National Association for Business Economics facts for kids

The National Association for Business Economics (NABE) is a large group of experts who use economics to understand and solve real-world problems. It includes economists, business leaders, teachers, and government officials. Founded in 1959, NABE helps its members learn and share ideas about how economics works in business. Its main goal is to help people use and understand economics better.

NABE was holding its yearly meeting at a hotel in New York City during the events of September 11, 2001.

NABE members are part of different groups called "round tables." These groups focus on specific areas like finance, health, international business, or technology. Each round table plans online talks and meetings every year. NABE also has local groups and student groups in many cities across the United States.

Who Leads NABE?

Past Presidents of NABE

Many important people have led NABE over the years. Some past presidents include Alan Greenspan, who used to be in charge of the Federal Reserve, and Diane C. Swonk, a well-known economic advisor. Since 2009, Tom Beers has been the executive director of NABE. He is an economist who has worked for different organizations.

Here are some of the past presidents of NABE:

What NABE Does

NABE organizes many activities to help its members and others learn about economics.

• NABE Annual Meeting: This is a big yearly event where people can listen to speakers, join discussions, and meet other professionals. Business leaders, government officials, and investors often attend.
• Economic Policy Conference: Held every spring in Washington, DC, this meeting focuses on how government decisions affect the economy. Leaders from important government groups like the Federal Reserve Board often speak here.
• Online Talks: The different NABE round tables regularly host online talks and phone calls. These sessions cover topics related to their specific areas of interest. Both members and non-members can join these talks.
• Publications: NABE publishes various materials. Its most famous publication is Business Economics, a journal about how economics is used in the real world.
• NABE Surveys: NABE regularly asks its members for their opinions on the economy. The Outlook Survey is very popular. It shares what NABE's expert economists predict for the future of the economy.

Learning and Career Growth

NABE helps people grow their skills and careers in economics.

• Certified Business Economist: NABE offers a special program to become a Certified Business Economist. This involves taking a detailed exam. To qualify, you need a college degree and at least two years of work experience in business economics.
• Econometrics Programs: NABE offers seminars on Econometrics, which is about using math and statistics to study economic data. They have a "Certificate in Applied Econometrics" in the summer and a "Certificate in Time-Series Analysis and Forecasting" in the fall.
• Career Website: NABE has a website that helps people find jobs or employees in the field of economics.

Business Economics Journal

NABE publishes a scholarly journal called Business Economics. It comes out four times a year. This journal shares important information and practical tips for people who use economics in their jobs. It's a key place for discussing solutions to business problems and sharing the best ways to use economic tools.

Adam Smith Award

Since 1982, NABE has given the Adam Smith Award to important economists and policy makers. These are people who have made big contributions to business economics. Some famous winners include Ben Bernanke, a former head of the Federal Reserve, and Paul Krugman, a Princeton University economics professor. Milton Friedman, a Nobel Prize winner in Economics, also received this award.

Paul A. Volcker Lifetime Achievement Award

Every March, NABE gives the Paul A. Volcker Award to a senior policy maker. This award recognizes their amazing work in economic and money policy throughout their career.

Here are some past winners:

See also

• List of economics awards