nunostreet Posted November 17, 2014 Report Share Posted November 17, 2014 Hello guys, I was given this article (http://www.bbc.com/news/health-29175088) to write my Microeconomics IA on, and I need some help in turning this article into a economics commentary. any suggestions of what i should talk about here? thanks! Reply Link to post Share on other sites More sharing options...
Nya. Posted November 17, 2014 Report Share Posted November 17, 2014 You could talk about how the demand for cars decreases when more people will go by bike and how this will have an effect on the car industry. But you could also talk about how the demand for bikes will increase.Hope this will help you! 1 Reply Link to post Share on other sites More sharing options...
anniehilator Posted November 17, 2014 Report Share Posted November 17, 2014 (edited) You could possibly discuss something associated with demand/the determinants of demand for cars and/or public transportation. For example, the article mentions how policies are encouraging people to leave their cars at home for the sake of their wellbeing, so you could touch on how this may have an impact on/decrease the demand for cars overall. In turn, the demand for substitute transportation services, such as busses or rail etc is likely to rise. Edited November 17, 2014 by anniehilator 1 Reply Link to post Share on other sites More sharing options...
King112 Posted November 19, 2014 Report Share Posted November 19, 2014 You could possibly discuss something associated with demand/the determinants of demand for cars and/or public transportation. For example, the article mentions how policies are encouraging people to leave their cars at home for the sake of their wellbeing, so you could touch on how this may have an impact on/decrease the demand for cars overall. In turn, the demand for substitute transportation services, such as busses or rail etc is likely to rise.In addition, you can talk about positive or negative externalities with biking, for the society. And maybe about the Marginal Social cost or Benefit.I also think it is worth talking about stuff like how this stuff can help the whole economy, like people's ability to work etc.Hope I helped Reply Link to post Share on other sites More sharing options...
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