3067\u53ce\u76ca\u4e00\u5b9a\u307e\u305f\u306f\u9013\u5897\u304c\u53ef\u80fd\u3001\u8caf\u84c4\u30fb\u6295\u8cc7\u304c\u9577\u671f\u6210\u9577\u7387\u306b\u5f71\u97ff<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u5b9a\u5e38\u72b6\u614b\u306e\u7523\u51fa\u6210\u9577\u7387 = \u03b8\/(1 \u2212 \u03b1) + \u0394L\/L<\/div>\n<h3>LOS 10\uff1a\u53ce\u675f\u4eee\u8aac<\/h3>\n<p><strong>\u53ce\u675f\u4eee\u8aac<\/strong>\u306f\u30011\u4eba\u5f53\u305f\u308a\u8cc7\u672c\u306e\u5c11\u306a\u3044\u65b0\u8208\u56fd\u307b\u3069\u6210\u9577\u7387\u304c\u9ad8\u304f\u3001\u5148\u9032\u56fd\u3068\u306e\u6240\u5f97\u5dee\u304c\u7e2e\u307e\u308b\u3068\u4e88\u6e2c\u3057\u307e\u3059\u3002<strong>\u7d76\u5bfe\u7684\u53ce\u675f\u3001\u6761\u4ef6\u4ed8\u304d\u53ce\u675f\u3001\u30af\u30e9\u30d6\u53ce\u675f<\/strong>\u306e3\u7a2e\u985e\u304c\u3042\u308a\u3001\u5b9f\u8a3c\u7d50\u679c\u306f\u307e\u3061\u307e\u3061\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u7d76\u5bfe\u7684\u53ce\u675f\uff1a\u6761\u4ef6\u306b\u304b\u304b\u308f\u3089\u305a1\u4eba\u5f53\u305f\u308a\u6240\u5f97\u304c\u540c\u3058\u6c34\u6e96\u3078<\/li>\n<li>\u6761\u4ef6\u4ed8\u304d\u53ce\u675f\uff1a\u8caf\u84c4\u7387\u30fb\u4eba\u53e3\u6210\u9577\u7387\u30fb\u751f\u7523\u95a2\u6570\u304c\u540c\u3058\u56fd\u3069\u3046\u3057\u3067\u53ce\u675f<\/li>\n<li>\u30af\u30e9\u30d6\u53ce\u675f\uff1a\u4e00\u5b9a\u306e\u5236\u5ea6\u3092\u5099\u3048\u305f\u56fd\u306e\u30b0\u30eb\u30fc\u30d7\u5185\u3067\u53ce\u675f<\/li>\n<li>\u53ce\u675f\u306e\u963b\u5bb3\u8981\u56e0\uff1a\u4f4e\u3044\u8caf\u84c4\u30fb\u6295\u8cc7\u3001\u8ca1\u7523\u6a29\u306e\u6b20\u5982\u3001\u653f\u6cbb\u4e0d\u5b89\u3001\u6559\u80b2\u30fb\u5065\u5eb7\u306e\u4e0d\u8db3\u3001\u8cbf\u6613\u5236\u9650<\/li>\n<li>\u958b\u653e\u7d4c\u6e08\u3067\u306f\u8cc7\u672c\u79fb\u52d5\u3068\u6280\u8853\u79fb\u8ee2\u3067\u53ce\u675f\u304c\u901f\u307e\u308b<\/li>\n<\/ul>\n<h3>LOS 11\uff1a\u6280\u8853\u30fb\u77e5\u8b58\u3078\u306e\u6c11\u9593\u6295\u8cc7\u3092\u653f\u5e9c\u304c\u4fc3\u3059\u6839\u62e0<\/h3>\n<p>\u7814\u7a76\u958b\u767a\u3084\u77e5\u8b58\u3078\u306e\u6295\u8cc7\u306f\u3001\u6295\u8cc7\u3057\u305f\u4f01\u696d\u3060\u3051\u3067\u306a\u304f\u7d4c\u6e08\u5168\u4f53\u306b<strong>\u6b63\u306e\u5916\u90e8\u52b9\u679c\uff08\u30b9\u30d4\u30eb\u30aa\u30fc\u30d0\u30fc\uff09<\/strong>\u3092\u3082\u305f\u3089\u3057\u307e\u3059\u3002\u4f01\u696d\u306f\u793e\u4f1a\u7684\u306a\u5229\u76ca\u307e\u3067\u8003\u616e\u3057\u306a\u3044\u305f\u3081\u6c11\u9593\u6295\u8cc7\u306f\u793e\u4f1a\u7684\u306b\u6700\u9069\u306a\u6c34\u6e96\u3092\u4e0b\u56de\u308a\u3084\u3059\u304f\u3001\u88dc\u52a9\u91d1\u3084\u7a0e\u5236\u512a\u9047\u3067\u6295\u8cc7\u3092\u4fc3\u3059\u6839\u62e0\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u793e\u4f1a\u7684\u53ce\u76ca > \u79c1\u7684\u53ce\u76ca<\/li>\n<li>\u6c11\u9593\u306e\u7814\u7a76\u958b\u767a\u6295\u8cc7\u306f\u904e\u5c11\u306b\u306a\u308a\u3084\u3059\u3044<\/li>\n<li>\u77e5\u8b58\u306f\u975e\u7af6\u5408\u7684\u3067\u4ed6\u8005\u3082\u5229\u7528\u53ef\u80fd<\/li>\n<li>\u624b\u6bb5\uff1a\u7814\u7a76\u958b\u767a\u88dc\u52a9\u91d1\u3001\u7a0e\u984d\u63a7\u9664\u3001\u6559\u80b2\u3078\u306e\u516c\u7684\u652f\u51fa<\/li>\n<\/ul>\n<h3>LOS 12\uff1a\u8cbf\u6613\u969c\u58c1\u306e\u64a4\u5ec3\u306e\u5f71\u97ff<\/h3>\n<p>\u8cbf\u6613\u3068\u8cc7\u672c\u79fb\u52d5\u306e\u958b\u653e\u306f\u3001\u8cc7\u672c\u306e\u8c4a\u5bcc\u306a\u56fd\u304b\u3089\u8cc7\u672c\u306e\u4e4f\u3057\u3044\u56fd\u3078\u306e\u6295\u8cc7\u3092\u4fc3\u3057\u3001<strong>\u65b0\u8208\u56fd\u306e\u6295\u8cc7\u3068\u6210\u9577\u3092\u9ad8\u3081\u308b<\/strong>\u65b9\u5411\u306b\u50cd\u304d\u307e\u3059\u3002\u9577\u671f\u7684\u306b\u306f\u5e02\u5834\u62e1\u5927\u30fb\u7af6\u4e89\u30fb\u6280\u8853\u79fb\u8ee2\u306e\u5229\u76ca\u304c\u898b\u8fbc\u307e\u308c\u307e\u3059\u304c\u3001\u77ed\u671f\u7684\u306b\u306f\u7af6\u4e89\u529b\u306e\u5f31\u3044\u7523\u696d\u3067\u96c7\u7528\u3084\u8cc3\u91d1\u304c\u4e0b\u304c\u308b\u306a\u3069\u3001\u5229\u76ca\u3068\u640d\u5931\u304c\u504f\u3063\u3066\u751f\u3058\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u8cc7\u672c\u306e\u4e4f\u3057\u3044\u56fd\uff1a\u6295\u8cc7\u30fb\u8cc7\u672c\u53ce\u76ca\u306e\u5897\u52a0\u3001\u6210\u9577\u7387\u306e\u4e0a\u6607<\/li>\n<li>\u8cc7\u672c\u306e\u8c4a\u5bcc\u306a\u56fd\uff1a\u6d77\u5916\u6295\u8cc7\u306b\u3088\u308b\u9ad8\u3044\u53ce\u76ca\u6a5f\u4f1a<\/li>\n<li>\u96c7\u7528\u3068\u8cc3\u91d1\uff1a\u6bd4\u8f03\u512a\u4f4d\u306e\u7523\u696d\u3067\u5897\u52a0\u3001\u6bd4\u8f03\u52a3\u4f4d\u306e\u7523\u696d\u3067\u6e1b\u5c11<\/li>\n<li>\u9577\u671f\u306e\u5229\u76ca\uff1a\u898f\u6a21\u306e\u7d4c\u6e08\u3001\u7af6\u4e89\u4fc3\u9032\u3001\u6280\u8853\u30fb\u77e5\u8b58\u306e\u79fb\u8ee2<\/li>\n<li>\u8f38\u51fa\u4e3b\u5c0e\u578b\u306e\u6210\u9577\u6226\u7565\u306f\u8f38\u5165\u4ee3\u66ff\u578b\u3088\u308a\u6210\u529f\u4f8b\u304c\u591a\u3044<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level2movie\/\" target=\"_blank\" rel=\"noopener\">Level 2 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-econ-lm1\/\">LM1 Currency Exchange Rates: Understanding Equilibrium Value\uff08\u70ba\u66ff\u30ec\u30fc\u30c8\uff1a\u5747\u8861\u4fa1\u5024\u306e\u7406\u89e3\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l2-econ\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 2 Economics\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 2 Economics LM2\u300cEconomic Growth\uff08\u7d4c\u6e08\u6210\u9577\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[99],"tags":[],"class_list":["post-10826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level2-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10826"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10826\/revisions"}],"predecessor-version":[{"id":11352,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10826\/revisions\/11352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11172"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}