Circular Economy and Sustainability
Economic Methodology and the Evolution of Economic Thought
AO2
Syllabus requirement
Discusses growing recognition of ecological limits and redesigning economic systems for long-term prosperity.
Assessment objectives
AO2 Application and Analysis
Summary
This topic explains the circular economy and sustainability within modern economic methodology. It covers how behavioural economics and interdisciplinary ideas have influenced thinking about sustainable development, and why moving from a linear 'take–make–waste' model to a circular model — with reuse, recycling and renewable energy — matters for preserving resources for future generations.