Economic Implications

Question 1

What are the economic implications of Approaches?

Answer 1

Behavioural therapies are relatively cheap and quick, meaning it reduces NHS spending

Question 2

What are the economic implications of Social influence?

Answer 2

Understanding conformity helps in advertising and marketing which leads to more effective campaigns

Question 3

What are the economic implications of Memory?

Answer 3

EWT studies (e.g. Johnson and Scott) have led to improved interview techniques such as cognitive interview. however, the cognitive interview may be expensive + time for training to be an interview may cost alot.

Question 4

What are the economic implications of Attachment?

Answer 4

Research indicating that infants can form multiple attachments (i.e. father attachment) can lead to shared parenting responsibilities, this then means that the mother has more flexibility to go to work and make more money.

Question 5

What are the economic implications of Psychopathology?

Answer 5

CBT may have high initial costs compared to drug therapy, but its long term effectiveness can lead to reduced relapse rates, decreasing healthcare expenses overtime

Question 6

What are the economic implications of Biopsychology?

Answer 6

Drug treatments are cheaper (biological approach), and reduces NHS spending

Question 7

What are the economic implications of Addiction?

Answer 7

Substance abuse is strongly linked to crime/theft, drug trafficking and violence. Effective interventions (e.g. AT) can reduce crime rates (less ppl in prison)

Question 8

What are the economic implications of Cog Dev?

Answer 8

Research into how children think and learn (e.g., Piaget’s stages, Vygotsky’s scaffolding) helps schools design more effective teaching methods.
Leads to a more skilled, productive workforce.
Higher productivity boosts the economy through innovation and higher earnings.

Question 9

What are the economic implications of Stress?

Answer 9

Knowing the economic impact of stress encourages governments and employers to invest in stress‑reduction programmes, for example, relaxation techniques which can increase productivity