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  1. Health Economics
  2. 2019
Courses

MSc Health Economics

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Entry Year:
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 2019

Academic year dates

Duration

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

UK/EU

Full-time: £10,710

Part-time: £5,355 per year

Non-EU

Full-time: £15,300

Part-time: £7,650 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.

Campus

Northampton Square

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.

Objectives

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 Economics.

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.

International Equivalences

If you are applying with an overseas degree, the following is an indication of international equivalents of an upper second class degree from a UK institution. Please note these figures are intended as a guide only and individual applications will be assessed on a case by case basis.

  • China: Bachelor degree (Xueshi) in a suitable subject with an overall grade of 75 – 85% (depending on the standing of the awarding institution)
  • USA: Bachelor degree in a suitable subject with CGPA 3.2
  • India: Bachelor degree in a suitable subject with CGPA 6.5 / overall 65% / 1st Division classification
  • Turkey: Lisans Diplomasi or a Műhendis Diplomasi with a minimum CGPA 3.0 or 65%
  • Italy: Diploma di Laurea in a suitable subject with a minimum score of 104.

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.

English language programmes

Don't 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.

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

100%
of graduates responding to the 14/15 DLHE survey were in employment within 6 months of graduation.
16th
in the UK for Economics.
6
dedicated research active staff within Health Economics centre.
During your course

More about fees

*Fees in each subsequent year of study (where applicable) will be subject to an annual increase of 2%. 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).

Scholarships

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 bryony.freemantle@city.ac.uk outlining the reasons why you feel you are a suitable candidate.

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.

Online events

If you are interested in applying for the MSc Health Economics but cannot make it to an Open Evening, you may be able to register for one of our upcoming online sessions for prospective students.

View upcoming events and register now

Placements

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.

Accommodation

We offer a variety of accommodation options and support services for postgraduate students.

Read more about our postgraduate halls.

Our Accommodation Service can also help you find private accommodation.

Find out more about private accommodation.

Learn a language for free

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

Find out how to apply

Timetables

Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.

View academic timetables

Please note that all academic timetables are subject to change.

Student support

We offer an extensive support network during your time here at City, University of London – from Learning Support (including disability support) and counselling to financial and career advice – leaving you free to enjoy every opportunity campus life has to offer.

Find out more about the different types of student support available.

Course content and assessment

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-sessionals

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)

Modules

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)

The programme specification contains more information on how the course is organised, the requirements for progression for each part and credits required for awards.

After you graduate

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 2019 are now open:

Contact details

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