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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:
Laura Taylor
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 313-4613

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 traditional lessons, online learning modules, videos, and podcasts. Scott has written chapters and lessons for publications such as Innovations in Economic Education: Promising Practices for Teachers and Students K-16, Focus: Middle School World History, and High School Economics, 3rd Edition. He regularly gives presentations on topics related to social studies and economic education, and his articles have been published in journals such as Social Education and Social Studies Research and Practice. 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

"Evaluating the Effectiveness of an Online Module for Increasing Economic Literacy," Social Studies Research and Practice, Vol. 12, No. 2, (forthcoming, Summer 2017).

"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, 2016 Annual Report, 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. Routledge Publishing, 2016. (with Sara Barnett)

"Considering the Times: Resources for Teaching Economic and Financial Literacy in Light of the Great Recession," Social Education, Vol. 79, No. 2 (March / April 2015), pp 72-75. (with M. Suiter)

"Why Do We Call it The 'Great' Depression?" a chapter in Teaching the C3 Framework: 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)

Applying the Principles. St. Paul: EMC Paradigm Publishing, 2014 (2nd edition).

"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, Vol. 77, No. 2, March/April 2013, pp 68-73.

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

Focus: Middle School World History. Edited by William Bosshardt. Published by the Council for Economic Education, 2011. (with T. Ferrarini, D. Haskell, A. Hill, J. Lopus, B. Meszaros, E. Scahill, and P. VanFossen)

Cobblestone: Discover American History. Chicago: Carus Publishing, May/June 2011. (Contributing editor with M. Suiter)

Page One Economics

"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.

"The Productivity Puzzle," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, March 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.

"International Trade: Why Do People and Nations Trade?," Page One Economics: The Back Story on Front Page Economics Middle School Edition, St. Louis: Federal Reserve Bank of St. Louis, November 2016.

"Why Is It So Difficult to Buy a High-Quality Used Car?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, September 2016.

"Stock Market Investing Strategies: Are You an Active or Passive Investor?," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, April 2016.

"Making Sense of Unemployment Data," Page One Economics: The Back Story on Front Page Economics, St. Louis: Federal Reserve Bank of St. Louis, February 2016.

"College: Learning the Skills To Pay the Bills?" Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, December 2015.

"What's in Your Market Basket" Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, October 2015.

"Falling Oil Prices Create Winners and Losers" Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, May 2015.

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

"Smoothing the Path: Balancing Debt, Income, and Saving for the Future," Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, November 2014.

"Economics and the Environment," Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, September 2014.

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

"The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination," Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, January 2014.

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

"GDP: Does it Measure Up?" Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, May 2013.

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

"Invest in Yourself: Applying an Investment Approach to Education Decisions," Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, February 2013.

"Choices Are Everywhere: Why Can’t We Just Have It All?" Page One Economics: The Back Story on Front Page Economics, Federal Reserve Bank of St. Louis, January 2013.

EconLowdown lessons

Making Personal Finance Decisions (20 lesson personal finance curriculum), co-editor, published by Minnesota Council on Economic Education and Federal Reserve Bank of St. Louis, 2016.

"The Arsenal of Democracy: The United States in WWII," Federal Reserve Bank of St. Louis, 2014.

"The Fed’s Toolbox," with Kris Bertelsen and Princeton Williams, Federal Reserve Bank of St. Louis, 2014. Reprinted in Focus: High School Economics, Council for Economic Education, 2014.

Monetary Policy, an online learning module, with Barb Flowers and Mary Suiter, Federal Reserve Bank of St. Louis, 2013.

Supply and Demand, an online learning module, with Barb Flowers and Mary Suiter, Federal Reserve Bank of St. Louis, 2012.

"The Free Silver Movement and Inflation," Federal Reserve Bank of St. Louis, 2012.

"Constitutionality of a Central Bank," with Mary Suiter. Federal Reserve Bank of St. Louis, 2012.

The Great Inflation, an online learning module, Federal Reserve Bank of St. Louis, 2012.

Soar to Savings, an online learning module, The Federal Reserve Bank of St. Louis, 2011.

Economic Education videos

"Production Possibilies Frontier," [Episode 8] The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2016.

"Gross Domestic Product," [Episode 7] The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2014.

"The Circular Flow," [Episode 6], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2013.

"Externalities," [Episode 5], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2013.

"The Labor Market," [Episode 4], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2013.

"Equilibrium," [Episode 3], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2012.

"Demand," [Episode 2], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2012.

"Supply," [Episode 1], The Economic Lowdown Video Series, Federal Reserve Bank of St. Louis, 2011.

EconLowdown podcast series

"Cost of Production," [Episode 19], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2016. (with Arlington Foster)

"The Business Cycle," [Episode 18], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2016.

"Public Goods," [Episode 17], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2015. (with Andrew Spewak)

"Elasticity of Demand," [Episode 16], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2015.

"Economic Growth," [Episode 15], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2014. (with Hope Benefield)

"Getting 'Real' about Interest Rates," [Episode 14], The Economic Lowdown Podcast Series, St. Louis: Federal Reserve Bank of St. Louis, 2014.

"Teaching the C3 Framework: A Guide to Inquiry Based Instruction in the Social Studies," NCSS Featured Session, NCSS National Conference, Boston, MA, November 21, 2014.

"Money and Inflation," Teach the Teachers Initiative, The American Institute for Economic Research (AIER), June 24, 2014.

"Gross Domestic Product," [Episode 13], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2014.

"Price Signals," [Episode 12], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2012.

"Externalities," [Episode 11], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2011.

"The Labor Market," [Episode 10], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2011.

"Functions of Money," [Episode 9], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2011.

"Market Equilibrium," [Episode 8], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2011.

"Supply," [Episode 7], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2011.

"Demand," [Episode 6], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

"Unemployment," [Episode 5], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

"Inflation," [Episode 4], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

"Self-Interest," [Episode 3], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

"Factors of Production," [Episode 2], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

"Opportunity Cost," [Episode 1], The Economic Lowdown Podcast Series, Federal Reserve Bank of St. Louis, 2010.

Selected Presentations

"What is the Status of Economic Education and Why Should We Care?" Keynote speech at American Institute for Economic Research Teach-the-Teachers Initiative, Federal Reserve Bank of Chicago, Chicago, IL, July 13, 2016.

"Teaching Economics Using Data and Current Topics," Sixth Annual AEA Conference on Teaching and Research in Economic Education (CTREE) , Atlanta, GA, June 2, 2016.

"Teaching the History of Women in the Workforce," National Council for the Social Studies, New Orleans, LA, November 14, 2015.

"Teaching Economics with Current Events in Mind," Council for Economic Education National Conference, St. Petersburg, FL, October 9, 2015.

"The 'Gold Standard' for Teaching High School Economics," 19th Annual Economic Literacy Conference, St. Louis, MO, March 6, 2015.

"Railroads, Roads, and Apple Pie -- Transportation in Children's Literature," Winter Institute, St. Cloud State University, St. Cloud, MN, February 19, 2015.

"Enhancing the Common Core: New Videos from the Federal Reserve," National Council for the Social Studies 93rd Annual Conference, St. Louis, MO, November 23, 2013.

"Teaching the Great Inflation," Federal Reserve System Professional Development Conference, Federal Reserve Bank of St. Louis, November 20, 2013.

"FRED and FRASER for the Classroom," 52nd Annual Financial Literacy and Economic Education Conference, Council on Economic Education, October 3, 2013.

"Page One Economics: The Back Story on Front Page Economics," Your World Economics: Economic Summit, Federal Reserve Bank of Dallas, Dallas, TX, June 18, 2013.

"Investing in Yourself: An Economic Approach to Education Decisions," Governors State University 32nd Annual Spring Conference, The High Cost of College: Is it worth it?, Federal Reserve Bank of Chicago, March 1, 2013.

"Click, Learn, and Teach: Professional Development for Econ Teachers," National Council for the Social Studies 92nd Annual Conference, Seattle, WA, November 16, 2012.

"Globalization and the Fed," 51st Annual Financial Literacy and Economic Education Conference, Council for Economic Education, Kansas City, MO, October 5, 2012.

"Teaching Economics in American History," Federal Reserve Bank of Atlanta, Atlanta, GA, September 7, 2012.

"From Abe Lincoln to Zheng He: History and Literature with an Economic Approach," K-12 Teacher Conference on Financial Literacy, Federal Reserve Bank of Chicago, January 20, 2012.

"Constitutionality of a Central Bank," Conference for System Economic Educators, Federal Reserve Board of Governors, Washington, DC, December 5, 2011.

"Diversify Your Teaching Portfolio: Meeting the Diverse Learning Needs of Your Students," National Council for the Social Studies 91st Annual Conference, Washington, DC, December 3, 2011.

"Personal Finance Education from the St. Louis Fed," National MoneyPOWER Conference for Financial Literacy, New York, NY, November 8, 2011.

"Myths, Tall Tales, and Urban Legends: Facts Behind the Fed," 50th Annual Financial Literacy and Economic Education Conference, Council for Economic Education, Chicago, IL, October 14, 2011.

"Using FRED to Teach Macroeconomics," Conference on Teaching Economics and Personal Finance, University of Minnesota - St. Paul, August 9, 2011.

"The Great Depression," Economic Forces in American History, Foundation for Teaching Economics, presentation given in five locations: Newark, DE (June 24, 2010), San Diego, CA (July 1, 2010), Williamsburg, VA (July 2, 2010), Boston, MA (July 9, 2010), Park City, UT (August 6, 2010).

Professional Memberships, Awards, Service

Professional memberships

American Economics Association (AEA), 2012 - present

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

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

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

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

Awards

AVA Digital Awards, Economic Lowdown Circular Flow video, 2014

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

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

Service and leadership

Federal Reserve Economic Education Leads Committee, vice chair, 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

Federal Reserve System Economic Education Leads Committee, 2015

St. Louis Regional Unbanked Task Force, 2015

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

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

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

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