Unit 1 Micro: Rice market intervention

A good example to discuss of government intervention into agricultural markets - in this case Thailand’s government have intervened in the market to buy unmilled rice at 15,000 Thai baht per metric tonne, which is a 50% premium on the current market rate. A good discussion of the possible impacts can be found, with a discussion of the economic rationale/consequences of it, here.

Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 1 Micro: Ban on cigarette display advertising [12 Apr 2012]
Fat tax: Denmark [5 Oct 2011]
Alcohol information failure [13 Jan 2010]
Scots may lead the way in setting minimum price for alcohol [29 Sep 2009]
Are the Japanese the latest victims of a strengthening currency? [28 Sep 2009]
Government legislation week [1 Sep 2009]
USA triples the tax on cigarettes [3 Apr 2009]
Currency Wars? [13 Mar 2009]
Devaluation and salvation? [16 Dec 2008]
FT Graphic on Government Intervention [14 Oct 2008]
Aspects of Nationalisation - Debt and Free Markets [14 Oct 2008]
B2BB - Back to Banking Basics [10 Oct 2008]
Two superb FT graphics [9 Oct 2008]

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