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The MSc Health Economics and Decision Science spans economics, statistics and epidemiology. You will receive training in the theoretical foundations of these disciplines, which is enhanced through applied problems. You will benefit from the programme's strong links to industry and gain a range of skills that are in demand with prospective employers.

About this degree

You can choose to focus on decision science or economics through a specific stream of the programme. By the end of the programme, you will understand how the political, economic and physical context of health systems frames the application of economics and decision science. You will also be able to conduct rigorous cost-effectiveness analyses of health interventions and technologies. 

Students undertake modules to the value of 180 credits.

You will undertake modules to the value of 180 credits compromising eight taught modules worth 15 credits each and a substantive piece of student-led research that will carry 60 credits. You must undertake either four or five compulsory modules. The combination/number of modules studied will depend on your chosen stream and whether your background is in statistics or economics.

Compulsory modules

At least four modules (60 credits) must be selected from the following list. The selection of compulsory modules is specific to your preferred stream.

  • Health Systems in a Global Context
  • Health Policy and Reform
  • Economic Evaluation of Health Care
  • Introductory Microeconomics for Health
  • Medical Statistics I
  • Econometrics for Health
  • Key Principles of Health Economics
  • Modelling for Decision Science
  • Microeconomics for Health

Optional modules

  • Bayesian Methods in Economic Evaluation
  • Health Economics
  • Social Determinants of Health
  • Concepts and Controversies in Global Health
  • Climate Change and Health
  • The PPE of Health
  • Medical Statistics II
  • Research Methods and Evidence for Global Health
  • Economics of Health and Population
  • Urban Health

In addition to the modules listed, you may select one optional module from any department in UCL. 


All students undertake an independent research project, which culminates in a dissertation of up to 8,000 words (60 credits). Some students may conduct their research project together with industry partners.

Teaching and learning

Teaching will be delivered using a wide range of methods including classroom teaching, peer-led seminars, online lectures and practical exercises, moderated debates, group exercises and reading and writing tasks. Assessment varies from written examinations, to essays, portfolios and oral presentations.


A number of students will have the opportunity to undertake an industry placement. This will not be assessed as part of the programme and access to placements is voluntary and based on open competition.

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.


Home/EU applicants can apply for a postgraduate bursary offered by the Institute for Global Health. 

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.


Graduates of this programme have the relevant skills and knowledge for a career within the pharmaceutical industry, local or national government departments, international organisations, think tanks, consultancies or in academia among other opportunities.


As the global population grows and ages, so too does the challenge of providing equitable access to cost-effective healthcare. This MSc has been developed to fill a gap in training and skills in higher education, to embrace the multidisciplinary nature of health economics and decision science and provide you with a solid theoretical foundation - while allowing you to choose specific pathways within which you can focus on either more advanced modelling or advanced applied economics.

Why study this degree at UCL?

UCL offers a highly multidisciplinary environment in which to study health economics and decision science. The teaching team for this programme comprises economists, statisticians, epidemiologists, mathematicians and public health doctors among others. As a world-leading university, we research, publish and consult on the topics we teach. Our strong links to industry, policy and academia enhance the relevance of our teaching and the employment opportunities of our graduates.

Department: Institute for Global Health


Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

There is an application processing fee for this programme of £75 for online applications and £100 for paper applications. Further information can be found at:

Who can apply?

This programme is intended for applicants with a suitable qualification (see entry requirements) in statistics, economics, epidemiology, demography, applied mathematics or a related field. Candidates with a background in medicine or allied health sciences may be considered if they can demonstrate quantitative proficiency.

Application deadlines

All applicants

26 July 2019

For more information see our Applications page.

Visit the Health Economics and Decision Science MSc page on the University College London website for more details!