• Explain the economic issues and policies affecting the biobased economy at the EU and international level
• Identify the important factors driving the development of the circular bioeconomy
• Assess the development of the circular bioeconomy from an economic perspective
• Understanding the key differences of a biofuel mandates and price links
• Upgrading your knowledge about recent trends in the circular economy and in sustainable business.

Module 1: The Circular Bioeconomy and Policies

In this module, you will be introduced to the economic importance of the circular bioeconomy and learn how to recognize the important driving factors.

Module 2: From Precautionary Approach to CBA

How can we measure these driving factors? Let’s learn about cost-benefit analysis (CBA), the precautionary approach, and the irreversibility effect.

Module 3: Macro Modelling

In module 3, you will learn about the key elements of an integrated assessment framework so that you can visualize the impact of a circular bioeconomy on policy aims. We will focus on macroeconomic modelling tools applied to biobased chemicals.

Module 4: Biofuel's Economics and Policies

To conclude the course, we will look at the economic and policy theories in the specific case of biofuels: what are the key differences of a biofuel mandates and price links? Also, you will be asked to integrate the theory seen in this and in the previous modules by applying it to your own case about bioplastics.

''I'd like to specifically thank the lecturer of module 4. I really enjoyed the videos and the way he explains everything. He has been one of the very best lecturers I've seen throughout the MicroMasters, both in his speech/voice tone and his way of teaching. Truly excellent.''

''Understand the macroeconomic impacts and assessment frameworks to evaluate bio-based technologies for the circular economy.''