Norwich Medical School

MSc HEALTH ECONOMICS SENSS (3 YR)

Key details 

MSC HEALTH ECONOMICS SENSS (3 YR)

Start Year
2022
Attendance
Part Time
Award
Degree of Master of Science

Assessment for Year 1

Most taught modules will feature a combination of assessment methods, including examinations, course tests and written assignments. 

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Assessment for Year 2

Most taught modules will feature a combination of assessment methods, including examinations, course tests and written assignments. 

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Register interest   
Open Days   

Assessment for Year 3

Most taught modules will feature a combination of assessment methods, including examinations, course tests and written assignments. 

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Year 1

Year 1 consists of the three modules below:

Compulsory Modules ( 60 credits)

Code ECO-7002A  (20 Credits)

This module focuses on various theoretical aspects within the linear regression framework using matrix algebra, complemented by simulations and applications to provide more intuition. A specialist econometrics software is used throughout, allowing a better understanding of the theoretical material using real world data and simulations. After a review of fundamental concepts in Econometrics, the module progresses to a detailed discussion of the multiple linear regression model (MLR), focusing on the theory of estimation, inference, and other important issues, such as, model misspecification and models that involve nonlinearities.

The properties of the OLS estimator are discussed in detail, and simulated examples show all the adverse consequences on these properties if certain assumptions in the data or the population do not hold. Real world applications are considered, discussing whether these assumption hold in reality. For example, the presence and consequences of having non-spherical errors is discussed, focusing on the problem of heteroscedasticity. Moreover, special attention is paid on the problem of endogeneity, while the instrumental variable approach is presented as the main strategy to deal with it.

Code ECO-7003A  (20 Credits)

This is an advanced module in microeconomic theory, designed for postgraduate students with a strong background in economics. The topics covered in this module include the duality approach to demand theory, firm theory, general equilibrium theory, game theory, choice under uncertainty, agency theory and the economics of asymmetric information. The rational-choice foundations of microeconomics are also critically examined.

Code  MED-7006D   (20 Credits)

This module aims to equip you with an understanding of health economics, its value and limitations. It is suitable for students with and without an economics background as the course covers fundamental economic principles and their application to health care. These will include concepts of opportunity cost, supply and demand, efficiency and equity. The module uses these principles to explore relevant topics in health and healthcare. The following topics are covered:

  • The application of economic principles to system level health policy issues such as health care priority setting

  • Alternative models of health care financing and organisation

  • Inequity and inequalities in health and healthcare

  • The use of economic evaluation of health care interventions using techniques such as cost effectiveness analysis and cost benefit analysis

  • The determinants and consequences of health, and the economics of health behaviour

 

Year 2

Year 2 consists of the four modules below:

Compulsory Modules ( 60 credits)

Code  ECO-7001B  (20 Credits)

This module builds on econometrics material covered in earlier modules and is divided into two parts:

1) Time series methods (including ARIMA modelling, stationarity testing, ARCH/GARCH models, Volatility Spillover, VARs , Cointegration and VECMs)

2) Microeconometrics (including panel data methods, and models for binary response variables)

There is an emphasis on the practical application of common estimation techniques, with the specialist econometric software package Stata used extensively.

Code ECO-7019B - (20 Credits)

IN TAKING THIS MODULE YOU CANNOT TAKE ECO-7016B IT IS RECOMMENDED THAT STUDENTS TAKE ECO-7003A IN THE AUTUMN SEMESTER. The module is about modern macroeconomic theory where economies and not their parts are studied. The focus is consequently on the overall performance of the economy rather than on the functioning of particular parts of the economy. The module uses dynamic general equilibrium models where consumers, firms and governments are modelled as forward-looking agents who make the best of the economic environment they live in.

Code  MED-7008E  (20 Credits)

On this module you will understand and critically appraise the economic studies of health care interventions; understand the range of evaluation techniques and appropriate circumstances for application; and appreciate the links between economic evaluation and economic theory, health service research and decision making and to have confidence to conduct further economic evaluation studies.

 

Year 3

Compulsory Modules ( 60 credits)

Code  MED-7007X  (60 Credits)

The purpose of this module is to illustrate the depth of skills and knowledge that have been developed through the MSc programme. The skills to be developed further include being able to: 

  1. Gain practical experience in conducting research in an area of self-chosen content or subject material

  2. Gain practical experience of presenting their research in a written format

  3. Apply their knowledge of qualitative and/or quantitative methodologies to their own area of self-chosen content or subject materia

Students will be encouraged to consider their dissertation work for publication either within the University or in refereed academic journals.

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Entry Requirements

Degree classification

Bachelors degree - 2.2 or equivalent

Degree subject

Economics or related Social Science, Medicine, Pharmacy or other Health Care profession, with substantial quantitative (e.g. Maths / Statistics / Econometrics / Epidemiology) components.

Additional entry requirements

Applicants should normally have a good undergraduate degree from a recognised higher education institution. The University will also take into account the employment experience of applicants where relevant.

The course is also open to medical undergraduates who have successfully completed 3 or 4 years of study and wish to obtain a Masters by intercalation.

You may be required to attend a pre-sessional course in mathematics and statistics run by the School of Economics prior to the start of your course. It runs for two weeks preceding the start of the Masters course in September. This course covers mathematical techniques for Economists, statistics and data analysis using statistical software. There is a separate fee for this course which, for entry in September 2022, is TBC.

Students for whom english is a foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

  • IELTS: 6.0 (minimum 5.5 in only two components with 6.0 in the others)

  • PTE (Pearson): 64 (minimum 59 in two components only with 64 in the other two)

Test dates should be within two years of the course start date.

Other tests, including Cambridge English exams and the Trinity Integrated Skills in English are also accepted by the university. The full list of accepted tests can be found here: Accepted English Language Tests

INTO University of East Anglia

If you do not meet the academic requirements for this course, you may be able to study one of the International Graduate Diploma programmes offered by our partner INTO UEA. These programmes guarantee progression to selected masters degrees if students achieve the appropriate grade. For more details please click here:

International Graduate Diploma in International Development

INTO UEA also run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk

Intakes

This course is open to UK, EU and International applicants. The annual intake for this course is in September each year.
Course Reference Number: 4478414

Fees and Funding

Tuition fees for the Academic Year 2022/23 are: 

  • UK Students: To be announced (full time) 

  • International Students: To be announced (full time) 

If you choose to study part-time, the fee per annum will be half the annual fee for that year, or a pro-rata fee for the module credit you are taking (only available for Home students). 

We estimate living expenses at £1,023 per month. 

Further Information on tuition fees can be found here

 

Scholarships and Bursaries 

The University of East Anglia offers a range of Scholarships; please click the link for eligibility, details of how to apply and closing dates. 

Course related costs

Beyond your course fees, your only expense will be course books. 

Course Reference Number: 4478414

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University.

To apply please use our online application form.

FURTHER INFORMATION

If you would like to discuss your individual circumstances prior to applying please do contact us:

Postgraduate Admissions Office
Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk

International candidates are also encouraged to access the International Students section of our website.

Course Reference Number: 4478414
Key details
Attendance
Part Time
Award
Degree of Master of Science
MSc Health Economics is designed for graduate economists with a keen interest in health economics. It will help you understand the ways in which economic ideas and principles are relevant to, and applied in, health and healthcare. Providing practical experience in the application of health economics techniques, you will gain an appreciation of the links between economic evaluation and economic theory, as well as between health service research and decision-making.   During your time with us you will develop your analytical skills in quantitative research methods and critical appraisal. You’ll hone your ability to apply research results to practice, and to health service decision-making. You’ll also acquire practical skills in the economic analysis of health problems; for example, putting a price on the impact of Type Two Diabetes on a given NHS Trust. 
Schools
Norwich Medical School
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