The article deals with the issue of teaching students of economic specialities by means of cloud technologies. The author analyses the possibilities of applying Internet services and demonstrates the feasibility of their implementation in education. The primary aim of this research is to examine the influence of Google Classroom tools on the development of students' economic competence. During the pedagogical experiment, the criteria (cognitive, motivational and technological), indicators, and levels (high, sufficient, average and low) of the formation of students' economic competence through Google Classroom were determined. 65 students of the Faculty of Management and Marketing of the National Technical University of Ukraine "Igor Sikorsky Kyiv Polytechnic Institute" took part in the experiment. The results prove that Google Classroom tools allow increasing the level of cognitive activity and motivate students to study economic subjects. The paper demonstrates that the use of Internet resources has a positive effect on the development of technology skills and also favourably promotes the introduction of new methods into the educational process.