Institute for Global Health


MSc HEDS Structure and Modules

All graduates will understand how the political, economic and physical context of health systems, frames the application of economics and decision science.


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 demand for skills in this area mean that graduates of this programme will be highly employable. 

UCL offers a unique, multidisciplinary environment in which to study health economics and decision sceince. The teaching team comprises economists, statisticians, epidemiology, mathematics, and public health doctors. As a world-leading university, we research, publish, and consult on 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. 

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By the end of the programme, students will understand how the political, economic and physical context of health systems frames the application of economics and decision science. Students will also be able to conduct rigorous cost-effectiveness analyses of health interventions and technologies to inform policy at regional, national and international levels. 

Teaching and assessment

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. 


Students undertake modules to the value of 180 credits. The programme consists of five core modules (75 credits), three optional modules (45 credits) and a substantive piece of student-led research in the form of a research dissertation (60 credits). 

Core modules

Five core modules (15 credits each, totalling 75 credits) must be undertaken: 

  1. Health Systems in a Global Context
  2. Medical Statistics 1 (Links to Statistics Handbook for Postgraduate Taught)
  3. Econometrics for Health
  4. Economic Evaluation of Health Care
  5. One key economics module (out of 2 options) depending on the student's academic background:

*Students without a previous qualification in economics wishing to take this module must complete the pre-requisite module Introductory Microeconomics for Health

A supplementary, non-credit bearing Mathematics and Statistics pre-programme revision course is required of all students. 

Optional modules

Three optional modules (15 credits each, totalling 45 credits) must be undertaken: 

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


All students must undertake an independent research project, which culminates in a dissertation of up to 7,000 words (60 credits). Some students may conduct their research project together with industry partners. 


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.