Export Restrictions and the Food Crisis from the Aplia Blog

A good analysis (cum diagrams) of the food crisis from the Aplia blog. Try to understand the two diagrams. We have spent quite some time on the issue last year as it unfolded but this post can serve as a good review of some basic micro principles and it obviously has connections to development related issues which we will be discussing at greater length later this semester. The post is here. Read it.