Business and Economics

  • Headshot of Scott Deacle

Scott Deacle

Scott Deacle teaches courses in finance, economics, econometrics, and research methods. He also serves as Business and Economics Department Chair and advises the Ursinus College student-managed investment fund, also known as UCIMCO.

Deacle’s research has covered a variety of topics, mostly related to financial institutions, including the Federal Home Loan Banks, community banks, thrifts, commercial bank ownership of real estate, and the pre-Civil War “free” banking system. A current project examines the impact of firms’ advertising spending and social media presence on retail stock investors’ behavior. As a graduate student at Temple University, he co-authored a graduate-level textbook on economic mechanism design with Professor Dimitrios Diamantaras and three other graduate students. The textbook is called A Toolbox for Mechanism Design (Palgrave, 2011).

In addition to his teaching and research, Deacle provides regularly provides expert commentary to personal finance websites such as NerdWallet, MoneyGeek, and WalletHub. He has also recorded a series of podcasts on the economy with KYW Radio.

Deacle earned a bachelors degree in history from The College of William and Mary and then worked as a reporter at newspapers in Wake Forest, N.C., Danville, Va., Pittsburgh, and Scranton, Pa. He rarely wrote about business or economics but did enjoy reading The Wall Street Journal. After six years in newspapers, Deacle entered graduate school at Temple University, where he earned his PhD in economics.


Business and Economics


  • B.A (History), College of William and Mary
  • M.A. (Economics), Temple University
  • Ph.D. (Economics), Temple University


  • Research Methods
  • Econometrics
  • Introduction to Finance
  • Investments
  • Intermediate Macroeconomics
  • Principles of Microeconomics
  • Principles of Macroeconomics

Research Interests

  • Financial institutions
  • Community lending
  • History of financial institutions
  • Real estate finance
  • Retail investor behavior

Recent Work

“Federal Home Loan Bank advances and bank and thrift holding company risk: Evidence from the stock market.” With Elyas Elyasiani. (2019) Real Estate Economics.

All out, all the time? Evidence of dyanmic effort in Major League Baseball.” With Heather O’Neill. (2019) Applied Economics.

“Caught in the Headlights: Revising the Road Kill Hypothesis of Antebellum Illinois Bank Failures,” with Scott Clayman and Andrew Economopoulos. (2017) Essays in Economic & Business History. Winner, 2017 James Soltow Award for best paper in EEBH.

“Is the Dodd-Frank Act Destroying What is Left of the U.S. Thrift Industry?” (2016) Pennsylvania Economic Review,Vol. 23, Issue 2

“Cost of debt and Federal Home Loan Bank funding at U.S. bank and thrift holding companies.” With Elyas Elyasiani. (2016) Applied Economics, Vol. 48, Issue 50.