MSc Health Economics and Decision Modelling

School of Health and Related Research, Faculty of Medicine, Dentistry and Health

We have a global reputation. The 2014 Research Excellence Framework (REF) places us fourth in the UK for research power.

Our research influences policy and improves lives in the developed and the developing world. We employ around 325 staff and attract £6 million per year in external support.

We understand the challenges you face as a healthcare professional. Our masters courses are accessible, practical, flexible and carefully designed to help you develop your career.

About the course

This course is dedicated to the practical application of mathematical modelling to inform healthcare decision making. It bridges the gap between the underlying theory and application of mathematical modelling for decision making and more traditional health economics.

Governments, insurers, health care organisations and the pharmaceutical industry need to analyse the costs and benefits of health-related strategies.

Currently there is an international shortage of qualified specialists in this area. This course is ideal preparation for a career as a professional health economist or modeller.

The programme is suitable for those who wish to pursue careers as applied economists in the health sector or as the basis for doctoral research.

Course content

  • Cost-effectiveness Modelling for Health Technology Assessment
  • Introduction to Health Economics
  • Economic Evaluation
  • Health Research Methods
  • Medical Statistics and Evidence Synthesis
  • Operational Research Techniques in Health Resource Allocation
  • Advanced Simulation Methods
  • Valuing the Benefits of Health Care
  • Dissertation


  • Lectures
  • Seminars
  • Tutorials
  • Independent study


  • Coursework
  • Examinations
  • Dissertation

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ScHARR postgraduate student

Key facts

Course duration

  • 1 year full-time
  • 2-3 years part-time

Entry requirements

Minimum 2:1 honours degree from a recognised university in a numerate subject. Relevant subjects include economics, operational research, mathematics, statistics, industrial engineering, management science, physics or systems control.

English language requirements

Overall IELTS grade of 7.0 with a minimum of 6.5 in each component, or equivalent.

Entry requirements for international students

Fees and funding

Financial information for postgraduate taught courses

Your career

The course is excellent preparation for a career as a professional health economist or modeller, or for academic research. Graduates will be prepared to carry out analytical work at a professional level for a range of organisations including:

  • Pharmaceutical companies
  • Health insurance/sickness funds
  • Healthcare organisations
  • Department of Health/Ministries of Health and associated agencies
  • Municipalities and Public Health departments
  • Universities
  • Management consultancies

Study options to suit you

Our postgraduate degrees are available full-time or part-time. Most courses gives you the option to take the full masters, the diploma or the certificate.

About us

We employ around 325 staff and attract £6 million per year in external support. All our teaching staff are active researchers. They include members of Academy of Medical Sciences, the Royal Pharmaceutical Society and the Royal Society of Public Health. The 2014 Research Excellence Framework (REF) rates us fourth in the UK for research power.

We have experts in health economics, public health sciences, the sociology of health, health psychology, decision analysis, management sciences, epidemiology, medical statistics and information science. Our courses attract students from all over the world.


You'll have 24/7 access to library and computing facilities. We provide specialist information and library services in our information resources section.

Apply now

You can apply for postgraduate study using our Postgraduate Online Application Form. It is a quick and easy process.

Postgraduate Online Application Form

Any questions?

If you'd like to know more about any aspect of our courses, contact us:

Teaching Support Unit
T: +44 (0)114 222 5454