The LICQual Level 3 Certificate in Health Economics is a specialised qualification designed for professionals working in healthcare, public health, and related sectors who wish to deepen their understanding of economic principles and their application in healthcare systems. This course is not intended for fresh candidates; it is aimed at learners with prior experience or education in healthcare, economics, or management who want to advance their career prospects, expand their knowledge, and engage in Continuing Professional Development (CPD).
This qualification provides learners with the skills and knowledge necessary to analyse the economic aspects of healthcare provision, including resource allocation, cost-effectiveness, health policy impact, and financial decision-making within healthcare organisations. Learners will explore topics such as healthcare financing, economic evaluation, health policy analysis, and cost-benefit assessment, equipping them to make informed and strategic decisions in healthcare management and policy development.
Centres delivering the LICQual Level 3 Certificate in Health Economics must ensure high-quality training by employing qualified and experienced teaching staff, providing access to relevant study materials, and offering appropriate resources for both theoretical and practical learning. Meeting these standards ensures that learners gain a thorough understanding of health economics and are able to apply their knowledge in real-world healthcare and policy contexts.
The LICQual Level 3 Certificate in Health Economics is ideal for healthcare managers, policy makers, analysts, and professionals who wish to enhance their understanding of economic decision-making in healthcare, contribute to evidence-based policy development, and improve the efficiency and effectiveness of healthcare services.
Course Overview
Qualification Title
LICQual Level 3 Certificate in Health Economics
Total Units
6
Total Credits
24
GLH
120
Qualification #
LICQ2200712
Qualification Specification
To enroll in the LICQual Level 3 Certificate in Health Economics , applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200712-1 |
Introduction to Health Economics |
4 |
20 |
|
LICQ2200712-2 |
Healthcare Financing and Resource Allocation |
4 |
20 |
|
LICQ2200712-3 |
Economic Evaluation in Healthcare |
4 |
20 |
|
LICQ2200712-4 |
Cost-Benefit and Cost-Effectiveness Analysis |
4 |
20 |
|
LICQ2200712-5 |
Health Policy Analysis and Decision-Making |
4 |
20 |
|
LICQ2200712-6 |
Ethical and Legal Considerations in Health Economics |
4 |
20 |
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.
- Evaluate the impact of different healthcare systems on resource use and patient outcomes.
- Apply basic economic concepts to real-world healthcare scenarios.
Unit 2: Healthcare Financing and Resource Allocation
By the end of this unit, learners will be able to:
- Identify different healthcare financing models and funding sources.
- Analyse strategies for effective resource allocation within healthcare organisations.
- Evaluate budget management practices in healthcare settings.
- Apply economic principles to optimise the allocation of resources for improved patient care.
Unit 3: Economic Evaluation in Healthcare
By the end of this unit, learners will be able to:
- Describe methods for evaluating healthcare interventions.
- Measure and interpret outcomes and effectiveness of healthcare services.
- Analyse data to support evidence-based decision-making.
- Apply economic evaluation techniques to inform healthcare strategies.
Unit 4: Cost-Benefit and Cost-Effectiveness Analysis
By the end of this unit, learners will be able to:
- Conduct cost-benefit and cost-effectiveness analyses for healthcare interventions.
- Compare different interventions using standard economic metrics.
- Interpret analysis results to support healthcare management and policy decisions.
- Apply findings to improve efficiency and resource utilisation in healthcare.
Unit 5: Health Policy Analysis and Decision-Making
By the end of this unit, learners will be able to:
- Evaluate the economic impact of health policies on healthcare systems.
- Use evidence-based tools to support policy and management decisions.
- Assess the efficiency and effectiveness of healthcare programmes and interventions.
- Recommend strategies for policy improvement based on economic analysis.
Unit 6: Ethical and Legal Considerations in Health Economics
By the end of this unit, learners will be able to:
- Explain ethical principles in healthcare resource allocation and economic decision-making.
- Analyse legal frameworks affecting healthcare economics.
- Evaluate the balance between efficiency, equity, and patient welfare.
- Apply ethical and legal considerations when making economic decisions in healthcare.
The LICQual Level 3 Certificate in Health Economics is designed for learners who wish to enhance their knowledge and skills in healthcare economics, policy, and resource management. It is ideal for:
- Healthcare managers and administrators seeking to improve decision-making and optimise resource allocation.
- Health policy makers and analysts aiming to understand the economic impact of policies and interventions.
- Public health professionals looking to develop skills in economic evaluation and health financing.
- Healthcare finance and operations staff responsible for budgeting, cost analysis, and financial planning.
- Researchers and academics interested in health economics and the evaluation of healthcare programmes.
- Learners committed to Continuing Professional Development (CPD) who wish to advance their careers in healthcare management and policy.
- Professionals in NGOs or healthcare organisations involved in planning, budgeting, or strategic decision-making.
- Individuals aspiring to progress to higher-level qualifications in health economics, healthcare management, or policy development.
To ensure effective delivery of the LICQual Level 3 Certificate in Health Economics, centres must adhere to specific standards aligned with international best practices. These requirements guarantee learners receive high-quality training and are supported to achieve their learning goals.
Centres must ensure the following requirements are in place:
- Qualified and Experienced Staff – Trainers and assessors should hold relevant academic and professional qualifications in health economics, healthcare management, public health, or related fields, with practical experience in healthcare settings.
- Access to Learning Resources – Centres must provide learners with up-to-date textbooks, digital tools, case studies, research papers, and other study materials to support both theoretical and practical learning.
- Modern Facilities and Equipment – Adequate classrooms, IT resources, and digital platforms should be available to facilitate interactive learning and applied exercises.
- Structured Assessment and Quality Assurance – Centres must implement clear assessment strategies, monitor learner progress, and maintain compliance with LICQual quality standards.
- Learner Support Services – Academic guidance, mentoring, and administrative support should be readily available to help learners achieve successful outcomes.
- Practical Learning Opportunities – Centres should provide case studies, projects, or simulations that reflect real-world healthcare economic scenarios and decision-making challenges.
- Staff Continuing Professional Development (CPD) – Trainers and assessors should engage in ongoing CPD to remain updated with current trends, regulations, and best practices in health economics.
- Ethical and Legal Compliance – Centres must ensure learners are trained in ethical standards, confidentiality, and legal requirements relevant to healthcare economic analysis and policy decisions.
By meeting these requirements, centres can deliver the LICQual Level 3 Certificate in Health Economics effectively, enabling learners to develop practical skills, analytical expertise, and professional knowledge necessary for success in healthcare management, policy, and economic evaluation roles.
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.
