A Note on Teaching the Marshall-Lerner Condition

This article will be of particular interest to teachers of the intermediate course in international economics. It provides a technique for teaching the effect of devaluation on a country's trade balance in a simplified way without dilution of substance. It should serve to bring the Marshall-Ler...

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Veröffentlicht in:	The Journal of economic education 1986, Vol.17 (1), p.52-56
Hauptverfasser:	Appleyard, Dennis R., Field, Alfred J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Algebra Balance of trade Content Articles in Economics Demand curves Economics Elasticity of demand Exports Imports International economics International trade Mathematics Instruction Price elasticity Revenue Teaching conditions Teaching Methods Undergraduate Students
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Beschreibung
Zusammenfassung:	This article will be of particular interest to teachers of the intermediate course in international economics. It provides a technique for teaching the effect of devaluation on a country's trade balance in a simplified way without dilution of substance. It should serve to bring the Marshall-Lerner condition out of the appendix and into the classroom.
ISSN:	0022-0485 2152-4068
DOI:	10.1080/00220485.1986.10845145