The MSc in Health Economics and Econometrics is ideal for new graduates hoping to pursue a career in health economics or for those currently working in the healthcare sector who wish to develop skills in health economics.
This programme gives you the opportunity to follow a more econometrics based pathway underpinned by microeconomic theory while taking the core modules required to study Health Economics (Economic Evaluation and Modelling for Health Care Decision Making).
The programme is targeted at those with an undergraduate economics-based degree and a desire to obtain a technical training relevant to a career in which these skills can be applied to the healthcare sector nationally and internationally. With its blend of applied health economic modules and specialist economic modules, the MSc in Health Economics and Econometrics is ideal for individuals wishing to embark on a career as a health economist in industry, the health service or academia. This is an area identified as a priority for the health service and health economists with these skills are in short supply – hence the provision of three fully funded NIHR studentships.
NIHR funded studentships
The studentships cover fees (Home/EU rate only) and a stipend to support students undertaking the MSc Health Economics and Econometrics.
The purpose of this programme is to fully equipped you to utilise, analyse and interpret the big data sets that are increasingly available across health systems in addition to understanding these in the context of health and economic related issues and policy. This programme builds on the strength and experience of the Department of Economics and the Health Economics Unit in providing high-quality Masters programmes.
The MSc in Health Economics and Econometrics is hosted by the Health Economics Unit in collaboration with the Department of Economics. This programme incorporates two core modules provided by the Department of Economics (Microeconomics, Econometrics) and four core modules from the MSc Health Economics and Health Policy Programme (Introduction to Health Economics, Economic Evaluation, Statistics II, Modelling for Health Economics) and one relevant policy based optional module.
This programme provides a contrast to the long-established MSc Health Economics and Health Policy programme by providing a greater focus on the underpinning advanced economic theory and econometrics for those students with excellent undergraduate degrees in economics. However, it retains the provision of the key skills associated with the conduct of economic evaluation, modelling as well as an exposure to economic policy (expected in many health economic posts).
Why study this course
The MSc Health Economics and Econometrics aims to:
- provide a high-quality programme examining health issues from an economics perspective, to provide you with an advanced technical training, and to enable you to develop your analytical skills for use in health economics.
- assist you to develop the analytical ability to relate theories and research findings to your current or future employment experience in the health service
- provide you with an understanding of the theoretical and historical foundation of health economics
- develop your skills in the application of research evidence in the field of health economics
- provide you with opportunities for shared learning
- develop your understanding of the role of health economics in health care decision making
The programme consists of taught modules (120 credits), plus a dissertation (60 credits – MSc only). There are five compulsory taught modules:
- Microeconomics (Department of Economics) 20 credits
- Econometrics (Department of Economics) 30 credits
- Introduction to Health Economics (HEU 20 credits)
- Economic Evaluation in Healthcare (HEU) 20 credits
- Modelling for Health Economics (HEU) 20 credits
In addition to the above, students need to choose either Statistics for Health Economics II (HEU) or any 10-credit module from those offered within HAPS as part of the Masters in Public Health Programme. Students who take an alternative module in this option will attend Statistics for Health Economics II non-assessed.
For the full Masters, you will need to submit a dissertation of 10,000 words on an agreed topic in an area of health economics or econometrics (60 credits). A Postgraduate Diploma may be obtained by completing the taught modules without the dissertation.
The normal entrance requirement for our Master's programmes is a good Honours degree (upper second-class or above) in Economics or a closely related subject, or an equivalent professional qualification and professional experience.
Appropriate career experience may also be taken into account. It is hard to give general rules on these matters since each case is considered on individual merit. However, the factors which tend to count in your favour are suitable health services managerial experience, favourable reports from academic referees, or proven ability in research or publication. You should give as much evidence as possible of your capabilities in these areas.
We accept a range of qualifications, our country pages show you what qualifications we accept from your country.
English language requirements
You can satisfy our English language requirements in two ways:
- by holding an English language qualification to the right level
- by taking and successfully completing one of our English courses for international students
- English to IELTS 7.0 (with a minimum of 6.5 in each component).
With its blend of applied health economic modules and specialist economic modules, the MSc in Health Economics and Econometrics is ideal for individuals wishing to embark on a career as a health economist in industry, the health service or academia.
Employability from the allied and established MSc in Health Economics and Health Policy has been consistently high. This new programme has been specifically designed to complement the current demand by building on specific skills that are known to be in short supply.
This programme will supplement the standard health economic toolkit of economic evaluation and modelling by helping those with particular technical interests to develop techniques to analyse aspects of the Health Service and the big data sets that are being developed and those which are currently available in health service systems and databases.
About the School
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