Lesson 11- Psychology & the Economy

Question 1

Give an example of how social change can be beneficial to people’s health and the emergency services

Answer 1

Social Change- ⬇️ burden on emergency 🚨 via ⬇️ 🍷 driving & 🚬 … 👍 impact on economy

Question 2

Give a specific real life example where social change has positive impacts on society’s safety

Answer 2

EXAMPLE 1- US state of Montana- problem alcohol-related 🚘 crashes

• 20% of ppl aged 21-34 had driven 🚘 after drinking 🍷 BUT 92% of age group believed majority of peers did this
• … corrected misconception with adverts- stated most young adults ✖️ 🍷 & 🚘
• 🍷-related 🚘 crashes massively ⬇️- made ppl aware of actual social norm around 🍷 🚘
• -> changed their 🏃‍♂‍ to fit with what majority doing

Question 3

Give an example where findings in psychology which led to improved memory recall have led to positive impacts for the economy

Answer 3

Improving Memory- development of cognitive 🧠 interview … ⬇️ wrongful arrests & ⬇️ wasted 👮‍♂‍ ⏰ (👍 for economy)
- ⬆️ amount of accurate info collected from 👁 witnesses

Question 4

Give an example where findings in psychology which led to a better understanding of attachments have allowed for positive impacts to the economy

Answer 4

Attachment- modern parents better equipped to maximise 💵 & contribute ⬆️ effectively to economy

• EXAMPLE 1- BEFORE- Bowlby said 👶care sole responsibility of 🤰… prevented 👩 to work
• BUT NOW- research questioned Bowlby- shown importance of father 👨
• Both parents equally capable- providing emotional support for healthy psychological 🧠 development … allows flexible working arrangements- maximise 💵- share 👶care

Question 5

Give an example where findings in psychology which led to a better understanding of mental health have allowed for positive impacts to the economy

Answer 5

Mental Health- research on effective drug 💊 therapies- ⬇️ cost of mental 🧠 illness for economy by returning ppl to work

• McCrone report estimated cost of 🧠 health issues on 🏴󠁧󠁢󠁥󠁮󠁧󠁿 economy- £22.5 billion a year (spending on health & social care BUT ✖️ indirect cost of lost employment)
• Absence from work costs economy £15 billion a year (1/3 of all absences caused by mild- moderate 🧠 health disorders e.g. depression, stress etc
• EXAMPLE 1- research into psychopathology-> improvements in 🧠 health/treatment programmes- ppl manage health better & … take ⬇️ time off work- ⬇️ 💰 costs to economy
• 👍- Better health management of those prone 👎 mental health-> ⬆️ individual productivity- BOOSTS ECONOMY
• 👍- research findings into treatments for 🧠 health issues carried in 🇬🇧-> investment from over 🌊 companies into 🇬🇧- BOOST ECONOMY
• 👎- BUT 💰 burden to NHS (already under 💰 strain)- new treatments ⬆️ effective BUT also ⬆️ expensive 💵- cheaper than previous costs or not (unemployment etc)?