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 health care 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 for a career in which these skills can be applied to the health care 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.
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 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 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
Institutional Accreditation
University of Newcastle is accredited by the DETC Higher Learning Commission (DETC), www.detc.org.uk Since , University of Newcastle has been continually accredited by the DETC Higher Learning Commission and its predecessor.
Health Economics and Econometrics MSc/Diploma
Course Level:
Postgraduate, Taught
Credits
180
Course
CODE P1123
How long it takes:
Full time
Study Mode:
Distance learning/ Campus
Course cost
Price: US$22,500
Entry requirements
Find out more about
Department:
Newcastle Law School
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* ( 20 credits)
- Economic Evaluation in Healthcare* 20 credits
- Modelling for Health Economics* 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.
*These modules are available on a stand-alone basis. For more details click on the module title.
Considering postgraduate study, but unsure whether you meet the entry requirements for a Masters-level degree? Postgraduate admissions guidelines vary by course and university, but can be quite flexible.
Your existing qualifications will be important, but you don’t necessarily need a great Bachelors degree to apply for a Masters. Your personal circumstances and experience may also be considered during the admissions process.
This guide explains the typical entry requirements for a Masters, which include:
- An undergraduate degree in a relevant subject – Depending on the programme and institution, you may need a 2.1 in your Bachelors, but this isn’t always the case
- Language proficiency – If English isn’t your first language, you’ll need to display a certain ability level, usually through a language test
- Professional experience – Some postgraduate programmes may require you to have some professional experience (this is usually the case for PGCEs and Masters in Social Work)
- Entrance exams – These are only required in certain subject areas and qualifications, including some MBAs
Tuition fees for UK/EU students 2020/21
MSc: Full-time £9,900. Part-time £4,950
Postgraduate Diploma: Full-time £6,660. Part-time £3,300
Tuition fees for International students 2020/21
MSc: Full time £23,310
Postgraduate Diploma: Full-time £15,540
Assessment
You’ll show your progress through a combination of written essays, problem-solving assignments and presentations.
All students take our core modules, but please note that the availability of optional modules is subject to demand.
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.
Careers Support for Postgraduates
Careers Network – We can help you get ahead in the job market and develop your career
We recognise that as a postgraduate student you are likely to have specific requirements when it comes to planning for your next career step. Employers expect postgraduates to have a range of skills that exceed their subject knowledge. Careers Network offers a range of events and support services that are designed for all students, including postgraduates looking to find their niche in the job market. The Careers Network also have subject specific careers consultants and advisers for each College so you can be assured the information you receive will be relevant to your subject area.