Master's Programme in Circular Economy
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.
▶️ VIDEO: A assistant professor and a student tell why to choose this Master's programme (the text continues below the video).
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.
The programme is well suited for people already in the working world because its face-to-face contact instruction mainly consists of intensive periods on Thursdays and Fridays.
Master of Science in Technology
120 ECTS credits
Tuition fees and scholarships
EUR 10 000 Non-EU/EEA students
LUT School of Energy Systems
Regular application period
1 December 2020 − 20 January 2021
1 October 2020 − 31 May 2021