This workbook is not a substitute for the material in Testing Macroeconometric Models (MC1 Version), and this material should be read (or at least skimmed) first. Also, you should have familiarity working with the US model before you begin working with the MC1 model. Chapter 1 of this workbook discusses a few practical things you should know when working with the MC1 model, and the rest of the workbook consists of examples using the model. You can skip reading anything but Chapter 1, but you may find the examples helpful in understanding how to use the model.