With the development of the times, the education economy has become the most popular vocabularies in the current era, which mainly represents the economic content related to education. The main reason for its emergence is the current education industry, which can effectively drive the development of the national economy, especially the great benefits brought by education and scientific research, so that the state has to pay attention to it. Under such circumstances, the innovation and development of economic education management is a very important content. At present, it is necessary to use incentive mechanism to make education economic management develop better. But the incentive mechanism is not used in the education economic management, so it is necessary to start with the orientation of the incentive mechanism in the education economic management, and discuss how to better let the incentive mechanism in the educational economy manage play a greater effect. Starting from the specific contents of educational economic management, this paper will explore how to practice the incentive mechanism in educational economic management. In the current era, economists and educators jointly put forward the concept of education economy. The education economy mainly refers to the economic behavior involved in education, such as R & D, investment, profit and so on. To a certain extent, these behaviors can represent the development of education in the study area, and can make the relevant departments or schools make effective adjustments to promote the development of education in schools or regions. Therefore, the education economy is more important for the current education. But the time of education economy is short, our country is not able to manage the education economy better, which leads to the development of education economy is not comprehensive enough. In the current view, in order to better promote the development of education economy, it is necessary to carry out the introduction of incentive mechanism in the management of educational economy so as to make the education economy gain vitality. However, there is no precedent in the introduction of incentive mechanism in the economic management of education, so it is necessary to explore how to introduce incentive mechanism into the educational economy management.