Archives
Development EconomicsEthiopia’s Tigray War, 2020–2022: The Cost of Conflict in a Fast-Growing EconomyEthiopia's real GDP grew by an average of about 9.8% a year in 2010–2019, according to World Bank data.Development EconomicsMyanmar Since the 2021 Coup: Conflict, Sanctions and a Shrinking EconomyReal GDP fell by 9.0% in FY2020/21 and by a further 12.0% in FY2021/22, on the World Bank's April–March fiscal-year series.Development EconomicsSudan’s Civil War, 2023 Onwards: Economic Collapse and FamineReal GDP fell by 23.5% in 2023 and 19.3% in 2024, according to the IMF. The World Bank's estimates are −29.4% and −13.5%.Development EconomicsRussia and Ukraine, 2022 Onwards: Two War Economies and the Sanctions TestUkraine's real GDP fell by 28.8% in 2022. By 2025 it was still 21% smaller than in 2021.Development EconomicsThe Iran Wars of 2025–2026 and the Strait of Hormuz: Oil, Shipping and the Gulf EconomiesAbout 20 million barrels a day of oil, roughly a fifth of world consumption, passed through the Strait of Hormuz in 2024. In September 2026 the…Development EconomicsIsrael and Gaza, 2023–2026: The Economic Cost for Israel, Gaza, the West Bank and the RegionThe Hamas-led attack of 7 October 2023 killed about 1,200 people in Israel, mostly civilians, and 251 people were taken hostage.Development EconomicsPaying for War: Taxes, Borrowing, Money Printing and AidThe United States paid for the First World War with about 58% borrowing from the public, 22% taxes and about 20% money creation, according to economic…Development EconomicsHow War Hits an Economy: A Framework and the Indicators to WatchWorld military spending reached a record $2,887 billion in 2025, about 2.5% of world GDP. It was the 11th year in a row of increases.Mathematical EconomicsProfit Maximisation with Calculus: First and Second Order ConditionsSetting the derivative to zero finds a flat point - but flat points can be maxima or minima, and choosing wrong reverses your answer. The first…StatisticsPaired vs Independent t-test: How to Tell Them ApartSame test name, completely different setups. One question decides it: is each value in group A naturally linked to a specific value in group B? Why…StatisticsZ-Scores and the Normal Distribution: A Plain-English GuideA z-score is how many standard deviations a value sits from the mean — a universal ruler that lets you compare across any scale. The z…StatisticsNull vs Alternative Hypothesis: How to Set Them Up CorrectlySet the hypotheses up wrong and the whole test answers the wrong question. The three rules that never change: hypotheses are about the population not the…

This topic is covered in Economics Made Simple, with practice questions, flashcards and 100 case studies in the bundle.Economics Made Simple Bundle Offer
Get it for $29