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Health Economics and Decision Science MSc

The UCL MSc in Health Economics and Decision Science spans the disciplines of economics, statistics and epidemiology - training students in applied problems, while providing the theoretical foundations expected of an outstanding UCL postgraduate degree. Strong links to industry and a severe shortage of skills in this area will ensure that graduates of this program are highly employable.

Key information

Programme starts

September 2017

Modes and duration

Full time: 1 year
Part time: 2 years
Flexible: 2-5 years

Tuition fees (2017/18)

£9,020 (FT)
£17,710 (FT)

Application dates

All applicants
Open: 3 October 2016
Close: 28 July 2017

Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Current Students website.

Location: London, Bloomsbury

Entry requirements

A minimum of an upper second‐class UK Bachelor's degree or an overseas qualification of an equivalent standard in a relevant, quantitative subject.

English language requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.

The English language level for this programme is: Good

Further information can be found on our English language requirements page.

International students

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below.

Select your country:

About this degree

Students choose between a decision science or economics stream and complete eight taught modules and a project. Some students will have the opportunity of an industry internship. All graduates will understand how the political, economic and physical context of health systems, frames the application of economics and decision science. Graduates will be able to conduct rigorous cost effectiveness analyses of health technologies and interventions.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research project (60 credits).

Core modules

At least four modules (60 credits) must be selected from the following list. The selection of core modules is specific to the student's preferred stream.

  • Health Systems in a Global Context
  • Health Policy and Reform
  • Economic Evaluation
  • Introductory Microeconomics
  • Medical Statistics I
  • Econometrics
  • Key Principles of Health Economics
  • Modelling for Decision Science
  • Microeconomics for Health

Optional modules

  • Bayesian Methods in Economic Evaluation
  • Health Economics
  • Social Determinants of Health
  • Concepts and Controversies in Global Health
  • Climate Change and Health
  • The PPE of Health
  • Medical Statistics II
  • Research Methods and Evidence for Global Health
  • Economics of Health and Population
  • Urban Health

In addition to the modules listed, student may selected one optional module from any department in UCL.  


All students undertake an indepedant research project, which culminates in a dissertation of up to 10,000 words (60 credits). Some students may conduct their research project together with industry partners.

Teaching and learning

Teaching will be delivered using a wide range of methods including classroom teaching, peer-led seminars, online lectures and practical exercises, moderated debates, group exercises and reading and writing tasks. Assessment varies from written examinations, to essays, portfolios and oral presentations.


A number of students will have the opportunity to undertake an industry placement. This will not be assessed as part of the programme and access to placements is voluntary and based on open competition.


Scholarships relevant to this department are displayed below.

Commonwealth Shared Scholarship Scheme (CSSS)

Full fees, flights, stipend, and other allowances (1 year)
Based on both academic merit and financial need

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.


As the global population grows and ages, so too does the challenge of providing equitable access to cost-effective healthcare. This MSc has been developed to fill a gap in training and skills in higher education, to embrace the multidisciplinary nature of health economics and decision science and provide students with a solid theoretical foundation - while allowing them to choose specific pathways within which they can focus on either more advanced modelling or advanced applied economics.


There is currently a significant shortage of specialists in the area of health economics and decision science. Graduates of this MSc may go on to work within the pharmaceutical industry, local or national government departments, international organisations, think tanks, consultancies or in academia among other opportunities. Course organisers liaise with a range of potential employers to create internship opportunities where students can experience the working environment in their field and develop important professional networks. 

Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2012–2014 graduating cohorts six months after graduation.

Why study this degree at UCL?

UCL offers a unique, multidisciplinary environment in which to study health economics and decision science. The teaching team comprises economists, statisticians, epidemiologists, mathematicians and public health doctors among others. As a world-leading university, we research, publish and consult in the topics we teach. Our strong links to industry, policy and academia enhance the relevance of our teaching and the employment opportunities of our graduates.

Department: Institute for Global Health

Student / staff numbers › 19 staff including 13 postdocs › 98 taught students › 20 research students
Staff/student numbers information correct as of 1 August 2017.

Research Excellence Framework (REF)

The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.

The following REF score was awarded to the department: Institute for Global Health
80% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)

Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.

Application and next steps


Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

Who can apply?

Applicants must have an upper second-class honours degree from a UK university, or an overseas qualification of an equivalent standard in either statistics, economics, epidemiology, demography, applied mathematics or a related field. Candidates with a background in medicine or allied health sciences may be considered if they can demonstrate quantitative proficiency.

Application deadlines

All applicants
28 July 2017

For more information see our Applications page.

Apply now

What are we looking for?

We particularly welcome applications from candidates keen to apply their strong quantitative skills to real-world problems. 

Contact information

Page last modified on 14 September 2017 by UCL Student Recruitment Marketing


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