The mission of the Master of Science in Health Economics (MScHE) program is to provide first-class training in the theoretical foundations and practical applications of health economic methods for decision-making and policy development in health and health care, within the context of the ethical principles of society.
The program provides students with the experience and skills necessary to participate in public health and health services decision-making through training in health systems and the economic principles that guide their organization and function.
The foundation for specialization in health economics is provided through coursework in the core areas of health economics, specifically microeconomics, econometrics, and economic evaluation of health and health care programs.
The overall goal is to provide students with current tools to participate in the frontier of health economic research and practice. An overview of closely related subjects, such as epidemiology, health care ethics and law, and health care management, are included to provide a broad perspective and prepare graduates to work in multi-disciplinary teams and settings.
Aims and Main Learning Objectives
The learning outcomes for students in the MScHE program include the development of a thorough knowledge of the theory and methods used by professional health economists and active researchers in the field and their important contemporary contributions in international scholarly journals.
Students gain an understanding of the key analytical arguments that are used in health economics and their normative foundations and ethical implications. Further, they acquire extensive knowledge of the nature and sources of socio-economic data, current challenges and major areas of research, and the role of observation, abstraction, and model construction to facilitate empirical evaluation.
The career outlook for health economists is very promising. This is underpinned by the diverse range and increasing opportunities for the application of health economics and the current supply of trained professionals (American Journal of Preventive Medicine, 2009; BMJ, 2007).
Training in health economics combines the therapeutic outlook of a physician with the analytical skills of an economist. This synergy of skills and knowledge allows the individual to ensure that the results of a health economic evaluation are placed within the proper context of society and medicine. The Master of Science degree is becoming a standard qualification within the field of health economics (European Journal of Health Economics, 2000).
The mission of the MScHE program is to provide first-class training in the theoretical foundations and practical applications of health economic methods for decision-making and policy development in health and health care.
The program is structured into four compact teaching blocks, followed by a period of individual research work.