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Scott Wolla

IDEAS

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:
Maria Hasenstab
mediainquiries@stls.frb.org
Phone: (314) 444-8321

Scott A. Wolla

Senior Economic Education Specialist

Scott Wolla is a senior economic education specialist 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. His articles have been published in journals such as The American Economist, Social Education,and Social Studies Research and Practice, and his work has been highlighted in major publications including Bloomberg News, The National Review, and BBC News. Prior to the St. Louis Fed, Scott taught social studies in Minnesota for fourteen years. During that time, he was named High School Social Studies Teacher of the Year (2006) by the Minnesota Council for the Social Studies, and awarded the 3M Economic Educator Excellence Award (2006) and Innovative Economic Educator Award (2003) by the Minnesota Council on Economic Education. He received his Ph.D. in curriculum and instruction from Saint Louis University where he was recognized as the J.J. O'Brien Outstanding Graduate Student.

Selected Publications

"The Textbook Treatment of Net Exports: Will the Uninformed Reader Understand?," Journal of Economics Teaching (forthcoming).

"One small spoonful at a time: Long-form vs. Short-form Financial Education Learning Modules," Empirische Pädagogik [Empirical Pedagogy](with Diego Méndez-Carbajo, forthcoming).

"Would increasing the minimum wage reduce poverty?," a chapter in Teaching C3 Framework with the Inquiry Design Model. Edited by S.G. Grant, John Lee, and Kathy Swan. Published by the National Council for the Social Studies. (with Eva Johnston, forthcoming)

"Federal Reserve Policy: Managing Both Sides of the Dual Mandate," Social Education, National Council for the Social Studies, 82(2), 87-90, 2018. (with Kevin Kliesen)

"Yours, Mine, and the Truth: Using a Structured Minimum Wage Debate to Teach Core Economic Principles," The American Economist, First Published November 8, 2017. 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.

"Invest in Human Capital to Build a Better Future," a chapter in Economic Literacy for Life: Today's Lessons = Tomorrow's Financial Stability and Success, Annual Report 2016, Federal Reserve Bank of St. Louis, 2017.

"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)

"Resources for Teaching Economic and Financial Literacy in Light of the Great Recession." Social Education, National Council for the Social Studies, 79(2), 74-77, 2015. (with M. Suiter)

"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).

"Why Didn't China Discover the New World?," Social Education, National Council for the Social Studies, Vol. 77, No. 2 (March / April 2013), pp 68 - 73.

"Data Literacy Contributes to Critical Thinking: FRED for the Classroom," Social Studies Research and Practice, Vol. 7, No. 4 (Spring 2012). (with K. Cosgrove and M. Suiter)

Selected Page One Economics

"Bitcoin: Money or Financial Investment?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, March 2018.

"Will Robots Take Our Jobs?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, January 2018.

"Does International Trade Create Winners and Losers?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, November 2017.

"Why Are Some Countries Rich and Others Poor?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, September 2017.

"The Economics of Subsidizing Sports Stadiums," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, May 2017.

"Education, Income, and Wealth," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, January 2017.

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

"Is a Strong Dollar Better than a Weak Dollar?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, March 2015.

"Would a Gold Standard Brighten Economic Outcomes?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, January 2015.

"The Economics of Immigration: A Story of Substitutes and Complements," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, May 2014.

"Would Increasing the Minimum Wage Reduce Poverty?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, March 2014.

"What are the 'Ingredients' for Economic Growth?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, September 2013.

"Money and Inflation: A Functional Relationship," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, March 2013.

Leadership and Service

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

THRIVE System Leadership Initiative, October 22-26, 2017

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-present.

St. Louis Regional Unbanked Task Force, 2015 - present

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

National Association of Economic Educators (NAEE) Publications Committee, 2011- 2015

Federal Reserve System Economic Education Technology Committee, 2010- 2014

Federal Reserve Economic Education External Communications Committee, Chair, 2012

Greater St. Louis Financial Education Collaborative, St. Louis, MO, 2011 - 2012

Honors and Awards

President's Award for System Leadership, OMWI Leadership: Bringing Economics to Everyone, 2017

J.J. O'Brien Award for Outstanding Graduate Student, Saint Louis University, 2016

GSA Research Excellence Award, Social Science Paper, 2nd Place, Saint Louis University, 2013

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

Hibbing United Educators Teacher of the Year, 2006

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

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

Economic Education Study Tour, Moscow, Russia, 2003

Curriculum Awards

NAEE Curriculum Awards, Gold Award, Making Personal Finance Decisions, 2017

NAEE Curriculum Awards, Gold Award, Page One: The Productivity Puzzle, 2017

NAEE Curriculum Awards, Silver Award, Production Possibilities Video, 2017

EIFLE Award, Education Program of the Year, Making Personal Finance Decisions, 2017

NAEE Curriculum Awards, Gold Award, The Great Inflation, 2016

NAEE Curriculum Awards, Gold Award, Page One Economics: The Gold Standard, 2016

NAEE Curriculum Awards, Gold Award, Supply and Demand Online Course, 2015

NAEE Curriculum Awards, Gold Award, The Free Silver Movement and Inflation, 2015

NAEE Curriculum Awards, Gold Award, The Arsenal of Democracy, 2015

NAEE Curriculum Awards, Silver Award, Economic Lowdown Circular Flow video, 2015

AVA Digital Awards, Gold Award, Economic Lowdown Circular Flow video, 2014

Professional Membership

American Economic Association (AEA), 2012 - present

National Association of Economic Educators (NAEE), 2010 - present

National Council for the Social Studies (NCSS), 2010 - present

College and University Faculty Assembly (CUFA), 2014 - present

Global Association of Teachers of Economics (GATE), 2003 - 2014

International Society of Technology in Education (ISTE), 2010 - 2014


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