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  1. Health Economics
    1. 2018

MSc Health Economics

Develop the highly sought-after quantitative, theoretical and analytical skills required for decision-making in the healthcare sector and prepare for a career as a health economist.

Key Information

Start date

September 2018


Full-time: one year
Part-time: two years


Full-time: £10,500

Part-time: £5,250 per year


Full-time: £15,000

Part-time: £7,500 per year

Application period

Until There is no fixed application deadline. However applications will close when the course is full, so we encourage you to apply early.

Who is it for?

Interested in pursuing a rewarding career as a health economist? The Health Economics MSc has been designed for those who have a background in economics and are looking to specialise. However, we also offer provision to those who are new to economics.

In developed and developing countries, the demand for specialists in health economics continues to increase. The Health Economics MSc is designed to meet this demand by introducing you to how microeconomics principles can be applied to the analysis of health and healthcare decisions by consumers, firms and governments.

As a result, you will gain the skills and knowledge you need to work as a Health Economist in the public and private sectors, and international health organisations and NGOs.


The Health Economics MSc will help you:

  • Develop your analytical and modelling abilities
  • Understand the principles of microeconomics applied to health and healthcare
  • Apply principles and methods of economic evaluation
  • Assess the principal theoretical models developed by economists to explain the healthcare sector
  • Understand and apply the advanced quantitative methods used in health economics and economic evaluation
  • Design, analyse and interpret economic evaluation research.

Requirements and how to apply

Entry requirements

To apply for this course, you should have:

  • Some mathematical background (A-level, IB, AP or any other equivalent secondary school qualification).
  • An upper second-class degree (or equivalent) undergraduate degree in Economics or a related discipline (e.g. Finance or Mathematics).

Students with a good lower second-class undergraduate degree in one of the above disciplines might be considered on a case-by-case basis and their experience taken into account.

You must also meet the English language requirement for the programme as specified.

INTO City, University of London

If you do not meet the entry requirements, INTO City, University of London offers a range of academic and English language programmes to help you prepare for study at City, University of London. You will learn from experienced teachers in a dedicated international study centre.

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the Graduate Diploma in Social Sciences and the Arts.

Kaplan International College London

City works in partnership with Kaplan International College (KIC) London to provide preparatory courses for international students. Pre-Masters courses at KIC London offer you comprehensive support to help you complete your postgraduate study at City. Progression to this degree is guaranteed if you complete the KIC London Pre-Masters course at the required level.

English requirements

If English is not your first language you will need one of the following qualifications:

  • IELTS with an overall score of 6.5 (with a minimum of 6.0 for each sub-test).
  • A first degree from a UK university or an overseas institution recognised by City as providing adequate evidence of proficiency in the English language, for example, from institutions in Australia or the USA.

Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a Certificate of Acceptance for Study (CAS) as of April 2014.

All applicants that require a Tier 4 visa must meet the minimum Home Office English Language ability requirements before City can issue the CAS that is needed to apply for a Tier 4 visa.

INTO English language programmes

If you do not meet the English language requirements, INTO City, University of London offers English language programmes to help prepare you for study at university. These intensive and flexible courses are designed to improve your English ability for entry to degree courses. Learn more about INTO's English for University Study programme.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

For more information see our main Visa page.

How to apply

of graduates responding to the 14/15 DLHE survey were in employment within 6 months of graduation.
in the UK for Economics.
dedicated research active staff within Health Economics centre.

More about fees

Fees in each subsequent year of study (where applicable) will be subject to an annual increase limited by the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).


Explore up-to-date information about funding options, available financial support and typical living costs.

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.


The course has been awarded two studentships per year for three years from 2017-2018 to 2019-2020, funded by the National Institute for Health Research (NIHR).

National Institute for Health Research Studentship

There are two NIHR studentships available this year. The studentship covers the full tuition costs of the programme and pays a monthly stipend of about £1,320 per month (to be confirmed).

To be eligible for the NIHR studentship, you must be a UK or EU citizen and hold either a conditional or unconditional offer to study MSc Health Economics and you must choose the dissertation path.

In order to apply for the studentship, you must submit a 500-word personal statement to outlining the reasons why you feel you are a suitable candidate.

The deadline is midnight on the 15th of June 2018

Alumni views

MSc Health Economics – Jameel’s story

Jameel completed the MSc Health Economics and now works at Astellas Pharma Europe as the Director of Health Economics and Outcomes Research . He talks about how his time at City helped him get where he is now and how the field of Health Economics is advancing.


Placements provide you with a unique opportunity to apply the skills you have learned during the MSc and acquire experience in the workplace.

Companies and organisations are invited to meet with you and propose subjects for your dissertation, which will be done during a placement. Organisations and students liaise directly with the approval of the academic supervisor.

Our students secure placements with a wide range of companies, such as:

  • Boehringer Ingelheim
  • Janssen-Cilag
  • Eli Lilly
  • Campbell Alliance
  • Office of Health Economics
  • Otsuka
  • Celgene
  • Curo
  • IMS Health
  • And many others.

Academic facilities

As a Masters student at City, you will benefit from state-of-the art student-geared facilities, including a bright new gym and meeting points. Most importantly, you will benefit from City’s central London location.

Learn a language for free

We offer a free language course for City, University of London students.

Find out how to apply

Teaching and learning

The course is taught by research-active academic staff, teaching assistants, and industry and visiting lecturers.

We have also invited speakers to present specialised topics in health economics.

Assessments are typically a combination of unseen written examinations (70% for each module) and coursework (30% for each module), but this can vary by module.

About two-thirds of our students secure a placement at a firm. The placement is used to learn about the sector while writing the dissertation.


Pre-sessional activities covering Statistics, Microeconomics, Stata, Excel and Mathematics run in September before the start of term. These are available for all students who secure a place on the MSc Economic Evaluation and Healthcare course. Pre-sessionals are included in your degree fee and are designed to prepare you for the course. We therefore strongly encourage you to make every effort to attend. Dates of the sessions are as follows:

  • Stata – September 2018
  • Mathematics – September 2018
  • Microeconomics – September 2018
  • Excel - September 2018
  • Probability – September 2018
  • Macroeconomics – October 2018

Please note that you are not required to register for the above pre-sessionals, you just need to turn up on the day. Further information such as the exact times and locations will be provided in your induction schedule.

Full-time and part-time assessment

The teaching takes place over two terms, from September to June.

Full-time students take 20 weeks of lectures, plus dissertation/literature review and examination periods over one year.

Full-time students who pass all the taught modules during the main exam sessions will finish the programme at the end of September, when they submit their literature review/dissertation. Full-time students who successfully complete the taught modules in the August re-sit exam session will submit their literature review/dissertation in December.

Part-time students take 20 weeks of lectures, plus literature review/dissertation and examination periods spread over one year and three months.

Part-time students complete all modules over the course of four terms, from September to June, before undertaking their literature review/dissertation.

Part-time students who successfully pass all the taught modules during the main exam sessions will finish the programme in December, when they submit their literature review/dissertation. Part-time students who successfully pass all the taught modules in August submit in March of the following year.

Staff at City, University of London

Professor Mireia Jofre-Bonet
Dr Agne Suziedelyte
Dr Victoria Serra-Sastre

List of collaborators

As a Health Economics MSc student at City, you will benefit from invited lectures, modules and seminars from an extensive list of collaborators, from the industry and other institutions including:

Prof. John Appleby (Nuffield Trust)
Anthony Bentley (Mtech Access)
Prof. John Cairns (London School of Hygiene and Tropical Medicine)
Prof. Nancy Devlin (Office of Health Economics and Hon Professor at City)
Prof. Michael Drummond (York University and Hon Prof at City)
Mr. Alastair Fischer (formerly NICE, then OHE)
Prof. Malcolm Law (Epidemiology, Queen Mary University of London)
Dr Jorge Mestre-Ferrandiz (Expert in Pharmaeconomics, formerly OHE now Independent Consultant)
Prof. David Parkin (Office of Health Economics, Hon Prof at City)
Dr Juliet Mumby-Croft (Director of Source HEOR)


You will take three core modules, plus the following depending on your path:

  • Dissertation path: you take two additional core modules (ECM302 Microeconomic Theory and ECM308 Econometrics) and one elective module alongside the Dissertation (Economics Research Project ECM306 60 credits).
  • Literature survey path: you take two additional core modules (ECM301 Microeconomic Analysis and ECM304 Quantitative Methods (Health)) and three elective modules alongside the Economics Literature Survey (ECM307 30 credits)

Each module typically has a two-hour lecture and a one-hour tutorial each week, but this may vary. It is not possible to give exact hours per week, as these can vary from one term to the other depending on which electives you choose.

Please note: for part-time students, the modules are taught on weekdays during the daytime, alongside the students who are studying on the full-time MSc programme. Please contact us for further details.

Core modules for all students

  • Economic Evaluation (15 credits)
  • Advanced Economic Evaluation (15 credits)
  • Health Economics (15 credits)

Core modules for the dissertation path

  • Microeconomic Theory (30 credits)
  • Econometrics (30 credits)
  • Economics Research Project (60 credits)

Core modules for the literature survey path

  • Microeconomic Analysis (30 credits)
  • Quantitative Methods Health (30 credits)
  • Economics Literature Survey (30 credits)

Elective Modules

On the dissertation route, you will take one elective. On the literature survey route you will take three.
  • Health Economics
  • Economic Evaluation Workshops (15 credits)
  • Welfare Economics (15 credits)
  • Epidemiology (15 credits)
  • Development Economics (15 credits)
  • Economics of Regulation and Competition (15 credits)
  • The Economics of Micro-Finance (15 credits)
  • Experimental Economics and Game Theory (15 credits)
  • History of Economic Thought (15 credits)
  • Academic expert
    Professor in Economics working in the School of Arts and Social Sciences.
  • Academic expert
    Lecturer in Economics working in the School of Arts and Social Sciences.
  • Academic expert
    Lecturer in Economics working in the School of Arts and Social Sciences.
  • Alumni - Research Analyst
    I found City was one of the few universities in the UK that offered a health economics course that's designed primarily for non-economists, like me.
  • Research Director
    City allowed the flexibility to work while studying full-time, and the MSc gave me a good foundation preparing me for my role as Research Director.

Career prospects

This MSc prepares you for a wide range of career opportunities in economic consultancies, think-tanks, the pharmaceutical industry, professional associations, governmental bodies and non-governmental organisations. It will also enable you to explore teaching and research positions in academic institutions.

Our MSc Health Economics graduates have gone on to work for companies such as:

  • Abacus International
  • NICE
  • Eli Lilly
  • Oxford Outcomes
  • Gallaher
  • IMS Health
  • OHE

The MSc also provides you with a solid academic foundation should you wish to pursue doctoral research in economics. Our Master’s graduates have pursued PhDs at UCL, Oxford, Warwick and Sheffield.

Application Deadline

There is no fixed application deadline. However applications will close when the course is full, so we encourage you to apply early.

Applications for 2018 are now open:

Contact details

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