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Monash University

Monash University Handbook 2010 Postgraduate - Course

This course entry should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleGradCertHealthEc
Total credit points required24
Standard duration of study (years)0.5 years FT, 1 year PT
Study mode and locationOff-campus (Clayton)
Contact details

Centre for Health Economics

Telephone +61 3 9905 0733


Course coordinator

Ms Jennifer Watts


  • This course is not available to international student visa holders.


This course is designed to provide those involved in the health care industry with an understanding of the principles of health economics and their applications to health care policy and evaluation.

Students acquire a rigorous and theoretical grounding in the disciplines of economics, health economics, and health policy and apply these to the analysis of health care policy and institutions. They also gain analytical skills in economics and an appreciation of the role of incentives in the achievement of health care objectives.


The Graduate Certificate in Health Economics aims to produce graduates who will:

(a.) be critical and creative scholars who:

  • produce innovative solutions to health economics problems
  • apply research skills to health system challenges
  • communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

  • engage in an internationalised world
  • exhibit cross cultural competence
  • demonstrate ethical values

(c.) have a comprehensive understanding of their disciplines of economics and health economics and be able to provide discipline based solutions to relevant to the business, professional and public policy communities we serve

(d.) have advanced knowledge to Graduate Certificate level in health economics and be able to:

  • demonstrate analytical skills in economics to analyse the role of consumers, funders and providers in the health care sector
  • demonstrate technical skills in the economic evaluation of health interventions, including the measurement of health outcomes for economic evaluation.


(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 a further 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 (60 per cent) or above, may be eligible for admission to course 3807 Graduate Diploma in Health Economics and Policy.


Graduate Certificate in Health Economics