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  4. Circular Economy: Eliminate, Circulate and Regenerate

Circular Economy: Eliminate, Circulate and Regenerate

Objectives

The course aims to provide students with a rich understanding of the merits and challenges of transitioning to a more resource-efficient and circular economy. The transition to a circular economy represents a fundamental shift in the development of business and economic opportunities. The course gives an overview about the definition of circular economy and the concepts behind it: regeneration, disruption and closing the loop. It clears demonstrates the potential that this new economy brings in terms of the value generation, job creation, new green jobs, and contribution to the climate action agenda. In addition, students will learn how to: 

The urgency to move from a linear to a circular economic model The importance of a political willingness to make this transition happen. The potential of innovation and the creation of new business models. 


General characterization

Code

2371

Credits

3.5

Responsible teacher

Luís Veiga Martins

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

n/a 


Bibliography

Videos and Podcasts 


Teaching method

We will use different methodologies to create dynamic classes and enhance long-term learning:

> lectures by the teacher and in-class discussions among the class;

> in-class presentations by guest speakers on class related topics;

> games and collaborative work in class;

> group and individual assignments.  


Evaluation method

Assessment 1: Individual Assignment (30%) , to be submitted via Moodle platform TBD (10% penalty per day) 

One written assignment that students will be able to choose which case study to analyze. Syudents should choose an industry, product or service and will be asked to reflect about and critically analyze the opportunities of Circular Economy in terms of the different areas identified in the class with fact & figures. Information regarding the assignment can be found on Moodle.

Assessment 2: Group Work and Pitch (40%) , to submitted via Moodle platform TBD (10% penalty per day) Students will gather in groups of 4-5 and develop a structured solution ? business product or service ? that promotes circular economy and fullfil its main principles. The Group will present its project to a jury. Information regarding the assignment can be found on Moodle.

Assessment 3: Final Exam (30%) on date TBD

The final exam covers all topics covered in the course.

Adjustments of 0.5 points in the final grade (in either direction) can be made, based on other information available such as participation in class and contribution to the coursework. The general rules of the University apply in case of academic dishonesty and in any situation not foreseen in the above.


Subject matter

A more circular economy is suggested as an essential contribution to a more sustainable, low carbon, resource-efficient and competitive economy. Strategies over the full life cycle ? from design and production to use, reuse, repair, remanufacturing and recycling?are suggested as a way of maintaining the value of products, materials, and resources in the economy for as long as possible. This may, in addition, create new opportunities for and requirements on business, users and policy across various stages of the value chain. The course aims to provide a rich understanding of the circular economy, its opportunities, and limitations as well as concrete examples of circular solutions put into practice. It covers theory, methods and tools from product design, production engineering, waste management, industrial ecology, supply chain and change management and policy, presented in the context of the circular economy.