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Develop the highly sought-after quantitative, theoretical and analytical skills required for decision-making in the healthcare sector and prepare for a career as a health economist.

Who is it for?

Interested in pursuing a rewarding career as a health economist? The Health Economics MSc has been designed for those who have a background in economics and are looking to specialise. However, we also offer provision to those who are new to economics.

In developed and developing countries, the demand for specialists in health economics continues to increase. The Health Economics MSc is designed to meet this demand by introducing you to how microeconomics principles can be applied to the analysis of health and healthcare decisions by consumers, firms and governments.

As a result, you will gain the skills and knowledge you need to work as a Health Economist in the public and private sectors, and international health organisations and NGOs.


The Health Economics MSc will help you:

  • Develop your analytical and modelling abilities
  • Understand the principles of microeconomics applied to health and healthcare
  • Apply principles and methods of economic evaluation
  • Assess the principal theoretical models developed by economists to explain the healthcare sector
  • Understand and apply the advanced quantitative methods used in health economics and economic evaluation
  • Design, analyse and interpret economic evaluation research.

The Department of Economics hosts both the City Health Economics Centre (CHEC) and the London Health Economics Group (LHEG)


This programme has a placement scheme that provides you with a unique opportunity to apply the skills you have learned during the MSc and acquire experience in a workplace environment.

Companies and organisations are invited to meet with you and propose subjects for your dissertation, which will be done during a placement. Organisations and students liaise directly with the approval of the academic supervisor.

Our students secure placements with a wide range of organisations (these may change from year to year), such as:

  • Boehringer Ingelheim
  • Janssen-Cilag
  • Eli Lilly
  • Campbell Alliance
  • Office of Health Economics
  • Otsuka
  • Celgene
  • Curo
  • IMS Health
  • And many others.

Academic facilities

As a Masters student at City, you will benefit from state-of-the art student-geared facilities, including a bright new gym and meeting points. Most importantly, you will benefit from City’s central London location.

Teaching and learning

Modules in  this programme are taught by research-active academic staff, graduate teaching assistants and visiting lecturers. We also invite speakers from the industry and other organisations to present specialised topics in health economics.

The teaching takes place over two terms, from September to June.

Full-time students take 20 weeks of lectures, plus dissertation/literature review and examination periods over one year.

Full-time students who pass all the taught modules during the main exam sessions will finish the programme at the end of September, when they submit their literature review/dissertation.

Full-time students who successfully complete the taught modules in the August re-sit exam session will submit their literature review/dissertation in December.

Part-time students take 20 weeks of lectures, plus literature review/dissertation and examination periods spread over two years and three months.

Part-time students complete all modules over the course of four terms, from September to June, before undertaking their literature review/dissertation.

Part-time students who successfully pass all the taught modules during the main exam periods will finish the programme in December of the second year, when they submit their literature review/dissertation. Part-time students who successfully pass all the taught modules in August submit in March of the following year.


Assessments are typically a combination of unseen written examinations (70% for each module) and coursework (30% for each module), but this can vary by module.

About two-thirds of our students secure a placement at a firm. The placement is an opportunity to gain experience about the sector while writing the MSc final dissertation.


You will take three core modules, plus the following depending on your path:

  • Dissertation path: you take two additional core modules (Microeconomic Theory and Econometrics) and one elective module alongside the Dissertation (Economics Research Project worth 60 credits).
  • Literature survey path: you take two additional core modules ( Microeconomic Analysis and Quantitative Methods (Health)) and three elective modules alongside the Economics Literature Survey (worth 30 credits)

Each module typically has a two-hour lecture and a one-hour tutorial each week, but this may vary. It is not possible to give exact hours per week, as these can vary from term to term depending on which electives you choose.

Part-time students please note modules are taught on weekdays during daytime, alongside students who are studying on the full-time MSc programme. Please contact us for further details.

Career prospects

This MSc prepares you for a wide range of career opportunities in economic consultancies, think-tanks, the pharmaceutical industry, professional associations, governmental bodies and non-governmental organisations. It will also enable you to explore teaching and research positions in academic institutions.

Our MSc Health Economics graduates have gone on to work for companies such as:

  • Abacus International
  • NICE
  • Eli Lilly
  • Oxford Outcomes
  • Gallaher
  • IMS Health
  • OHE

The MSc also provides you with a solid academic foundation should you wish to pursue doctoral research in economics. Our Master’s graduates have pursued PhDs at UCL, Oxford, Warwick and Sheffield.

Visit the Health Economics - MSc page on the City, University of London website for more details!





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