MSc Health Economics and Decision Modelling
Duration and mode of study: One year full-time; Two years part-time
Principal aims of the course
The role of mathematical modelling in informing healthcare resource allocation decisions has been increasing over the past two decades. The MSc in Health Economics and Decision Modelling is the only Masters programme in the UK with a specific focus on the practical application of mathematical modelling to inform healthcare decision problems. This is a truly bespoke course, bridging the gap between the underlying theory and application of mathematical modelling for decision making and more traditional health economics. The three principal aims of the course are as follows:
- Equip students with a professional level analytical skill-base required to evaluate and improve the efficiency and effectiveness of healthcare systems for which they have responsibility
- Provide an in-depth understanding of current state-of-the-art methods for mathematical modelling to support and inform evidence-based healthcare decision problems
- Provide a firm grounding for students wishing to pursue research degrees in health economics and mathematical modelling
This MSc is very focused on the techniques and methods of health economics and modelling, which are applicable to a vast range of settings.
Stakeholder Organisations
If you represent a commercial organisation, you might consider undertaking sponsorship of a student on the proposed MSc in Health Economics and Decision Modelling.
Prospective Students' Career Prospects
Health economics and decision modelling is undergoing a massive expansion internationally as governments, insurers, healthcare organisations and the pharmaceutical industry meet the need to analyse the costs and benefits of health related strategies. There is an international shortage of qualified specialists at post graduate level.
This internationally focused Masters course is intended to equip participants with the techniques and methods of health economics and modelling to meet these needs. It is ideal for students wishing to pursue a career as a professional health economist / modeller.
This is a quote from a former Sheffield student:
"My employers, the NHS (Scotland), considered it a vital part of my training as a health economist to complete an MSc degree in health economics at the University of Sheffield. Not only did I attain a degree which is extremely useful in my current job, it will also enhance my employment prospects for the future. I enjoyed studying at Sheffield University as the modules were well taught and engaging. The social life in Sheffield is excellent too."
Opportunities exist around the world, including the USA, UK, Europe, Australia and Canada, in:
- the pharmaceutical industry
- government or other policy organisations
- healthcare purchase or provider organisations
- health related consultancy
- the medical research sector
- academia
Click on the following links for information about vacancies currently being advertised:
- International Health Economics Association (iHEA)
- UK universities
- Jobs in Europe
- International Society for Pharmacoeconomics and Outcomes Research (ISPOR) - mainly US based
- The ISPOR Professional Recruitment Assistance Program (Prap)
Contact us
If you would like to ask any questions regarding this Masters programme, please send your e-mail to:
email : Teaching Support Unit