Implications of Psychological Research on the Economy

• What do the 'implications that research has' refer to?


  How we learn from psycholigcal research influecnes our country's economic prosperity.
• Define the economy in terms of psychology?

  The stae of the region's activities of producing/ consuming goods &services
• How does pschological research benefit the economy?


  By research presenting solutions to mental illnesses so psychological research is important for the economy
• How much does absence from work cost the economy yearly?

  £15 billion due to mental illness (stress, anxiety)
• How does psychopathology treatments (CBT, drug therapy for OCD) impact the economy?


  It allows employees to return to work/ unemployed but economically active people to find a job
• How does attachment (role of the father & Tiffany Field 1978) impact the economy?

  • It allows mothers to return to work as Field found that fathers can take on the role of being a caregiver
  • More flexible working arrangements within families
  • Therefore, they can maximise their income and effectively contribute to the economy
• Hoe does social influence (minority influences, appealing to NSI, disobidient models) impact the economy?


  • Allows for health campaigns
  • Unions strikes make working condtitions better
  • Environmental campaigns - such as trade pollution permits to limit amount of air pollution released into the atmosphere
• How does the topic of memory (leading questions & post event discussion affecting eye witness testimony) impact the economy?


  It led to the police using the cognitive interview, reducing wrongful convictions hence reducing the waste of money and capacity of prison cells