Introduction:
Case studies are an integral part of Economics Optional as they help students understand how economic theories and models are applied in real-world situations. By analyzing case studies, students can relate economic theories to practical scenarios and gain a deeper understanding of economic concepts. In this response, we will discuss how to effectively relate case studies to economic theories and models in Economics Optional.

1. Understand the Economic Theory:
Before relating a case study to an economic theory, it is important to have a thorough understanding of the theory itself. This includes understanding the underlying assumptions, concepts, and predictions of the theory. This will provide a framework for analyzing the case study and applying the theory.

2. Analyze the Case Study:
Carefully read and analyze the case study to identify the economic issues or problems it presents. Look for relevant data, facts, and figures that can be used to assess the situation. Identify the key stakeholders, their motivations, and the economic variables at play.

3. Relate the Case Study to the Economic Theory:
Once the case study has been analyzed, it is time to relate it to the economic theory. Consider how the theory can explain or provide insights into the economic issues or problems presented in the case study. Look for similarities between the case study and the assumptions, concepts, or predictions of the theory.

4. Apply the Economic Model:
After relating the case study to the economic theory, it is important to apply the relevant economic model to further analyze the situation. Economic models provide a simplified representation of real-world phenomena and can help in understanding the causal relationships between variables. Identify the relevant variables and relationships in the economic model and apply them to the case study.

5. Draw Conclusions and Make Recommendations:
Based on the analysis of the case study using the economic theory and model, draw conclusions and make recommendations. Assess the implications of the theory and model in the given context and provide insights into possible solutions or policy interventions.

Conclusion:
Relating case studies to economic theories and models is a crucial skill for students of Economics Optional. By understanding the theory, analyzing the case study, applying the economic model, and drawing conclusions, students can effectively relate economic concepts to real-world scenarios. This helps in developing a deeper understanding of economic theories and their practical implications.