Economic and  Organisational Psychology
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Organisational and Economic Psychology

Economic and Organisational Psychology is the scientific study of experience and behaviour of individuals in economic and organisational contexts with the goal of developing and testing academic theories and practice oriented models and instruments. The field can be organised in areas, depending on the context used to understand individuals, for example as a producer (as an individual, in a team, in an organisation), as a consumer of goods and services, as a potential customer with regards to advertising, or as an agent in economic systems.

Industrial and organisational Psychology is the scientific study of experience and behaviour of individuals as part of the work environment in organisations. Market and consumer psychology is the scientific study of experience and behaviour of individuals as consumers and customers, as investors, and as distribution partners in the market place. Economic psychology analyses the individual in the role of an agent in economic systems and processes.


Economic and Organisational Psychology as applied psychology

In order to explain behaviour and experiences in the described contexts we use insights from the psychological core disciplines, e.g., general psychology, personality psychology, motivation psychology, or social psychology, and adjacent areas of applied psychology, e.g., educational psychology or clinical psychology. In addition we understand Industrial, Organisational, and Market Psychology as an interdisciplinary field of research, including insights from sociology, management science, economics, and cultural studies.


Goals of Economic and Organisational Psychology

Economic and Organisational Psychology's goal is to explain people's behaviours and experiences and to shape processes in organisations, work, and the economy. It also has the goal to explain relationships and dependences in behaviour with respect to organisations and economic activity, and to foster an environment were people can act self determined.