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
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.
All students must complete the following seven core units:
All students must complete a minimum of three selective units from these six options:
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.
Plus four elective units
Option B (for students with a WAM 70%*)
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:
Other electives may be approved on an individual basis. Course Director approval required.
Campuses by intake
Campus availability varies per trimester. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Read more to learn where this course will be offered throughout the year.
Trimester 1 - March
- Start date: March
- Available at:
- Burwood (Melbourne)
Trimester 2 - July
- Start date: July
- Available at:
- Burwood (Melbourne)
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.
Course duration - additional information
Course duration may be affected by delays in completing course requirements, such as accessing or completing work placements.
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.
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
- 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.
Fees and scholarships
Learn more about fees and your options for paying.
The tuition fees you pay are calculated depending on the course you choose.
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.
A Deakin scholarship might change your life. If you've got something special to offer Deakin – or you just need the financial help to get you here – we may have a scholarship opportunity for you.
If you’re a Deakin alumni commencing a postgraduate award course, you may be eligible to receive a 15% reduction per unit on your enrolment fees. Your spouse and members of your immediate family may also be eligible to apply for this bursary.
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
Deakin's graduate learning outcomes describe the knowledge and capabilities graduates can demonstrate at the completion of their course. These outcomes mean that regardless of the Deakin course you undertake, you can rest assured your degree will teach you the skills and professional attributes that employers value. They'll set you up to learn and work effectively in the future.
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.
Communicate health economic issues to specialist and non-specialist audiences using written reports, oral presentation and digital communication, including:
Critically evaluate available digital sources of health and health systems data, for systematic reviews, economic modelling and health policy and priority setting recommendations.
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.
Independently analyse contemporary health problems from an economic perspective and formulate options for health system reform.
Demonstrate effective self-management skills, autonomy and accountability that contribute to the development of lifelong learning and professionalism in the area of health economics.
Demonstrate knowledge of their role as a health economist to work effectively within health economics and multidisciplinary teams.
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 Apply web page. Please note that closing dates may vary for individual courses.
Need more information on how to apply?
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.