MSc Health Economics SeNSS (3 yr)

Key details

MSC HEALTH ECONOMICS SENSS (3 YR)

Start Year

2023

Attendance

Part Time

Award

Degree of Master of Science

Duration (years)

How can we increase effectiveness and efficiency? What is the monetary impact of smoking on the healthcare system? What value should we place on this drug or procedure? In an era of diminished budgets and ageing populations, health economists are in more demand than ever.

Study Health Economics at UEA and you’ll learn to make decisions that really count. Based in the Norwich Medical School, you’ll not only develop an understanding of economic concepts related to health, public health, and health services policy, you’ll be part of a school at the forefront of research. You’ll train with a wide range of healthcare students, taught by leading academics, and you’ll be connected to a well-respected group of researchers who advise on international and national policies that affect people’s health, worldwide.

You’ll graduate ready to research and tackle some of the biggest questions in the provision of care for national government, the NHS, the private sector or research organisation.

About

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.

Being taught within a research-active health economics group, you will have direct access to the most up-to-date statistics and thinking, and to people with real-world health economics research experience. You’ll also have the opportunity to expand upon an area of active research that interests you most, as you work on your dissertation within this stimulating academic environment.

This SeNSS pathway specifically prepares you for PhD study, and if eligible, enables you to apply for funding via the South East Network for Social Sciences (SeNSS) Doctoral Training Partnership, to which UEA belongs. Funding may be applied for as either a 1+3 Studentship (MSc Health Economics SeNSS + PhD), or solely for a PhD Studentship if you graduate the Masters course with a Distinction / Merit.

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Important Information

Whilst the University will make every effort to offer the courses listed, changes may sometimes be made arising from the regular review of course programmes. Where this activity leads to significant (but not minor) changes to programmes, there will normally be prior consultation of students and others. Changes may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will inform students.

Assessment for Year 1

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

Structure

The MSc Health Economics SeNSS can be completed in one year full-time, or over two or three years part-time. During this time, you’ll complete four core taught modules in Macro and Micro Economics, Econometric Theory and Applied Econometrics, as well as two specialist modules: Health Economics and Econometric Evaluation in Health Care. You will also be introduced to Qualitative Research Methods via a non-credit-bearing module. 

In addition to the taught modules, you’ll research and write your sixty-credit Master’s dissertation on a health economics topic of your own choosing. You could decide to work on a systematic review and synthesis of previous research, to undertake your own original data analysis, or to work on a combination of the two. Whatever route you go down, you’ll be assigned a supervisor to guide you throughout.

Teaching and Learning

You’ll be taught through a combination of lectures, student-led seminars and computer practicals. The exact arrangements will vary from module to module, but each will include around 30-35 contact hours.

A high degree of student participation is required for this course, so you will be expected to fully prepare for all student-led sessions and seminars.

Independent study

For each taught module you will spend around 200 hours in private study, preparing for lectures, seminars and assessment. This is your opportunity to read widely, broadening your knowledge and understanding of the subject.

Your research dissertation will occupy you for the equivalent of about three months full-time, during which you’ll work independently under the guidance of your supervisor. You’ll need to read widely and undertake analysis, exploiting the skills and knowledge you’ve acquired through our taught modules.

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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.

Structure

Teaching and Learning

Teaching

A high degree of student participation is required for this course, so you will be expected to fully prepare for all student-led sessions and seminars.

Independent study

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Assessment for Year 3

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

Structure

Teaching and Learning

Teaching

A high degree of student participation is required for this course, so you will be expected to fully prepare for all student-led sessions and seminars.

Independent study

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MSC - THREE YEARS PART TIME: Year 1 will consist of the three modules below.

Assessment for Year 1

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

Compulsory Modules

ECONOMETRIC THEORY

Code ECO-7002A

Credits 20

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.

ECONOMIC THEORY I

Code ECO-7003A

Credits 20

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.

HEALTH ECONOMICS

Code MED-7006D

Credits 20

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.

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Important Information

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring and review of modules. Where this activity leads to significant change to a programme and modules, the University will endeavour to consult with affected students. The University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff. Availability of optional modules may be restricted owing to timetabling, lack of demand, or limited places. Where this is the case, you will be asked to make alternative module choices and you will be supported during this process.

Year 2 will consist of the four modules below.

Assessment for Year 2

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

Compulsory Modules

APPLIED ECONOMETRICS

Code ECO-7001B

Credits 20

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.

ECONOMIC THEORY II

Code ECO-7019B

Credits 20

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.

ECONOMIC EVALUATION IN HEALTH CARE

Code MED-7008E

Credits 20

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.

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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.

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.

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Course Reference Number: 6884762

MSc HEALTH ECONOMICS SENSS (3 YR)