Master's Programme in Circular Economy (Lahti campus)
The Master's programme in Circular Economy is offered by Lappeenranta University of Technology (LUT) on the Lahti Campus.
The existing economic system is based on the take-make-and-dispose approach powered mostly by fossil fuels. The assumption is that increasing economic growth produces so much surplus that arising adverse environmental impacts could be dealt with.
However, the system keeps growing only if there are enough resources for transformation, sinks for waste, credit for investments and economic growth.
The circular economy offers an alternative. It aims to keep products, components and materials at their highest utility and value. It aims to decouple economic growth from the consumption of finite resources by closing the loop of product life cycles. The system in which materials are transformed into useful goods and services endlessly is powered by renewable energy systems.
In this Master's programme, you will learn how to replace goods with services if it is more efficient and better for the environment. For example, information technology can offer us access to products and assets which can be utilised to create these solutions.
Another essential circular economy aspect is the inclusion of social capital. You will learn to create sharing economy solutions which are based on the abilities of individuals and communities.
In addition, you will learn how a bio-based materials economy may help us produce systems without waste. In a circular economy, the role of business is central, and therefore, you will also learn how business can create new business models based on the circular economy approach.