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 solve real-world problems. It includes economists, business leaders, teachers, and government officials from around the world.

NABE was started in 1959. It is one of the groups that belong to the Allied Social Science Associations. NABE's main goal is to help people understand and use economics better.

In 2001, NABE was holding its yearly meeting at the Marriott World Trade Center hotel when the 9/11 attacks happened.

NABE members are part of smaller groups called round tables. These groups focus on different topics like:

• Money and finance
• Health economics
• International business
• Manufacturing
• Real estate and construction
• Small businesses
• Technology

Each round table plans online events and meetings every year. NABE also has local groups and student groups in many cities across the United States.

Who Leads NABE?

Important Leaders

Some famous people have been presidents of NABE. These include Alan Greenspan, who used to lead the Federal Reserve. Another important leader was Diane C. Swonk, an advisor to several government economic groups.

Since 2009, Tom Beers has been NABE's executive director. He was once the chief economist for the Manufactured Housing Institute. He also worked as an economist for the National Association of Realtors and the Bureau of Labor Statistics.

Past Presidents of NABE

Here are some of the past presidents of NABE:

What Does NABE Do?

Annual Meetings and Conferences

• NABE Annual Meeting: This meeting brings together speakers, discussions, and learning sessions. Business leaders, government officials, and investors attend.
• Economic Policy Conference: Held every spring in Washington, DC, this event focuses on how government decisions affect the economy. Leaders from the Federal Reserve Board and other government groups often speak here.

Online Learning and Publications

• Webinars and Teleconferences: Each of NABE's smaller round tables holds online meetings. These sessions cover topics related to their area of interest. Anyone can join these, not just members.
• Publications: NABE publishes many different materials. Their most famous one is a journal called Business Economics.
• NABE Surveys: NABE regularly asks its members for their opinions through surveys. The Outlook Survey is well-known. It shares what NABE's expert economic forecasters think will happen in the economy.

Learning and Career Help

Special Programs

• Certified Business Economist: NABE offers a special program to help people continue their education. It includes a big exam. To join, you need a four-year college degree and two years of work experience in economics.
• Econometrics Certificate Programs: NABE offers seminars on Econometrics, which is about using math and statistics in economics. They offer a Certificate in Applied Econometrics in the summer. In the fall, they offer a Certificate in Time-Series Analysis and Forecasting.
• NABE Career Site: This website helps people find jobs in economics. It also helps employers find skilled workers.

Business Economics Journal

NABE publishes Business Economics, a scholarly journal. It comes out four times a year. The journal covers different parts of applied economics. It helps people who use economics in their jobs. It's a place where experts discuss business problems and share new ideas and tools.

Awards from NABE

Adam Smith Award

Since 1982, NABE has given the Adam Smith Award to important economists and policy makers. This award honors those who have made big contributions to business economics. Some past winners include:

• Ben Bernanke, a former leader of the Federal Reserve (2014)
• Janet Yellen, who was also a leader at the Federal Reserve (2010)
• Paul Krugman, a professor of economics at Princeton University (1995)
• Milton Friedman, a famous economist who won the Nobel Prize in Economics (1989)

Paul A. Volcker Lifetime Achievement Award for Economic Policy

Every March, NABE gives the Paul A. Volcker Award. This award goes to a senior policy maker. It recognizes their great work in economic and money policy throughout their career. Past winners include:

See also

• List of economics awards