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Monash University

Graduate Certificate in Health Economics

Course code: 2680 ~ Course abbreviation: GradCertHealthEc ~ Total credit points required: 24 ~ 0.5 years full-time, 1 year part-time ~ Managing faculty: Business and Economics

Study mode and course location

Off- campus (Clayton)

    Course description

This course is designed to provide those involved in the health care industry with knowledge and skill in the principles of health economics and their application to health care policy and evaluation. The course provides the skills necessary to analyse components of the health system from an economic perspective, including the evaluation of health care programs and interventions, efficiency in service delivery, and the distribution of health outcomes.

Course objectives

The learning goals associated with this course are to: apply basic economic concepts and the economic way of thinking to the analysis of the health sector; demonstrate an economic way of thinking and appreciation of the role of economic incentives in the achievement of health care objectives; demonstrate an understanding of the role of consumers, funders and providers in the health care sector; describe the institutional arrangements for the financing and provision of health care services in Australia; apply economic techniques such as economic evaluation to health intervention; demonstrate the usefulness of economic analysis in promoting an efficient and equitable health care system; demonstrate an understanding of the concepts of health outcome measurement and its role in economic evaluation.

    Course structure

Course requirements

(a) Students must complete three core units (18 points):

  • ECX9120 Introduction to microeconomic theory and policy
  • ECX9700 Introduction to health economics
  • ECX9730 Economic evaluation in health care

(b) students must complete one elective unit (6 points) from the following:

  • ECG9102 Introduction to macroeconomic theory and policy
  • ECX9720 Introduction to epidemiology and biostatistics
  • ECX9741 Applied health economics and health policy

    Progression to further studies

Students who successfully complete the Graduate Certificate in Health Economics, with a credit average or above, may be eligible for admission to the Graduate Diploma in Health Economics and Policy.

    Contact details

Centre for Health Economics: telephone +61 3 9905 0733; email:

Course coordinator

Ms Jennifer Watts