MSc in Economics and Business - Specialisation in Health Economics

Erasmus School of Economics - Erasmus University Rotterdam

Program Description

MSc in Economics and Business - Specialisation in Health Economics

Erasmus School of Economics - Erasmus University Rotterdam

MSc in Economics and Business - Specialisation in Health Economics

Your path to contribute to effective solutions in healthcare

Are you intrigued by topics like health insurance, costs, benefits and reforms and health disparities? Does contributing to economic solutions in this atypical sector sound like the challenge to you? The Health Economics programme provides you with the concepts and quantitative skills needed to face the health sector challenges of the 21st century.

This programme teaches you to apply economic knowledge and econometric analysis to pressing issues in health care. You will address problems caused by rising costs, population ageing and rapid advances in medical technology. All this, in a sector with atypical agents (after all, doctors do not maximise profits) where even the value of its main asset, health, is subject to debate.

Get educated by the best in Rotterdam

Health Economics? Then Rotterdam is where you should be. As global frontrunners in research and training, our researchers frequently publish in top journals in the field and are regularly consulted by international bodies from all over the world. It’s these researchers of the Health Economics Group of Erasmus School of Economics and the Health Economics and Health Insurance groups of the Institute for Health Policy and Management who will shape your education.


The Master specialisation in Health Economics at Erasmus School of Economics has an outstanding reputation in the health business community. It has everything to prepare you for a bright future as a health economist at i.a.:

  • consulting firms (e.g., KPMG, IMS Health, SiRM)
  • the pharmaceutical industry (e.g., Pfizer, Glaxo Smith Kline)
  • health insurance companies (e.g., Achmea, Delta Lloyd)
  • academia (e.g., EUR, University of Birmingham)
  • international organisations (e.g., WHO, World Bank)
  • regional health authorities and government institutions (e.g., RIVM, Ministry of Health)
  • hospitals (e.g., Erasmus MC)

"Addressing topical healthcare issues is inspirational in and of itself"


This Health Economics Master’s specialisation aims at students who are interested in taking an economic and quantitative approach to health care. It is a monodisciplinary economics programme that aims to provide students with concepts and tools of economic and econometric analysis of health care, including the analysis of the peculiar functioning of health care markets and the economic evaluation of health care programmes and interventions.

Erasmus University Rotterdam is one of the leading centres in the world for health economics research and training; as recently acknowledged by the top field Journal of Health Economics. Its researchers publish regularly in the top journals in the field and give policy advice to international bodies and governments all over the world. The programme is taught by researchers from the health economics group of Erasmus School of Economics and the Institute for Health Policy and Management.


  • Advanced Economic Evaluation
  • Pharmaceutical Pricing & Market Access
  • Antitrust and Competition Policy in Health Car
  • Patient Preferences in the Delivery of Health Care
  • Global Health Economics
  • Quantitative Methods for Applied Economics
  • Economics and Financing of Health Care Systems
  • Economics of Health and Health Care
  • Health Technology Assessment
  • Public Health Economics
  • Research Topics in Health Economics
  • Health, Economic Development & Policy


Andrea Mudd

'The health economics specialisation is a very rewarding programme that exposes students to use practical methods along with an in-depth understanding of the health industry'

Why did I choose Health Economics?

During my Bachelor in International Economics and Business Economics at the Erasmus School (ESE) of Economics, I took an elective course in Health Economics while on the exchange. I immediately knew that I wanted to pursue this field in my Master studies, so I followed the ESE’s Health Economics specialisation. My aim was to combine my passion for health with useful quantitative skills that built upon my economic knowledge from my Bachelor.

The curriculum

From my point of view, the specialisation has a lot to offer to any student who wants to contribute to the growing field in an academic or professional setting. The programme gives a complete overview of the different facets of the healthcare industry, the skill set (both quantitative and theoretical) to critically analyse and produce research in health economics, an understanding of the global health effort, contact with insightful and approachable experts, and the ability to use important quantitative tools for work in this field.

Although it is difficult to choose, two of my favourite courses were Research Topics in Health Economics and Global Health Economics. Both of these courses were centred around analysing and discussing research outcomes, the first course from an econometric perspective and the second one from a policy perspective. During these courses, I did not only develop substantial knowledge about the existing research on these topics but also gained practical experience with programs, such as STATA and ADEPT.

Contribute to projects alongside established experts

I have just started working at a pharmaceutical consulting company, and within just a few weeks I have used many of the skills acquired during the Master. With the practical experience the Master offers along with a sound theoretical understanding of the industry, I feel capable to contribute to projects alongside established experts.

Max Coveney

'The teaching by top research-oriented academics provided me with unique insights into the field of health economics'

Why did I choose Health Economics?

After making the decision to pursue further study in the field of health economics, it was important for me to select a programme and institution that would provide me with a rigorous and complete training. I was drawn to the Health Economics specialisation at Erasmus School of Economics due to the team of world-class academics involved in the programme as well as the university’s reputation as one of the top economic schools in Europe.

I am happy to say that the reputation is not underserved; the coursework - although challenging at times – focuses both on theory and practical applications, and the flexible nature of the programme allows you to select the subjects that match your interests.

Extremely experienced and knowledgeable academics

For me, the most rewarding aspect of the degree was the final thesis. I was able to apply what I had learned during the coursework while performing my own research under the guidance of some extremely experienced and knowledgeable academics. In addition to the academic benefits, I found a warm and welcoming student community in Rotterdam. The programme allowed me to connect with both Dutch and international students alike. This degree was instrumental in providing me with the skills and experience to begin a career in the field of health economics. I would encourage all prospective students interested in this field to seriously consider this specialisation at Erasmus School of Economics.

Cost & Fees

  • € 2.060 EEA/EU students*
  • € 14.700 NON-EEA/EU students**

*This is the statutory tuition fee for Dutch students, students from another country within the European Economic Area (EEA), the European Union (EU), Switzerland and Suriname who meet the statutory conditions.

**This is the institutional tuition fee for students for whom the statutory tuition fee does not apply. You have to pay the institutional fee if you:

  • don’t have an EU-, EEA, Swiss or Surinamese nationality
  • have finished a Dutch programme and want to follow another programme on the same level
This school offers programs in:
  • English

Last updated August 31, 2018
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2019
1 year
Full time
2,060 EUR
EEA/EU students; €14.700 NON-EEA/EU students.
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1 August for ESE students
Netherlands - Rotterdam, South Holland
Start date : Sept. 2019
Application deadline Request Info
1 August for ESE students
End date Request Info
Sept. 2019
Netherlands - Rotterdam, South Holland
Application deadline Request Info
1 August for ESE students
End date Request Info