Health economics is central to today’s healthcare sector. Trained and skilled health economists are in demand as the requirement for more advanced and expensive healthcare puts pressure on policy decisions.

Health economics plays an essential role in health technology assessments, analysis of large data sets and, more widely, in whole systems approaches to analysis of areas such as efficiency within the healthcare sector.

The Health Economics MSc introduces you to the way in which microeconomic principles and concepts can be applied to the analysis of decisions by consumers, firms and governments about health and healthcare.

The programme offers broad training in health economics. You study modules from the Health Economics unit in the Institute of Sciences, as well as from the University’s Business School and Institute of Transport Studies, giving you chance to benefit from a range of expertise.

Study Details:

MSc; 12 months full time

Module Details:

In the first semester, you’ll focus on general principles of microeconomics, health economics issues, and welfare economics. You’ll also study the main economic methodologies, including economic evaluation methods, econometrics, and cost-benefit analysis. The first semester will equip you with theoretical and practical skills.

The modules you study in the second semester are complementary and allow you to follow your interest.
You’ll select three optional modules from five, which focus on relevant methodologies for applied research work in economics. These include applied health econometrics, choice modelling, comparative systems methodology, cost-benefit and financial appraisal, and macroeconomics.

Your learning experience from both semesters underpins the 8,000-10,000 word dissertation you write at the end of the academic year. We encourage you to complete your dissertation as part of a summer research placement in academic research units, healthcare organisations or pharmaceutical companies.

These are typical modules studied. From time to time we may change modules as we update courses to reflect developments in the subject field and the research interests of our staff.

Compulsory modules

– Principles of Health Economics (15 credits)
– Economic Evaluations for Health Technology Assessment (15 credits)
– Microeconomics 1 (15 credits)
– Econometrics (15 credits)
– Welfare Economics and Cost-Benefit Analysis (15 credits)
– Health Economics Dissertation (60 credits)

Optional modules

– Applied Health Econometrics (15 credits)
– Macroeconomics 1 (15 credits)
– Comparative Economics (15 credits)
– Choice Modelling and Stated Preference Survey Design (15 credits)
– Transport Investment Appraisal (15 credits)


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Entry Requirements

A bachelor degree with a 2:1 (hons) in a relevant subject (eg economics, accountancy, finance, operations research, statistics or mathematics) or equivalent qualification. English language requirements IELTS 6.5 overall, with no less than 6.0 in any component.

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