Study Guide

Objective

Students recognize how to reduce the consumption of natural resources in business by supporting the economic growth and well-being of society. Students recognize different business models of circular economy. The student is able to analyze and evaluate the possibilities of implementing different business models and their suitability for the company. The student is able to analyze and evaluate the possibilities and significance of different alternative business models for the success of the company in the future. The student recognizes and utilizes various tools in designing circular economy business models. After completing the course, the student is able to develop a business model based on the circular economy for the company.

Content

Introduction to the circular economy
Resource efficiency and recycling
Lifetime extension
Product as a service
Platform economy
Renewability

Location and time

Classroom classes
Maybe there may be some hybrid session

Materials

Circular economy action plan - European commission
Green Deal – European commission
Hellen Mcarther publications - Universal circular economy policy goals
Cradle to Cradle: Remaking the Way We Make Things
Designing for the Circular Economy

Teaching methods

Sustainability Problems presentation
Reading Material
Case Solving /presentation
Personal CE decisions and Sustainability
Circular Economy Basic Plan
Class discussions
Final Report

Content scheduling

The sustainability problem,
What is sustainability and Circular Economy
Circular Economy Strategies
Sustainable three layer Business Models
Personal contribution to Circularity and Sustainability

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Student has shown ability to comprehend the basic concepts of the course: Student has been able to use the basic concepts of the course in practical business cases.

Assessment criteria, good (3)

Student has shown in the course ability to comprehend the concepts of the course and apply the concepts in practical business cases. Student has been able to develop solutions for the case company in the assignment of the course.

Assessment criteria, excellent (5)

The student has carried out work to an excellent standard. Student has shown in the course ability to comprehend the concepts of the course and apply the concepts in practical business cases. Student has been able to develop creative solutions in the assignment of the course.

Assessment methods and criteria

Assessment scale:
51-59 1
60-69 2
70-79 3
80-89 4
90-100 5