THE ECONOMY

• PSYCH & THE ECONOMY:

  • How KNOWLEDGE & UNDERSTANDING from psychological RESEARCH may CONTRIBUTE towards our ECONOMIC PROSPERITY
• Stress Research:

  • Can people work effectively?
  • Research on how to cope with workplace stress- useful to companies, productivity would increase 
• Attachment Research:

  • Recent research- importance of children forming multiple attachments (good substitute care in nurseries, by other family members doesn’t have a detrimental impact on social development)
  • Both parents can work
• Psychopathology Research:

  • Research into mental illness
  • How to treat people and get them back into work
• Memory Research:

  • More efficient use of public money
  • E.g. cognitive interview increases the accuracy of eyewitness testimony- better use of police time & resources
• Forensic Psychology Research: 

  • Economical Benefits
  • Cost & Effectiveness of treatments
  • Custodial sentencing (may not lower RECIDIVISM rates) & Restorative Justice (may be more ECONOMICAL)