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This article is dedicated to the search of the innovative ways to improve the educational system required for the formation of economic competence. The content and the structure of the concept of "economic competence" as a base, integral characteristic of the personal qualities of man, which reflects economic competence, provides an efficient and effective implementation of work in different areas of the economy according to socially accepted legal and moral norms, suggests the presence of managerial abilities, skills in analysis and work results forecasting, the concept of the effective and efficient opportunities for its implementation, professional mobility is specified. Expert economic competence is expressed in the unity of the personal, activity, cognitive spheres of subjects managing in the field of economy. The paper describes the technology of economic competence forming, based on such principles as focus on innovation; the development of systematic thinking, which makes it possible to take decisions at a high level of generality; informatization and also the principles of inter-disciplinary approach and the principles of humanization. The conceptually significant organizational and pedagogical conditions of educational process in the context of the formation of economic competence, an inextricable connection of the economy with all spheres of human activity, methods and techniques to restore the disturbed economic equilibrium in society training, the correction of the economic outlook are identified and justified. The means of economic competence formation are designed. The principal indices, criteria and levels of formation of economic competence of the individual are defined. DOI: 10.5901/mjss.2015.v6n5s3p283

Improvement of the Quality of Education as a Factor of the Improvement of the Effectiveness of Innovation Processes Management in the Economy