Health Economics

Program Description:

The Master of Health Economics at Deakin University is designed to equip students with the essential skills and knowledge to analyze and interpret economic issues within the healthcare sector. This comprehensive program prepares graduates to contribute effectively to health policy development, health service management, and the efficient allocation of healthcare resources. Covering core topics such as health policy, health systems, economic evaluation, and statistical methods, the course provides a robust foundation for understanding the complex economic factors influencing health outcomes. Students will engage with real-world case studies and advanced quantitative techniques to assess the cost-effectiveness of healthcare interventions and reforms. The program also emphasizes critical thinking and research skills, enabling graduates to undertake independent analysis and evidence-based decision-making. Delivered by experienced academics and industry professionals, the Master of Health Economics combines theoretical instruction with practical application, ensuring students are job-ready upon graduation. Flexible learning options, including both on-campus and online modules, allow students to tailor their studies to their professional and personal commitments. Graduates of this program are well-positioned for careers in health policy agencies, government health departments, healthcare consulting firms, and non-governmental organizations focused on health and social services. The Master's program also provides a solid pathway for students interested in further academic research, including pursuing doctoral studies in health economics or related fields. Enrolling in this program promises an enriching academic experience that develops critical analytical skills and deepens understanding of the economic challenges faced by the modern healthcare system, preparing graduates to make a meaningful impact in the health sector locally and globally.

Program Overview

The Master of Health Economics at Deakin University offers a comprehensive curriculum designed to equip students with the knowledge and skills necessary to analyze and influence health policy, manage healthcare resources, and improve health outcomes through economic evaluation. This program combines theoretical foundations with practical applications, preparing graduates for careers in government agencies, healthcare organizations, consulting firms, and international health institutions.

Core modules cover essential topics such as health economics principles, health policy analysis, health systems management, and economic evaluation methods. Students learn how to assess the cost-effectiveness of healthcare interventions, analyze health economic data, and develop strategies to optimize resource allocation within complex health systems. The program emphasizes the importance of evidence-based decision-making and equips students with skills in quantitative analysis, data interpretation, and critical thinking.

In addition to core courses, students can choose from a range of electives tailored to specific interests, including global health economics, pharmaceutical economics, and health technology assessment. The program also offers opportunities for practical learning through industry projects, internships, and collaborations with healthcare providers, allowing students to apply their knowledge in real-world settings.

The Master of Health Economics is designed for individuals seeking to advance their careers in health policy development, health economics research, or consultancy. The program fosters an interdisciplinary approach, integrating insights from economics, public health, and healthcare management. By the end of the program, graduates will be equipped with the analytical tools necessary to influence health policy and improve healthcare delivery systems globally.

Deakin University's state-of-the-art facilities, experienced faculty, and strong industry connections ensure that students receive a high-quality education grounded in current industry practices and research. This program prepares graduates to meet the growing demand for health economists who can navigate the complexities of modern healthcare environments and contribute to sustainable health solutions.

Entry will be based on operation in Bachelor Degree or higher in any area or signs of academic capacity purport to be equivalent.

Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

The financing studies of the Health Economics program at Deakin University encompass a comprehensive overview of the funding options available to students pursuing this degree, as well as insights into potential financial support mechanisms. Deakin University offers a range of scholarships and financial aid tailored to assist students in managing the costs associated with their studies. These include merit-based scholarships awarded to high-achieving students, as well as need-based financial assistance aimed at reducing barriers to higher education access. International students have access to specific scholarship programs designed to promote diversity and inclusion within the student body.

The program’s tuition fees are set annually and differ for domestic and international students. Domestic students may be eligible for government subsidies and loan schemes, such as the Commonwealth Supported Place (CSP) and HECS-HELP loan, which significantly reduce upfront costs by allowing students to defer part of their tuition fees until they are earning a taxable income above the specified threshold. International students generally pay full tuition fees, which are payable per trimester and can be financed through private means or student loans available through external financial institutions.

Funding options extend beyond scholarships and government support. Deakin University provides payment plans and financial counseling services to help students budget and plan their finances throughout their studies. Additionally, students are encouraged to explore external scholarships offered by industry bodies, health organizations, and government programs relevant to health economists and policy analysts. The availability of part-time work opportunities, both on and off-campus, also serves as a supplementary income source, enabling students to balance work and study commitments effectively.

Furthermore, the program’s focus on career readiness ensures that graduates are well-positioned to secure employment in various sectors, including government, healthcare agencies, research institutions, and the private sector, thereby facilitating financial stability post-graduation. International students are advised to consider currency exchange rates and international fee policies when planning their finances. Overall, the financing landscape of the Health Economics program at Deakin University is designed to provide multifaceted support, ensuring that students can access quality education with manageable financial planning.

The Master of Health Economics at Deakin University is a comprehensive postgraduate program designed to equip students with advanced knowledge and skills in health economics, health policy, and health management. The program aims to prepare graduates for careers in healthcare organizations, government agencies, research institutions, and consultancy firms, where they can contribute to the efficient allocation of healthcare resources and the development of effective health policies. The curriculum covers key topics such as economic evaluation, health financing, health system analysis, and the economic aspects of healthcare delivery. Students will also gain expertise in quantitative methods, policy analysis, and the ethical considerations involved in health economics decision-making. The program offers flexible learning options, including online and on-campus study modes, to accommodate the diverse needs of students. It is suitable for health professionals, economists, policymakers, and graduates from related fields seeking to deepen their understanding of health economics and its application in real-world contexts. Throughout the course, students may have the opportunity to engage in practical projects, case studies, and internships to develop their analytical skills and industry experience. The faculty consists of experienced academics and industry practitioners, providing students with valuable insights and mentorship. Upon graduation, students are well-positioned to influence health policy formulation, conduct economic research on healthcare issues, and improve health service delivery. Deakin University's strong industry links and focus on practical applications ensure that graduates are ready to meet the challenges of the evolving healthcare landscape and contribute to better health outcomes globally.