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Postgraduate Diploma / MSc in Applied Health Economics

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  • Study Type

    Distance learning & Part time available

  • Subject Areas



    Nursing & Health

  • Start Date

    September, March

  • Course Duration

    1 year

  • Course Type

    MSc, PgDip

  • Course Fees

    £3900 - pay your deposit of £180 within 7 days of being accepted onto the course and save £180 off the balance of your fees. Payment plans are available to help spread the cost of studying.

  • Last Updated

    15 October 2018

Course content

Online Applied Health Economics Courses

Diploma MSc is an award-winning provider of online medical education for Postgraduate Diploma and Masters courses. We are now pleased to add the Health Economics Postgraduate Diploma and Health Economics Masters to our growing range of online courses. Our Health Economics courses are offered in conjunction with our partner, the University of South Wales, who have developed a strong reputation for delivering innovative learning.

Our online Health Economics courses are necessary to address the disparity between national and sub-national decision-making, and between different sub-national regions or institutions. They aim to standardise processes and give practitioners the ability to apply the same principles to their individual decision-making.

The courses in Health Economics will enable healthcare professionals to be well equipped to elicit the maximum value from finite budgets. They will help students understand why Health Economics has and should become integral to healthcare decision making as well as understanding the underlying principles, methodologies and processes associated with this established and growing international discipline.

Applied Health Economics is an established and growing discipline. Populations are ageing and overcrowded; people are living longer and have longer term health management needs. More complex research, development and diagnostic capabilities are leading to higher healthcare costs, healthcare budgets are stretched globally so that applied health economics is now foundational and integral to healthcare decision making at every level. Its principles, methods and related processes are now applied internationally to varying degrees across public, private and mixed healthcare systems and to decisions relating to drugs, devices, treatment pathways and preventative health strategies.

This very practical Postgraduate Diploma and MSc will focus on direct application to current topics, case studies and processes relevant to the student’s own remit and country of practice. Unlike other courses, it covers the key disease area pertinent to Health Economics for healthcare decision making.

Postgraduate Diploma in Applied Health Economics

Our online 1 year Postgraduate Diploma in Applied Health Economics will focus on direct application to current topics, case studies and processes relevant to the student’s own remit and country of practice. The course is worth 120 credits and comprises 6 modules of 20 credits each.

On completion of the Applied Health Economics Diploma, you will be able to:

  • Demonstrate a systematic understanding of the application of Health Economics in healthcare decision making
  • Critically evaluate current research in Health Economics for healthcare decision making
  • Apply a critical awareness of current issues in Health Economic evaluations
  • Implement Health Economic evaluations in clinical practice scenarios

Course Structure

Our 1 year course consists of 6 modules per year, each of 6 weeks duration:

Module 1: Health economic decision making and health technology appraisal/assessment

Module 2: Principles of obtaining patient access in healthcare systems

Module 3: Health economic modelling and analysis

Module 4: Understanding the use of data in health technology assessment

Module 5: National and international health economic decision making

Module 6: Sub-national (regional, institutional) health economic decision making


The course includes clinical scenarios to facilitate problem-solving, critical analysis and evidence-based care. The scenarios act as both the focus for learning and assessment thus embedding assessment within the learning process.

Due to the online nature of the course, students are expected to login and participate in the course regularly throughout the module (ideally on a daily basis).

Students use the skills gained during the lectures to engage with the different activities:

  • Clinical case scenarios with case based discussion - 40%
  • Case based examination - 30%
  • Group/individual activity - 20%
  • Individual learning portfolio - 10%

Teaching Methods

You’ll learn entirely online with the support of a dedicated team who will help you with any challenges you may face - from help with navigating our online learning platform to advice on what you need to do to pass the course and meet deadlines.


You’ll be invited to an Induction Day where you will meet tutors and have workshops on study skills such as scientific writing, levels of evidence, Harvard referencing and reflective writing. The Induction Day will be at the University of South Wales in the UK. It is not compulsory to attend but if you would like to and don't live locally, you can take part online.

MSc in Applied Health Economics

The MSc Health Economics course aims to create professionals who can independently access information and use the information to critically assess, evaluate and disseminate the evidence base related to Health Economics medicine. The online masters in Health Economics will enable more health care professionals to have the required knowledge to treat patients. It will develop problem solving and clinical skills together with preparing students to take a leadership role in Health Economics.

On completion of the course, you will be able to demonstrate:

  • An applied understanding of how established techniques of research and enquiry are used to create and interpret knowledge in an appropriate clinical setting
  • An in-depth knowledge and understanding of the discipline informed by current scholarship and research
  • Advanced level critical skills designed to deal with complex problems
  • Advanced knowledge and competence in health economics

Entry Requirements

Our Health Economics Masters of Science course has been developed for health professionals who are interested in a leadership role within Health Economics including NHS managers, Doctors, Nurses, Allied Health Professionals, CCGs commissioning teams, CCG Pharmacy teams, Pharmaceutical Industry Professionals and Other suitably qualified and interested individuals.

Entry to the 1 year MSc in Health Economics will require the successful completion of the Postgraduate Diploma in Health Economics (120 credits) either from the University of South Wales or from another UK University.

Course Structure and Teaching Methods

Module 1: Research Methodologies and Critical Appraisal - MSc teaching methods for this module are similar to the PG Diploma course modules, however it is run over 12 weeks.

Module 2: Professional Project - To produce the professional project, students continue to use the online course; however much of the work is self-directed.

Visit the Postgraduate Diploma / MSc in Applied Health Economics page on the Diploma MSc website for more details!




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