Key facts
Duration
The time and cost can be reduced based on your previous qualifications and professional experience. This means you can fast track the masters degree from 2 years down to 1.5 years. See entry requirements below for more information.
Locations
Course overview
Turn data into evidence-based decisions that influence positive change in the healthcare system by studying the Master of Health Economics. Graduate with advanced skills in resource allocation and economic modelling, and use your expertise to inform policy and health practices on a global scale.
Are you ready to realise your career potential by joining one of the largest and most prominent health economics programs in Australia?
The Master of Health Economics is designed for clinical and non-clinical health professionals who want to improve healthcare systems from the top down. It’s also ideal for those from finance backgrounds hoping to use their knowledge of economics to create healthier, happier communities. If you’re looking for a health economics program that’s well-established, renowned for its academic research and led by teachers at the very forefront of the field, this is the course to take your career forward.
At its core, the course teaches you how to maximise health benefits and outcomes from available resources. To do this, you will develop expertise across a number of specialised skills, including:
- resource allocation
- economic modelling and evaluation
- health technology assessment
- priority setting
- healthcare financing
- policy analysis.
These techniques arm you with knowledge that allows you to make evidence-based decisions that improve the way healthcare systems operate. These are skills that are crucial to your career success. You might be asked to prepare a cost-benefit analysis comparing two different pieces of medical equipment; or you might employ economic modelling to shape health insurance policies that impact thousands. You will graduate with the ability to critically evaluate current research in economic policy, understand the complexities of healthcare financing and make influential contributions to health policy development and debate. Whatever challenges your future role throws at you, you will have the skills needed to make confident, informed choices.
Practical learning opportunities further prepare you for your rise through the sector. Through the course’s project component, you will work with Deakin Health Economics’ active research team to contribute to ongoing research in economic evaluation, finance or policy. There are minor and major research options available, each of which train you in the critical analysis, communication and data translation skills demanded of the modern health economist.
The work-integrated learning elective Postgraduate Health Practicum is a highlight of the course and allows you to undertake 150 hours of industry experience. This can be an agency-based work placement with an approved organisation, or agency-sponsored work based at the Deakin Freelancing Hub. Placement provides valuable professional development opportunities, while giving you the chance to apply your new skills in an area of health you’re passionate about. You will also get to work alongside experienced economists and build networks that kickstart your career growth once you graduate.
Throughout the course you will be guided by some of the brightest and most experienced health economics academics in the country. Our team is one of the largest in Australia and all our academics are active contributors to the field. The insights gathered from their work and research feeds back into the course, ensuring content is fresh, authentic and relevant to the needs of the sector. We have academics embedded in many renowned healthcare organisations and institutes, across many different roles, so you will have access to the perfect mentor no matter your interests and career aspirations.
Key dates
Direct applications to Deakin for Trimester 2 2026 close 21 June 2026
Direct applications to Deakin for Trimester 3 2026 close 18 October 2026
Current Deakin students
To access your official course details for the year you started your degree, please visit the handbook
- Award granted
- Master of Health Economics
- Year
2026 course information
- Deakin code
- H704
- CRICOS code?Commonwealth Register of Institutions and Courses for Overseas Students
- 085214E Burwood (Melbourne)
- Level
- Higher Degree Coursework (Masters and Doctorates)
- Australian Qualifications Framework (AQF) recognition
The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9
Flexible course delivery
Deakin’s blend of online and on-campus learning means you can balance work, study and personal development. Achieve work-life balance – study with Deakin's dedicated support and flexible learning options.
Course structure
To complete the Master of Health Economics, you must pass 8, 12, or 16 credit points. The number of credit points required may vary, depending on your entry point or how much credit you receive as recognition of prior learning (RPL) based on your professional experience and previous qualifications.
A 16-credit point Master of Health Economics includes:
- DAI001 Academic Integrity and Respect at Deakin (0-credit-point compulsory unit) in their first study period
- 8 credit points of core units
- 8 credit points compromising of one of the following:
- a Minor Project (2 credit points), and 6 credit points of course elective units
- a Major Project (4 credit points), and 4 credit points of course elective units.
Most units are equal to one credit point. As a full-time student you will study four credit points per trimester and usually undertake two trimesters per year.
All students are required to meet the University's academic progress and conduct requirements.
All students must complete the following eight core units and one zero credit point unit:
Students must complete a minor or major project option:
Minor Project Option
Plus 6 of the course electives below
Major Project Option
Plus 4 of the course electives below
Other electives may be approved on an individual basis. Course Director approval is required.
Intakes by location
The availability of a course varies across locations and intakes. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Check each intake for up-to-date information on when and where you can commence your studies.
- Start date: March
- Available at:
- Start date: July
- Available at:
- Start date: November
- Available at:
Course duration
You may be able to study available units in the optional third trimester to fast-track your degree, however your course duration may be extended if there are delays in meeting course requirements, such as completing a placement.
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 will complete the course in 3 to 4 years.
Students may enrol in the course in either Trimester 1, 2 or 3. It is recommended that students take the minor or major project in their last 1 or 2 trimesters.
International on-campus students who commence in Trimester 2 or Trimester 3 intakes pursuing the Major Project stream are required to enrol into Trimester 3 of their second year in order to complete the course within their CoE course duration.
Income support
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.
Mandatory student checks
Any unit that contains work integrated learning, a community placement or interaction with the community may require a National Police Record Check, a Working with Children Check or other check. Please refer the relevant unit guide.
Workload
In the Faculty of Health you will be expected to spend 11-13 hours every week studying, interacting online and completing assessment tasks for each unit in your course.
Work experience
Limited places are allocated based on an interview process and academic merit.
Entry requirements
Selection is based on a holistic consideration of your academic merit, work experience, likelihood of success, availability of places, participation requirements, regulatory requirements, and individual circumstances. You will need to meet the minimum academic and English language proficiency requirements to be considered for selection, but this does not guarantee admission.
Depending on your professional experience and previous qualifications, you may commence this course with admission credit and complete your course in 1.5 years full-time (3 years part-time).
1.5 years full-time (or part-time equivalent) - 12 credit points
To be considered for admission to this degree (with 4 credit points of admission credit applied*) you will need to meet at least one of the following criteria:
- completion of a bachelor degree or higher in a related discipline
- completion of a bachelor degree or higher in any discipline, and at least two years' of relevant work experience (or part-time equivalent)
- evidence of academic capability judged to be equivalent
2 years full-time (or part-time equivalent) - 16 credit points
To be considered for admission to this degree (without admission credit applied*) you will need to meet at least one of the following criteria:
- completion of a bachelor degree or higher in any discipline
- evidence of academic capability judged to be equivalent
*Recognition of prior learning will still be considered on a case-by-case basis. Learn more below.
Examples of related discipline areas include, but not limited to: Health Sciences, Public Health, Allied Health, Pharmacy, Commerce, Economics, Management
Examples of relevant work experience include, but not limited to: Health Outcomes Research, Health Technology Assessment, Allied Health, Health Services, Aged Care or Youth Services, Management, Commerce, Policy
To meet the English language proficiency requirements of this course, you will need to demonstrate at least one of the following:
- bachelor degree from a recognised English-speaking country
- IELTS overall score of 6.5 (with no band score less than 6.0) in each component of test
- other evidence of English language proficiency (learn more about other ways to satisfy the requirements)
Learn more about Deakin courses and how we compare to other universities when it comes to the quality of our teaching and learning.
Not sure if you can get into Deakin postgraduate study? Postgraduate study doesn’t have to be a balancing act; we provide flexible course entry and exit options based on your desired career outcomes and the time you are able to commit to your study.
Recognition of prior learning
The University aims to provide students with as much credit as possible for approved prior study or informal learning.
You can refer to the recognition of prior learning (RPL) system which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.
Fees and scholarships
Fee information
Estimated tuition fee - full-fee paying place
$30,600 for 1 yr full-time - Full-fee paying place
Learn more about fees and your options for paying.
The available fee places for this course are detailed above. Not all courses at Deakin have Commonwealth supported places available.
The 'Estimated tuition fee' is provided as a guide only and represents the typical first-year tuition fees for students enrolled in this course. The cost will vary depending on the units you choose, your study load, the length of your course and any approved Recognition of prior learning you have.
One year full-time study load is typically represented by eight credit points of study. Each unit you enrol in has a credit point value. The 'Estimated tuition fee' is calculated by adding together eight credit points of a typical combination of units for your course.
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.
Higher Education Loan Program
Take the next step towards your ultimate degree with a Higher Education Loan Program (HELP) loan to help pay your tuition fees.
You may be eligible for a HELP loan – including FEE-HELP or HECS-HELP – depending on your course, type of fee place, and your citizenship or residency status. Check your eligibility and learn more about Government HELP loans.
Scholarship options
A Deakin scholarship can open the door to new opportunities. Whether you have something unique to offer or simply need a bit of extra support to reach your goals, we’re here to help. Scholarships can assist with course fees, living costs and study materials – so you can focus on achieving your best. Explore the range of opportunities and find the right fit for you.
Postgraduate bursary
We love welcoming Deakin alumni back to continue their journey with us. If you're starting a postgraduate award course, you may be eligible for a 10% discount on your enrolment fees, applied per unit. It's our way of supporting your next step.
Apply now
Apply directly to Deakin
To apply, create an account in the Deakin Application Portal, enter your personal details and education experience, upload supporting documents and submit. Need help? Play this video, or contact one of our friendly future student advisers on 1800 693 888 or submit an online enquiry.
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.
Pathways
Alternate exits
- Graduate Certificate of Health Economics (H504)
- Graduate Diploma of Health Economics (H604)
Career outcomes
The health sector is Australia’s largest and fastest-growing*. With more jobs and an increased demand for skilled health professionals, you will have more opportunities to take your career forward.
Use your specialised skills and extensive practical experience to confidently explore roles in:
- pharmaceutical and health technology industries
- health insurance
- hospitals, community health organisations and healthcare management
- international health organisations such as WHO, UNDP, OECD, the World Bank Group and the Asian Development Bank
- government departments such as Health and Treasury and the Productivity Commission
- non-government agencies, research institutes and think tanks
- corporate consulting firms.
In addition to the diverse career options this course opens up, graduates also have the opportunity to join Deakin’s leading health economics academics by progressing to a PhD.
* Australian Government National Skills Commission Industry Employment Outlook 2021
Professional recognition
Graduates may be eligible for membership with the following professional bodies:
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.
| Deakin 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:
|
| 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. |
*Deakin references data from a range of government, higher education and reputable media sources. For more information, visit our University rankings page.
