Marshall–Lerner Condition Explained | UGC NET Economics 2025 | International Economics

📘 UGC NET DEC 2025 | International Economics – 24
Marshall–Lerner Condition explains when currency depreciation improves a country’s trade balance — one of the most tested concepts in BoP & exchange rate adjustment.

In this video/post, you’ll understand:
✔ Meaning of Marshall–Lerner Condition
✔ Role of export & import price elasticities
✔ Why |Ex| + |Em| 1 is crucial
✔ Depreciation vs trade balance logic
✔ Common PYQ traps (elastic vs inelastic demand)

🔥 Frequently asked in theory + assertion–reason MCQs
📌 Concept-heavy, numerically light but logic-sensitive

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