University of Sheffield United Kingdom

Health Economics and Decision Modelling

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 1 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon September 2026

Course Overview

The Health Economics and Decision Modelling Masters Degree at the University of Sheffield equips you to critically evaluate the efficiency, cost-effectiveness, and clinical outcomes of healthcare resources. In a field where informed decision-making is paramount for improving public health and allocating scarce resources, this programme provides the practical tools essential for shaping healthcare policy. You will delve into core economic concepts relevant to the healthcare sector, explore economic evaluation methodologies, and learn to model the cost-effectiveness of health technologies and interventions.

This full-time, on-campus Masters programme, studied over one year, immerses you in a comprehensive curriculum including economic evaluation, cost-effectiveness modelling, and health technology assessment. You will develop expertise in medical statistics, evidence synthesis, and advanced simulation methods crucial for healthcare decision-making. The course culminates in a substantial dissertation, offering you the opportunity to lead an independent research project. You will graduate with the analytical and modelling skills highly sought after by roles in health policy, the pharmaceutical industry, and health technology assessment bodies.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This course provides a comprehensive introduction to health economics and decision modelling. You will explore core concepts such as economic evaluation, cost-effectiveness modelling, and methods for valuing health care benefits. The curriculum also covers essential statistical techniques, evidence synthesis, and study design, culminating in advanced simulation methods and a dissertation project.

1 Core modules:

Introduction to Health Economics
Economic Evaluation
Cost-effectiveness Modelling for Health Technology Assessment
Medical Statistics and Evidence Synthesis
Study Design and Systematic Review Methods
Valuing the Benefits of Health Care
Further Statistical Methods for Health Economic Analysis
Advanced Simulation Methods
Dissertation

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 41,395.00
Total Program Cost Estimated total tuition
USD 41,395.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 667.00 - USD 2,267.00
Food & Groceries USD 3,222.00 - USD 4,028.00
Transport USD 806.00 - USD 3,222.00
Utilities & Bills USD 4,028.00 - USD 5,034.00
Estimated Total USD 8,056.00 - USD 11,278.00

Living cost estimates are based on Sheffield Campus.

Outcomes & Employability

What happens after you graduate

92%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Accounting & AuditingAerospace Engineering & DesignAerospace ManufacturingAgricultural Marketing & SalesHome Health & Long‑Term CareIndustrial & Mechanical EngineeringInsurance & Risk ManagementInvestment Management & Asset ManagementLean Manufacturing & Process ImprovementUnmanned Aerial Vehicles (Drones)

Top Employers Hiring for this course

Deloitte UK

HBSC

Lloyds Banking Group

NHS

NHS England

Rolls Royce

Why Study Health Economics and Decision Modelling at University of Sheffield

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Life at University of Sheffield in United Kingdom

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Health Economics and Decision Modelling at University of Sheffield

Can I work while studying?

Work permissions for international students in the UK vary by study level: Diploma students can work 10 hours per week, while Degree students can work up to 20 hours per week during terms.

What English language score do I need for this course?

To meet the English language requirements, you must achieve specific scores: TOEFL overall score of 88, IELTS overall score of 6.5, or PTE overall score of 61. Each test has minimum score requirements for listening, reading, speaking, and writing as well.

What jobs can I get after studying this course?

Potential job titles include Health Economist, Data Analyst, Policy Advisor, Research Scientist, and Project Manager.

What will I actually study in this course?

This course focuses on evaluating healthcare resources, including new drugs and public health initiatives. Students will learn about economic evaluations, cost-effectiveness modelling, and health technology assessments.

When can I start — what are the intake months?

The intake month for the Health Economics and Decision Modelling course is September, so make sure to prepare your application ahead of that time.
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