Introduction. The transition of the Russian Federation to market economy necessitated economic training of specialists for successful work in the new socio-economic conditions. Methods. The efficiency of economic education is regarded in the context of vocational training, taking into account a set of factors that allow considering economic education as a component of global education. Results. Basing on generally accepted principles of continuing education (basic general education, multilevel structure, diversification, complementarity of general, professional and postgraduate education, versatility, succession, integration of educational structures, flexibility of organizational forms), the authors pay special attention to economic competence drawing on the market economy requirements in the preparation of competitive specialists. Discussion. The principle of economic competence establishes the relationship between knowledge as information and knowledge as an activity necessary to form a competitive specialist with a certain level of economic competence in the course of professional education. Conclusion. Continuing economic education is an obligatory component of continuing vocational education. In the context of market economy, it is focused on the formation of competitive in-demand specialist, possessing necessary economic competences, which are formed in the course of economic training and economic education in vocational education institutions. © Blue Eyes Intelligence Engineering & Sciences Publication.