Psychology in the economy

• How might memory research/studies effect our economy?

  • Energy and money spent on the cognitive interview
  • Improves crime detections
  • There is fewer wrongful convictions because of the cognitive interview
  • Memory aids help people stay at work for longer
• How might attachment research/studies effect our economy?

  • Bowlby's theory opened the eyes of the world to the importance of emotional care in early child development
  • Parents are now able to share childcare responsibilities - shared parental leave, flexible working hours
  • Families can maximise their family income + contribute to the economy
• How might social change research studies effect the economy?

  • Campaigns to reduce drink driving - social change through majority influence
  • Positive effects/changes that will affect the economy
• How might psychopathology research/studies effect the economy?

  • Effective drug therapies and psychotherapies
  • Helps individuals to improve their psychological wellbeing and return to work
• How might Biopsychology research/studies effect the economy?

  • Neuroscience - revolutionising our understanding of the human brain
  • Practical economic benefits in the area of 'smart machines'
  • Money saving intelligent machines
• Attachment research into the role of the father:

  • recent research has stressed the importance of the father in a child's healthy psychological development
  • This may promote more flexible working arrangements in the family
  • This means that modern parents are better equipped to contribute more effectively to the economy
• The development of treatment for mental disorders:

  • A third of all days off work are caused by mental disorders such as depression
  • Psychological research into the cause and treatments of mental disorders means that people have access to therapies or psychotherapeutic drugs, such as SSRIs
  • People with mental disorders can manage their condition effectively, return to work and contribute to the economy