Problem - What factors are likely to affect the individuals decisions on their daily transport choice and how would they respond to changes in the market.
What Models Would You Use to Show This?
1) What are some of the trends in transport use in Perth and another city in Australia (with evidence).
2) What factors affect individuals' decisions about the type of transport (e.g., private cars, public transport, cycling, car-pooling, taxi, etc.).
3) How do individuals respond to changes (e.g., income, prices of vehicles, petrol prices, parking fees, etc.) in the market?
4) Government/University policies that intend to change your transport choices and its effectiveness. (Commerce, Economics, Microeconomics | ECON2004)