Health economics is a type of economics-based research that analyses efficiency, value, effectiveness, and behavior in the production as well as consumption of health care. It’s a well-known fact that healthcare is the most notable area. This article answers what is Health Economist and understands their roles and responsibilities in Canada. Health Economics has been described in detail here. In many economies around the world with the populations getting higher, it has become very strenuous and popular.
What is Health Economist and Health Economics?
Health Economics in the field of study allows for systematic and rigorous examination of the problems that we face in promoting health for all. So, what is Health Economist? The one who examines and brainstorms to find solutions for the healthcare problems. It applies economic theories of consumer, producer, and social choice. It also aims to understand the behaviour of individuals, health care providers, public and private organizations, and governments in decision-making.
Study in the Canada universities for a bright career
Canada is one of the major global players in higher education. It is also home to more than 200,000 international students. It also ranks on the top of OECD (The Organisation for Economic Co-operation and Development) countries for being backed by state for higher education. Canada is no stranger to Indians. The Indian community is large and diverse there.
Admission Information for the best university in Canada
Top-notch universities offer a range of Master’s courses across multiple programs for Health Economists usually for 1-2 years.Most universities require an application form, transcripts, a minimum GPA, and recommendation letters to study in Canada. Some colleges ask candidates to submit English proficiency test scores like TOEFL, IELTS, and CAE.
The tuition fee ranges from USD 9,900-15,700 depending upon the university you opt for. There is provision for scholarship as per your academic or financial background. International students are allowed to work part-time up to 20 hours per week and 40 hours during vacation which helps cover up the expenses.
Why you should move from India to Canada jobs
As medicine and healthcare, in general, are constantly expanding so are the job opportunities. You can work as a Health Economist, health data analyst, or even as a nursing or research program manager with a degree in health economics and shift from India to Canada jobs.A simple search with ‘Health economics’ as keywords leads to around 2,200 jobs results on Glassdoor and 120 on LinkedIn related to Canada.
What is Health Economist salary in Canada?
Health Economists have a reportable starting salary of around CAD 140,000. Within a decade, there’s an expected spike in salary to CAD 250,000, double the starting salary after studying in the best university in Canada.Enough savings can be made as the living cost in Canada comes around CAD 2,700 per month for an individual and CAD 5,100 for a small family. However, this might vary upon the city you live in.
Health economists promote healthy lifestyles and positive health outcomes through the study of health care providers, hospitals and clinics, managed care, and public health promotion activities. You can either join international agencies, academic research institutions, or private firms.
If you have a strength for investigation, an analytical mind, and logic coupled with deep interest and care for improving the health of the public, then a career in health economics will no doubt prove exciting and rewarding. The standard of living is good in Canada and also provides a safe, stable, and friendly environment. In conclusion, pursuing a Master’s in there can open doors to many opportunities both in Canada and across the world.
Now that you know what is Health Economist, you are aware of the demand for skilled Health Economists. It’s enormous and ever-increasing!
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