Health Economics

Health Economics is an applied field of study that allows for the systematic and rigorous examination of the problems faced in promoting health for all. By applying economic theories of consumer, producer, and social choice, health economics aims to understand the behavior of individuals, health care providers, public and private organizations, and governments in decision-making.

Health economics is used to promote healthy lifestyles and positive health outcomes through the study of health care providers, hospitals and clinics, managed care, and public health promotion activities.
Health economists apply the theories of production, efficiency, disparities, competition, and regulation to better inform the public and private sector on the most efficient, cost-effective, and equitable course of action. Such research can include the economic evaluation of new technologies, as well as the study of appropriate prices, antitrust policy, optimal public and private investment and strategic behavior.

Average Hourly


Range Hourly


Average Yearly


Range Yearly

$80,398- $104,539

Economists and economic policy researchers and analysts (4162)

Health economic policy specialist

Bachelor's degree followed by a graduate degree in health, social science or an administrative discipline may be required. A Masters or doctoral degree is often required for professional advancement.

Employment outlook is fair in most provinces. More information is available here.

Without further education, chances to advance in this occupation are limited.

1-3 year training and experience are usually required

There is currently no direct master’s program for Health Economics in Canada to our knowledge. However, many programs on Public Health, Community Health, Economics has the opportunity to specialize in Health Economics.
For example, the University of Toronto has a Master’s and Ph.D. program for Health Service Research where one can emphasize Health Economics

leadership, public speaking, the use of language, willing to accept new challenges, analytical and report writing skill, conducting research, statistical and critical analysis, collecting and sharing information, excellent interpersonal and organizational skill.

Government organizations and agencies, consulting establishments, universities, research institutes, hospitals, community agencies, educational institutions, professional associations, non-governmental organizations, and international organizations.

Most health economists get their careers started by obtaining an undergraduate major in public policy, pre-law, economics, health science, communications, social work, or a related field. In general, healthcare policy analysts are usually educated with a Master of Public Health (MPH), Master of Health Administration (MHA), Master of Public Administration (MPA), or Master of Public Policy (MPP). Along with the degree, it’s essential to develop a resume Updated 2020. Copyright of AIMGA. For copyright details: Contact: Non-regulated: Management in Health Jobs with at least three to five years of experience in healthcare and/or public policy and then apply for such positions.