implications of psychological research for the economy

Question 1

What happens once research is conducted?

Answer 1

• once research is conducted/reported and peer review
• then published
• contributes to scientific inquiry
• allows new theories to be accepted/modified
• if theories have scientific credibility
• may influence/affect society and economy

Question 2

Psychology, mental health and the economy

Answer 2

• absence from work costs economy 15+ billion per year
• 1/3 absence due to mild moderate health conditions
• e.g. depression, stress
• psychological research into effective treatments huge benefit on economy
• e.g. research found combining drug therapy and CBT more effective to treat depression

Question 3

AO3 for psychology, mental health and the economy

Answer 3

• using combination therapies
• individual can manage condition effectively
• return to work so save economy money
• in long run reduce strain on NHS
• less ppl admitted for treatment if combination works
• however, combination is more expensive
• reduces financial benefit for economy
• especially if large number of ppl need treatment

Question 4

Psychology, attachment research and the economy

Answer 4

• shifted importance of mother on child rearing/development to more shared parenting
• increasing importance and involvement of father
• both parents equally capable providing emotional support
• necessary for child to have healthy psychological development

Question 5

AO3 for psychology, attachment research and the economy

Answer 5

• fathers now entitled to shared paternity leave - costs the economy - government funded - costs employer may have to hire someone else
• flexible work hours - both parents earn money - maximise income - contribute to economy by working and paying taxes

Question 6

Psychology, social influence research and the economy

Answer 6

• ISI research found ppl have desire to be right
• presenting info for hotel guest towel washing and water waste = significantly reduced towel consumption

Question 7

AO3 for psychology, social influence research and the economy

Answer 7

• benefit’s economy as changes ppl’s behaviour
• e.g. excess water usage
• benefits environment
• in-turn benefits economy
• less money used to protect environment

Question 8

Psychology, eye witness testimony and the economy

Answer 8

• loftus and palmer found leading questions alter ppl’s perception of event
• led to development of cognitive interview
• not use leading questions
• improved accuracy of eye witness testimony

Question 9

AO3 for psychology, eye witness testimony and the economy

Answer 9

• police spend less resources looking for wrong person
• EWT more accurate
• increase likelihood of correct person being convicted
• not wasting economy’s money on inaccurate convictions