Course overview
This course is designed to link circular economy principles to business strategy and operations. The course provides students with a comprehensive understanding of the principles, strategies, and applications of the circular economy within the context of modern business practices. The course will explore the transition from the traditional linear economy model to a circular economy, focusing on concepts such as resource efficiency, waste reduction, product life extension, and closed-loop systems. The course will enable an understanding of financial systems and technological innovations that facilitate circular economy. Through case studies, discussions, and practical exercises, students will develop the knowledge and skills necessary to analyse, design, and implement circular economy strategies in diverse business settings.
- Foundations Of Circular Economy
- Circular Systems And Ecosystems
- Implementation And Contemporary Considerations
Course learning outcomes
- Articulate the fundamental principles of the circular economy, including resource efficiency, waste reduction, and closed-loop systems, and analyse their implications for sustainable business practice
- Apply various circular economy strategies, such as design for longevity, product life extension, and closed-loop supply chains and ecosystems, to real-world business challenges, demonstrating innovation and problem-solving skills
- Critically analyse different circular business models, understanding their strengths, weaknesses, and suitability for specific industries or contexts, and their potential for scalability and profitability
- Assess circular performance using key performance indicators (KPIs), life cycle assessment (LCA), and other relevant methodologies, to enable tracking of progress and identification of areas for improvement within organisations
- Demonstrate strong communication and stakeholder engagement skills, enabling effective communication of circular economy initiatives to internal and external stakeholders, building support and advocating for circularity efforts, and fostering a culture of sustainability within organisations