Current Deakin Students
To access your official course details for the year you started your degree, please visit the handbook
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.
The 16 units must comprise
- 8 core units (equal to 8 credit points) (These are compulsory)
- If completing Minor Project Option, students must complete 6 electives units.
- If completing Major Project Option, students must complete 4 electives units.
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 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 commencing Faculty of Health Undergraduate and Postgraduate course work students are required to complete HAI010 Academic Integrity in their first trimester of study (0 credit point compulsory unit).
Students are required to meet the University's academic progress and conduct requirements. Click here for more information.
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 electives below
Major Project Option (for students with a Weighted Average Mark (WAM) 70%*)
Plus 4 of the electives below
*WAM applies to core units
Other electives may be approved on an individual basis. Course Director approval is required.
2020 course information
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)
- Cloud (Online)
Trimester 2 - July
- Start date: July
- Available at:
- Burwood (Melbourne)
- Cloud (Online)
Trimester 3 - November
- Start date: November
- Available at:
- Burwood (Melbourne)
- Cloud (Online)
Additional course information
There are two alternative exit points available from H704 Master of Health Economics:
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.
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.
HSH760 International Perspectives on Health and Social Development.
Limited places are allocated based on an interview process and academic merit.
Deakin University offers admission to postgraduate courses through a number of Admission categories. To be eligible for admission to this program, applicants must meet the course requirements.
All applicants must meet the minimum English language requirements.
Please note that meeting the minimum admission requirements does not guarantee selection, which is based on merit, likelihood of success and availability of places in the course.
For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit the Deakin Policy Library
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
Recognition of 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 Recognition of Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.
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 Recognition of 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 alumnus commencing a postgraduate award course, you may be eligible to receive a 15% reduction per unit on your enrolment fees. Your Immediate Family Members may also be eligible to apply for this bursary.
How to apply
Applications can be made directly to the University through StudyLink Connect - Deakin University's International Student Application Service. 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.
Frequently asked questions
What are the key study start dates?
Browse all start and finish dates for Deakin’s main study periods. You’ll also find dates relating to applications and prospective student events, plus a list of all public holidays and study breaks.
How much does it cost to study at Deakin?
Your tuition fees will depend on the type of student you are, the course you study and the year you start. Fees are based on an annual amount; they don't cover the entire duration of the course.
Use our fee estimator to gauge what your fees could be per year.
Can I speak to someone in person about my study options?
Yes! We regularly host a range of events including 1:1 consultations and information sessions, to assist you with your study options and career planning. Check out our upcoming events or contact our Prospective Student Enquiry Centre on 1800 693 888 for more information.
Am I eligible for a scholarship with this course?
Scholarships are available for domestic and international students at all study levels. Find a scholarship that works for you.
Can I claim recognition of prior learning (RPL) for this course?
In some courses, you can reduce your overall study time and tuition cost by getting your work and previous study experience recognised as recognition of prior learning (RPL).
Why choose Deakin
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.
Graduates may be eligible for membership with the following professional bodies:
- Australian Health Economics Society
- Health Services Research Association of Australia and New Zealand
- International Health Economics Association
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.