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MSc Health Economics and Decision Modelling

  • DeadlineStudy Details: 1 year

Masters Degree Description

Want to make a real difference in healthcare? Our MSc in Health Economics & Decision Modelling gives you the skills to analyse real-world health challenges and influence key decisions. Whether it’s evaluating new treatments, improving public health strategies, or making sure healthcare resources are used wisely.

You’ll learn how to assess the cost-effectiveness of medical interventions, model healthcare outcomes, and use data to inform policy. We’ll take you beyond theory, giving you hands-on experience and  the practical skills that employers look for.

This course covers medical statistics, evidence synthesis, and econometric methods, applying them to clinical trials and real-world data. You'll learn to build and use mathematical models and simulations to support healthcare decisions, with full training in research methods.

Your final project will be a  three-month dissertation project where you’ll tackle real-world health problems, working with experts from the NHS, academia and industry. By the time you graduate, you’ll have the confidence and experience to step straight into a career.

Do you have a question? Talk to us

Book a 15-minute online meeting with our course lead to find out more information and ask further questions.

Book an appointment with Dr Tessa Peasgood

Entry Requirements

Minimum 2:1 undergraduate honours degree in a relevant subject with relevant technical modules or a Medical degree.

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Fees

Please see website for fees

Student Destinations

Graduates of the MSc in Health Economics and Decision Modelling are highly sought after across a range of sectors, including:

  • Health economics consultancies – Conducting health technology assessment (HTA) projects for governments, reimbursement agencies, and private-sector clients.
  • Academic research groups – Working in health economics and decision science teams at universities worldwide, including here at the University of Sheffield, as health-economic analysts or modellers.
  • Pharmaceutical and medical technology industries – Contributing to health economics, market access, and reimbursement teams to assess the value of new treatments.
  • Government and health policy organisations – Supporting decision-making in agencies such as the National Institute for Health and Care Excellence (NICE) and global HTA bodies that evaluate the effectiveness and cost-effectiveness of new healthcare interventions.
  • Health insurers and healthcare providers – Applying economic modelling to improve healthcare delivery and financing.
  • Public sector and non-profits – Working in analytical and modelling roles for government agencies (eg the UK’s Government Operational Research Service), charities, and other organisations.

The course also provides excellent preparation for further academic training, including PhD study in health economics, decision modelling, or related fields such as trial design.

Module Details

Core modules:

Introduction to Health Economics
Economic Evaluation
Cost-effectiveness Modelling for Health Technology Assessment
Medical Statistics and Evidence Synthesis
Study Design and Systematic Review Methods
Valuing the Benefits of Health Care
Further Statistical Methods for Health Economic Analysis
Advanced Simulation Methods
Dissertation

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