Health Economics and Econometrics MSc/PGDip

Image for Health Economics and Econometrics MSc/PGDip

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 an 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, 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 studensthsips.  

Course fact file

Type of Course: Continuing professional development, taught

Study Options: Full time

Duration: 1 year full-time only

Start date: September. To be eligible for entry into the competition for studentships to support the programme applications for 2015 entry must be received before 29 May 2015. See Course Details/Fees and Funding for more details.


The MSc in Health Economics and Econometrics is an entirely new programme hosted by the Health Economics Unit in collaboration with the Department of Economics. This new programme incorporates two core modules provided by the Department of Economics (Microeconomics, Econometrics) and three core modules from the MSc Health Economics and Health Policy Programme (Economic Evaluation, Statistics II, Modelling for Health Economics) and one relevant policy based optional module.

The purpose is to enable you to be fully equipped 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 is designed to build on the strength and experience of both the Department of Economics and the Health Economics Unit in providing high quality Masters programmes.

This programme provides a contrast to the current 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:

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.

Please note: programmes evolve continually to keep them up to date so please check the website regularly for any changes

Fees and funding

2015/16 course fees
UK/EU students
MSc - £6210/PGDip £4140 (plus living expenses/hotel costs)

Non UK/EU students
£14,140 (plus living expenses/hotel costs)

Self funding students can choose to pay in instalments by direct debit.

Learn more about fees and funding.


Please note that the deadline has now passed for the NIHR funded studentships for 2015-16 entry. 

International students can often gain funding through overseas research scholarships, Commonwealth scholarships or their home government. Visit our website for information about scholarships for international students.

For information about all Home/EU and International funding opportunities please visit the Postgraduate Funding Database.

For other funding queries contact the School directly or get in touch with the Student Funding Office via the online enquiries system.

Entry requirements

The normal entrance requirement for our Masters 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.

Learn more about entry requirements

International students:

Academic requirements

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:

English to IELTS 7.0 (with a minimum of 6.5 in each component).

How to apply

When clicking on the Apply Now button you will be directed to an application specifically designed for the programme you wish to apply for where you will create an account with the University application system and submit your application and supporting documents online. Further information regarding how to apply online can be found on the How to apply pages

Apply now

Learning and teaching

As a Birmingham student, you will be joining the academic elite and will have the privilege of learning from world-leading experts, as well as your peers. From the outset you will be encouraged to become an independent and self-motivated learner. We want you to be challenged and will encourage you to think for yourself.

On this programme the modules delivered by the Department of Economics are delivered in traditional weekly lectures and classes whilst the modules delivered by the Health Economics Unit are delivered via block sessions of 3 or 5 days.This programme is only suitable for students in full time study. You will participate in a range of teaching styles such as lectures, small group tutorials, presentations, peer group learning, self-study etc.

You will have access to a comprehensive support system that will assist and encourage you, including personal tutors and welfare tutors who can help with both academic and welfare issues.

Our facilities

The College of Medical and Dental Sciences houses state-of-the art facilities to support a range of teaching, learning and research activity. 

Our facilities ensure that students receive the best possible learning experience by working in a modern environment. Among our most recent developments include a refurbishment of the Medical School foyer, Barnes library and Wolfson Centre for Medical Education.

Explore our facilities and take a tour by moving around our 360-degree panoramas:


Assessment methods

Each module is assessed independently. The compulsory modules on MSc Health Economics and Econometrics are all assessed by either assignment, examination or a combination of both.



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 but additionally help those who with particular technical interest to develop techniques to analyse aspects of the Health Service and the big data sets that are both being developed and those which are currently available in health service systems and databases.

Find out more about where our postgraduate students go

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.Here are just a few ways in which we can help postgraduates to get ahead:

  • Careers Networking opportunities
  • Effective careers strategy toolkit
  • Year planner for all postgraduate students
  • Masters Career Coaching Workshops
  • One to one careers guidance

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. They also have a dedicated careers website for international students where you can find useful resources and information.

For more information visit the Careers Network website.