Circular economy Principles and Concepts (20 credits)

The circular economy is a systematic and coherent framework for re-thinking future business and economic growth in relation to the availability and access to strategic resources, materials and energy that underpin our economies. The circular economy is a generic term for an industrial economy that is, by design or intention, restorative and in which materials flows are of two types, biological nutrients, designed to re-enter the biosphere safely, and technical nutrients, which are designed to circulate at high quality without entering the biosphere. Whilst elegant and deceptively simple these basic concepts and principles have enormous implications for our current linear economy and business practises, supply chains, business models. During this module we will examine and explore the stresses and limitations of the linear economy and the origins, history and emergent concepts and principles behind a circular economy. The double module covers: