You are applying for a graduate role to a major consultancy firm in your country of residence. As part of the application, you are required to provide analytical responses that reflect your understanding of applied economic theory and modelling. These responses showcase your ability to: undertake quality research, synthesise complex information and effectively communicate your findings and assessment use theoretical modelling and concepts to assess changes in economic conditions demonstrate the complexity of using fiscal and monetary interventions in the economy This year, the theme is the expectation of global recession, policy design and the complexity of forecasting using various models - specifically the Aggregate Expenditure model, the money market, the exchange rate market and the IS-LM model. You are required to undertake a research response and 2 case study responses: Research: global recession expectations Case study 1: Product market analysis using the Aggregate Expenditure model & analysis of the interconnections between markets - product market, money market and the foreign exchange market. Case Study 2: Policy effectiveness in responding to a recession using the IS-LM model