lesson 11 psychology and the economy research methods Flashcards
define the economy
refers to the state of a country or region in terms of the production and consumption of goods and services and the supply of money
what are the ways that psychology affects the economy?
impact on healthcare service
impact on laws and policies
impact on government and finances
impact on employment and productivity
what does research into social influence do for the economy?
helps us understand how behaviour and attitudes can be changed
can be used to encourage people to engage in more healthy behaviours
therefore, reduced pressure on NHS resources and people taking less time off work sick which improves productivity
what does research into memory do for the economy?
cognitive interview developed
improved the amount of accurate information collected from eye witnesses
amount of time spent on wrongful arrests, imprisonment and wasted police time is vastly reduced
what does research into attachment do for the economy?
early attachment research suggested that fathers should provide an economic rather than emotional function
more recent research has shown that both parents are equally capable of providing emotional support
more fathers stay at home, contribute less to the economy
more mothers return to work, contributing more to the economy and may reduce the gender pay gap
changing laws on paternity leave so fathers can now have 2 weeks off when their baby is born which is government funded so there is a drain on the economy and may negatively impact employers through loss of productivity
what does research into psychopathology do for the economy?
may lead to improvements in psychological health and treatment programmes so people can manage their health better and take less time off work which reduces costs to the economy
may lead to better ways of managing people who are prone to mental health issues whilst they work which could boost their individual productivity and boost the economy overall
scientific treatments may encourage investment from overseas companies which would boost the economy
effective treatments might be expensive for the NHS
new therapies could be more expensive to increase financial burden for the economy
