MBA Master of Business Administration
The MBA program at the University of Sheffield offers a comprehensive curriculum design...
MSc Health Economics and Decision Modelling
Western Bank
INTAKE: September
Program Overview
The MSc in Health Economics and Decision Modelling at the University of Sheffield is designed to provide students with advanced knowledge in health economics and the practical tools needed for decision-making in healthcare. The program explores key concepts such as cost-effectiveness analysis, health outcomes measurement, and economic evaluation of healthcare technologies. Students will develop the skills to create, apply, and critically assess health economic models, learning how to analyze data and make informed decisions that can improve healthcare systems. The program is structured to give students both a theoretical foundation and practical skills in health economics and decision modelling, making it an ideal choice for those interested in influencing healthcare policy or improving healthcare delivery through economic analysis.
Curriculum: The curriculum for the MSc in Health Economics and Decision Modelling includes a mix of core modules and optional units. Key areas of study include microeconomics, econometrics, health economics theory, economic evaluation techniques, and advanced decision modelling methods. Students will explore the role of decision modelling in evaluating the cost-effectiveness of health interventions, including methods such as Markov models, decision trees, and probabilistic sensitivity analysis. The program also covers the application of economic principles to healthcare policy, regulation, and financing, allowing students to understand how health economics informs real-world decision-making. Alongside these core modules, students can choose from a range of optional modules that allow them to specialize in specific areas, such as pharmaceutical economics, public health economics, or global health economics. The program culminates in a research project or dissertation, where students apply their knowledge to a real-world health economics issue, conducting independent research under the supervision of experienced faculty members.
Research Focus: The research focus of the MSc in Health Economics and Decision Modelling at the University of Sheffield is grounded in the evaluation of healthcare interventions and the use of decision modelling to inform policy and clinical decision-making. Faculty members at the university are involved in cutting-edge research that addresses key issues in health economics, including the evaluation of new healthcare technologies, the analysis of healthcare financing models, and the study of global health disparities. Students will have the opportunity to engage with ongoing research projects and contribute to the development of new methodologies in health economics. Research areas also include health outcomes measurement, the impact of healthcare policies on economic performance, and the application of decision modelling in different healthcare contexts, such as mental health, chronic disease management, and global health challenges.
Industry Engagement: The MSc in Health Economics and Decision Modelling offers significant opportunities for industry engagement, allowing students to build connections with professionals working in health economics, policy analysis, and decision modelling. The University of Sheffield has strong links with healthcare organizations, government agencies, and research institutions, providing students with opportunities for internships, placements, and collaborative research projects. These industry connections enable students to gain practical experience and develop the professional skills needed to succeed in the healthcare sector. Additionally, the program includes guest lectures, seminars, and workshops delivered by industry experts, providing students with insights into current trends and developments in health economics. The program also supports students in building networks within the healthcare industry, which can enhance their employability and career prospects upon graduation.
Global Perspective: The MSc in Health Economics and Decision Modelling at the University of Sheffield adopts a global perspective, recognizing the importance of health economics and decision modelling in addressing global health challenges. Students will explore the economic evaluation of healthcare systems and policies in a variety of international contexts, comparing healthcare financing models and the distribution of resources in different regions of the world. The program examines the role of health economics in shaping global health policy, including the challenges posed by infectious diseases, aging populations, and the rising costs of healthcare. By studying global health issues and decision modelling techniques, students gain a comprehensive understanding of how economic analysis can inform healthcare decisions worldwide. This global perspective prepares graduates to work in international organizations, governmental agencies, and non-governmental organizations that focus on improving healthcare systems and health outcomes around the world.
Location
Western Bank
Score
IELTS 6.5
Tuition Fee
£ 27650
Postgraduate Entry Requirements:
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60%-70% or equivalent.
- English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.
- TOEFL: A minimum overall score of 88, with at least 19 in Listening, 20 in Reading, 22 in Speaking, and 19 in Writing.
- PTE Academic: A minimum overall score of 61 with no individual score below 56.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
Postgraduate students may be eligible for the following scholarships:
Postgraduate Taught Merit Scholarship: This scholarship is available to UK, EU, and international students who have a conditional or unconditional offer to study a full-time or part-time postgraduate taught course at the University of Sheffield. The scholarship is worth 50% of the tuition fee for each year of study.
International Merit Postgraduate Taught Scholarship: This scholarship is available to international students who have a conditional or unconditional offer to study a full-time postgraduate taught course at the University of Sheffield. The scholarship is worth 50% of the tuition fee for each year of study.
Commonwealth Shared Scholarship Scheme: This scholarship is available to students from eligible developing Commonwealth countries who have a conditional or unconditional offer to study a full-time postgraduate taught course at the University of Sheffield. The scholarship covers the full tuition fee, airfare to and from the UK, and a monthly stipend.
Graduates of the MSc Health Economics and Decision Modelling program have diverse and promising career prospects in various fields.
Health Economist: Graduates can pursue roles as health economists, working with governments, healthcare institutions, and consulting firms to analyze and improve healthcare systems.
Health Policy Analyst: With expertise in health economics, graduates can work as health policy analysts, providing evidence-based recommendations for healthcare policy development.
Healthcare Consultant: Graduates can explore careers as healthcare consultants, advising on healthcare efficiency and cost-effectiveness.
Academic and Research Roles: The program equips students to work in academic and research institutions, contributing to health economics and decision modeling research.
Pharmaceutical Industry: Graduates can work in the pharmaceutical industry, conducting health economic evaluations and supporting market access strategies.
