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Health Economics and Decision Science - MSc

Course Description

The UCL MSc in Health Economics and Decision Science spans the disciplines of economics, statistics and epidemiology - training students in applied problems, while providing the theoretical foundations expected of an outstanding UCL postgraduate degree. Strong links to industry and a severe shortage of skills in this area will ensure that graduates of this program are highly employable.

Degree information

Students choose between a decision science or economics stream and complete eight taught modules and a project. Some students will have the opportunity of an industry internship. All graduates will understand how the political, economic and physical context of health systems, frames the application of economics and decision science. Graduates will be able to conduct rigorous cost effectiveness analyses of health technologies and interventions.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research project (60 credits).

Core modules - at least four modules (60 credits) must be selected from the following list. The selection of core modules is specific to the student's preferred stream.
-Health Systems in a Global Context
-Health Policy and Reform
-Economic Evaluation
-Introductory Microeconomics
-Medical Statistics
-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, student may selected one optional module from any department in UCL.

All students undertake an indepedant research project, which culminates in a dissertation of up to 10,000 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 course and access to placements is voluntary and based on open competition.


There is currently a significant shortage of specialists in health economics and decision science. Graduates of the MSc in Health Economics and Decision Science may go on to work within the pharmaceutical industry, local, national government departments, international organizations, think tanks, consultancy or in academia among other opportunities.

Why study this degree at UCL?

UCL offers a unique, multidisciplinary environment in which to study health economics and decision science. The teaching team comprises economists, statisticians, epidemiologists, mathematicians and public health doctors among others. As a world-leading university, we research, publish and consult in 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.

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

Entry Requirements

For the latest admission requirements, see the website: View Website

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