The LICQual Level 3 Diploma in Health Economics is a specialized qualification designed for healthcare professionals, policy makers, and individuals working within the health sector who aim to deepen their understanding of economic principles in healthcare. This diploma is not intended for fresh entrants but is specifically tailored for learners who wish to enhance their career prospects, broaden their professional knowledge, and engage in meaningful Continuing Professional Development (CPD).
Through this course, learners will explore critical aspects of health economics, including resource allocation, cost-effectiveness analysis, healthcare financing, and the economic evaluation of health interventions. By applying theoretical concepts to real-world scenarios, learners will develop the practical skills needed to make informed decisions that improve healthcare outcomes and support organisational efficiency.
Centres delivering the LICQual Level 3 Diploma in Health Economics must ensure high-quality learning experiences by employing competent and qualified staff, equipped with the appropriate teaching materials, resources, and facilities. This commitment guarantees that learners receive comprehensive guidance, practical insights, and the support necessary to achieve success in their studies.
By completing this diploma, learners will gain a recognized and valuable credential that demonstrates their expertise in health economics, positions them for career advancement, and strengthens their ability to contribute strategically to healthcare decision-making processes. This qualification is ideal for professionals seeking to expand their skill set, enhance their analytical capabilities, and make a tangible impact in the healthcare sector.
Course Overview
Qualification Title
LICQual Level 3 Diploma in Health Economics
Total Units
6
Total Credits
60
GLH
240
Qualification #
LICQ2200742
Qualification Specification
To enroll in the LICQual Level 3 Diploma in Health Economics, applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200742-1 |
Introduction to Health Economics |
10 |
40 |
|
LICQ2200742-2 |
Healthcare Financing and Resource Allocation |
10 |
40 |
|
LICQ2200742-3 |
Cost Analysis and Economic Evaluation in Healthcare |
10 |
40 |
|
LICQ2200742-4 |
Health Policy, Decision Making, and Economic Impact |
10 |
40 |
|
LICQ2200742-5 |
Health Data, Research Methods, and Analysis |
10 |
40 |
|
LICQ2200742-6 |
Contemporary Issues in Health Economics |
10 |
40 |
By the end of this course, learners will be able to:
Unit 1: Introduction to Health Economics
By the end of this unit, learners will be able to:
- Explain the core principles and concepts of health economics.
- Analyse the role of economics in healthcare decision-making and policy formulation.
- Evaluate the structure and function of different healthcare systems.
- Apply basic economic principles to improve efficiency in healthcare delivery.
Unit 2: Healthcare Financing and Resource Allocation
By the end of this unit, learners will be able to:
- Examine various healthcare financing models, including public and private systems.
- Analyse methods of budget allocation and resource management within healthcare organisations.
- Assess the impact of limited resources on patient care and service delivery.
- Apply principles of equity, efficiency, and sustainability in allocating healthcare resources.
Unit 3: Cost Analysis and Economic Evaluation in Healthcare
By the end of this unit, learners will be able to:
- Identify, measure, and analyse the costs associated with healthcare services.
- Conduct cost-effectiveness, cost-benefit, and cost-utility analyses.
- Evaluate healthcare interventions using economic evaluation methods.
- Apply economic evaluation techniques to real-world healthcare scenarios.
Unit 4: Health Policy, Decision Making, and Economic Impact
By the end of this unit, learners will be able to:
- Analyse the role of health economics in policy development and implementation.
- Evaluate frameworks for evidence-based healthcare decision-making.
- Assess the economic impact of healthcare policies on organisations and populations.
- Develop strategies to integrate economic analysis into policy and practice.
Unit 5: Health Data, Research Methods, and Analysis
By the end of this unit, learners will be able to:
- Identify and evaluate sources of healthcare data relevant to economic analysis.
- Apply quantitative and qualitative research methods in health economics.
- Analyse health data to support cost-effectiveness and policy decisions.
- Use statistical tools and software to conduct health economic research.
Unit 6: Contemporary Issues in Health Economics
By the end of this unit, learners will be able to:
- Critically evaluate current trends and challenges in global health economics.
- Assess the economic implications of technological innovations in healthcare.
- Analyse the impact of demographic changes and chronic diseases on healthcare resources.
- Apply critical thinking to solve complex health economic problems and inform decision-making.
This qualification is specifically designed for professionals and learners seeking to enhance their expertise in health economics and healthcare decision-making. It is ideal for:
- Healthcare Professionals: Doctors, nurses, allied health practitioners, and administrators aiming to understand the economic aspects of healthcare delivery.
- Policy Makers and Public Health Officials: Individuals involved in healthcare planning, policy formulation, and resource allocation.
- Health Economists and Analysts: Professionals working in research, consultancy, or economic evaluation within the healthcare sector.
- Healthcare Managers and Organisational Leaders: Leaders seeking to make informed, cost-effective decisions that improve patient outcomes and operational efficiency.
- Professionals Pursuing CPD: Individuals committed to Continuing Professional Development (CPD) and career advancement in the health sector.
- Those Interested in Healthcare Strategy and Resource Management: Learners wishing to gain practical skills in healthcare financing, economic evaluation, and policy impact analysis.
By enrolling in this diploma, learners will gain a recognized qualification that demonstrates their expertise in health economics, enhances professional credibility, and equips them with the skills to make strategic, data-driven decisions in healthcare environments.
Centres delivering the LICQual Level 3 Diploma in Health Economics must ensure high-quality teaching and learner success by meeting the following requirements:
- Qualified and Competent Staff: Centres must employ tutors and assessors with relevant qualifications, professional experience in health economics, healthcare management, or related fields, and expertise in delivering Level 3 programmes.
- Comprehensive Learning Resources: Centres should provide access to up-to-date textbooks, research articles, case studies, and digital resources that support effective learning and practical application of health economics concepts.
- Teaching and Learning Facilities: Centres must offer a suitable learning environment, including classrooms, computer access, internet connectivity, and any specialised software required for economic analysis and research activities.
- Assessment and Quality Assurance Systems: Centres should have robust procedures for learner assessment, feedback, and quality monitoring to ensure compliance with LICQual standards and international best practices.
- Support for Learners: Centres must provide guidance, mentoring, and additional learning support to help learners successfully complete assignments, projects, and assessments.
- Commitment to CPD and Professional Development: Centres are expected to encourage and facilitate ongoing professional development for both staff and learners to maintain high standards of teaching and learning.
By meeting these requirements, centres can ensure learners receive a high-quality educational experience, gain essential skills in health economics, and achieve a recognized qualification that supports career advancement and professional credibility in the healthcare sector.
Assessment and Verification
All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.
Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.
