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Introduction
This unit explores the principles, concepts and application of circular economics, an economic model that encourages reuse, refurbishment, remanufacture, recycling and composting. To be circular means decoupling economic value from resource consumption and waste generation, maximising resource efficiency. At its core, the circular economics concept challenges the traditional linear 'take-make-dispose' approach by advocating for closed-loop systems.
In this unit, you will explore circular thinking, from circular product and service design to innovative organisational structures and circular supply chain management. You will gain practical insight into how organisations across different industries adopt circular strategies to stay competitive and future-proof their operations. Through case studies, theoretical frameworks, and practical applications, you will gain insights into how circular economics can drive innovation, create new business opportunities, and contribute to environmental preservation and social well-being.
Summary
| Unit name | Circular Economics |
| Unit code | BFA763 |
| Credit points | 12.5 |
| College/School | Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Terese Fiedler |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Sustainable Development Goals
The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.
Availability
Specific information on 2027 unit availability will be available in August
Learning Outcomes
- Explain the key principles and concepts underlying a circular economy.
- Analyse circular economic design, organisational structure and supply chains.
- Analyse circular economic implications for the environment, society, and economics.
- Evaluate circular economy models and impacts using measurement tools.
Fee Information
2027 fee information will be available in August.
Teaching
| Assessment | Case Study (30%)|Online tests (30%)|Case Study Analysis (40%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Required readings will be listed in the unit outline prior to the start of classes. |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.