Online Master in Health Economics and Pharmacoeconomics
With the Online Master in Health Economics and Pharmacoeconomics, positioned in the Top 50 in Health Economics and Public Health by the EdUniversal ranking, you will specialize in economic concepts, techniques, and instruments applied to health economics, pharmacoeconomics, health management, and pharmaceutical management.
Start program: 15 February, 2024 (To be confirmed)
End program: 17 December, 2025 (To be confirmed)
The Online Master in Health Economics and Pharmacoeconomics offers specialist training in health economics, economic evaluation, and management of health services and technologies. You will get a global vision of one of the fastest-growing and most important sectors in the world in the health area.
You will learn to apply the basic and fundamental aspects of the techniques and instruments for the economic evaluation of drugs and medical technologies through cost-effectiveness, cost-utility and cost-benefit analysis. To do this, you will focus on the use of statistical and econometric techniques in economic analysis in areas as diverse as the relationship between spending and income, the behaviour of drug prescribers, the preparation of pharmacy budgets or the study of determinants of the effectiveness of a treatment.
With the help of experts in this area, both academics and professionals in the sector, you will analyse the justification and effectiveness of the main regulation and financing policies for medicines in a health system. You will also learn to apply the instruments of rational use of medicines, in order to guarantee the best possible use both from the point of view of effectiveness and the efficiency of pharmacological interventions.
Through didactic materials designed by the teaching team, you will carry out analyses on the economic operation of the health sector and the economic behaviour of the agents that are involved with it, with special reference to the application of economic concepts and instruments for the management of health services.
At the end of the main subjects of the master, a practical module is presented in which you will work on modeling techniques within the framework of economic evaluation studies of drugs and medical technologies. With this module you will understand the basic concepts and principles that characterize economic analysis and use economic language with ease.
Why choose this program
Gain a prestigious international degree
We offer a prestigious degree, backed by the international recognition of UPF, the number 1 university in Spain, which will allow you to differentiate yourself and meet new professional challenges. The qualification does not mention the online study methodology of the postgraduate course.
Gain access to an internationally recognized master's degree
It is recognized by the EdUniversal Ranking 2021 as 1st in Spain and occupies position 45 worldwide in the area of Health Economics and Public Health. Among the 100% online programs, the program ranks 5th internationally.
Academic excellence at your fingertips
We will connect you with professors of the highest academic level and recognized international trajectory, led by Jaume Puig-Junoy and Natàlia Pascual, academics and professionals with extensive experience and recognition in the field of health economics. They will support you and inspire you to achieve your professional goals.
We adapt to you
We offer you flexible and dynamic online training of the highest quality, fully compatible with your work and family responsibilities. Also, you will learn, connecting with international students, at your own pace and from anywhere in the world.
Get current relevant content for the sector
After more than 20 editions and a 92% satisfaction rate, this program is part of the training agenda of important multinational companies in the health sector, thanks to a global and rigorous approach with content adapted to the current workplace reality.
Who is it for?
The program is aimed at both professionals with management responsibilities, as well as graduates who want to acquire the necessary skills for the management of hospitals, clinical laboratories, public and private health centres, public administrations in charge of the management or financing of medicines and health services, private insurance companies, pharmaceutical companies, training centres in drug management and health services, among others.
UPF Barcelona School of Management is the management school of Pompeu Fabra University, the 1st Ibero-American university and the 16th placed university in the world, among those under 50 years of age, according to the Times Higher Education ranking.
UPF Barcelona School of Management has EQUIS accreditation, the most prestigious institutional recognition for business schools globally, and places itself among the top business schools in the world.
The Master in Health Economics and Pharmacoeconomics is an official master's degree and has the academic recognition of the Ministry of Education of the Government of Spain. The Quality Agency of the University System of Catalonia (AQU) has also institutionally accredited UPF-BSM. This accreditation certifies all the official master's degrees that we teach and recognizes the quality of our educational model in accordance with the criteria of the European Higher Education Area (EHEA).
Besides, this master's degree is recognized by the EdUniversal 2021 Ranking as the best master's degree in Spain and occupies position 45 worldwide in the area of Health Economics and Public Health. Among the 100% online programs, the program ranks 5th internationally.
The Online Master's Degree in Health Economics and Pharmacoeconomics consists of a total of 60 ECTS credits. Each Course is valued at 6 ECTS credits; with the exception of Course 6, that is valued at 8 ECTS, and the Term Paper, that is valued at 10 ECTS.
To facilitate day-to-day management and the achievement of your academic goals, the program is structured in teaching units, with which you will acquire instrumental, attitude and conceptual skills. You will have available, in each of them, a progress bar that will indicate the status of completion of the tasks and a recovery period in case you need more time to complete them.
The duration of each teaching unit will be two weeks. Each didactic unit is taught from Wednesday to Tuesday, so that the student can, if they wish, take advantage of the weekend to carry out the activities. A special period will be established to carry out the recovery exercises corresponding to the teaching units that have not been passed.
Each subject is organized into 4 teaching units that combine different methodologies: didactic content (interactive and downloadable materials, cases, video tutorials), introductory test, self-assessment activities, practical activities, and personalized access to the tutors through the forum of discussion, and other complementary resources of the learning (complimentary bibliography and related articles).
Download the Study Guide here.
The general aim of this module is to introduce the participants to the basic and fundamental aspects of the main techniques and instruments used in the economic evaluation of pharmaceuticals and medical technologies, and apply them to a number of case studies. This is the first of two teaching modules that pursue this objective.
Teacher: Jaume Puig Junoy
- Teaching Unit 1. Methods for the Economic Evaluation of Pharmaceuticals, Medical Technologies and Health Programmes
- Teaching Unit 2. Cost Analysis in Economic Evaluation (1)
- Teaching Unit 3. Cost-Utility Analysis
- Teaching Unit 4. Cost-Benefit Analysis (1)
The aim of this module is to provide the basic tools for analysing the overall behaviour of variables of interest for pharmaceutical and health management. Participants learn how to interpret the results of a selection of statistical and econometric analysis techniques that can be useful in decision-making in this area.
Teacher: Jaume Puig Junoy
- Teaching Unit 1. Measuring the relationship between health care expenditure and income
- Teaching Unit 2. Factors Determining the Efficacy of a Treatment
- Teaching Unit 3. Building pharmaceutical budgets
- Teaching Unit 4. Prescriber behaviour
Author and Tutor: Jaume Puig-Junoy
The basic aim of this module is to enable the participants to analyse the justification for and effectiveness of the main policies for the regulation and funding of pharmaceuticals in a health system.
Teacher: Jaume Puig Junoy
- Teaching Unit 1. Pharmaceutical Expenditure: Interpretation and Distinctive Features of the Market
- Teaching Unit 2. Insurance and Demand for Pharmaceuticals
- Teaching Unit 3. Pharmaceutical Price Regulation
- Teaching Unit 4. Patents and Policies Encouraging Competition in the Pharmaceutical Market
The general aim of this module is to familiarise the participants with some recent advances in the use of techniques and instruments for the economic evaluation of pharmaceuticals and medical technologies, and apply them to a number of case studies. This is the second of two teaching modules that pursue this objective.
Teacher: Jaume Puig Junoy
- Teaching Unit 1. Cost Analysis in Economic Evaluation (2)
- Teaching Unit 2. Cost-Benefit Analysis (2): Methods of Estimating Willingness to Pay
- Teaching Unit 3. Models and Uncertainty in Economic Evaluation
- Teaching Unit 4. Use and Application of Economic Evaluation in Decision-Making
The general aim of this module is to make the participants aware of the possibilities of applying rational drug use in order to guarantee the best possible use of pharmacological resources from the point of view of both the effectiveness and the efficiency of pharmacological interventions, and apply it to a number of case studies.
Teachers: Josep Lluís Segú
- Teaching Unit 1. Can We Manage Pharmaceuticals in Health Systems? The Micromanagement Approach
- Teaching Unit 2. The Development Process of New Drugs: The Perspective of the Pharmaceutical Industry
- Teaching Unit 3. Elements for Drug Management in Health Systems: The Micromanagement Approach
- Teaching Unit 4. Implementation of Drug Management in Microenvironments: Information, Responsibility Sharing, Integration and Evaluation
The basic aim of this module is to provide the participants with the practical skills and abilities needed when looking for solutions to a problem concerning economic evaluation in healthcare. Thus, the concepts of decision analysis and of modelling techniques for economic evaluation will be reviewed in order to emphasise the practical development of models of decision analysis and Markov models that compare several courses of action, healthcare programs, health intervention procedures or complementary treatments. Throughout the module, the participant will deal with the typical problems involved in the practical application of economic evaluation models and will develop different techniques for solving them.
Teachers: José Manuel Rodríguez Barrios and Carlos Crespo Palomo.
- Teaching Unit 1. Introduction to modelling techniques in economic evaluation studies for healthcare technologies
- Teaching Unit 2. Elaboration phases of a model
- Teaching Unit 3. Introduction to Markov models
- Teaching Unit 4. Advantages of Markov models. Dealing with uncertainty in probabilistic models
- Teaching Unit 5. Statistical techniques and tools for making decision models
The basic aim of this module is to guide the participant in the economic analysis of the functioning of the health sector and the economic behaviour of the agents involved in it, with special reference to the application of economic concepts and instruments to the management of health services. This aim is pursued jointly with Module 7 of this programme.
Teachers: Natàlia Pascual and Marisol Rodríguez
- Teaching Unit 1. Economics and its Applicability to the Field of Health.
- Teaching Unit 2. The Health Production Function and the Analysis of Health Expenditure.
- Teaching Unit 3. Markets for Health Goods and Services.
- Teaching Unit 4. Costs, Payment Systems and Incentives in the Production of Health Services.
The basic aim of this module is to guide the participants in the economic analysis of the functioning of the health sector and the economic behaviour of the agents involved in it, with special reference to the application of economic concepts and instruments to the management of health services. This aim is pursued jointly with Module 6 of this programme.
Teachers: Natàlia Pascual and Marisol Rodríguez
- Teaching Unit 1. Demand for Health and for Medical Care
- Teaching Unit 2. Variability in Medical Practice (VMP)
- Teaching Unit 3. Technology, Outsourcing and Competition in Health Services
- Teaching Unit 4. The Goal of Equity in Health: Theory and Applications
Coordinators: Natàlia Pascual and Jaume Puig-Junoy.
The TFM consists of writing a document, on a topic of the choice of each student, that contains elements of economic analysis on some of the points learned in the subjects and course contents.
The tutor will be assigned individually to each student based on the topic chosen for the completion of the TFM. The tutor will carry out the monitoring and control of the activities and will serve as support for any doubts that may arise throughout the course.
The Online Master in Health Economics and Pharmacoeconomics also includes the possibility of participating in practical activities and activities for personal and professional growth such as:
- 3 initial leveling training complements are proposed in the areas of lobal health, statistics and economics. These courses will be carried out in parallel to the first subject to level the academic profiles of the students at the beginning of the master's to ensure that they make the most of the program.
- UPF-BSM Inside: is a group of interdisciplinary subjects (applied data, communication, creativity, innovation and project management, sustainability and leadership among others) that, if you take this program, you can access at no additional cost. They are 100% online and you can take them throughout the academic year at your own pace, as they have been designed as self-study subjects.
Once students have completed the course they will obtain the Màster Universitari en Economia de la Salut i del Medicament / Master in Health Economics and Pharmacoeconomics - Máster Universitario en Economía de la Salud y del Medicamento / Master in Health Economics and Pharmacoeconomics, issued by the Pompeu Fabra University.
Issuance of official Master's Degrees: The amount stipulated in the DOGC (Official Gazette of the Government of Catalonia) must be paid for the rights to issue the degree. This rate varies annually and the rate in force at the time of application for the degree will be applied.
The master is lead by Jaume Puig-Junoy and Natàlia Pascual, academics and professionals with extensive experience and recognition in the field of health economics at the UPF.
The course proposes a double approach:
- Academic: thanks to a faculty made up of doctors in medicine, economics, statistics, and pharmacy, who will transfer the knowledge and rigor of several of the most important universities in the country.
- Professional: due to the participation of professionals from the health sector, who provide a clear vision of the market and the application of this knowledge to the current reality of companies.
Distinguished professor UPF-BSM
Program Academic Director
Teaching Assistant UPF-BSM
Teaching Assistant UPF-BSM
Distinguished professor UPF-BSM
Program Academic Director
At UPF-BSM we are committed to a flexible and dynamic online model, which aims to place the participant at the centre of the process so that they are the owner of their learning process.
To facilitate day-to-day management and the achievement of your academic goals, the program is structured into subjects, with which you will acquire knowledge and instrumental and aptitude skills.
All this, while having 24/7 access to the virtual environment so that you can organize your study without schedules and at your own pace. In this way, you can combine it with your work and personal life, making the most of the time you have for it.
Didactic and interactive teaching materials
You will have access to materials in various formats to make your experience more motivating and dynamic: content maps, interactive and downloadable teaching materials, study cases, video tutorials, and additional readings. These materials are designed and periodically updated by professionals and experts in the field for you to have at your disposal the latest knowledge, skills, and tools at your fingertips to take your career to the next level.
Active and collaborative learning
Participation and discussion with your classmates and teachers are essential and enriching for the collaborative learning process. We will provide you with various tools such as the Discussion Forum, where you can propose new topics for debate, comment on and answer questions presented by the teacher or give feedback to interesting comments.
To make your experience more tangible and immediate, you will have the support of fundamental people such as the teacher or expert tutor, who will guide you through the subjects of the program. The program manager will help you in the monitoring and general operation of the program, as well as in the management of procedures or access to other services of the university. And the professional career advisor will guide you in improving your personal brand and in the search for professional opportunities.
Term Paper Tutor
Throughout the program, you will develop your final project and, for this, you will be assigned an expert tutor on the subject, who will be in charge of advising you and supervising its development until its submission and final defense.
The evaluation of each subject will be carried out as follows:
- 75% of the qualification will correspond to the average of the scores obtained in the final exercises of each of the four teaching units. To pass each module, the participant must have a score equal to or greater than 5 in three of the four final exercises of each didactic unit. The final exercise is considered passed if the participant obtains a minimum of 5 answers out of 10 (or equivalent figure if the number of questions is other than 10). In the event that at least the final exercises of three didactic units have not been passed, the module is automatically pending.
- 25% of the grade will correspond to the grade obtained in the individual or group activity established for each module.
- In the case of not passing the module, a period of time will be established during the academic year during which the student will have the possibility of doing, for the second and last time, another final exercise for the teaching units not passed. The individual or group activity carried out for each module will not have a recovery period.
The learning process is characterized by its flexibility, since, in the virtual learning environment, the structure of the school calendar and the diversity of multimedia resources which are made available to the student allows them to acquire knowledge in a self-regulated manner.
The support of the teaching staff and interaction with classmates is carried out by making use of a wide variety of communication channels that facilitate proximity and didactic dialogue.
The Master in Health Economics and Pharmacoeconomics provides specialized training in the economics and management of health services and medicine (pharmacoeconomics).
Management in the healthcare and pharmaceutical sector is understood in the broadest sense and includes the management of healthcare services of administrations and other public bodies, centres and services of healthcare institutions at any of the healthcare levels, providers of healthcare pharmaceutical services, drug and medical technology evaluation agencies, as well as pharmaceutical industry, and distributors, insurance entities, and consultancies in this sector.
The Online Master's Degree in Health Economics and Pharmacoeconomics brings together professionals of more than 20 nationalities from the health and pharmaceutical sectors, as well as professionals from the economics and business areas. The online course is tailored to the needs and requirements of experienced professionals and recent graduates who wish to expand their knowledge in these areas, so it does not require previous knowledge of economics from the participants.
Due to the high international participation in the master's degree, it offers great opportunities for mutual enrichment and networking with other professionals in the sector, promoting links and work synergies with different experts and fellow students.
Average years of professional experience
Thanks to the school's Professional Careers Service, you will be able to participate in the Talent UP professional development program, a training complement designed to increase the value and positioning of our students in the professional market. This program provides students with tools and resources, individual career advice, training activities, company events, and various career opportunities.
The program is designed to complement the training of professionals with management responsibilities and graduates interested in acquiring the necessary skills to take on such responsibilities in:
- Hospitals, clinical laboratories, and public and private health centres
- Public bodies responsible for managing and/or funding pharmaceuticals and health services
- Private insurance companies
- Pharmaceutical companies and companies related to the distribution of pharmaceuticals
- Pharmaceutical and health service management training centres
- Consultancy and advisory firms related to the health sector, etc.
Admission and enrolment
Our admission process consists of a rigorous evaluation of each application to preserve the quality of the group as well as the training, experience, and work capacity of all students.
Who can apply?
Academic and professional background:
- Candidates must hold a Bachelor's Degree in health, pharmaceutical, health sciences, or economics.
- Graduates from other fields will also be taken into consideration.
- A minimum experience of two years in these fields will be positively valued, both nationally and internationally.
Proficiency in English:
Proof of English level is required in order to be admitted:
- TOEFL IBT: > 72
- CAE: B2
- IELTS: > 5.0
- Duolingo: > 115
- Employer letter: HR department letter stating English as the official language of the company, or that the candidate uses English on a daily basis.
*Applicants whose mother tongue is English do not need to present the aforementioned certificate.
*Applicants who have completed their full Bachelor's Degree or any other higher education studies at an English-speaking university must submit written evidence that English was the language of instruction.
*Depending on the undergraduate degree of the participants, additional training will be required. Students will be required to take additional courses that should be done during the first weeks of the Master and do not involve an additional cost. The courses will be in the areas of Global Health, Statistics, and Economics.
How to apply?
To apply for admission to this program, students must read and accept the Terms and Conditions of Contract once they start the application for admission through its form.
Application for admission
Complete your application within the next admission rounds:
|Round||Application deadline||Admission resolution|
Applications for admission will be evaluated when you complete the following steps:
- Complete the online admission form.
- Pay the €120 admission fee. This amount will be returned if you are not admitted.
- Send the following documents through the online platform e-registrar:
- Presentation letter
- Video motivation (3 min)
- Scanned copy of university degree (if you are in the last year of your degree, you can provide your academic records)
- Scanned copy of Transcript of Records. Make sure that it includes your GPA (Grade Point Average)
- Scanned copy of ID Card or Passport
- Passport-size photo (jpg format)
Additional documents may be requested in certain cases.
Applications are subject to the number of places available on the program.
- The Admissions Committee will select the candidates on the basis of a personal or CV-based interview.
- You will be notified of the admission decision in writing.
- Resgistration must be paid within a 15 days after the admission.
- Once the letter of acceptance to the program has been received, you will need to submit the following original documents before the course begins:
- Stamped and/or authenticated photocopy of your university degree.
- Stamped and/or authenticated photocopy of your transcript of records.
- If you have a foreign degree, we will indicate you in the admission letter the specific instructions of the documents required
- Paying the reservation fee (25% of the program's tuition fees) is essential in order to reserve your place
- If you pay the tuition fees by bank transfer you will be required to introduce the program code. The program code for this course is 1553.
- The remaining tuition fees must be paid 2 weeks before the start of the course.
Grants, scholarships and financing
The UPF Barcelona School of Management offers you different means of financing so that you can take any of our programs without worry. We offer you the opportunity to finance part of your program, either by rewarding your talent through scholarships, through grants from entities dedicated to promoting education or through collaboration agreements with financial entities.
Grants and discounts
You can choose how to finance your studies by consulting our simulator and receive an answer in less than 24 hours.
Online Master in Health Economics and Pharmacoeconomics