Have you ever asked what “biobased” means or wondered about the key aspects in developing and commercializing biobased products? This course will answer those questions and more; highlighting the opportunities, hurdles, and driving forces of the bioeconomy.

Today’s industries face enormous global challenges when it comes to the fossil-based economy. Fossil resources are no longer a desirable feedstock for many products and governments’ climate goals put various limitations to its usage. Moreover, consumer perception has become an increasingly important factor. With biobased products as an alternative to the fossil-based economy, the bioeconomy can provide viable solutions to these challenges.

The course describes the different types of biomass, the methods of refinery and typical conversion technologies used for biobased products. You’ll also engage in a study of the practical and real-life examples emerging in the market: biopolymers, bioenergy, bioflavours, and biosurfactants.

The course has been developed by a team of experts from seven different institutions and universities in three different countries, all sharing their personal perspectives on the opportunities and challenges faced by the biobased industry. The three top-ranked institutions Delft University of Technology, RWTH Aachen University, and Wageningen University & Research offer additional, more advanced courses to continue your learning journey:

Industrial Biotechnology: a more advanced course that digs deeper into engineering aspects of bio-based products.
MicroMasters Chemistry and Technology for Sustainability: Help drive the transition from fossil sources to renewable energy ones and engineer a biobased future.
Sustainable Development: The Water-Energy-Food Nexus: Introduction to sustainable development and its relation to the Water-Energy-Food Nexus.

This course discusses the basics every manager needs to organize successful technology-driven innovation in both entrepreneurial and established firms. We start by examining innovation-based strategies as a source of competitive advantage and then examine how to build organizations that excel at identifying, building and commercializing technological innovations. Major topics include how the innovation process works; creating an organizational environment that rewards innovation and entrepreneurship; designing appropriate innovation processes (e.g. stage-gate, portfolio management); organizing to take advantage of internal and external sources of innovation; and structuring entrepreneurial and established organizations for effective innovation. The course examines how entrepreneurs can shape their firms so that they continuously build and commercialize valuable innovations. Many of the examples also focus on how established firms can become more entrepreneurial in their approach to innovation.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

By the end of this section, you will be able to:

Identify at least two advantages of intra-industry trading
Explain the relationship between economies of scale and intra-industry trade

Topics vary from year to year. Typical examples from past years: manufacturing strategy, technology supply chains. This seminar will explore the purposes and development of Technology Roadmaps for systematically mapping out possible development paths for various technological domains and the industries that build on them. Data of importance for such roadmaps include rates of innovation, key bottlenecks, physical limitations, improvement trendlines, corporate intent, and value chain and industry evolutionary paths. The course will build on ongoing work on the MIT Communications Technology Roadmap project, but will explore other domains selected from Nanotechnology, Bio-informatics, Geno/Proteino/Celleomics, Neurotechnology, Imaging and Diagnostics, etc. Thesis and Special Project opportunities will be offered.

Examines the fundamental concepts of strategic planning and management in the context of the real estate, design, and construction industry. Discusses the basic business relationships among firms in the design and construction value chain. Specific topics include: industry analysis; strategic planning models; information technology strategy; strategy in fragmented industries; negotiation; and macro trends shaping the industry as a whole. Case method of instruction is used, and supplemented by extensive readings. From the course home page: This course provides an overview of key concepts in strategic management in the construction, real estate, and architecture industries. Topics include supply chain analysis, market segmentation, vertical integration, competitive advantage, and industry transformation. This course is of interest to students seeking more understanding of the business dynamics of real estate and construction; seeking to provide value in firms which they may join; or seeking to build a foundation for their own entrepreneurial pursuits.

Outlines tools for formulating and evaluating technology strategy, including an introduction to the economics of technical change, models of technological evolution, and models of organizational dynamics and innovation. Topics covered include: making money from innovation; competition between technologies and the selection of standards; optimal licensing policies; joint ventures; organization of R&D; and theories of diffusion and adoption. Taught using a combination of readings and case studies.