The book "Your First Step Towards Understanding Economics" by Economics Professor Dr. Jassim Sultan was first published in 2009 by Umm Al-Qura Translation and Distribution Foundation in Mansoura, Dakahlia Governorate, Egypt, followed by a second edition in 2010.
This book is a cornerstone of the "Leaders' Tools" series and serves as a contribution to organizing the knowledge framework for the youth of the Renaissance. The author intentionally avoids complex terminology and covers 15 topics, including the science of economics, its types, elements of production, economic cycles, the origins of economics both ancient and modern, major economic theories, supply and demand, three leading economists, gross national product, methods of generating national output, the concept of development, prerequisites for achieving development, economic development theories, and various aspects of money.
This book represents a first step towards understanding economics, providing a comprehensive overview of the basic concepts and major theories in this field. It helps readers understand how economic phenomena affect societies and individuals.
Chapters of the Book:
– The Concept and Types of Economics:
This chapter explains the concept and importance of economics, provides classifications within the field, and clarifies the differences between microeconomics and macroeconomics.
– Major Theories in Economics:
This chapter reviews the primary economic theories, such as capitalism, Marxism, and moderate capitalism, outlining their main ideas and impacts on economies.
– National Output and Economic Status:
This chapter illustrates how national output serves as an indicator of a country's economic condition, explains how it is calculated, and examines the influence of economic circumstances on it.
– Economic Development and Its Importance:
This chapter discusses the concept of economic development, the conditions necessary for its achievement, and the major theories related to economic development.
– Money and the Stock Market:
This chapter explains the concept of money and its economic influence, alongside the concept of the stock market and its role in the financial system.
Conclusion:
The book concludes with a summary of the key concepts and encourages readers to further explore the field of economics and apply what they have learned to real-world economic scenarios.
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