Economics and Policies in a Biobased Economy

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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.

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