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  1. Postgraduate
  2. 2020
Study at City

MSc Health Economics

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 2020

Academic year dates


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


Full-time: £10,500

Part-time: £5,250 per year


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.


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.


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.

The Department of Economics hosts both the City Health Economics Centre (CHEC) and the London Health Economics Group (LHEG)

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.

If you have a background in Pharmacy, Medicine, Nursing or other health science related discipline and wish to pursue a career as a Health Economist please apply to the MSc Economic Evaluation in Healthcare as the MSc Health Economics requires a background in Economics.

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.

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

International Students (EEA and Non EEA) coming to study in the UK, 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:

  • EEA nationals joining the programme in 2020 and EEA nationals joining from January 2021
  • 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.
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).


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

OHE-City M.Sc. Fellowships in Health Economics

The Office of Health Economics wants to increase capacity of highly skilled economists specialised in health economics research by funding 2 part time students per year to do the M.Sc. in Health Economics or a M.Sc. in Economic Evaluation in Healthcare, part time, at the Department of Economics at City , University of London.

OHE will pay the corresponding part time fees and a stipend to the student of £ 1,500 per month for 2 years.

  • Selection will be based on merit. To be able to be considered, the applicant needs to have been accepted on to an M.Sc. Programme and send a statement of purpose and why the applicant wants to apply to mjofre
  • All OHE fellows will attend all OHE Masterclasses and OHE Lunchtime Seminars, OHE Annual Lectures and all other OHE research activities,
  • Students that are awarded the OHE fellowship will have as a co supervisor of their MSc dissertations one of OHE staff with a City affiliation.

Deadline: 31st May, 2020


  • OHE will host the OHE fellows 3 days per week and involve them in topics related to their MSc studies or non confidential small tasks for projects.
  • OHE fellows will have a contract with OHE for the duration of the fellowship and the obligation to work for OHE during a full year after graduation
  • Note that the OHE fellow will have to agree that, in case of early withdrawal from the MSc course, half of the fees and stipend received will be reimbursed to OHE. OHE does not commit to keep in employment OHE M.Sc. Fellows beyond one year after the end of the scheme.

Please click here for more information

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


This programme has a placement scheme that provides you with a unique opportunity to apply the skills you have learned during the MSc and acquire experience in a workplace environment.

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 organisations (these may change from year to year), such as:

  • Boehringer Ingelheim
  • Janssen-Cilag
  • Eli Lilly
  • Roche
  • Office of Health Economics
  • Otsuka
  • Celgene
  • NHS Improvement
  • IQVIA 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.


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


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.

Ask a student

Chat to our current students and read their blogs to gain an insight into studying at City and learn more about our undergraduate and postgraduate courses.

Course content and assessment

To make sure that you can begin or continue your studies with us during the COVID-19 pandemic, we have reviewed and adapted our courses to ensure a safe learning environment for our students and staff. We have modified the way some of our courses are delivered, with many programmes being made available online.

Contact us to find out more about how our programmes will be delivered.

Teaching and learning

Modules in this programme are taught by research-active academic staff, graduate teaching assistants and visiting lecturers. We also invite speakers from the industry and other organisations to present specialised topics in health economics.

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

Full-time students take 20 weeks of lectures, plus dissertation 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 dissertation.

Full-time students who successfully complete the taught modules in the August re-sit exam session will submit their dissertation in December.

Part-time students take 20 weeks of lectures, plus dissertation and examination periods spread over two years and three months.

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

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

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 an opportunity to gain experience about the sector while writing the MSc final dissertation.

Staff at City, University of London

Dr Ioannis Laliotis
Dr Edward Pinchbeck
Dr Victoria Serra-Sastre
Dr Agne Suziedelyte

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 and Honorary Professor at City, University of London)
Anthony Bentley (Mtech Access)
Prof. John Cairns (London School of Hygiene and Tropical Medicine)
Prof. Graham Cookson (Office for Health Economics and Hon Prof City, University of London)
Dr, Patricia Cubi-Molla (Office of Health Economics and Honorary Fellow at City, University of London)
Prof. Nancy Devlin (The University of Melborn and Hon Professor at City, University of London)
Prof. Michael Drummond (University of York and Hon Prof at City, University of London)
Mr. Alastair Fischer (formerly NICE, then OHE)
Dr Jorge Mestre-Ferrandiz (Expert in Pharmaeconomics, formerly OHE now Independent Consultant)
Prof. Mireia Jofre-Bonet (Office for Health Economics and Prof City, University of London)
Dr Juliet Mumby-Croft (Director of Source HEOR)
Prof. David Parkin (Office of Health Economics, Hon Prof at City, University of London)
Dr Alicja R Rudnicka (St George's, University of London)
Prof. Lotte Steuten (Office for Health Economics and Hon Prof City, University of London)


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

  • Dissertation path: you take two additional core modules (Microeconomic Theory and Econometrics) and one elective module alongside the Dissertation (Economics Research Project worth 60 credits).
  • Literature survey path: you take two additional core modules (either Business Economics or Microeconomic Theory and either Quantitative Methods (Health) or Econometrics) and three elective modules alongside the Economics Literature Survey (worth 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 term to term depending on which electives you choose.

Part-time students please note modules are taught on weekdays during daytime, alongside 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

  • Either Business Economics or Microeconomic Theory (30 credits)
  • Either Quantitative Methods Health or Econometrics (30 credits)

Elective Modules

You can choose electives from the list below. On the dissertation route, you will take one elective. On the literature survey route you will take three electives.

  • Economic Evaluation Workshops (15 credits)
  • Welfare Economics (15 credits)
  • Epidemiology (15 credits)
  • Applied Econometrics (15 credits)
  • Development Economics (15 credits)
  • Economics of Regulation and Competition (15 credits)
  • The Economics of Microfinance (15 credits)
  • Cognitive and Economic Science of Rational Choice (15 credits)
  • Experimental Economics and Game Theory (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:

  • NICE
  • Eli Lilly
  • Oxford Outcomes
  • Gallaher
  • IMS Health
  • OHE
  • IQVIA Health
  • Office of Health Economics

The MSc also provides you with a solid academic foundation should you wish to pursue doctoral research in health economics. Our Master’s graduates have obtained PhDs at UCL, University of Oxford, University of Warwick and University of 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 2020 are now open.

MSc Health Economics (Full time)

MSc Health Economics (Part time)

Contact details

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