{"id":11408,"date":"2026-09-24T09:00:00","date_gmt":"2026-09-24T00:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/?p=11408"},"modified":"2026-09-24T18:44:06","modified_gmt":"2026-09-24T09:44:06","slug":"cfa-l1-econ-glossary","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-econ-glossary\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Economics \u7528\u8a9e\u96c6\u3011Economics \u306e\u91cd\u8981\u7528\u8a9e74\u8a9e\uff5c\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u3092\u5358\u5143\u5225\u306b\u6574\u7406"},"content":{"rendered":"<style> .cfagl-nav{background:#f6f7fb;border-radius:6px;padding:1em 1.2em;margin:1em 0;line-height:1.9;word-break:normal;overflow-wrap:anywhere} .cfagl-nav a{display:block;margin:.15em 0} .cfagl-lm{font-size:.9em;margin:.2em 0 1em} .cfagl-t{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.75em 1em;margin:0 0 .8em;background:#fff} .cfagl-t .en{display:block;font-weight:bold;color:#172152;line-height:1.5;word-break:normal;overflow-wrap:anywhere} .cfagl-t .ja{display:block;font-size:.9em;color:#555;margin:.15em 0 .4em;line-height:1.5} .cfagl-t .df{display:block;line-height:1.75} .cfafm-c{border:1px solid #d5d9e3;border-top:4px solid #172152;border-radius:4px;padding:.9em 1em;margin:0 0 1.2em;background:#fff} .cfafm-c .nm{display:block;font-weight:bold;color:#172152;line-height:1.5} .cfafm-c .ne{display:block;font-size:.85em;color:#667;margin-bottom:.5em;word-break:normal;overflow-wrap:anywhere} .cfafm-x{background:#f6f7fb;border-radius:4px;padding:.6em .8em;margin:.4em 0 .7em;overflow-x:auto;overflow-y:hidden;-webkit-overflow-scrolling:touch} .cfafm-x .katex-display{margin:.3em 0!important} .cfafm-lg{margin:.3em 0 .6em;padding:0;font-size:.92em} .cfafm-lg div{display:flex;gap:.8em;padding:.25em 0;border-bottom:1px dotted #d5d9e3;line-height:1.6} .cfafm-lg .s{flex:0 0 auto;min-width:4.5em;max-width:45%;overflow-x:auto} .cfafm-lg .d{flex:1 1 auto} .cfafm-u{display:block;line-height:1.75;font-size:.95em} .cfafm-u b{color:#172152} .cfahub-g{display:grid;grid-template-columns:repeat(auto-fill,minmax(250px,1fr));gap:.8em;margin:1em 0} .cfahub-g a{display:block;border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em;background:#fff;text-decoration:none;color:#172152;line-height:1.5} .cfahub-g a .n{display:block;font-weight:bold} .cfahub-g a .j{display:block;font-size:.88em;color:#555} .cfagl-t p:empty,.cfafm-c p:empty,.cfahub-g p:empty,.cfagl-nav p:empty{display:none} .cfagl-lsc{border:2px solid #c9a227;background:#fffbea;border-radius:6px;padding:.9em 1.1em;margin:1em 0 1.4em;line-height:1.75} .cfagl-lsc b{display:block;color:#8a6d1d;margin-bottom:.3em} .cfagl-lsc a{display:inline-block;margin-top:.4em;font-weight:bold} .cfahub-g a .c{display:block;font-size:.82em;color:#8a6d1d;margin-top:.3em} <\/style>\n<div class=\"box05\">CFA\u00ae\ufe0e Level 1\u300cEconomics\uff08\u7d4c\u6e08\u5b66\uff09\u300d\u3067\u4f7f\u308f\u308c\u308b\u91cd\u8981\u7528\u8a9e\u3092\u3001\u5b66\u7fd2\u5358\u5143\uff08Learning Module\uff09\u3054\u3068\u306b<strong>\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473<\/strong>\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002\u51688\u5358\u5143\u30fb74\u8a9e\u3092\u53ce\u9332\u3057\u3066\u3044\u307e\u3059\u3002\u82f1\u8a9e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u3092\u8aad\u3080\u3068\u304d\u306e\u8f9e\u66f8\u4ee3\u308f\u308a\u306b\u304a\u4f7f\u3044\u304f\u3060\u3055\u3044\u3002<\/div>\n<div class=\"cfagl-lsc\"><b>Leveraged Support Course \u3092\u3054\u5229\u7528\u306e\u65b9\u3078<\/b>FA-Academy \u306e Leveraged Support Course\uff08LSC\uff09\u3092\u3054\u5229\u7528\u306e\u65b9\u306b\u306f\u3001\u3053\u306e\u7528\u8a9e\u96c6\u3068\u516c\u5f0f\u96c6\u3092\u30ec\u30d9\u30eb\u5225\u306b\u6574\u7406\u3057\u305f\u8cc7\u6599\uff08PDF\uff09\u3092\u304a\u6e21\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30e9\u30a4\u30f3\u3067\u306e\u78ba\u8a8d\u3084\u8a66\u9a13\u76f4\u524d\u306e\u898b\u76f4\u3057\u306b\u3054\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\">Level 1 Leveraged Support Course \u306e\u8a73\u7d30\u3092\u898b\u308b<\/a><\/div>\n<h2>\u5358\u5143\uff08LM\uff09\u4e00\u89a7<\/h2>\n<div class=\"cfagl-nav\"><a href=\"#l1-econ-g-lm1\">LM1 \u4f01\u696d\u3068\u5e02\u5834\u69cb\u9020<\/a><a href=\"#l1-econ-g-lm2\">LM2 \u666f\u6c17\u5faa\u74b0\u306e\u7406\u89e3<\/a><a href=\"#l1-econ-g-lm3\">LM3 \u8ca1\u653f\u653f\u7b56<\/a><a href=\"#l1-econ-g-lm4\">LM4 \u91d1\u878d\u653f\u7b56<\/a><a href=\"#l1-econ-g-lm5\">LM5 \u5730\u653f\u5b66\u5165\u9580<\/a><a href=\"#l1-econ-g-lm6\">LM6 \u56fd\u969b\u8cbf\u6613<\/a><a href=\"#l1-econ-g-lm7\">LM7 \u8cc7\u672c\u30d5\u30ed\u30fc\u3068\u70ba\u66ff\u5e02\u5834<\/a><a href=\"#l1-econ-g-lm8\">LM8 \u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u8a08\u7b97<\/a><\/div>\n<h2>Economics \u306e\u91cd\u8981\u7528\u8a9e\uff08LM\u5225\uff09<\/h2>\n<h3 id=\"l1-econ-g-lm1\">LM1 The Firm and Market Structures\uff08\u4f01\u696d\u3068\u5e02\u5834\u69cb\u9020\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm1\/\">LM1 \u4f01\u696d\u3068\u5e02\u5834\u69cb\u9020<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Economic Profit<\/div>\n<div class=\"ja\">\u7d4c\u6e08\u7684\u5229\u6f64<\/div>\n<div class=\"df\">\u7dcf\u53ce\u5165\u304b\u3089\u3001\u660e\u793a\u7684\u306a\u8cbb\u7528\u306b\u52a0\u3048\u3066\u6a5f\u4f1a\u8cbb\u7528\u306a\u3069\u306e\u6697\u9ed9\u306e\u8cbb\u7528\u3082\u542b\u3081\u305f\u7d4c\u6e08\u7684\u8cbb\u7528\u3092\u5dee\u3057\u5f15\u3044\u305f\u5229\u6f64\u3002\u660e\u793a\u7684\u306a\u8cbb\u7528\u3060\u3051\u3092\u5dee\u3057\u5f15\u304f\u4f1a\u8a08\u4e0a\u306e\u5229\u6f64\u3068\u306f\u533a\u5225\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Breakeven Point<\/div>\n<div class=\"ja\">\u640d\u76ca\u5206\u5c90\u70b9<\/div>\n<div class=\"df\">\u7dcf\u53ce\u5165\u304c\u7dcf\u8cbb\u7528\u306b\u7b49\u3057\u304f\u3001\u7d4c\u6e08\u7684\u5229\u6f64\u304c\u30bc\u30ed\u3068\u306a\u308b\u751f\u7523\u6c34\u6e96\u3002\u4fa1\u683c\u304c\u5e73\u5747\u7dcf\u8cbb\u7528\uff08ATC\uff09\u306b\u7b49\u3057\u3044\u70b9\u306b\u3042\u305f\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Shutdown Point<\/div>\n<div class=\"ja\">\u64cd\u696d\u505c\u6b62\u70b9<\/div>\n<div class=\"df\">\u4fa1\u683c\u304c\u5e73\u5747\u53ef\u5909\u8cbb\u7528\uff08AVC\uff09\u306e\u6700\u5c0f\u5024\u3092\u4e0b\u56de\u308a\u3001\u77ed\u671f\u3067\u3082\u751f\u7523\u3092\u505c\u6b62\u3059\u308b\u307b\u3046\u304c\u640d\u5931\u304c\u5c0f\u3055\u304f\u306a\u308b\u6c34\u6e96\u3002AVC\u3092\u4e0a\u56de\u308b\u9650\u308a\u3001\u8d64\u5b57\u3067\u3082\u56fa\u5b9a\u8cbb\u306e\u4e00\u90e8\u3092\u56de\u53ce\u3067\u304d\u308b\u305f\u3081\u64cd\u696d\u3092\u7d9a\u3051\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Economies of Scale<\/div>\n<div class=\"ja\">\u898f\u6a21\u306e\u7d4c\u6e08<\/div>\n<div class=\"df\">\u751f\u7523\u898f\u6a21\u306e\u62e1\u5927\u306b\u4f34\u3063\u3066\u9577\u671f\u306e\u5e73\u5747\u7dcf\u8cbb\u7528\u304c\u4f4e\u4e0b\u3059\u308b\u73fe\u8c61\u3002\u5c02\u9580\u5316\u3084\u6295\u5165\u7269\u306e\u4fa1\u683c\u4ea4\u6e09\u529b\u304c\u8981\u56e0\u3068\u306a\u308b\u3002\u9006\u306b\u8cbb\u7528\u304c\u4e0a\u6607\u3059\u308b\u73fe\u8c61\u3092\u898f\u6a21\u306e\u4e0d\u7d4c\u6e08\u3068\u3044\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Minimum Efficient Scale<\/div>\n<div class=\"ja\">\u6700\u5c0f\u52b9\u7387\u898f\u6a21<\/div>\n<div class=\"df\">\u9577\u671f\u5e73\u5747\u7dcf\u8cbb\u7528\u304c\u6700\u5c0f\u3068\u306a\u308b\u751f\u7523\u898f\u6a21\u3002\u898f\u6a21\u306e\u7d4c\u6e08\u304c\u5c3d\u304d\u308b\u70b9\u306b\u3042\u305f\u308a\u3001\u9577\u671f\u7684\u306b\u7af6\u4e89\u529b\u3092\u4fdd\u3064\u305f\u3081\u306e\u76ee\u5b89\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Monopolistic Competition<\/div>\n<div class=\"ja\">\u72ec\u5360\u7684\u7af6\u4e89<\/div>\n<div class=\"df\">\u591a\u6570\u306e\u4f01\u696d\u304c\u5dee\u5225\u5316\u3055\u308c\u305f\u88fd\u54c1\u3092\u4f9b\u7d66\u3057\u3001\u3042\u308b\u7a0b\u5ea6\u306e\u4fa1\u683c\u652f\u914d\u529b\u3092\u6301\u3064\u5e02\u5834\u69cb\u9020\u3002\u53c2\u5165\u304c\u5bb9\u6613\u306a\u305f\u3081\u3001\u9577\u671f\u7684\u306b\u306f\u7d4c\u6e08\u7684\u5229\u6f64\u304c\u30bc\u30ed\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Oligopoly<\/div>\n<div class=\"ja\">\u5be1\u5360<\/div>\n<div class=\"df\">\u5c11\u6570\u306e\u4f01\u696d\u304c\u9ad8\u3044\u53c2\u5165\u969c\u58c1\u306b\u5b88\u3089\u308c\u3066\u4f9b\u7d66\u3059\u308b\u5e02\u5834\u69cb\u9020\u3002\u5404\u793e\u306e\u610f\u601d\u6c7a\u5b9a\u304c\u4e92\u3044\u306b\u5f71\u97ff\u3057\u5408\u3046\u305f\u3081\u3001\u76f8\u624b\u306e\u53cd\u5fdc\u3092\u8003\u616e\u3057\u305f\u6226\u7565\u7684\u306a\u884c\u52d5\u304c\u91cd\u8981\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Kinked Demand Curve Model<\/div>\n<div class=\"ja\">\u5c48\u6298\u9700\u8981\u66f2\u7dda\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u5be1\u5360\u4f01\u696d\u304c\u5024\u4e0a\u3052\u3057\u3066\u3082\u7af6\u5408\u306f\u8ffd\u968f\u305b\u305a\u3001\u5024\u4e0b\u3052\u3059\u308c\u3070\u8ffd\u968f\u3059\u308b\u3068\u60f3\u5b9a\u3059\u308b\u30e2\u30c7\u30eb\u3002\u9700\u8981\u66f2\u7dda\u304c\u73fe\u884c\u4fa1\u683c\u3067\u6298\u308c\u66f2\u304c\u308a\u3001\u9650\u754c\u53ce\u5165\u306b\u4e0d\u9023\u7d9a\u306a\u533a\u9593\u304c\u751f\u3058\u308b\u305f\u3081\u4fa1\u683c\u304c\u786c\u76f4\u7684\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Nash Equilibrium<\/div>\n<div class=\"ja\">\u30ca\u30c3\u30b7\u30e5\u5747\u8861<\/div>\n<div class=\"df\">\u5404\u4f01\u696d\u304c\u76f8\u624b\u306e\u6226\u7565\u3092\u6240\u4e0e\u3068\u3057\u3066\u81ea\u3089\u306e\u6700\u9069\u306a\u6226\u7565\u3092\u9078\u3093\u3067\u304a\u308a\u3001\u3069\u306e\u4f01\u696d\u3082\u5358\u72ec\u3067\u6226\u7565\u3092\u5909\u3048\u308b\u8a98\u56e0\u304c\u306a\u3044\u72b6\u614b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Herfindahl\u2013Hirschman Index (HHI)<\/div>\n<div class=\"ja\">\u30cf\u30fc\u30d5\u30a3\u30f3\u30c0\u30fc\u30eb\u30fb\u30cf\u30fc\u30b7\u30e5\u30de\u30f3\u6307\u6570\uff08HHI\uff09<\/div>\n<div class=\"df\">\u4e0a\u4f4d\u4f01\u696d\u306e\u5e02\u5834\u30b7\u30a7\u30a2\u306e2\u4e57\u3092\u5408\u8a08\u3057\u305f\u5e02\u5834\u96c6\u4e2d\u5ea6\u306e\u6307\u6a19\u3002\u30b7\u30a7\u30a2\u306e\u5408\u8a08\u3067\u3042\u308bN\u793e\u96c6\u4e2d\u5ea6\u3068\u7570\u306a\u308a\u3001\u4e0a\u4f4d\u4f01\u696d\u540c\u58eb\u306e\u5408\u4f75\u306b\u3088\u308b\u96c6\u4e2d\u5ea6\u306e\u4e0a\u6607\u3092\u53cd\u6620\u3067\u304d\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm2\">LM2 Understanding Business Cycles\uff08\u666f\u6c17\u5faa\u74b0\u306e\u7406\u89e3\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm2\/\">LM2 \u666f\u6c17\u5faa\u74b0\u306e\u7406\u89e3<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Business Cycle<\/div>\n<div class=\"ja\">\u666f\u6c17\u5faa\u74b0<\/div>\n<div class=\"df\">\u7d4c\u6e08\u306e\u5e83\u3044\u7bc4\u56f2\u306b\u308f\u305f\u3063\u3066\u3001\u62e1\u5927\u3068\u7e2e\u5c0f\u304c\u7e70\u308a\u8fd4\u3057\u8d77\u3053\u308b\u73fe\u8c61\u3002\u56de\u5fa9\u30fb\u62e1\u5927\u30fb\u6e1b\u901f\u30fb\u5f8c\u9000\u306e4\u3064\u306e\u5c40\u9762\u306b\u5206\u3051\u3066\u6349\u3048\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Growth Cycle<\/div>\n<div class=\"ja\">\u6210\u9577\u5faa\u74b0<\/div>\n<div class=\"df\">\u5b9f\u8ceaGDP\u306a\u3069\u306e\u7d4c\u6e08\u6d3b\u52d5\u306e\u6c34\u6e96\u3067\u306f\u306a\u304f\u3001\u9577\u671f\u306e\u6f5c\u5728\u6210\u9577\uff08\u30c8\u30ec\u30f3\u30c9\uff09\u304b\u3089\u306e\u4e56\u96e2\u306b\u7740\u76ee\u3057\u3066\u6349\u3048\u308b\u666f\u6c17\u5faa\u74b0\u3002\u6c34\u6e96\u306b\u7740\u76ee\u3059\u308b\u53e4\u5178\u7684\u5faa\u74b0\u3068\u533a\u5225\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Output Gap<\/div>\n<div class=\"ja\">\u7523\u51fa\u30ae\u30e3\u30c3\u30d7<\/div>\n<div class=\"df\">\u5b9f\u969b\u306e\u7523\u51fa\u91cf\u3068\u6f5c\u5728\u7523\u51fa\u91cf\u306e\u5dee\u3002\u5b9f\u969b\u306e\u7523\u51fa\u304c\u6f5c\u5728\u3092\u4e0a\u56de\u308c\u3070\u6b63\u3001\u4e0b\u56de\u308c\u3070\u8ca0\u3068\u306a\u308a\u3001\u666f\u6c17\u306e\u5c40\u9762\u3092\u5224\u65ad\u3059\u308b\u624b\u304c\u304b\u308a\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Credit Cycle<\/div>\n<div class=\"ja\">\u4fe1\u7528\u30b5\u30a4\u30af\u30eb<\/div>\n<div class=\"df\">\u4fe1\u7528\u306e\u5229\u7528\u53ef\u80fd\u6027\u3068\u8cb8\u51fa\u6761\u4ef6\u304c\u3001\u7de9\u548c\u3068\u5f15\u304d\u7de0\u3081\u3092\u7e70\u308a\u8fd4\u3059\u5faa\u74b0\u3002\u8cc7\u7523\u4fa1\u683c\u3084\u62c5\u4fdd\u4fa1\u5024\u3068\u9023\u52d5\u3057\u3066\u666f\u6c17\u5faa\u74b0\u3092\u5897\u5e45\u3057\u3001\u666f\u6c17\u5faa\u74b0\u3088\u308a\u9577\u304f\u6df1\u3044\u50be\u5411\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Inventory-to-Sales Ratio<\/div>\n<div class=\"ja\">\u5728\u5eab\u30fb\u58f2\u4e0a\u6bd4\u7387<\/div>\n<div class=\"df\">\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308b\u5728\u5eab\u306e\u6bd4\u7387\u3002\u666f\u6c17\u306e\u8ee2\u63db\u70b9\u3067\u5728\u5eab\u304c\u610f\u56f3\u305b\u305a\u7a4d\u307f\u4e0a\u304c\u3063\u305f\u308a\u6e1b\u3063\u305f\u308a\u3059\u308b\u305f\u3081\u3001\u5728\u5eab\u5faa\u74b0\u3092\u901a\u3058\u3066\u666f\u6c17\u306e\u5c40\u9762\u3092\u793a\u3059\u30b7\u30b0\u30ca\u30eb\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Leading Economic Indicator<\/div>\n<div class=\"ja\">\u5148\u884c\u6307\u6a19<\/div>\n<div class=\"df\">\u666f\u6c17\u5168\u4f53\u3088\u308a\u5148\u306b\u8ee2\u63db\u3059\u308b\u50be\u5411\u304c\u3042\u308b\u7d4c\u6e08\u6307\u6a19\u3002\u65b0\u898f\u5931\u696d\u4fdd\u967a\u7533\u8acb\u4ef6\u6570\u3084\u4f4f\u5b85\u7740\u5de5\u8a31\u53ef\u4ef6\u6570\u306a\u3069\u304c\u3042\u308a\u3001\u666f\u6c17\u306e\u5148\u884c\u304d\u3092\u898b\u901a\u3059\u306e\u306b\u4f7f\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Coincident Economic Indicator<\/div>\n<div class=\"ja\">\u4e00\u81f4\u6307\u6a19<\/div>\n<div class=\"df\">\u666f\u6c17\u5168\u4f53\u3068\u307b\u307c\u540c\u6642\u306b\u8ee2\u63db\u3059\u308b\u7d4c\u6e08\u6307\u6a19\u3002\u9271\u5de5\u696d\u751f\u7523\u306a\u3069\u304c\u3042\u308a\u3001\u7d4c\u6e08\u304c\u73fe\u5728\u3069\u306e\u5c40\u9762\u306b\u3042\u308b\u304b\u3092\u78ba\u8a8d\u3059\u308b\u306e\u306b\u4f7f\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Lagging Economic Indicator<\/div>\n<div class=\"ja\">\u9045\u884c\u6307\u6a19<\/div>\n<div class=\"df\">\u666f\u6c17\u5168\u4f53\u3088\u308a\u9045\u308c\u3066\u8ee2\u63db\u3059\u308b\u7d4c\u6e08\u6307\u6a19\u3002\u5931\u696d\u671f\u9593\u306e\u5e73\u5747\u306a\u3069\u304c\u3042\u308a\u3001\u666f\u6c17\u306e\u8ee2\u63db\u304c\u3059\u3067\u306b\u8d77\u304d\u305f\u3053\u3068\u3092\u78ba\u8a8d\u3059\u308b\u306e\u306b\u4f7f\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Diffusion Index<\/div>\n<div class=\"ja\">\u30c7\u30a3\u30d5\u30e5\u30fc\u30b8\u30e7\u30f3\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/div>\n<div class=\"df\">\u8907\u6570\u306e\u69cb\u6210\u6307\u6a19\u306e\u3046\u3061\u3001\u4e0a\u6607\uff08\u6539\u5584\uff09\u3057\u3066\u3044\u308b\u6307\u6a19\u306e\u5272\u5408\u3092\u793a\u3059\u6307\u6570\u3002\u666f\u6c17\u306e\u5909\u5316\u304c\u3069\u306e\u7a0b\u5ea6\u5e83\u304f\u7d4c\u6e08\u5168\u4f53\u306b\u53ca\u3093\u3067\u3044\u308b\u304b\u3092\u6e2c\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm3\">LM3 Fiscal Policy\uff08\u8ca1\u653f\u653f\u7b56\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm3\/\">LM3 \u8ca1\u653f\u653f\u7b56<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Automatic Stabilizers<\/div>\n<div class=\"ja\">\u81ea\u52d5\u5b89\u5b9a\u5316\u88c5\u7f6e\uff08\u30d3\u30eb\u30c8\u30a4\u30f3\u30fb\u30b9\u30bf\u30d3\u30e9\u30a4\u30b6\u30fc\uff09<\/div>\n<div class=\"df\">\u7d2f\u9032\u8ab2\u7a0e\u3084\u5931\u696d\u7d66\u4ed8\u306e\u3088\u3046\u306b\u3001\u653f\u7b56\u306e\u5909\u66f4\u3092\u5fc5\u8981\u3068\u305b\u305a\u666f\u6c17\u306e\u5909\u52d5\u306b\u5fdc\u3058\u3066\u81ea\u52d5\u7684\u306b\u50cd\u304d\u3001\u7dcf\u9700\u8981\u306e\u5909\u52d5\u3092\u548c\u3089\u3052\u308b\u8ca1\u653f\u306e\u4ed5\u7d44\u307f\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Discretionary Fiscal Policy<\/div>\n<div class=\"ja\">\u88c1\u91cf\u7684\u8ca1\u653f\u653f\u7b56<\/div>\n<div class=\"df\">\u666f\u6c17\u5bfe\u7b56\u306a\u3069\u306e\u76ee\u7684\u3067\u3001\u653f\u5e9c\u304c\u610f\u56f3\u7684\u306b\u7a0e\u3084\u652f\u51fa\u3092\u5909\u66f4\u3059\u308b\u8ca1\u653f\u653f\u7b56\u3002\u81ea\u52d5\u5b89\u5b9a\u5316\u88c5\u7f6e\u3068\u7570\u306a\u308a\u3001\u6c7a\u5b9a\u3068\u5b9f\u65bd\u306b\u6642\u9593\u304c\u304b\u304b\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Crowding Out<\/div>\n<div class=\"ja\">\u30af\u30e9\u30a6\u30c7\u30a3\u30f3\u30b0\u30fb\u30a2\u30a6\u30c8<\/div>\n<div class=\"df\">\u653f\u5e9c\u304c\u501f\u5165\u3092\u5897\u3084\u3057\u3066\u652f\u51fa\u3092\u62e1\u5927\u3059\u308b\u3068\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3001\u6c11\u9593\u306e\u6295\u8cc7\u3084\u6d88\u8cbb\u304c\u62bc\u3057\u4e0b\u3052\u3089\u308c\u308b\u73fe\u8c61\u3002\u8ca1\u653f\u653f\u7b56\u306e\u52b9\u679c\u3092\u5f31\u3081\u308b\u8981\u56e0\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Ricardian Equivalence<\/div>\n<div class=\"ja\">\u30ea\u30ab\u30fc\u30c9\u306e\u7b49\u4fa1\u5b9a\u7406<\/div>\n<div class=\"df\">\u6e1b\u7a0e\u306a\u3069\u3067\u653f\u5e9c\u50b5\u52d9\u304c\u5897\u3048\u3066\u3082\u3001\u5bb6\u8a08\u304c\u5c06\u6765\u306e\u5897\u7a0e\u3092\u4e88\u60f3\u3057\u3066\u8caf\u84c4\u3092\u5897\u3084\u3059\u305f\u3081\u3001\u6c11\u9593\u652f\u51fa\u304c\u5909\u308f\u3089\u305a\u653f\u7b56\u306e\u52b9\u679c\u304c\u76f8\u6bba\u3055\u308c\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fiscal Multiplier<\/div>\n<div class=\"ja\">\u8ca1\u653f\u4e57\u6570<\/div>\n<div class=\"df\">\u653f\u5e9c\u652f\u51fa\u306e\u5909\u5316\u304c\u6700\u7d42\u7684\u306b\u7dcf\u6240\u5f97\u3092\u305d\u306e\u4f55\u500d\u5909\u5316\u3055\u305b\u308b\u304b\u3092\u793a\u3059\u500d\u7387\u3002\u9650\u754c\u6d88\u8cbb\u6027\u5411\u3092c\u3001\u7a0e\u7387\u3092t\u3068\u3057\u30661\u00f7[1\u2212c(1\u2212t)]\u3067\u8868\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Balanced Budget Multiplier<\/div>\n<div class=\"ja\">\u5747\u8861\u4e88\u7b97\u4e57\u6570<\/div>\n<div class=\"df\">\u653f\u5e9c\u652f\u51fa\u3092\u5897\u3084\u3057\u3001\u540c\u984d\u3092\u5897\u7a0e\u3067\u8cc4\u3063\u305f\u5834\u5408\u306e\u7dcf\u6240\u5f97\u3078\u306e\u52b9\u679c\u3092\u793a\u3059\u4e57\u6570\u3002\u652f\u51fa\u5897\u306e\u52b9\u679c\u304c\u5897\u7a0e\u306e\u52b9\u679c\u3092\u4e0a\u56de\u308b\u305f\u3081\u3001\u30d7\u30e9\u30b9\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Structural Budget Deficit<\/div>\n<div class=\"ja\">\u69cb\u9020\u7684\u8ca1\u653f\u8d64\u5b57\uff08\u666f\u6c17\u8abf\u6574\u5f8c\u8ca1\u653f\u8d64\u5b57\uff09<\/div>\n<div class=\"df\">\u7d4c\u6e08\u304c\u5b8c\u5168\u96c7\u7528\u306e\u6c34\u6e96\u306b\u3042\u308b\u3068\u4eee\u5b9a\u3057\u305f\u5834\u5408\u306e\u8ca1\u653f\u8d64\u5b57\u3002\u666f\u6c17\u306b\u3088\u308b\u7a0e\u53ce\u3084\u7d66\u4ed8\u306e\u5909\u52d5\u3092\u9664\u304f\u305f\u3081\u3001\u8ca1\u653f\u30b9\u30bf\u30f3\u30b9\u304c\u62e1\u5f35\u7684\u304b\u7dca\u7e2e\u7684\u304b\u306e\u5224\u65ad\u306b\u7528\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Transfer Payments<\/div>\n<div class=\"ja\">\u79fb\u8ee2\u652f\u51fa<\/div>\n<div class=\"df\">\u5e74\u91d1\u3084\u5931\u696d\u7d66\u4ed8\u306e\u3088\u3046\u306b\u3001\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u5bfe\u4fa1\u3067\u306f\u306a\u304f\u653f\u5e9c\u304c\u5bb6\u8a08\u306a\u3069\u306b\u652f\u6255\u3046\u7d66\u4ed8\u3002\u6240\u5f97\u306e\u518d\u5206\u914d\u306e\u5f79\u5272\u3092\u62c5\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Indirect Taxes<\/div>\n<div class=\"ja\">\u9593\u63a5\u7a0e<\/div>\n<div class=\"df\">\u4ed8\u52a0\u4fa1\u5024\u7a0e\u30fb\u6d88\u8cbb\u7a0e\u30fb\u305f\u3070\u3053\u7a0e\u306e\u3088\u3046\u306b\u3001\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u6d88\u8cbb\u306b\u8ab2\u3055\u308c\u308b\u7a0e\u3002\u6240\u5f97\u3084\u8cc7\u7523\u306b\u8ab2\u3059\u76f4\u63a5\u7a0e\u3068\u6bd4\u3079\u3001\u7a0e\u7387\u306e\u5909\u66f4\u3092\u77ed\u671f\u9593\u3067\u53cd\u6620\u3067\u304d\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fiscal Policy Lags<\/div>\n<div class=\"ja\">\u8ca1\u653f\u653f\u7b56\u306e\u30e9\u30b0<\/div>\n<div class=\"df\">\u8ca1\u653f\u653f\u7b56\u306e\u5b9f\u65bd\u306b\u4f34\u3046\u6642\u9593\u7684\u306a\u9045\u308c\u3002\u5bfe\u7b56\u306e\u5fc5\u8981\u6027\u306b\u6c17\u3065\u304f\u307e\u3067\u306e\u8a8d\u77e5\u30e9\u30b0\u3001\u6c7a\u5b9a\u30fb\u5b9f\u884c\u307e\u3067\u306e\u5b9f\u884c\u30e9\u30b0\u3001\u7d4c\u6e08\u306b\u52b9\u679c\u304c\u8868\u308c\u308b\u307e\u3067\u306e\u52b9\u679c\u30e9\u30b0\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm4\">LM4 Monetary Policy\uff08\u91d1\u878d\u653f\u7b56\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm4\/\">LM4 \u91d1\u878d\u653f\u7b56<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Lender of Last Resort<\/div>\n<div class=\"ja\">\u6700\u5f8c\u306e\u8cb8\u3057\u624b<\/div>\n<div class=\"df\">\u8cc7\u91d1\u7e70\u308a\u306b\u56f0\u3063\u305f\u9280\u884c\u306b\u4e2d\u592e\u9280\u884c\u304c\u6d41\u52d5\u6027\u3092\u4f9b\u7d66\u3059\u308b\u5f79\u5272\u3002\u9810\u91d1\u306e\u53d6\u308a\u4ed8\u3051\u3084\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306e\u6df7\u4e71\u3092\u9632\u3050\u3053\u3068\u3092\u76ee\u7684\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Open Market Operations<\/div>\n<div class=\"ja\">\u516c\u958b\u5e02\u5834\u64cd\u4f5c<\/div>\n<div class=\"df\">\u4e2d\u592e\u9280\u884c\u304c\u56fd\u50b5\u306a\u3069\u306e\u8a3c\u5238\u3092\u58f2\u8cb7\u3057\u3066\u3001\u9280\u884c\u306e\u6e96\u5099\u9810\u91d1\u306e\u91cf\u3092\u5897\u6e1b\u3055\u305b\u308b\u91d1\u878d\u653f\u7b56\u306e\u624b\u6bb5\u3002\u8cb7\u3044\u5165\u308c\u306f\u8cc7\u91d1\u4f9b\u7d66\u3001\u58f2\u5374\u306f\u8cc7\u91d1\u5438\u53ce\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Policy Rate<\/div>\n<div class=\"ja\">\u653f\u7b56\u91d1\u5229<\/div>\n<div class=\"df\">\u4e2d\u592e\u9280\u884c\u304c\u91d1\u878d\u653f\u7b56\u306e\u76ee\u6a19\u3068\u3057\u3066\u8a2d\u5b9a\u3059\u308b\u77ed\u671f\u91d1\u5229\u3002\u30ec\u30dd\u53d6\u5f15\u306a\u3069\u3092\u901a\u3058\u3066\u8a98\u5c0e\u3055\u308c\u3001\u5e02\u5834\u91d1\u5229\u30fb\u8cc7\u7523\u4fa1\u683c\u30fb\u70ba\u66ff\u30ec\u30fc\u30c8\u306b\u6ce2\u53ca\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Monetary Transmission Mechanism<\/div>\n<div class=\"ja\">\u91d1\u878d\u653f\u7b56\u306e\u6ce2\u53ca\u30e1\u30ab\u30cb\u30ba\u30e0<\/div>\n<div class=\"df\">\u653f\u7b56\u91d1\u5229\u306e\u5909\u66f4\u304c\u3001\u5e02\u5834\u91d1\u5229\u30fb\u8cc7\u7523\u4fa1\u683c\u30fb\u671f\u5f85\u30fb\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u901a\u3058\u3066\u56fd\u5185\u9700\u8981\u3068\u7d14\u8f38\u51fa\u306b\u5f71\u97ff\u3057\u3001\u6700\u7d42\u7684\u306b\u30a4\u30f3\u30d5\u30ec\u3068\u6210\u9577\u306b\u53ca\u3076\u7d4c\u8def\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Central Bank Independence<\/div>\n<div class=\"ja\">\u4e2d\u592e\u9280\u884c\u306e\u72ec\u7acb\u6027<\/div>\n<div class=\"df\">\u4e2d\u592e\u9280\u884c\u304c\u653f\u5e9c\u304b\u3089\u306e\u653f\u6cbb\u7684\u5727\u529b\u3092\u53d7\u3051\u305a\u306b\u91d1\u878d\u653f\u7b56\u3092\u6c7a\u5b9a\u3067\u304d\u308b\u3053\u3068\u3002\u653f\u7b56\u306e\u904b\u55b6\u624b\u6bb5\u3092\u81ea\u3089\u6c7a\u3081\u308b\u904b\u55b6\u4e0a\u306e\u72ec\u7acb\u6027\u3068\u3001\u76ee\u6a19\u3092\u81ea\u3089\u8a2d\u5b9a\u3059\u308b\u76ee\u6a19\u8a2d\u5b9a\u4e0a\u306e\u72ec\u7acb\u6027\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Inflation Targeting<\/div>\n<div class=\"ja\">\u30a4\u30f3\u30d5\u30ec\u30fb\u30bf\u30fc\u30b2\u30c6\u30a3\u30f3\u30b0<\/div>\n<div class=\"df\">\u4e2d\u592e\u9280\u884c\u304c\u76ee\u6a19\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u8a31\u5bb9\u5e45\u3092\u516c\u8868\u3057\u3001\u305d\u306e\u9054\u6210\u3092\u76ee\u6307\u3057\u3066\u91d1\u878d\u653f\u7b56\u3092\u904b\u55b6\u3059\u308b\u67a0\u7d44\u307f\u3002\u72ec\u7acb\u6027\u30fb\u4fe1\u8a8d\u30fb\u900f\u660e\u6027\u304c\u6210\u529f\u306e\u6761\u4ef6\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Exchange Rate Targeting<\/div>\n<div class=\"ja\">\u70ba\u66ff\u30ec\u30fc\u30c8\u30fb\u30bf\u30fc\u30b2\u30c6\u30a3\u30f3\u30b0<\/div>\n<div class=\"df\">\u81ea\u56fd\u901a\u8ca8\u3092\u4e3b\u8981\u901a\u8ca8\u306b\u5bfe\u3057\u3066\u4e00\u5b9a\u306e\u6c34\u6e96\u306b\u4fdd\u3064\u3053\u3068\u3092\u76ee\u6a19\u3068\u3059\u308b\u91d1\u878d\u653f\u7b56\u306e\u904b\u55b6\u3002\u56fd\u5185\u306e\u91d1\u5229\u3084\u8ca8\u5e63\u4f9b\u7d66\u306f\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u7dad\u6301\u306b\u5f93\u5c5e\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Neutral Interest Rate<\/div>\n<div class=\"ja\">\u4e2d\u7acb\u91d1\u5229<\/div>\n<div class=\"df\">\u7d4c\u6e08\u3092\u523a\u6fc0\u3082\u6291\u5236\u3082\u3057\u306a\u3044\u653f\u7b56\u91d1\u5229\u306e\u6c34\u6e96\u3002\u30c8\u30ec\u30f3\u30c9\u6210\u9577\u7387\uff0b\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3067\u8868\u3055\u308c\u3001\u653f\u7b56\u91d1\u5229\u304c\u3053\u308c\u3092\u4e0a\u56de\u308c\u3070\u7dca\u7e2e\u7684\u3001\u4e0b\u56de\u308c\u3070\u62e1\u5f35\u7684\u3068\u5224\u65ad\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Liquidity Trap<\/div>\n<div class=\"ja\">\u6d41\u52d5\u6027\u306e\u7f60<\/div>\n<div class=\"df\">\u91d1\u5229\u304c\u30bc\u30ed\u4ed8\u8fd1\u307e\u3067\u4f4e\u4e0b\u3057\u3001\u4e2d\u592e\u9280\u884c\u304c\u8ca8\u5e63\u4f9b\u7d66\u3092\u5897\u3084\u3057\u3066\u3082\u4eba\u3005\u304c\u73fe\u91d1\u3092\u4fdd\u6709\u3057\u7d9a\u3051\u308b\u305f\u3081\u3001\u91d1\u878d\u7de9\u548c\u304c\u9700\u8981\u3092\u523a\u6fc0\u3067\u304d\u306a\u304f\u306a\u308b\u72b6\u614b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Quantitative Easing (QE)<\/div>\n<div class=\"ja\">\u91cf\u7684\u7de9\u548c\uff08QE\uff09<\/div>\n<div class=\"df\">\u653f\u7b56\u91d1\u5229\u3092\u4e0b\u3052\u308b\u4f59\u5730\u304c\u306a\u3044\u3068\u304d\u306b\u3001\u4e2d\u592e\u9280\u884c\u304c\u56fd\u50b5\u306a\u3069\u306e\u8cc7\u7523\u3092\u5927\u898f\u6a21\u306b\u8cb7\u3044\u5165\u308c\u3066\u8cc7\u91d1\u3092\u4f9b\u7d66\u3059\u308b\u975e\u4f1d\u7d71\u7684\u306a\u91d1\u878d\u653f\u7b56\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm5\">LM5 Introduction to Geopolitics\uff08\u5730\u653f\u5b66\u5165\u9580\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm5\/\">LM5 \u5730\u653f\u5b66\u5165\u9580<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Soft Power<\/div>\n<div class=\"ja\">\u30bd\u30d5\u30c8\u30d1\u30ef\u30fc<\/div>\n<div class=\"df\">\u8ecd\u4e8b\u529b\u3084\u7d4c\u6e08\u7684\u306a\u5f37\u5236\u3067\u306f\u306a\u304f\u3001\u6587\u5316\u30fb\u4fa1\u5024\u89b3\u30fb\u653f\u7b56\u306e\u9b45\u529b\u306b\u3088\u3063\u3066\u4ed6\u56fd\u306e\u884c\u52d5\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u529b\u3002\u56fd\u5bb6\u9593\u306e\u5354\u8abf\u306e\u5ea6\u5408\u3044\u3092\u5de6\u53f3\u3059\u308b\u8981\u56e0\u306e\u4e00\u3064\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Autarky<\/div>\n<div class=\"ja\">\u30a2\u30a6\u30bf\u30eb\u30ad\u30fc\uff08\u81ea\u7d66\u81ea\u8db3\uff09<\/div>\n<div class=\"df\">\u975e\u5354\u8abf\u7684\u3067\u30ca\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0\u3092\u91cd\u8996\u3059\u308b\u56fd\u306e\u884c\u52d5\u985e\u578b\u3002\u56fd\u5185\u3067\u5fc5\u8981\u306a\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9\u3092\u81ea\u7d66\u3057\u3001\u5916\u56fd\u3068\u306e\u8cbf\u6613\u3084\u8cc7\u672c\u306e\u4ea4\u6d41\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Hegemony<\/div>\n<div class=\"ja\">\u8987\u6a29\u4e3b\u7fa9<\/div>\n<div class=\"df\">\u975e\u5354\u8abf\u7684\u3067\u3042\u308a\u306a\u304c\u3089\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\u3092\u5fd7\u5411\u3059\u308b\u56fd\u306e\u884c\u52d5\u985e\u578b\u3002\u81ea\u56fd\u306e\u5f71\u97ff\u529b\u3092\u7528\u3044\u3066\u5730\u57df\u3084\u4e16\u754c\u306b\u5bfe\u3059\u308b\u652f\u914d\u529b\u3092\u884c\u4f7f\u3057\u3088\u3046\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Bilateralism<\/div>\n<div class=\"ja\">\u4e8c\u56fd\u9593\u4e3b\u7fa9<\/div>\n<div class=\"df\">\u5354\u8abf\u7684\u3060\u304c\u30ca\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0\u3092\u91cd\u8996\u3059\u308b\u56fd\u306e\u884c\u52d5\u985e\u578b\u3002\u591a\u56fd\u9593\u306e\u67a0\u7d44\u307f\u3067\u306f\u306a\u304f\u3001\u7279\u5b9a\u306e\u56fd\u3068\u306e\u500b\u5225\u306e\u5354\u5b9a\u3092\u901a\u3058\u3066\u95a2\u4fc2\u3092\u7bc9\u304f\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Multilateralism<\/div>\n<div class=\"ja\">\u591a\u56fd\u9593\u4e3b\u7fa9<\/div>\n<div class=\"df\">\u5354\u8abf\u7684\u3067\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\u3092\u5fd7\u5411\u3059\u308b\u56fd\u306e\u884c\u52d5\u985e\u578b\u3002\u591a\u304f\u306e\u56fd\u304c\u53c2\u52a0\u3059\u308b\u67a0\u7d44\u307f\u3084\u30eb\u30fc\u30eb\u3092\u901a\u3058\u3066\u3001\u8cbf\u6613\u3084\u653f\u7b56\u306e\u5354\u8abf\u3092\u9032\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">International Monetary Fund (IMF)<\/div>\n<div class=\"ja\">\u56fd\u969b\u901a\u8ca8\u57fa\u91d1\uff08IMF\uff09<\/div>\n<div class=\"df\">\u56fd\u969b\u901a\u8ca8\u30b7\u30b9\u30c6\u30e0\u306e\u5b89\u5b9a\u3092\u76ee\u7684\u3068\u3059\u308b\u56fd\u969b\u6a5f\u95a2\u3002\u70ba\u66ff\u3084\u56fd\u969b\u6c7a\u6e08\u306e\u5b89\u5b9a\u3092\u56f3\u308a\u3001\u52a0\u76df\u56fd\u306e\u7d4c\u6e08\u3092\u76e3\u8996\u3057\u3001\u56fd\u969b\u53ce\u652f\u5371\u6a5f\u306b\u9665\u3063\u305f\u56fd\u306b\u878d\u8cc7\u3092\u884c\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">World Bank<\/div>\n<div class=\"ja\">\u4e16\u754c\u9280\u884c<\/div>\n<div class=\"df\">\u9014\u4e0a\u56fd\u306e\u8ca7\u56f0\u524a\u6e1b\u3068\u6301\u7d9a\u53ef\u80fd\u306a\u6210\u9577\u3092\u76ee\u7684\u3068\u3059\u308b\u56fd\u969b\u6a5f\u95a2\u3002\u9577\u671f\u306e\u878d\u8cc7\u3084\u6280\u8853\u652f\u63f4\u3092\u901a\u3058\u3066\u3001\u30a4\u30f3\u30d5\u30e9\u6574\u5099\u306a\u3069\u306e\u958b\u767a\u3092\u652f\u63f4\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">World Trade Organization (WTO)<\/div>\n<div class=\"ja\">\u4e16\u754c\u8cbf\u6613\u6a5f\u95a2\uff08WTO\uff09<\/div>\n<div class=\"df\">\u591a\u56fd\u9593\u8cbf\u6613\u4f53\u5236\u306e\u6cd5\u7684\u30fb\u5236\u5ea6\u7684\u306a\u57fa\u76e4\u3092\u62c5\u3046\u56fd\u969b\u6a5f\u95a2\u3002\u8cbf\u6613\u30eb\u30fc\u30eb\u306e\u7b56\u5b9a\u3068\u904b\u7528\u3001\u52a0\u76df\u56fd\u9593\u306e\u8cbf\u6613\u7d1b\u4e89\u306e\u89e3\u6c7a\u3092\u884c\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Geopolitical Risk<\/div>\n<div class=\"ja\">\u5730\u653f\u5b66\u30ea\u30b9\u30af<\/div>\n<div class=\"df\">\u56fd\u5bb6\u306a\u3069\u306e\u30a2\u30af\u30bf\u30fc\u9593\u306e\u7dca\u5f35\u3084\u884c\u52d5\u304c\u3001\u5e73\u548c\u306a\u56fd\u969b\u95a2\u4fc2\u3092\u640d\u306a\u3046\u30ea\u30b9\u30af\u3002\u30a4\u30d9\u30f3\u30c8\u30fb\u30ea\u30b9\u30af\u3001\u5916\u751f\u7684\u30ea\u30b9\u30af\u3001\u30c6\u30fc\u30de\u578b\u30ea\u30b9\u30af\u306e3\u7a2e\u985e\u306b\u5206\u3051\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Velocity of Geopolitical Risk<\/div>\n<div class=\"ja\">\u5730\u653f\u5b66\u30ea\u30b9\u30af\u306e\u30d9\u30ed\u30b7\u30c6\u30a3\uff08\u5f71\u97ff\u306e\u901f\u3055\uff09<\/div>\n<div class=\"df\">\u5730\u653f\u5b66\u30ea\u30b9\u30af\u304c\u5e02\u5834\u3084\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u901f\u3055\u3002\u9ad8\u3051\u308c\u3070\u77ed\u671f\u7684\u306a\u5e02\u5834\u306e\u6025\u5909\u3068\u3057\u3066\u3001\u4f4e\u3051\u308c\u3070\u9577\u671f\u306b\u308f\u305f\u308b\u4e8b\u696d\u74b0\u5883\u3084\u8cc7\u672c\u30b3\u30b9\u30c8\u3078\u306e\u5f71\u97ff\u3068\u3057\u3066\u8868\u308c\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm6\">LM6 International Trade\uff08\u56fd\u969b\u8cbf\u6613\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm6\/\">LM6 \u56fd\u969b\u8cbf\u6613<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Comparative Advantage<\/div>\n<div class=\"ja\">\u6bd4\u8f03\u512a\u4f4d<\/div>\n<div class=\"df\">\u3042\u308b\u8ca1\u3092\u4ed6\u56fd\u3088\u308a\u76f8\u5bfe\u7684\u306b\u4f4e\u3044\u6a5f\u4f1a\u8cbb\u7528\u3067\u751f\u7523\u3067\u304d\u308b\u3053\u3068\u3002\u5404\u56fd\u304c\u6bd4\u8f03\u512a\u4f4d\u306e\u3042\u308b\u8ca1\u306b\u7279\u5316\u3057\u3066\u4ea4\u63db\u3059\u308b\u3053\u3068\u3067\u3001\u53cc\u65b9\u304c\u8cbf\u6613\u304b\u3089\u5229\u76ca\u3092\u5f97\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Heckscher\u2013Ohlin Model<\/div>\n<div class=\"ja\">\u30d8\u30af\u30b7\u30e3\u30fc\uff1d\u30aa\u30ea\u30fc\u30f3\u30fb\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u5404\u56fd\u306e\u52b4\u50cd\u3084\u8cc7\u672c\u306a\u3069\u306e\u751f\u7523\u8981\u7d20\u306e\u8ce6\u5b58\u91cf\u306e\u9055\u3044\u304c\u6bd4\u8f03\u512a\u4f4d\u306e\u6e90\u6cc9\u3067\u3042\u308b\u3068\u3059\u308b\u8cbf\u6613\u7406\u8ad6\u3002\u8c4a\u5bcc\u306a\u751f\u7523\u8981\u7d20\u3092\u96c6\u7d04\u7684\u306b\u4f7f\u3046\u8ca1\u3092\u8f38\u51fa\u3059\u308b\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Tariff<\/div>\n<div class=\"ja\">\u95a2\u7a0e<\/div>\n<div class=\"df\">\u8f38\u5165\u54c1\u306b\u8ab2\u3055\u308c\u308b\u7a0e\u3002\u56fd\u5185\u4fa1\u683c\u3092\u62bc\u3057\u4e0a\u3052\u3066\u56fd\u5185\u751f\u7523\u3092\u5897\u3084\u3057\u8f38\u5165\u3092\u6e1b\u3089\u3059\u304c\u3001\u6d88\u8cbb\u8005\u4f59\u5270\u306e\u6e1b\u5c11\u304c\u751f\u7523\u8005\u4f59\u5270\u3068\u95a2\u7a0e\u53ce\u5165\u306e\u5897\u52a0\u3092\u4e0a\u56de\u308a\u3001\u6b7b\u8377\u91cd\u304c\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Import Quota<\/div>\n<div class=\"ja\">\u8f38\u5165\u5272\u5f53<\/div>\n<div class=\"df\">\u4e00\u5b9a\u671f\u9593\u306b\u8f38\u5165\u3067\u304d\u308b\u6570\u91cf\u306b\u4e0a\u9650\u3092\u8a2d\u3051\u308b\u8cbf\u6613\u5236\u9650\u3002\u56fd\u5185\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3001\u305d\u308c\u306b\u3088\u308a\u751f\u3058\u308b\u5272\u5f53\u30ec\u30f3\u30c8\u306f\u8f38\u5165\u30e9\u30a4\u30bb\u30f3\u30b9\u306e\u4fdd\u6709\u8005\u306b\u5e30\u5c5e\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Voluntary Export Restraint (VER)<\/div>\n<div class=\"ja\">\u8f38\u51fa\u81ea\u4e3b\u898f\u5236\uff08VER\uff09<\/div>\n<div class=\"df\">\u8f38\u51fa\u56fd\u304c\u81ea\u3089\u306e\u8f38\u51fa\u91cf\u3092\u5236\u9650\u3059\u308b\u8cbf\u6613\u5236\u9650\u3002\u8f38\u5165\u56fd\u5074\u306e\u56fd\u5185\u4fa1\u683c\u306f\u4e0a\u6607\u3057\u3001\u305d\u308c\u306b\u3088\u308b\u30ec\u30f3\u30c8\u306f\u5916\u56fd\u306e\u8f38\u51fa\u696d\u8005\u306b\u5e30\u5c5e\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Export Subsidy<\/div>\n<div class=\"ja\">\u8f38\u51fa\u88dc\u52a9\u91d1<\/div>\n<div class=\"df\">\u653f\u5e9c\u304c\u8f38\u51fa1\u5358\u4f4d\u3054\u3068\u306b\u8f38\u51fa\u696d\u8005\u3078\u652f\u6255\u3046\u88dc\u52a9\u91d1\u3002\u8f38\u51fa\u304c\u5897\u3048\u308b\u4e00\u65b9\u3067\u56fd\u5185\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3001\u88dc\u52a9\u91d1\u306f\u653f\u5e9c\u304c\u8ca0\u62c5\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Free Trade Area<\/div>\n<div class=\"ja\">\u81ea\u7531\u8cbf\u6613\u5730\u57df<\/div>\n<div class=\"df\">\u52a0\u76df\u56fd\u9593\u306e\u95a2\u7a0e\u306a\u3069\u306e\u8cbf\u6613\u969c\u58c1\u3092\u64a4\u5ec3\u3059\u308b\u5730\u57df\u8cbf\u6613\u5354\u5b9a\u3002\u57df\u5916\u306e\u56fd\u306b\u5bfe\u3059\u308b\u8cbf\u6613\u653f\u7b56\u306f\u5404\u52a0\u76df\u56fd\u304c\u72ec\u81ea\u306b\u6c7a\u3081\u308b\u70b9\u3067\u95a2\u7a0e\u540c\u76df\u3068\u7570\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Customs Union<\/div>\n<div class=\"ja\">\u95a2\u7a0e\u540c\u76df<\/div>\n<div class=\"df\">\u52a0\u76df\u56fd\u9593\u306e\u8cbf\u6613\u969c\u58c1\u3092\u64a4\u5ec3\u3057\u305f\u3046\u3048\u3067\u3001\u57df\u5916\u306e\u56fd\u306b\u5bfe\u3057\u3066\u5171\u901a\u306e\u95a2\u7a0e\u306a\u3069\u306e\u8cbf\u6613\u653f\u7b56\u3092\u63a1\u308b\u5730\u57df\u8cbf\u6613\u5354\u5b9a\u3002\u81ea\u7531\u8cbf\u6613\u5730\u57df\u3088\u308a\u7d71\u5408\u304c\u4e00\u6bb5\u6df1\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Common Market<\/div>\n<div class=\"ja\">\u5171\u540c\u5e02\u5834<\/div>\n<div class=\"df\">\u95a2\u7a0e\u540c\u76df\u306b\u52a0\u3048\u3066\u3001\u52b4\u50cd\u3084\u8cc7\u672c\u306a\u3069\u306e\u751f\u7523\u8981\u7d20\u306e\u52a0\u76df\u56fd\u9593\u3067\u306e\u81ea\u7531\u306a\u79fb\u52d5\u3092\u8a8d\u3081\u308b\u5730\u57df\u7d71\u5408\u3002\u3055\u3089\u306b\u7d4c\u6e08\u5236\u5ea6\u30fb\u653f\u7b56\u306e\u5354\u8abf\u307e\u3067\u9032\u3081\u305f\u3082\u306e\u304c\u7d4c\u6e08\u540c\u76df\u3067\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Trade Diversion<\/div>\n<div class=\"ja\">\u8cbf\u6613\u8ee2\u63db<\/div>\n<div class=\"df\">\u5730\u57df\u8cbf\u6613\u570f\u306e\u5f62\u6210\u306b\u3088\u308a\u3001\u57df\u5916\u306e\u4f4e\u30b3\u30b9\u30c8\u306e\u8f38\u5165\u304c\u57df\u5185\u306e\u9ad8\u30b3\u30b9\u30c8\u306e\u8f38\u5165\u306b\u7f6e\u304d\u63db\u308f\u308b\u52b9\u679c\u3002\u57df\u5185\u306e\u8f38\u5165\u304c\u9ad8\u30b3\u30b9\u30c8\u306e\u56fd\u5185\u751f\u7523\u3092\u7f6e\u304d\u63db\u3048\u308b\u8cbf\u6613\u5275\u51fa\u3068\u5bfe\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm7\">LM7 Capital Flows and the FX Market\uff08\u8cc7\u672c\u30d5\u30ed\u30fc\u3068\u70ba\u66ff\u5e02\u5834\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm7\/\">LM7 \u8cc7\u672c\u30d5\u30ed\u30fc\u3068\u70ba\u66ff\u5e02\u5834<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Base Currency<\/div>\n<div class=\"ja\">\u57fa\u6e96\u901a\u8ca8<\/div>\n<div class=\"df\">\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u8868\u8a18\u3067\u30011\u5358\u4f4d\u3042\u305f\u308a\u306e\u4fa1\u5024\u304c\u8868\u793a\u3055\u308c\u308b\u5074\u306e\u901a\u8ca8\u3002A\/B\u306e\u8868\u8a18\u3067\u306fB\u304c\u57fa\u6e96\u901a\u8ca8\u306b\u3042\u305f\u308a\u3001\u305d\u306e1\u5358\u4f4d\u3092\u8cb7\u3046\u306e\u306b\u5fc5\u8981\u306a\u901a\u8ca8A\u306e\u91cf\u3092\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Price Currency<\/div>\n<div class=\"ja\">\u4fa1\u683c\u901a\u8ca8<\/div>\n<div class=\"df\">\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u8868\u8a18\u3067\u3001\u57fa\u6e96\u901a\u8ca81\u5358\u4f4d\u306e\u4fa1\u683c\u3092\u8868\u3059\u306e\u306b\u4f7f\u308f\u308c\u308b\u5074\u306e\u901a\u8ca8\u3002A\/B\u306e\u8868\u8a18\u3067\u306fA\u304c\u4fa1\u683c\u901a\u8ca8\u306b\u3042\u305f\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Real Exchange Rate<\/div>\n<div class=\"ja\">\u5b9f\u8cea\u70ba\u66ff\u30ec\u30fc\u30c8<\/div>\n<div class=\"df\">\u540d\u76ee\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u81ea\u56fd\u3068\u5916\u56fd\u306e\u7269\u4fa1\u6c34\u6e96\u3067\u8abf\u6574\u3057\u305f\u30ec\u30fc\u30c8\u3002\u4e21\u56fd\u306e\u8ca1\u306e\u76f8\u5bfe\u7684\u306a\u4fa1\u683c\u3001\u3059\u306a\u308f\u3061\u76f8\u5bfe\u7684\u306a\u8cfc\u8cb7\u529b\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Dollarization<\/div>\n<div class=\"ja\">\u30c9\u30eb\u5316<\/div>\n<div class=\"df\">\u81ea\u56fd\u72ec\u81ea\u306e\u6cd5\u5b9a\u901a\u8ca8\u3092\u6301\u305f\u305a\u3001\u7c73\u30c9\u30eb\u306a\u3069\u4ed6\u56fd\u306e\u901a\u8ca8\u3092\u6cd5\u5b9a\u901a\u8ca8\u3068\u3057\u3066\u4f7f\u7528\u3059\u308b\u70ba\u66ff\u5236\u5ea6\u3002\u81ea\u56fd\u306e\u72ec\u7acb\u3057\u305f\u91d1\u878d\u653f\u7b56\u306f\u653e\u68c4\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Currency Board Arrangement<\/div>\n<div class=\"ja\">\u30ab\u30ec\u30f3\u30b7\u30fc\u30fb\u30dc\u30fc\u30c9\u5236<\/div>\n<div class=\"df\">\u81ea\u56fd\u901a\u8ca8\u3092\u7279\u5b9a\u306e\u5916\u8ca8\u306b\u56fa\u5b9a\u30ec\u30fc\u30c8\u3067\u4ea4\u63db\u3059\u308b\u3053\u3068\u3092\u6cd5\u7684\u306b\u7d04\u675f\u3057\u3001\u767a\u884c\u3059\u308b\u81ea\u56fd\u901a\u8ca8\u3092\u5916\u8ca8\u6e96\u5099\u3067\u5168\u984d\u88cf\u4ed8\u3051\u308b\u70ba\u66ff\u5236\u5ea6\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Crawling Peg<\/div>\n<div class=\"ja\">\u30af\u30ed\u30fc\u30ea\u30f3\u30b0\u30fb\u30da\u30c3\u30b0<\/div>\n<div class=\"df\">\u56fa\u5b9a\u76f8\u5834\u306e\u57fa\u6e96\u30ec\u30fc\u30c8\u3092\u3001\u81ea\u56fd\u3068\u76f8\u624b\u56fd\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u5dee\u306a\u3069\u306b\u5fdc\u3058\u3066\u5c0f\u523b\u307f\u304b\u3064\u5b9a\u671f\u7684\u306b\u8abf\u6574\u3057\u3066\u3044\u304f\u70ba\u66ff\u5236\u5ea6\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Managed Floating Exchange Rate<\/div>\n<div class=\"ja\">\u7ba1\u7406\u5909\u52d5\u76f8\u5834\u5236<\/div>\n<div class=\"df\">\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u57fa\u672c\u7684\u306b\u5e02\u5834\u306b\u59d4\u306d\u3064\u3064\u3001\u660e\u793a\u7684\u306a\u76ee\u6a19\u6c34\u6e96\u3092\u5b9a\u3081\u305a\u306b\u5f53\u5c40\u304c\u4ecb\u5165\u3057\u3066\u5909\u52d5\u3092\u3042\u308b\u7a0b\u5ea6\u7ba1\u7406\u3059\u308b\u70ba\u66ff\u5236\u5ea6\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Capital Restrictions<\/div>\n<div class=\"ja\">\u8cc7\u672c\u898f\u5236<\/div>\n<div class=\"df\">\u653f\u5e9c\u304c\u56fd\u5883\u3092\u8d8a\u3048\u308b\u8cc7\u672c\u306e\u6d41\u5165\u30fb\u6d41\u51fa\u3092\u5236\u9650\u3059\u308b\u63aa\u7f6e\u3002\u5371\u6a5f\u6642\u306e\u8cc7\u672c\u9003\u907f\u306e\u9632\u6b62\u3001\u56fa\u5b9a\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u7dad\u6301\u3001\u6226\u7565\u7684\u7523\u696d\u306e\u4fdd\u8b77\u306a\u3069\u3092\u76ee\u7684\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-econ-g-lm8\">LM8 Exchange Rate Calculations\uff08\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u8a08\u7b97\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-econ-lm8\/\">LM8 \u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u8a08\u7b97<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cross Rate<\/div>\n<div class=\"ja\">\u30af\u30ed\u30b9\u30ec\u30fc\u30c8<\/div>\n<div class=\"df\">\u5e02\u5834\u3067\u76f4\u63a5\u63d0\u793a\u3055\u308c\u3066\u3044\u306a\u30442\u901a\u8ca8\u9593\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3002\u7c73\u30c9\u30eb\u306a\u3069\u5171\u901a\u306e\u7b2c3\u901a\u8ca8\u306b\u5bfe\u3059\u308b2\u3064\u306e\u63d0\u793a\u30ec\u30fc\u30c8\u3092\u639b\u3051\u5408\u308f\u305b\u3066\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Triangular Arbitrage<\/div>\n<div class=\"ja\">\u4e09\u89d2\u88c1\u5b9a<\/div>\n<div class=\"df\">3\u3064\u306e\u901a\u8ca8\u9593\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u306b\u4e0d\u6574\u5408\u304c\u3042\u308b\u3068\u304d\u3001\u305d\u308c\u3089\u3092\u9806\u306b\u4ea4\u63db\u3057\u3066\u7121\u30ea\u30b9\u30af\u306e\u5229\u76ca\u3092\u5f97\u308b\u53d6\u5f15\u3002\u63d0\u793a\u3055\u308c\u305f\u30af\u30ed\u30b9\u30ec\u30fc\u30c8\u3068\u8a08\u7b97\u5024\u306e\u4e56\u96e2\u304c\u6a5f\u4f1a\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Forward Exchange Rate<\/div>\n<div class=\"ja\">\u30d5\u30a9\u30ef\u30fc\u30c9\u70ba\u66ff\u30ec\u30fc\u30c8<\/div>\n<div class=\"df\">\u5c06\u6765\u306e\u7279\u5b9a\u306e\u65e5\u306b\u901a\u8ca8\u3092\u4ea4\u63db\u3059\u308b\u305f\u3081\u306b\u3001\u73fe\u6642\u70b9\u3067\u53d6\u308a\u6c7a\u3081\u308b\u70ba\u66ff\u30ec\u30fc\u30c8\u3002\u30b9\u30dd\u30c3\u30c8\u30fb\u30ec\u30fc\u30c8\u3068\u4e21\u901a\u8ca8\u306e\u91d1\u5229\u5dee\u3001\u5951\u7d04\u671f\u9593\u306b\u3088\u3063\u3066\u6c7a\u307e\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Forward Points<\/div>\n<div class=\"ja\">\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30dd\u30a4\u30f3\u30c8\uff08\u30b9\u30ef\u30c3\u30d7\u30fb\u30dd\u30a4\u30f3\u30c8\uff09<\/div>\n<div class=\"df\">\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30ec\u30fc\u30c8\u3068\u30b9\u30dd\u30c3\u30c8\u30fb\u30ec\u30fc\u30c8\u306e\u5dee\u3092\u3001\u901a\u5e38\u306f\u5c0f\u6570\u70b9\u7b2c4\u4f4d\u30921\u5358\u4f4d\u3068\u3057\u3066\u8868\u3057\u305f\u3082\u306e\u3002\u30b9\u30dd\u30c3\u30c8\u30fb\u30ec\u30fc\u30c8\u306b\u52a0\u6e1b\u3057\u3066\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30ec\u30fc\u30c8\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Covered Interest Rate Parity<\/div>\n<div class=\"ja\">\u30ab\u30d0\u30fc\u4ed8\u304d\u91d1\u5229\u5e73\u4fa1<\/div>\n<div class=\"df\">\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u30d5\u30a9\u30ef\u30fc\u30c9\u3067\u30d8\u30c3\u30b8\u3057\u305f\u5834\u5408\u3001\u3069\u3061\u3089\u306e\u901a\u8ca8\u3067\u904b\u7528\u3057\u3066\u3082\u540c\u3058\u30ea\u30bf\u30fc\u30f3\u306b\u306a\u308b\u3068\u3044\u3046\u7121\u88c1\u5b9a\u6761\u4ef6\u3002\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30ec\u30fc\u30c8\u3068\u91d1\u5229\u5dee\u306e\u95a2\u4fc2\u3092\u898f\u5b9a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Forward Premium<\/div>\n<div class=\"ja\">\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30d7\u30ec\u30df\u30a2\u30e0<\/div>\n<div class=\"df\">\u57fa\u6e96\u901a\u8ca8\u306e\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30ec\u30fc\u30c8\u304c\u30b9\u30dd\u30c3\u30c8\u30fb\u30ec\u30fc\u30c8\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u72b6\u614b\u3002\u57fa\u6e96\u901a\u8ca8\u306e\u91d1\u5229\u304c\u4fa1\u683c\u901a\u8ca8\u306e\u91d1\u5229\u3088\u308a\u4f4e\u3044\u3068\u304d\u306b\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Forward Discount<\/div>\n<div class=\"ja\">\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8<\/div>\n<div class=\"df\">\u57fa\u6e96\u901a\u8ca8\u306e\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30ec\u30fc\u30c8\u304c\u30b9\u30dd\u30c3\u30c8\u30fb\u30ec\u30fc\u30c8\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u72b6\u614b\u3002\u57fa\u6e96\u901a\u8ca8\u306e\u91d1\u5229\u304c\u4fa1\u683c\u901a\u8ca8\u306e\u91d1\u5229\u3088\u308a\u9ad8\u3044\u3068\u304d\u306b\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<h2>\u3042\u308f\u305b\u3066\u4f7f\u3044\u305f\u3044\u30da\u30fc\u30b8<\/h2>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-econ-formulas\/\">CFA\u00ae\ufe0e Level 1 Economics \u516c\u5f0f\u96c6\uff08\u8a18\u53f7\u306e\u610f\u5473\u3068\u4f7f\u3044\u3069\u3053\u308d\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-level1-glossary\/\">CFA\u00ae\ufe0e Level 1 \u7528\u8a9e\u96c6\uff08\u5168\u79d1\u76ee\u306e\u4e00\u89a7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-econ\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Economics\uff09<\/a><\/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\u3001\u7528\u8a9e\u3084\u516c\u5f0f\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\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \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<li><a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\" target=\"_blank\" rel=\"noopener\">Level 1 Leveraged Support Course\uff08\u7528\u8a9e\u96c6\u30fb\u516c\u5f0f\u96c6\u306e\u6574\u7406\u8cc7\u6599\u3064\u304d\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Economics\uff08\u7d4c\u6e08\u5b66\uff09\u306e\u91cd\u8981\u7528\u8a9e74\u8a9e\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306e\u5358\u5143\uff08LM\uff09\u5225\u306b\u3001\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u305f\u7528\u8a9e\u96c6\u3067\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":11612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[101],"tags":[],"class_list":["post-11408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11408","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=11408"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11408\/revisions"}],"predecessor-version":[{"id":11529,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11408\/revisions\/11529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11612"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=11408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=11408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=11408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}