LICQual Level 7 Postgraduate Diploma in Pharmacoeconomics
Healthcare systems across the world face a constant challenge: how to deliver the best possible patient outcomes while managing limited resources. Rising drug costs, expanding treatment options, and increasing patient demand make decision‑making more complex than ever. This is where pharmacoeconomics becomes essential. It is the discipline that evaluates the economic impact of medicines and therapies, ensuring that healthcare choices are both clinically effective and financially sustainable.
The LICQual Level 7 Postgraduate Diploma in Pharmacoeconomics (PgD Pharmacoeconomics) highlights the importance of integrating economics with pharmaceutical science to guide smarter healthcare decisions. Pharmacoeconomics is not just about numbers—it is about balancing innovation with accessibility, ensuring that patients receive the right treatment without overwhelming healthcare budgets. As global health systems strive for efficiency and equity, professionals trained in this discipline are vital for shaping policies, guiding pharmaceutical investments, and improving patient care. For learners, engaging with pharmacoeconomics is more than academic—it is an opportunity to influence healthcare systems, enhance professional credibility, and play a pivotal role in advancing sustainable medicine.
Program Outline
The LICQual Level 7 Postgraduate Diploma in Pharmacoeconomics (PgD Pharmacoeconomics) is a structured qualification designed to provide learners with advanced expertise in evaluating the economic aspects of pharmaceutical care. Comprising 6 specialized units and worth 120 credits, the program introduces learners to areas such as cost‑effectiveness analysis, healthcare policy, patient safety frameworks, compliance with international standards, and ethical considerations in pharmacoeconomics.
This section outlines how the program equips learners with the knowledge and tools to evaluate the economic aspects of healthcare and medicines, apply evidence‑based methods, and align with international standards effectively. It identifies the types of learners the qualification is designed for, the practical skills they will acquire, and the career pathways available upon completion. Readers will also see how this globally recognized diploma opens doors to opportunities in hospitals, pharmaceutical companies, healthcare organizations, and research institutions, making it a valuable credential for anyone aiming to build a career in healthcare economics and resource management.
Unit Structure
| Qualification | Unit Title | Credits | GLH |
| LICQ2201224-1 | Principles of Pharmacoeconomics | 20 | 100 |
| LICQ2201224-2 | Health Technology Assessment and Policy Evaluation | 20 | 100 |
| LICQ2201224-3 | Advanced Economic Modelling in Healthcare | 20 | 100 |
| LICQ2201224-4 | Budget Impact Analysis and Resource Allocation | 20 | 100 |
| LICQ2201224-5 | Research Methodologies and Data Analysis in Pharmacoeconomics | 20 | 100 |
| LICQ2201224-6 | Advanced Capstone Project in Pharmacoeconomics | 20 | 100 |
Who Can Benefit
This postgraduate diploma is designed for individuals who want to specialize in the economic evaluation of medicines and healthcare systems. The program is particularly valuable for those who aim to address challenges such as rising drug costs, resource allocation, and compliance with international standards. It helps learners strengthen their expertise, improve employability, and prepare for roles where healthcare economics and pharmaceutical decision‑making are central to delivery of care.
Ideal Learners
- Students aspiring to enter pharmaceutical sciences with a focus on healthcare economics.
- Entry‑level professionals seeking structured training in medicine cost evaluation.
- Pharmacy assistants wanting to expand knowledge of cost‑effectiveness and patient care.
- Community pharmacy staff preparing for responsibilities in healthcare policy and resource management.
- Hospital pharmacy technicians aiming to strengthen skills in compliance and economic evaluation.
- Healthcare professionals transitioning into roles focused on medicine affordability and system efficiency.
- Career changers interested in pharmaceutical innovation and healthcare sustainability.
- Ambitious learners who want to develop practical skills for careers in healthcare economics and resource management.
What You’ll Be Able to Do
Unit 1: Principles of Pharmacoeconomics
Learners will be able to
- Critically evaluate the core principles of pharmacoeconomics, including cost-effectiveness, cost-utility, and cost-benefit analyses
- Analyse the role of pharmacoeconomics in healthcare decision-making and policy development
- Assess the economic value of pharmaceutical interventions in different healthcare contexts
- Apply pharmacoeconomic concepts to inform evidence-based clinical and managerial decisions
Unit 2: Health Technology Assessment and Policy Evaluation
Learners will be able to
- Examine methodologies for health technology assessment (HTA) and their application in healthcare decision-making
- Critically evaluate healthcare policies using economic and outcome-based frameworks
- Analyse comparative effectiveness research to inform clinical and policy decisions
- Integrate HTA findings into recommendations for healthcare resource allocation
Unit 3: Advanced Economic Modelling in Healthcare
Learners will be able to
- Develop and apply decision-analytic models, including decision trees, Markov models, and simulation techniques
- Analyse the economic impact of pharmaceuticals using advanced modelling methods
- Critically evaluate model assumptions, limitations, and outcomes in pharmacoeconomic studies
- Integrate modelling results into practical recommendations for healthcare decision-making
Unit 4: Budget Impact Analysis and Resource Allocation
Learners will be able to
- Conduct comprehensive budget impact analyses to assess financial implications of healthcare interventions
- Evaluate strategies for efficient allocation of healthcare resources in different settings
- Assess the economic consequences of policy decisions on healthcare delivery
- Apply budget impact findings to support strategic planning and decision-making in healthcare systems
Unit 5: Research Methodologies and Data Analysis in Pharmacoeconomics
Learners will be able to
- Design advanced research studies in pharmacoeconomics using quantitative and qualitative methodologies
- Analyse complex datasets using statistical and econometric techniques
- Critically appraise scientific literature to support evidence-based practice
- Apply research findings to enhance policy, practice, and professional decision-making in pharmacoeconomics
Unit 6: Advanced Capstone Project in Pharmacoeconomics
Learners will be able to
- Integrate knowledge from all units to design, execute, and present a comprehensive research or applied project
- Demonstrate advanced problem-solving, critical thinking, and evidence-based decision-making skills
- Evaluate project outcomes and propose improvements or innovative solutions
- Communicate complex pharmacoeconomic concepts effectively to professional and academic audiences
