Master of Health Economics

2 Years On Campus Masters Program

Deakin University

Program Overview

The Master of Health Economics at Deakin University is designed for those passionate about improving health systems and policies through economic analysis. This program is ideal for students looking to blend their interests in health and economics, equipping them with the skills to tackle real-world health challenges.

Curriculum Structure

Year 1: Students build core knowledge in health economics, economic evaluation, epidemiology, biostatistics, health technology assessment, resource allocation and priority setting, developing the analytical skills needed to evaluate healthcare policies and interventions.

Year 2: Students deepen their expertise through advanced electives such as Economics and Health Policy Analysis, Economic Modelling, Financing Health Care, Health Economics in a Global Context and Epidemiology 2, while completing a minor or major research project.

Focus Areas: Health policy, economic evaluation, global health, health systems analysis.

Learning Outcomes: Critical analysis of health economic issues, application of economic evaluation methods, development of health policy recommendations.

Professional Alignment (Accreditation): The program aligns with industry standards and is recognized by relevant professional bodies in health economics.

Reputation (Employability Rankings): Deakin University consistently ranks highly in employability, with strong performance in QS World University Rankings and Guardian University Guide.

Experiential Learning (Research, Projects, Internships etc.)

At Deakin University, the Master of Health Economics program is designed to provide students with a rich blend of theoretical knowledge and practical skills that are essential for a successful career in health economics. The program emphasizes experiential learning, allowing students to engage in real-world projects, collaborate with industry professionals, and utilize state-of-the-art facilities and tools. This hands-on approach not only enhances your understanding of health economics but also prepares you for the challenges of the workforce.

Here are some key aspects of the experiential learning opportunities available in the Master in Health Economics program:

- Industry Projects: Engage in group projects that involve real-world health economics challenges, allowing you to apply your knowledge in practical settings.
- Internships: Gain valuable work experience through internships with health organizations, government agencies, and private sector companies, providing insights into the industry.
- Digital Tools: Utilize advanced software such as STATA and R for data analysis, which are essential for conducting economic evaluations and health research.
- Field Trips: Participate in field trips to health institutions and organizations, giving you firsthand exposure to the health economics landscape.
- Research Facilities: Access dedicated research laboratories equipped with the latest technology to support your studies and projects.
- Libraries and Resources: Benefit from Deakin’s extensive library resources, including access to specialized databases and journals in health economics.
- Collaboration with Institutes: Work alongside renowned institutes and research centers affiliated with Deakin, enhancing your learning experience and networking opportunities.

Progression & Future Opportunities

Graduating with an Master of Health Economics from Deakin University opens up a world of opportunities in a rapidly growing field. Graduates are well-prepared for roles such as Health Economist, Policy Analyst, and Research Consultant, where they can make significant contributions to healthcare systems and policies. The demand for skilled professionals in health economics is on the rise, making this an excellent time to pursue your studies.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: Deakin offers dedicated career services, including personalized career coaching, resume workshops, and networking events that connect students with industry professionals.
- Employment Stats and Salary Figures: According to recent data, graduates in health economics can expect a starting salary of around AUD 70,000, with experienced professionals earning upwards of AUD 100,000 annually.
- University–Industry Partnerships: Deakin has strong partnerships with leading health organizations and government agencies, providing students with valuable internship opportunities and real-world experience.
- Long-term Accreditation Value: The MA in Health Economics is recognized by industry bodies, ensuring that your qualification remains relevant and respected in the job market.
- Graduation Outcomes: Over 90% of Deakin graduates find employment within six months of completing their degree, reflecting the strong demand for health economics professionals.

Further Academic Progression: After completing your Master of Health Economics, you may choose to further your studies by pursuing a PhD in Health Economics or related fields. This advanced degree can open doors to academic positions, high-level research roles, and leadership opportunities in health policy and management. Additionally, you could explore specialized certifications or short courses to enhance your expertise and stay current with industry trends.