Implications of Psychological Research for the Economy

Question 1

What are Implications?

Answer 1

How what we learn from from psychological research influences our country’s economic prosperity

Question 2

What is the economy?

Answer 2

State of a region’s activities of producing or consuming goods and services

Question 3

How much does absence from work, mainly due to mental illness, cost the economy a year?

Answer 3

£15 billion

Question 4

How do treatments for mental illnesses (CBT, REBT) from Psychopathology impact the economy?

Answer 4

Workers able to return to work

Question 5

How does research into the role of the father in Attachment impact the economy positively?

Answer 5

Mothers can return to work- maximise their income and effectively contribute to the economy
New employment laws- paid paternity leave

Question 6

How does research into the role of the father in Attachment impact the economy negatively?

Answer 6

Gender pay gap- if mothers return to work and fathers stay at home, families will be worse off
Paternity leave- employers paying for no productivity, funded by employer and the government

Question 7

What is the economic implications of EWT in Memory?

Answer 7

Development of the CI reduces wrongful convictions and so reduces a waste of jail space

However, CI requires specialist training which takes officers out of day to day work and is expensive

Question 8

What are economic implications of the concept of Social Change in Social Influence?

Answer 8

Unions strikes for better working conditions
Environmental campaigns to get companies to reduce their waste and use non-renewable energy