UCL Graduate degrees


Health Economics and Decision Science MSc

The MSc Health Economics and Decision Science spans economics, statistics and epidemiology. You will receive training in the theoretical foundations of these disciplines, which is enhanced through applied problems. You will benefit from the programme's strong links to industry and gain a range of skills that are in demand from prospective employers.


Key information

Programme starts

September 2020

Modes and duration

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

Application dates

All applicants
Open: 1 November 2019
Close: 28 February 2020

Tuition fees (2020/21)

£10,240 (FT)
£5,080 (PT)
£21,010 (FT)
£10,450 (PT)

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 Students website. Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session.

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

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

Students undertake modules to the value of 180 credits.

You will undertake modules to the value of 180 credits, compromising eight taught modules worth 15 credits each and a substantive piece of student-led research that will carry 60 credits. You must undertake five compulsory modules. The combination/number of modules studied will depend on whether your background is in statistics or economics.

Upon successful completion of 180 credits, you will be awarded a MSc in Health Economics and Decision Science.

Compulsory modules

Five core modules (75 credits) must be selected from the following list. 

  • Health Systems in a Global Context
  • Economic Evaluation in Health Care
  • Medical Statistics I
  • Econometrics for Health
  • One key theory module (out of 2 options) depending on your academic background: Microeconomics for Health or Key Principles of Health Economics
  • Dissertation in Health Economics and Decision Science

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

Optional modules

Three optional modules (45 credits) must be undertaken. It may not be possible to take your preferred optional module because of timetabling and capacity constraints. The list below is subject to change by the time of enrolment. Options may include the following:

  • Modelling for Decision Science
  • Bayesian Methods in Health Economics
  • Health Economics
  • The Social Determinants of Global Health
  • Concepts and Controversies in Global Health
  • Climate Change and Health
  • Medical Statistics II
  • Infectious Disease Epidemiology and Global Health Policy
  • Research Methods and Evidence for Global Health
  • Urban Health
  • Evaluating Interventions
  • Health Management: Planning and Programme Design
  • Gender and Global Health

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

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.


All students undertake an independent research project, which culminates in a dissertation of up to 7000 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 over the summer. This will not be assessed as part of the programme and access to placements is voluntary and based on open competition.

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.

Classes take place during business hours. Modules are delivered as blocks of study. The duration of modules ranges from two to eleven weeks.

Additional costs

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accomodation and living costs.


Details of the accessibility of UCL buildings can be obtained from AccessAble. Further information can also be obtained from the UCL Student Support & Wellbeing team.


Home/EU applicants can apply for a postgraduate bursary offered by the Institute for Global Health. 

Find out more about funding on the Institute for Global Health website

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

Scholarships relevant to this department are displayed below.

Commonwealth Shared Scholarship Scheme (CSSS)

Now closed for 2019/20
Full fees, flights, stipend, and other allowances (1 year)
Based on both academic merit and financial need

IGH Postgraduate Bursaries

Deadline is 1 July 2019
UK/EU Fee rate (1 year)
Based on academic merit

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


Graduates of this programme have the relevant skills and knowledge for a career within the pharmaceutical industry, local or national government departments, international organisations, think tanks, consultancies or in academia among other opportunities such as the Ministry of Health, Office of Health Economics, UCL, King's College London, Frontier Economics, and Evidera.


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 you with a solid theoretical foundation - while allowing you to choose specific pathways within which you can focus on either more advanced modelling or advanced applied economics.

Why study this degree at UCL?

UCL offers a highly multidisciplinary environment in which to study health economics and decision science. The teaching team for this programme comprises economists, statisticians, epidemiologists, mathematicians and public health doctors among others. 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.

Department: Institute for Global Health

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.

There is an application processing fee for this programme of £80 for online applications and £120 for paper applications. Further information can be found at: www.ucl.ac.uk/prospective-students/graduate/taught/application.

Who can apply?

This programme is intended for applicants with a suitable qualification (see entry requirements) in economics, statistics, mathematics or a related quantitative field such as epidemiology, engineering or physics. Candidates with a background in medicine or allied health sciences may be considered if they can demonstrate quantitative proficiency in mathematics and/or statistics at the degree level.

Application deadlines

All applicants
28 February 2020

In addition to the generic application criteria, applicants to this programme are required to write a 500 words research proposal.

For more information see our Applications page.

Apply now

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Page last modified on 21 October 2019