Turn data into evidence-based decisions that influence positive change in the healthcare system by studying the Master of Health Economics. Graduate with advanced skills in resource allocation and economic modelling, and use their expertise to inform policy and health practices on a global scale.
The Master of Health Economics is designed for clinical and non-clinical health professionals who want to improve healthcare systems from the top down. It’s also ideal for those from finance backgrounds hoping to use their knowledge of economics to create healthier, happier communities. For those looking for a health economics program that’s well-established, renowned for its academic research and led by teachers at the very forefront of the field, this is the course to take their career forward.
At its core, the course teaches students how to maximise health benefits and outcomes from available resources. To do this, they’ll develop expertise across a number of specialised skills, including:
- resource allocation
- economic modelling and evaluation
- health technology assessment
- priority setting
- healthcare financing
- policy analysis.
These techniques arm students with knowledge that allows them to make evidence-based decisions that improve the way healthcare systems operate. These are skills that are crucial to career success. Students might be asked to prepare a cost-benefit analysis comparing two different pieces of medical equipment; or they might employ economic modelling to shape health insurance policies that impact thousands. They will graduate with the ability to critically evaluate current research in economic policy, understand the complexities of healthcare financing and make influential contributions to health policy development and debate.
Practical learning opportunities further prepare students for their rise through the sector. Through the course’s project component, they will work with Deakin Health Economics’ active research team to contribute to ongoing research in economic evaluation, finance or policy. There are minor and major research options available, each of which train students in the critical analysis, communication and data translation skills demanded of the modern health economist.
The work-integrated learning elective Postgraduate Health Practicum is a highlight of the course and allows students to undertake 150 hours of industry experience. This can be an agency-based work placement with an approved organisation, or agency-sponsored work based at the Deakin Freelancing Hub. Placement provides valuable professional development opportunities, while giving students the chance to apply new skills in an area of health they’re passionate about. They will also get to work alongside experienced economists and build networks that kickstart their career growth once they graduate.
Throughout the course students will be guided by some of the brightest and most experienced health economics academics in the country. Deakin University's team is one of the largest in Australia and all its academics are active contributors to the field. The insights gathered from their work and research feeds back into the course, ensuring content is fresh, authentic and relevant to the needs of the sector. Deakin University has academics embedded in many renowned healthcare organisations and institutes, across many different roles, so they will have access to the perfect mentor no matter their interests and career aspirations.
