LICQual Level 3 Certificate in Health Economics 

LICQual Level 3 Certificate in Health Economics 

LICQual Level 3 Certificate in Health Economics is designed for healthcare professionals, policy makers, and career changers who want to understand the economic principles that drive healthcare systems. This course combines practical knowledge with real-world applications, helping you make informed decisions in hospitals, clinics, public health organizations, or healthcare startups.

Through this Level 3 Health Economics course, you will explore topics such as cost-benefit analysis, health system evaluation, healthcare resource allocation, and economic modeling. You will learn how to assess the financial impact of healthcare interventions, analyze policy implications, and understand the economic challenges faced by healthcare providers. The course emphasizes practical skills, enabling you to apply health economics concepts in your professional environment with confidence.

The Health Economics Certification from LICQual is fully accredited, giving you a recognized credential that showcases your expertise to employers and peers. Delivered in an approachable and practical format, the course includes case studies, step-by-step guidance, and actionable insights that make complex economic principles easy to understand. Whether you aim to advance your career, transition into healthcare economics, or enhance your strategic decision-making skills, this course equips you with the tools you need to succeed.

By the end of the course, you will be able to apply health economics frameworks to real-world scenarios, evaluate healthcare policies, and contribute to more efficient, cost-effective healthcare delivery.

Course Overview

Qualification Title

LICQual Level 3 Certificate in Health Economics 

Total Units

6

Total Credits

24

GLH

120

Qualification #

LICQ2200712

Qualification Specification

Download Qualification Specification

To enroll in the LICQual Level 3 Certificate in Health Economics , applicants must meet the following criteria:

  • Age Requirement: Applicants must be at least 18 years old.
  • Educational Requirements: A minimum of a Level 2 qualification or equivalent in healthcare, economics, finance, management, or a related field is recommended. Learners with relevant professional experience may also be considered.
  • Experience: Applicants should ideally have experience in healthcare, public health, policy, or management roles, to support the practical application of economic principles in healthcare settings.
  • English Language Proficiency: Participants must have sufficient English reading, writing, listening, and speaking skills to understand instructions, complete assessments, and communicate during practical exercises.
  • Commitment to Continuing Professional Development (CPD): Learners must demonstrate a strong commitment to ongoing professional development, ensuring they are prepared to apply new knowledge and skills effectively in their workplace.
  • Access to Required Resources: Learners should have access to relevant study materials, digital tools, workplace examples, and research resources to support both independent learning and assessment completion.

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 professionals seeking to enhance their understanding of healthcare systems, resource management, and policy evaluation. It is also ideal for career changers looking to enter the healthcare sector with a strong foundation in health economics. This course equips learners with practical knowledge, analytical skills, and a recognized certification to improve career prospects and professional credibility.

Healthcare Professionals

  • Gain advanced knowledge in healthcare economics and policy
  • Understand cost-benefit analysis for better decision-making
  • Learn to evaluate healthcare interventions and outcomes
  • Apply economic principles in hospital or clinical settings
  • Strengthen strategic planning and resource allocation skills
  • Enhance career growth with a recognized Level 3 certification

Healthcare Administrators and Managers

  • Improve departmental budgeting and resource management
  • Analyze financial impact of healthcare projects
  • Develop policies based on economic evaluation
  • Enhance leadership in decision-making processes
  • Learn tools to measure efficiency and patient outcomes
  • Gain practical insights for strategic healthcare planning

Policy Makers and Public Health Professionals

  • Understand the economics behind healthcare policy decisions
  • Evaluate the cost-effectiveness of public health programs
  • Learn to prioritize resources for population health initiatives
  • Develop evidence-based policy recommendations
  • Apply health economics frameworks to real-world problems
  • Strengthen credibility with accredited certification

Career Changers Entering Healthcare

  • Build a strong foundation in health economics
  • Transition confidently into healthcare or public health roles
  • Learn practical skills applicable to hospitals, clinics, and startups
  • Gain knowledge in policy evaluation and cost analysis
  • Enhance employability with a recognized Level 3 certificate
  • Develop a portfolio demonstrating analytical and economic skills

Researchers and Analysts

  • Learn to conduct economic evaluations of healthcare projects
  • Understand data analysis and modeling techniques
  • Assess financial and operational impacts of interventions
  • Apply economic theories to healthcare research
  • Generate evidence for policy or organizational decision-making
  • Gain certification to strengthen professional credibility

Entrepreneurs and Healthcare Startups

  • Understand healthcare market dynamics and economic challenges
  • Learn to assess feasibility and profitability of healthcare ventures
  • Develop cost-effective service models
  • Make data-driven decisions to optimize resources
  • Strengthen marketing and strategic planning in healthcare
  • Acquire a professional certification to boost investor confidence

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.