Aims and methods (as at end of award) : The research was to be conducted jointly by the Centre for Business Strategy and the Centre for Economic Forecasting at the London Business School and the Institute for Fiscal Studies. It was to provide for the related development of microeconomic model in the field and benefits, corporate and industry behaviour, commodity demands, labour supply, interest, closely linked with the LBS forecasting model. It made use of work already done or in progress with both ESRC and other funding, to achieve the development of microeconomic modelling across a broad front. The research aim involved a continuing interrelationship between micro and macro models, which was used to illuminate and refine both specification and parameters of the macroeconomic model for forecasting and policy simulation, and to permit the incorporation of macroeconomic elements into microeconomic models. This strategy, which involves a series of piece meal but simultaneous developments in particular sectors, reflects belief that this is a more fruitful route than the rapid enlargement of the macroeconomic models themselves; a belief based on our own past experience of such cooperation between sectoral and aggregate analysis. We attached considerable importance to the communication of the progress and results of the exercise to a wide audience - academics, government and commercial - and believe that our experience and capabilities are particularly suited to ensuring such effective dissemination. Such dissemination was to take a variety of forms, ranging from the ordinary publication of results in books and articles to special conferences.