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Scott Wolla

IDEAS

CV

Education

Ph.D. Curriculum and Instruction
Saint Louis University

M.A. Economic Education
University of Delaware

M.S. Teacher Education
Bemidji State University

B.S. Social Studies Education
Minnesota State University Moorhead


Contact Info

Phone: (314) 444-8624
Fax: (314) 444-8350
Email: scott.a.wolla@stls.frb.org

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries contact:
Shera Dalin
mediainquiries@stls.frb.org
Phone: (314) 444-3911

Scott A. Wolla

Economic Education Coordinator

Scott Wolla is an economic education coordinator at the Federal Reserve Bank of St. Louis, where he develops economics curricula including lessons, online learning modules, videos, and podcasts. He regularly gives presentations on topics related to economic education. He has published articles in journals such as Journal of Economic Education, The American Economist, and Social Education. He is a past chair of Federal Reserve Education and is a member of the National Association of Economic Educators (NAEE) executive board. In 2020 he received the Bessie B. Moore Service Award from the National Association of Economic Educators (NAEE). Prior to the St. Louis Fed, Scott taught social studies in Minnesota for fourteen years. He currently teaches economics as an adjunct at Washington University in St. Louis.

Selected Publications

"Let's close the gap: Updating the textbook treatment of monetary policy," Journal of Economic Education53:3, p. 232-249, 2022. (with Jane Ihrig) https://doi.org/10.1080/00220485.2022.2075509

"How are Banks and the Fed Linked? Teaching Key Concepts Today," Review of Political Economy, 2022. (with Jane Ihrig and Gretchen Weinbach) https://doi.org/10.1080/09538259.2022.2040906

"Closing the Curriculum Gap by Updating Content Standards and Guidelines for Teaching Monetary Policy," The American Economist, 2022. (with Jane Ihrig) https://doi.org/10.1177/05694345221085678

"The Federal Reserve's Early Response to the COVID-19 Pandemic," Social Education. National Council for the Social Studies, 85(2), pp. 78-80, 2021. (with Jane Ihrig).

"Let's close the gap: Revising Teaching Materials to Reflect How the Federal Reserve Implements Monetary Policy." Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System, 2020. (with Jane Ihrig)

"Closing the Monetary Policy Curriculum Gap: A Primer for Educators Making the Transition to Teaching the Fed's Ample-Reserves Framework." FEDS Notes, Board of Governors of the Federal Reserve System, 2020. (with Jane Ihrig).

"Fixing the ‘Curriculum Lag’ in Economics: The new tools the Fed is using to influence the economy," Social Education, National Council for the Social Studies, 84(2), p. 93-99, 2020.

"A Survey of Federal Reserve Economic Education Programs and Resources," The Journal of Economic Education 51:1, 68-79, 2020. (with Andrew Hill).

"Segmenting Education Content: Long-form vs. Short-form Online Learning Modules," The American Journal of Distance Education, 33(2) pp. 108-119, 2019. (with Diego Méndez-Carbajo).

"The Economics of Artificial Intelligence and Robotics," Social Education. National Council for the Social Studies, 83(2), pp. 83-87, 2019. (with Mark Schug and William Wood)

"The Textbook Treatment of Net Exports: Will the Uninformed Reader Understand?," Journal of Economics Teaching, 3(2), pp. 233-253, 2018.

"One Small Spoonful at a Time: Long-form vs. Short-form Financial Education Learning Modules," Empirische Pädagogik [Empirical Pedagogy], 32(3/4), pp. 401-415, 2018. (with Diego Méndez-Carbajo)

"Yours, Mine, and the Truth: Using a Structured Minimum Wage Debate to Teach Core Economic Principles," The American Economist, 63(2), pp. 245-259, 2018. https://doi.org/10.1177/0569434517736241.

"Evaluating the Effectiveness of an Online Module for Increasing Economic Literacy," Social Studies Research and Practice, Vol. 12 Issue: 2, pp.154-167, 2017; https://doi.org/10.1108/SSRP-04-2017-0014.

"China's Rapid Economic Rise: A New Application of an Old Recipe," Social Education, National Council for the Social Studies, 81(2), pp 93-97, 2017. (with Yi Wen)

"Math and History Connections for Middle School Economics," a chapter in Innovations in Economic Education: Promising Practices for Teachers and Students K-16. Edited by Mary Beth Henning. Published by Routledge, 2016. (with Sara Barnett)

"Why Do We Call it The 'Great' Depression?," a chapter in Teaching theFramework: A Guide to Inquiry-Based Instruction in the Social Studies. Edited by Kathy Swan and John Lee. Published by the National Council for the Social Studies, 2014. (with M. Suiter and B. Flowers)

"Job Market Signaling: An Active Learning Approach for Teaching Education, Income, and Employment," Social Studies Research and Practice, Vol. 9, No. 2, Summer 2014.

Selected St. Louis Fed Publications

"How Does the Fed Use Its Monetary Policy Tools to Influence the Economy?" Page One Economics, Federal Reserve Bank of St. Louis, May 2022. (with Jane Ihrig)

"Teaching the Linkage Between Banks and the Fed: R.I.P. Money Multiplier." Page One Economics, Federal Reserve Bank of St. Louis, September 2021. (with Jane Ihrig and Gretchen Weinbach)

"Making Technical Adjustments: The Difference Between 'Conducting' and 'Implementing' Monetary Policy." Economic Synopses, Federal Reserve Bank of St. Louis, No. 21, 2021. (with Jane Ihrig).

"Inflation Expectations, the Phillips Curve, and the Fed's Dual Mandate." Page One Economics, Federal Reserve Bank of St. Louis, July 2021. (with Jane Ihrig and Ekaterina Peneva)

"COVID-19's Effects on the Economy and the Fed's Response." Page One Economics, Federal Reserve Bank of St. Louis, August 2020. (with Jane Ihrig and Gretchen Weinbach).

"The Fed's New Monetary Policy Tools." Page One Economics, Federal Reserve Bank of St. Louis, August 2020, revised August 2021. (with Jane Ihrig).

"Independence, Accountability, and the Federal Reserve System" Page One Economics, Federal Reserve Bank of St. Louis, May 2020.

"Will Robots Take Our Jobs?" Page One Economics, Federal Reserve Bank of St. Louis, January 2018.

"Does International Trade Create Winners and Losers?" (with Anna Esenther) Page One Economics, Federal Reserve Bank of St. Louis, November 2017.

"Why Are Some Countries Rich and Others Poor?" Page One Economics, Federal Reserve Bank of St. Louis, September 2017.

"International Trade: Making Sense of the Trade Deficit," Page One Economics, Federal Reserve Bank of St. Louis, November 2016.

Honors and Awards

National Association of Economic Educators (NAEE) Bessie B. Moore Service Award, 2020.

Federal Reserve Bank of St. Louis President's Award for Innovation: Women in Economics Symposium and Podcast Series, 2018

Excellence in Financial Literacy Education (EIFLE) Education Program of the Year: Making Personal Finance Decisions, 2017

Emerald Literati Award, Social Studies Research and Practice, Best Paper, 2017

Federal Reserve Bank of St. Louis President's Award for System Leadership: OMWI Leadership: Bringing Economics to Everyone, 2017

3M Economic Educator Excellence Award, Minnesota Council on Economic Education, 2006

High School Social Studies Teacher of the Year, Minnesota Council for the Social Studies, 2006

NASDAQ National Teaching Awards, Midwest Regional Winner, Council on Economic Education, 2005

Innovative Economic Educator Award, Minnesota Council on Economic Education, 2003

Professional Service

Federal Reserve System Economic Education Committee, chair, 2019-2020

National Association of Economic Educators (NAEE), executive committee, 2020-2023

Federal Reserve System Economic Education Committee, vice chair, chair-elect, 2017-2018

Federal Reserve Economic Education Professional Development Committee, co-chair, 2016-2017

Federal Reserve System Economic Education Leads Committee, 2015-present

Feducation Committee Chair, Federal Reserve Bank of St. Louis, 2012-2019

Federal Reserve Economic Education Technology Committee, chair, 2013-2014

Council for Economic Education (CEE) Advisory Committee, 2012-2016

National Association of Economic Educators (NAEE) Professional Development Committee, 2016-present