The Certified Business Economist (CBE®) Competency Framework outlines the essential skills and knowledge that professionals must acquire to excel in the field of business economics. This framework is designed to ensure that CBE® holders can apply economic principles and quantitative methods to real-world business challenges, driving strategic decision-making and organizational success.

Core Competencies:

1. Economic Analysis and Application

   • Proficiency in understanding and applying economic theories, including microeconomic and macroeconomic concepts, to business strategies.
   • Ability to evaluate market trends, competitive environments, and regulatory impacts on business decisions.

2. Quantitative Skills and Data Interpretation

   • Expertise in using statistical and econometric tools for data analysis, forecasting, and scenario planning.
   • Competence in interpreting complex data sets to inform business strategies and optimize performance.

3. Financial Acumen

   • Strong understanding of financial economics, including capital markets, risk management, and corporate finance.
   • Ability to assess financial risks and returns and make informed recommendations on investments and financial strategies.

4. Strategic Business Decision-Making

   • Ability to integrate economic insights into business strategies for long-term growth and sustainability.
   • Expertise in competitive analysis, resource allocation, and optimizing organizational performance.

5. Global Perspective

   • Knowledge of global trade, international economics, and the impacts of global economic policies on business operations.
   • Understanding of how international market trends and regulatory environments affect businesses in different regions.

6. Communication and Leadership

   • Ability to clearly communicate complex economic concepts and data-driven insights to non-economists, including executives and stakeholders.
   • Leadership in guiding economic decision-making within organizations and contributing to strategic planning efforts.

Framework Objectives:

The CBE® Competency Framework is designed to:

• Ensure that certified professionals possess a comprehensive understanding of economic principles.
• Equip them with the tools to analyze data, forecast trends, and offer insights that enhance business decision-making.
• Prepare business economists to address complex challenges in today’s dynamic, globalized economy.

The CBE® Competency Framework is continuously updated to reflect the evolving needs of the business world, ensuring that CBE® holders remain competitive and relevant in their field.