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MSc Economics

Year of entry: 2020

Course unit details:
Healthcare Economics

Unit code ECON60432
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 2
Offered by School of Social Sciences
Available as a free choice unit? Yes


To equip students with an understanding (and skills to critique) modern economic theories applied to topical issues surrounding the provision of health care.



Learning outcomes

On completion of this unit successful students will be able to demonstrate:
• A good understanding of key economic concepts related to health care provision
• A good knowledge of the topical economic issues surrounding health care provision
• The ability to critically appraise health care policies and reforms
• The skills to produce original work in the form of theoretical models or empirical analysis


Introduction: Private v public provision of health care: Access (WW)

Topic 1 Resource allocation I: Allocative efficiency (budgets) (WW)

Topic 2 Resource allocation II: Technical efficiency (economic evaluation) (CJ)  

Topic 3 Supply, regulation, and financing of health care (TA)

Topic 4 Design of incentive schemes (MP)



Teaching and learning methods

Lecture and tutorial.

Assessment methods

Method Weight
Written exam 75%
Written assignment (inc essay) 25%

Recommended reading

Morris, S, Devlin, N, Parkin, D, and Spencer, A. (2012) Economic Analysis in Healthcare, Wiley

Zweifel P, Breyer F, Kifmann M. (2009) Health Economics. Second Edition. Springer.
Plus standard undergraduate textbooks for microeconomic theory and econometrics.

Study hours

Scheduled activity hours
Lectures 20
Tutorials 5
Independent study hours
Independent study 125

Teaching staff

Staff member Role
Mario Pezzino Unit coordinator
William Rodney Whittaker Unit coordinator
Thomas Allen Unit coordinator
Cheryl Jones Unit coordinator

Additional notes


ECON 60391 (Microeconomics) or ECON 60101 (Microeconomic Theory)

ECON 60611 (Introduction to Econometrics) or ECON 61001 (Econometric Methods)


Lecture: Wednesday 2pm-4pm,
Tutorial: Tuesday 2pm-3pm, 

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