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Chapter 1 An Introduction to the World Economy and Trade
1£®1 The Development Situation
1£®1£®1 World Trade Volumes and World Trade Composition
1£®1£®1£®1 World Trade Volumes
1£®1£®1£®2 The World Trade Composition
1£®1£®2 Main Trade Participants
1£®1£®2£®1 Total Goods and Services Imports and Exports
1£®1£®2£®2 Goods and Services Imports and Goods and Services Exports
1£®1£®3 Trade Situation in China and the U£®S£®
1£®1£®3£®1 Foreign Trade in China
1£®1£®3£®2 Foreign Trade in the U£®S£®
1£®2 Features of World Economy and Trade
1£®2£®1 The Growth of World Economy and Trade Have Been Slowing Down
1£®2£®2 Trade Participants Differentiated Significantly
1£®2£®3 More High-Tech Products and Information Products Are Traded
1£®2£®4 The Global Value Chain Is Under Reconstruction£» the Cross-Border
E-Commerce Is Growing Rapidly
1£®2£®5 The Trade Protectionism Has Been Rising
1£®2£®6 Developing and Middle-Income Countries Have Been Increasingly
Active
Part I International Trade Theory

Chapter 2 Mercantilism£¬ the Theory of Absolute Advantage£¬ and the Theo-
ry of Comparative Advantage
2£®1 Mercantilism
2£®1£®1 Main Thoughts of Mercantilism
2£®1£®2 Main Policies of Mercantilism
2£®1£®3 Limitations of Mercantilism
Reading 2£®1
2£®2 The Theory of Absolute Advantage
2£®2£®1 Basic Assumptions
2£®2£®2 Absolute Advantage
2£®2£®3 The Theory of Absolute Advantage
2£®2£®4 Limitations of the Theory of Absolute Advantage
Reading 2£®2
2£®3 The Theory of Comparative Advantage
2£®3£®1 Basic Assumptions
2£®3£®2 Opportunity Cost
2£®3£®3 Comparative Advantage
2£®3£®4 Theory of Comparative Advantage
2£®3£®5 Limitations of the Theory of Comparative Advantage
Reading 2£®3
2£®4 Determining the Relative Price with Free Trade
Reading 2£®4

Chapter 3 The Standard Trade Model
3£®1 Production Possibility Frontier £¨PPF£©
Part II International Trade policy