You are applying for a graduate position with a large consulting firm in your country. As part of your application, you will be required to provide analytical answers that reflect your understanding of applied economic theory and modelling. These responses demonstrate your ability to: conduct high-quality research, synthesize complex information and effectively communicate your findings and assessments Use theoretical models and concepts to assess changes in economic conditions Demonstrate the complexities of using fiscal and monetary interventions in the economy This year's Topics are expectations of global recession, policy design and the complexity of forecasting using various models (in particular aggregate expenditure models, money markets, exchange rate markets and IS-LM models). You are required to conduct one research response and 2 case study responses: Research: Global Recession Expectations Case Study 1: Product Market Analysis and Analysis of Interlinkages between Markets (Product Markets, Money Markets, and Foreign Exchange Markets) Using Aggregate Expenditure Models . Case study 2: Policy effectiveness in responding to economic downturns using the IS-LM model