Unit2InternationalTradeTheories-byAlice程序.ppt

Unit 2 International Trade Theories Text A Basic Theories of International Trade -by Zuo Anting Outline Learning Objectives Key terms, words and phrases Reading and discussion Learning Objectives to understand the main theoretical explanation for how and why countries trade with each other to learn the factors that determine the pattern of world trade Key terms –Classical Theories of Trade Mercantilism (mercantilist) Trade surplus/deficit Zero-sum game Positive-sum game 正和博弈 The Wealth of Nations Absolute advantage Comparative advantage Words and Phrases subsidize v. monopoly under-cons