Study Guide

Objective

After the course, the student can…
Build project concerning to circular economy
Knows business models for circular economy: product as a service, renewable, sharing platforms, product lifecycle extensions, resource efficiency & recycling
Can use his / her expertise to develop companies or other organizations in the field
Identify the financial opportunities and limitations of the circular economy business models
Can name examples of companies using circular business models and develop business ideas based on circular business models

Content

Introduction, objectives and practices, assignment
Circular economy business models: product as a service, renewable, sharing platforms
Circular economy business models: product lifecycle extensions, resource efficiency & recycling
Models of projects in circular economy
Company visit
Developing your own business idea based on circular economy business models or project connected in circular economy

Assessment criteria, satisfactory (1)

The student knows the basics of the circular economy and lists the business models of the circular economy. The student defines the main points of these business models. He is able to calculate invoices related to business models. The student names the factors influencing the circular economy and lists their business impact. They will be able to identify the steps involved in moving to a circular economy business model in an individual company.

Assessment criteria, good (3)

The student describes the basics of business models of circular economy and explains the phenomena affecting it. The student summarizes the measures aimed at the business models of the circular economy. The student will be able to describe the circumstances and justify the use of certain practices to promote a circular economy. The student assesses the profitability of utilizing different business models and is able to list measures. Students will be able to explain concepts and apply their knowledge to the circumstances of an individual company

Assessment criteria, excellent (5)

The student explains what the circular economy is based on and is able to explain the use of the circular economy business models, as well as interprets, calculates and comments on the problems and concepts associated with it (constraints and opportunities). The student explains the measures aimed at business in the circular economy and analyzes the factors affecting it. The student is able to describe and compare different business models and to justify his / her choices and development proposals. The student compares the profitability factors of business models and is able to analyze development ideas aimed at it