Health Economics

The Master of Health Economics at Deakin University is a comprehensive postgraduate program designed to equip students with the analytical skills and knowledge necessary to address complex health-related economic challenges. This qualification provides an in-depth understanding of economic principles as they apply to healthcare systems, public health policy, and the efficient allocation of resources within the health sector. Throughout the course, students explore topics such as health economic evaluation, healthcare financing, health policy analysis, market dynamics in health services, and the economic impacts of health interventions. The curriculum combines rigorous theoretical frameworks with practical applications, ensuring graduates are prepared to analyze and influence health policy and management decisions effectively.

Students will have opportunities to develop advanced quantitative and qualitative skills, enabling them to undertake health economic research, evaluate the cost-effectiveness of treatments and programs, and contribute to evidence-based policy development. The program also emphasizes critical thinking, ethical considerations, and the ability to communicate complex economic concepts to diverse stakeholders, including policymakers, healthcare providers, and the community. Delivered through a blend of lectures, workshops, case studies, and industry placements, the Master of Health Economics fosters an interactive learning environment that encourages collaborative problem-solving and innovation.

Deakin’s strong links with the health industry and government agencies provide valuable networking opportunities, internships, and exposure to real-world challenges faced by health organizations. Graduates of this program are well-positioned for careers in health economics consultancy, government advisory roles, healthcare management, research institutions, and international health organizations. With its flexible delivery options, including online learning, students can tailor their study to fit their professional commitments while gaining a prestigious qualification from a leading Australian university committed to excellence in education and research. Whether you're aiming to influence health policy, lead health economic evaluations, or contribute to the sustainability of healthcare systems, the Master of Health Economics at Deakin University provides the essential knowledge and skills to succeed in the dynamic field of health economics.

The award depended upon completion is recognised in the Australian Qualifications Framework at Level 8.

Entry will be determined by performance in Bachelor Degree or higher or two years relevant work experience or evidence of academic capacity faking to be equivalent. IELTS overall score of 6.5 with no individual band score less than 6 (or equivalent).

The Finance for the Health Economics program at Deakin University typically offers a range of scholarship opportunities and financial support options to assist students in funding their studies. Students are encouraged to explore university-managed scholarships such as the Deakin Vice-Chancellor’s Merit Scholarship, which provides merit-based financial assistance to high-achieving students. Additionally, the university may offer faculty-specific scholarships and bursaries aimed at supporting students enrolled in health-related disciplines, including health economics. International students can also access various scholarship programs designed to promote diversity and global engagement, such as the Deakin International Scholarships.

Students may also consider government funding options available in Australia, such as Austudy or Youth Allowance, depending on their eligibility and residency status. For Australian citizens and permanent residents, Commonwealth Supported Place (CSP) options might be available, subsidizing the cost of tuition and reducing overall financial burden. There are also HECS-HELP and FEE-HELP loans for eligible students, allowing students to defer part or all of their tuition fees until they are earning an income.

Deakin University provides flexible payment plans to help students manage tuition fees across the duration of their course, including upfront payment options, installment plans, and early payment discounts where applicable. Employment is another financial consideration; many students supplement their income through part-time work, internships, or placements related to health and economics sectors, which can sometimes offer stipends or remuneration.

Students are advised to regularly check the Deakin University website and contact the university’s financial aid office for the most current information on financial assistance, scholarships, and payment options related to the Health Economics program. Early planning and application for available funding sources are recommended to ensure that students can financially sustain their studies throughout their academic journey.

The Bachelor of Health Economics at Deakin University is designed to equip students with a comprehensive understanding of economic principles and their application to health and healthcare systems. This program aims to prepare graduates for careers in health policy, health service management, and economic evaluation within the healthcare sector. The curriculum combines foundational economics with specialized courses in health economics, health policy, and healthcare management, providing students with analytical skills and practical knowledge necessary to assess the efficiency, effectiveness, and equity of health services. Students will explore topics such as healthcare financing, resource allocation, health outcomes measurement, and the economic evaluation of health interventions. The program emphasizes real-world applications through case studies, industry placements, and collaborative projects, enabling students to connect theoretical concepts with practical challenges faced by health systems. Deakin University’s strong links with the health sector, including partnerships with healthcare providers and government agencies, ensure that the program remains closely aligned with current industry needs. Graduates of the Bachelor of Health Economics can pursue careers in government health departments, international health organizations, private consultancy firms, and pharmaceutical companies, among others. They will be equipped to contribute to policy development, economic analysis, and decision-making processes aimed at improving health outcomes and optimizing resource use. The program is part of Deakin’s broader commitment to innovative and flexible learning, offering options for on-campus, online, and mixed-mode study to accommodate diverse student needs. Overall, the Bachelor of Health Economics provides a solid foundation for students passionate about applying economic insights to improve health systems and patient care worldwide.