Master of Health Economics

COURSE (DOMESTIC STUDENTS)

Overview

Are you a health professional or economist interested in furthering your knowledge of health economics in Australia and internationally? At Deakin, you will join the largest health economics team in Australia.

Get specialist training in the application of health economics to health policy, health technology assessment and the health care system.

Deakin’s Master of Health Economics gives graduates from a range of areas – from nursing and pharmacy to business administration and health management and beyond – a strong theoretical foundation plus analytical and quantitative skills to understand the complexities of health care financing.

You will learn skills in health technology assessment, economic evaluation of health interventions, resource allocation and priority setting, healthcare financing, health systems research and the health economics/health policy interface.

You will also receive high-level training in modelling and health technology assessment. As a graduate, you will be able to critically evaluate current research in economic policy and economic evaluation of health services as well as participate effectively in health policy development and debate.

In addition to numerous career opportunities, you will have the opportunity to join Deakin’s leading health economics academics and progress to a PhD at Deakin University.

Read More VIEW INTERNATIONAL COURSE INFORMATION

Key facts

Duration

2 years full-time or part-time equivalent, depending on your entry point

Campuses

Offered at Burwood (Melbourne) Cloud (online)

Trimester 1

  • Start date: March
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Trimester 2

  • Start date: July
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Key information

Award granted

Master of Health Economics

Year

2018 course information

Estimated tuition fee - full-fee paying place

$23,568 for 1 yr full-time - Full-fee paying place
Learn more about fees and your options for paying.

Estimated tuition fee - (CSP)

Not applicable

Deakin code

H704

CRICOS code

085214E

Level

Higher Degree Coursework (Masters and Doctorates)

Approval status

This course is approved by the University under the Higher Education Standards Framework.

Australian Quality Framework (AQF) recognition

The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9.

Course Structure

To complete the Master of Health Economics students must attain 16 credit points. Most units are equal to 1 credit point - check each unit in the course structure.

In order to gain 16 credit points you will need to study:

  • 7 core units (equal to 7 credit points) (these are compulsory)
  • 3 selective units (equal to 3 credit points) (you can choose which ones to study from the list in the course structure)
  • 6 credit points of elective units (you can choose which ones to study)

Students would normally complete the Master of Health Economics over 4 trimesters of full- time study or the part-time equivalent. As some students will be in full time work, part-time enrolment will mean that these students are expected to complete the course in three to four years.

Students may enrol in the course in either Trimester 1 or 2. It is recommended that students take the minor or major project in their last one or two trimesters.

7

Core units

3

Selective units

6

Elective units

16

Total

Core units

All students must complete the following seven core units:

  • Health Economics 1 HSH717
  • Economic Evaluation 1 HSH719
  • Biostatistics 1 HSH746
  • Health Technology Assessment 1 HSH761
  • Resource Allocation and Priority Setting HSH762
  • Economic Evaluation - Theory and Practice HSH764
  • Economics for Managers MPE781
  • Selective units

    All students must complete a minimum of three selective units from these six options:

  • Epidemiology 1 HSH744
  • Biostatistics 2 HSH747
  • Financing Health Care HSH763
  • Health Technology Assessment 2 HSH765 (not offered 2018)
  • Economics and Health Policy Analysis HSH766
  • Economic Modelling HSH767
  • Elective units

    Students must choose up to six additional credit points of elective study (can include selective units above not already taken) completed as either Option A or Option B. It is also possible to undertake elective units from any other faculty subject to approval of the Course Director. Students interested in pursuing this option should seek the advice of the Course Director before proceeding.

    Option A

  • Minor Project A HSH731 (1 credit point)
  • Minor Project B HSH732 (1 credit point)
  • Plus four elective units

    Option B (for students with a WAM 70%*)

  • Major Project A HSH733 (2 credit points)
  • Major Project B HSH734 (2 credit points)
  • Plus two elective units

    *WAM applies to core units 

    Electives can include selective units not already taken, as well as any of the units below:

  • Policy Lessons From Overseas AIP740
  • Principles and Practice of Public Health HSH701
  • Health and Social Impact Assessment HSH709
  • Global Health Policy and Planning HSH739
  • People, Health and Planning HSH740
  • Health Economics in an International Context HSH768
  • Comparative Health Systems HSH769
  • Managing Public Expenditure AIP780
  • Introduction to Health Informatics Management HBS703
  • Healthcare Operations HME712
  • Other electives may be approved on an individual basis. Course Director approval required.

    Entry requirements

    Deakin University offers admission to postgraduate courses through a number of Admission categories. In all categories of admission, selection is based primarily on academic merit as indicated by an applicant's previous academic record.

    All applicants must meet the minimum English language requirements.

    Entry will be based on performance in:

    • a Bachelor degree or other qualification at a higher AQF level in any discipline

    OR

    • other evidence of academic capability judged to be equivalent

    For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit the Deakin Policy Library.

    Career outcomes

    The MHE will prepare students for careers in: the government sector including the Productivity Commission; pharmaceutical and health technology industries; the non-government sector; the health insurance industry; and international organisations such as the World Health Organisation (WHO), the World Bank, the Asian Development Bank, and the United Nations Development Program (UNDP).  In addition, it will provide students with the opportunity to progress to a PhD at Deakin University and pathways to a career in academia.

    Course learning outcomes

    Graduate Learning Outcomes

    Course Learning Outcomes

    Discipline Specific knowledge and capabilities

    Demonstrate knowledge of the implications of organisational structure, delivery and financing of healthcare services from an economic perspective, including implications for efficiency, equity and access.

    Communication

    Communicate health economic issues to specialist and non-specialist audiences using written reports, oral presentation and digital communication, including:

    • health systems analysis, methods and results of economic appraisal and priority setting exercises;
    • demand and supply of health care;
    • rationale for government intervention;
    • socioeconomic influences on health; and
    • technology assessment.

    Digital Literacy

    Critically evaluate available digital sources of health and health systems data, for systematic reviews, economic modelling and health policy and priority setting recommendations.

    Critical thinking

    Critically evaluate applied economic and conceptual frameworks used in health economics to analyse the effects of political, social and economic policies on health systems and community health, and apply analytic methods including evidence-based research, cost-effectiveness, and decision analyses to inform resource allocation and policy initiatives. 

    Problem Solving

    Independently analyse contemporary health problems from an economic perspective and formulate options for health system reform.

    Self-management

    Demonstrate effective self-management skills, autonomy and accountability that contribute to the development of lifelong learning and professionalism in the area of health economics.

    Teamwork

    Demonstrate knowledge of their role as a health economist to work effectively within health economics and multidisciplinary teams.

    Global Citizenship

    Apply the principles of health economics, evidence-based economic evaluation and priority setting to problems in global health and the strengthening of health systems.

     

    How to apply

    Apply direct to Deakin

    Applications must be made directly to the University through the Applicant Portal. For information on the application process and closing dates, see the how to apply web page. Please note that closing dates may vary for individual courses.

    Apply through Deakin

    Need more information on how to apply?

    For more information on the application process and closing dates, see the How to apply webpage. If you're still having problems, please contact us for assistance.

    Register your interest to study at Deakin

    Please complete the Register your interest form to receive further information about our direct application opportunities.

    Course pathways

    If you have a Graduate Certificate in same discipline or related discipline, you may be eligible for credit for up to 4 credit points (units), which means you can complete in 1.5 years full-time, or part-time equivalent. If you have a Graduate Diploma in same discipline or related discipline, you may be eligible for credit for up to 8 credit points units), which means you can complete in 1 year full-time, or part-time equivalent. If you have a Master’s degree in related discipline, you may be eligible for credit for up to 10 credit points (units), which means you can complete in less than 1 year full-time, or part-time equivalent.

    Tap the infographic to explore your options

    A 'same discipline' award for this course is in health economics, a 'related discipline' award for this course is Master of Public Health (MPH), Master of Business Administration (MBA), master in health management, public policy or applied economics.

    Credit for Prior Learning

    Am I eligible to receive credit for prior learning?

    The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.

    You can also refer to the Credit for Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.

    Faculty contact information

    Health - Student and Academic Services
    Tel 03 9251 7777
    health-enquire@deakin.edu.au

    Workload

    As a student in a Cloud (online) course in the Faculty of Health you will be expected to spend 11-13 hours every week studying, interacting via CloudDeakin and completing assessment tasks for each unit in your course.

    Fee information

    The tuition fees you pay will depend on the type of fee place you hold. 

    • If you are enrolled in a Commonwealth supported place, your tuition fees are calculated depending on the units you choose.
    • If you are enrolled in a full fee paying place, your tuition fees are calculated depending on the course you choose.

    In both cases, the ‘Estimated tuition fee’ is provided as a guide only based on a typical enrolment of students completing the first year of this course. The cost will vary depending on the units you choose, your study load, the length of your course and any approved Credit for Prior Learning you have.

    Each unit you enrol in has a credit point value. The ‘Estimated tuition fee’ is calculated by adding together 8 credit points of a typical combination of units for that course. Eight credit points is used as it represents a typical full-time enrolment load for a year.

    You can find the credit point value of each unit under the Unit Description by searching for the unit in the Handbook.

    Learn more about fees and available payment options.

    Scholarship options

    A Deakin scholarship could help you pay for your course fees, living costs and study materials. If you've got something special to offer Deakin - or maybe you just need a bit of extra support - we've got a scholarship opportunity for you. Search or browse through our scholarships

    Additional course information

    Domestic students enrolled in this postgraduate coursework program may be eligible for student income support through Youth Allowance and Austudy.

    Further information can be found at Deakin University's Fees website.

    Offered campuses

    Burwood

    Just 30 minutes from the city centre, the Melbourne Burwood Campus is Deakin's thriving metropolitan campus.


    Study online at Cloud Campus

    Students are able to study all or part of this course online. You can study anywhere, anytime through Deakin's Cloud Campus.

    Learn more about studying online and the Cloud Campus

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