Academic Year/course:
2022/23
21859 - Market Research I
Teaching Guide Information
Academic Course:
2022/23
Academic Center:
304 - Faculty of Law and Economics
332 - Faculty of Economic and Business Sciences
Study:
3041 - Double bachelor's degree programme in Law and Business Management and Administration / Economics
3326 - Bachelor's degree in Business Sciences - Management
Subject:
21859 - Market Research I
Credits:
5.0
Course:
418 - Bachelor's degree in Economics: 4
412 - Bachelor's degree in Business Sciences: 4
418 - Bachelor's degree in Economics: 3
412 - Bachelor's degree in Business Sciences: 3
417 - Bachelor's degree in Business Management and Administration: 3
417 - Bachelor's degree in Business Management and Administration: 4
523 - Double bachelor's degree programme in Law and Business Management and Administration / Economics: 6
Teaching languages:
Theory: | Group 1: Catalan |
| Group 2: Catalan |
| Group 3: Catalan |
| Group 6: Catalan |
Seminar: | Group 101: Catalan |
| Group 102: Catalan |
| Group 201: Catalan |
| Group 202: Catalan |
| Group 301: Catalan |
| Group 302: Catalan |
| Group 601: Pending |
| Group 602: Pending |
Teachers:
Lluis Salart Mas, Gilbert Martinez Gamote
Teaching Period:
417-First Quarter o Second Quarter
418-First Quarter o Second Quarter
523-First Quarter
412-First Quarter o Second Quarter
Schedule:
Presentation
This class is an introduction to market research understood as a tool for decision making within companies and organizations.
In this sense, the program follows the nextscheme:
- Types of problems and opportunities faced by companies in their interactions with their markets.
- Design of market research studies to make decisions in relation to these problems and opportunities.
- Information collection (onlin e& offline).
- Statistical & graphical data analysis. Criteria for applying different techniques (univariate or multivariate).
- Perceptual, cognitive and emotional frameworks that influence human decision-making and, therefore, the design of market research in order to study and anticipate it.
Timetable:
Theory: Mondays & Tuesday: (Weeks 1-2: Online format. Rest of weeks at classroom if not stated otherwise):
14:30 – 16:00 : Group 3 (Prof. Lluís Salart). Classroom starting on week 3 to be confirmed.
16:30 – 18:00 : Group 1 (Prof. Gilbert Martínez). Classroom starting on week 3 to be confirmed.
Seminars: Thursdays (Faculty classrooms) if not stated othersise.
15:00 – 16:30 : Group 101 (Class 13.007). Group 301 (Aula 40S02)
16:30 – 18:00 : Group 102 (Class 13.007). Group 302 (Aula 40S02)
Important note: Attendance to the first class of theory is mandatory for all students, even it’s done in online format. This includes also international students in exchange programs (like Erasmus ones). In this first session the norms of the subject will be established and specifically the first weeks logistics for the online project. As in the seminars, the non-attendance to this first class supposes -1 point from the part of the final mark related to seminars / participation. In case of non-attendance, the reason must be properly documented (e.g. medical justification).
Associated skills
General skills
|
Specific skills
|
Instrumentals
1. Ability to analyze & synthetize
2. Decision making
3. General knowledge
Interpersonals
4. Critical thinking
5. Teamwork
6. Expression & communication
Systemic
7. Ability to generate questions
8. Ability to apply knowledge in practice
9. Adapt to new situations
10. Generate new ideas
|
1. Research skills
2. Ability to organize & plan.
3. Skills information management (search & analysis of information). Medium-advanced use of Excel, SPSS & Google Forms (online surveys).
|
Learning outcomes
1) Acquire the key criteria when designing, evaluating and analyzing market research:
-Goals
-Target: sampling and representativeness
-Data collection & scales (input)
-Analysis (output)
2) Identify the main techniques in market research for dealing with large amounts of data.
3) Explore how consumer decisions are conditioned by cognitive and emotional frames of each person and time.
Prerequisites
The course is based primarily on data analysis applied to the environment of the actions of corporate marketing (product testing, mkt online, segmentation ...) therefore statistical tools (comparison of means, proportions or regressions were used ... ). These concepts & techniques will be refreshed at the proper lesson.
The previous knowledge of statistics courses should be sufficient to follow the subject.
ERASMUS / INTL. EXCHANGE STUDENTS: in the event that the exchange student does not have a minimum statistical knowledge, for example because it comes from branches more linked to LAW studies or alike, and are not familiar with concepts such as: 'student t test', 'statistical significance' or 'correlation coefficient' please email the professor (gilbert.martinez@upf.edu) before you choose this subject.
Contents
Block 1 (25%):Research Design
- Study types & goals
- Representativity (population & sampling) & measurement scales
- Surveys
Block 2 (15%): Statistical analysis (single and two variables)
- Missing & Atypical values
- Bivariate tables
- Average & proportion tests
- Expected Value
Block 3 (20%): Multivariate analysis
-
- Multiple regression (using diferent variables to quantitatively estimate an objective one)
- Clustering: (grouping elements that are similar)
- Decission trees (hierarchialy order variables according to their impact in an objective one)
Block 4 (15%): Qualitative research
- Design and interpretation of qualitative studies that seek to understand the motivations and the cognitive and emotional barriers of consumers
Block 5 (10%): Consumer behaviour
- Introduction to the perceptual, cognitive and emotional frameworks that determine human decisions and therefore the design and results of market research
Block 6 (15%): Online marketing
- Principles to understand and evaluate online marketing (SEO, SEM, Remarketing, Web analytics, Usability...)
Value Equation based analysis
-Schedule
Week
|
Unit
|
Seminars
|
Online project
|
Additional material (TBD)
|
Week 1 (Sep. 27th –
Oct. 3rd)
|
- Presentation of the course
- Types of Market Research
|
|
|
*Video (6 min.): “How your brain is getting hacked: Facebook, Tinder & slot machines”
http://bit.ly/UPF-hacked-brains
|
Week 2
(Oct. 4th –
Oct. 10th)
|
- Population and Sampling
- Consumer Research Proposal and Design
- Scales
|
Personal review & practice with the required material previous to the Seminar 1: “Seminar 0 (intro): Excel essencial”.
|
-Choose team & project subject
|
*Read post (5 min.):
http://bit.ly/UPF-sample-diversity
|
Week 3
(Oct. 11th –
17th)
|
- Open qüestions
- Univariate. Significance Testing
- Tuesday, Oct. 12th (holiday)
|
Seminar#1 (Oct. 14th):
- Dynamic tables with Excel
à No deliveries needed
|
-Write PIC (Consumer Research Proposal) and questionnaire. (to be delivered at second seminar: oct. 21st)
|
*Read article (5 min.): Prof. Albert Satorra in la Contra of La Vanguardia:
http://bit.ly/UPF-article-satorra
|
Week 4
(Oct. 18th –
24th)
|
- Statistical analysis. Bivariate. Anova.
- Khi Square (expected values)
- Missing vàlues. Outliers. Transformations.
|
Seminar#2 (Oct. 21st):
-Inzight: online software for visual & statistical analysis
à Delivery of PIC and questionnaire
|
-Delivery of PIC & Questions
|
*Video (first 15’ minutes):
“Hans Rosling muestra las mejores estadísticas que hayamos visto”
http://bit.ly/UPF-hans-rosling
|
Week 5
(Oct. 25th –
30th)
|
- Panel data
- Multivariate Analysis: Introduction & Multiple regression
|
Seminar#3 (Oct. 28th):
-SPSS basic and simple regression
à No deliveries needed
|
à à Send polls to your social networks after corrections according to teacher feedback.
-Analyze univariate & bivariate tables (Nov.4th delivery).
|
*Video (1 min.)
https://bit.ly/UPF-robots
*Read post (5-10 min.)
“Los robots no serán los que quitarán el trabajo”.
http://bit.ly/UPF-ia
|
Week 6
(Nov. 1nd –
7th)
|
- Tuesday, Nov. 1st. (holiday)
- Hands on session: predictive model based on shopping data – To be confirmed
|
Seminar #4 (Nov.4th):
-Multiple regression
à Delivery of bivariate tables
|
- Multiple regression analysis (deliver Nov. 11h)
|
*Vídeo (9 min.) “¿Por qué me vigilan, si no soy nadie?” http://bit.ly/UPF-smartphone-you
|
Week 7
(Nov. 8th –
14th)
|
- Multivariate Analysis: Cluster and Decision Trees
- Qualitative studies & Innovation (I)
|
Seminar #5 (Nov.11th):
-Cluster analysis
à Delivery of multiple regression
|
- Cluster analysis (deliver Nov. 18th)
|
*Watch video (3 min.) “Why we lie to Facebook and confess to Google”.
http://bit.ly/UPF-facebook-google
|
Week 8
(Nov. 15th –
21st)
|
- Qualitative studies & Innovation (II)
- Irrational Consumer Behavior (I)
|
Seminar #6 (Nov. 18th):
-Review and final presentations
à Delivery of cluster analysis
|
-Write final online project report
|
*Read the post:
“5 pricing tactics”. (5-10 min.) http://bit.ly/UPF-price-tactics
|
Week 9
(Nov. 22nd –
28th)
|
- Irrational Consumer Behavior (II)
- Online MKT: Intro + SEO
|
|
à à Project Delivery deadline sunday, Nov. 28th.
|
*Watch video (17 min., start after min.1)“Are we in control of our own decisions?” http://bit.ly/UPF-Dan-Ariely-irrationality
|
Week 10
(Nov. 29th –
Dec. 5th.)
|
- Online MKT: SEM+RMKT+Usability
- Online MKT: Google Analytics (To be confirmed)
|
-Suggestion: review document: ‘v13 Recopilación de dudas alumnos IdM’
|
|
*Watch video (17 min.)
“What explains the rise of humans”
http://bit.ly/UPF-rise-humans
|
Note: Write the links to the material directly in the browser as sometimes they do not work when clicked if the link occupies more than one line as shown at the table.
Teaching Methods
Interest & active participation of students in theoretical & practical classes is expected. All readings or videos shown in the schedule or mentioned at the course slides are important part of the course.
Evaluation
Evaluation
The final grade is based on the principle of assigning half of the score to mastering the concepts and techniques presented in the theory and half to its implementation in practice.
- Final exam: 50%
- Seminars & class participation: 30%
- Online Survey project: 20%
To be able to calculate the weighted average of the final exam + seminars & class participation+ the online survey project is necessary to obtain at least a 4 (in a 0 to 10 scale) on both parts of the final exam (multiple choice questions & open questions), which is a needed but not sufficient condition, to pass the subject.Otherwise the final overall grade of the student will be the below 4.0 mark got at either part of the exam. Also, to achieve an overall rate of “Notable” (B) the student needs to obtain a minimum mark of 6.0 at the final exam.
-Final exam (50% of the final mark):
• 20 multiple choice questions (1 point each) + 5 open questions (4 points each). 40 points in total equivalent to maximum mark of (10.0). Time to fulfill the exam: 2 hours.
• 4 possible answers for the multiple choice questions. Only one is valid.
• Blank answersdo not reduceyour mark. However, incorrect answers will reduce the mark by -0.33 points [mathematical expectationof random answering patterns = 0].
• Only a pen & pencil / rubber should be on the table. No calculators, smartphones, or formula sheets are allowed.
• Article 7 of the disciplinary regime specifies the penalties for most of the inappropriate behaviors reported byexam surveillance teachers.
According to the criteria set up by the faculty dean, a recovery exam wil be offered, during next term, only to those students who fail the final exam. This recovery exam cannot be used to improve your mark and the maximum final mark of the course will be ‘Notable’(B). The recovery exam will show a similar degree of difficulty than the final one. You should achieve a 4/10 score in this exam (both at multiple choice questions part and at open questions one separatedly) in order to weight its score with seminars and the online survey project. If so, the weight will be 70% recovery exam, 20% seminars and 10% the survey project. Should the mark at the exam be lower than 4.0, the final mark will be that of the recovery exam.
Please recall that, according to the faculty rules (art. 11.4.2) the recovery exam cannot be realized by those students who have not been involved in the learning & avaluation activities during the academic term or those who have renounced to be avaluated. This entails that, in order to get the right to attend the recovery exam, one should have obtained a minimum mark of 2.0/10.0 at the final exam, plus a minimum mark of 5.0/10.0 at the seminars (attendance, overall participation and deliveries included).
-Seminars & class participation (30% of the final score):
• They will take place starting on 3rd. week (1st. class monday, October 14th.). You should attend to all 6 seminars as they are mandatory.
- Group seminars are made of (4) four people.
- The scheme of the seminars is as follows:
- Seminar 1: Dynamic tables with Excel
- Seminar 2: Inzight tool: tables and tests
- Seminar 3: Basic SPSS workshop and simple regression
- Seminar 4: Multiple regression
- Seminar 5: Cluster
- Seminar 6: Final review
- 4 deliveries and presentations will be made:
- Seminar 1: -no deliveries needed
- Seminar 2: Delivery 1 | Consumer Research Proposal (P.I.C) and questionnaire
- Seminar 3: -no deliveries needed
- Seminar 4: Delivery 2 | Univariate & Bivariate Tables
- Seminar 5: Delivery 3 | Multiple Regression
- Seminar 6: Delivery 4 | Cluster Analysis
- A student that delivers appropriately and on time the seminars with their own group will receive a 6 over 10 mark. See below instructions to improve this mark.
- Seminars may be submitted either in Spanish, Catalan or English. We ask you to pay attention to the expression, grammar & spelling in each language.
- You should deliver 1 document to the teacher: a Word (or equivalent) with all the detail work done. The seminar professor will tell in advance to 2-3 groups to prepare a powerpoint to present their work in the following week (additional to the word document)
- Minimum conditions of delivery (required information to appear on the cover):
- Report must be stapled (without clips, without bending the corners, without plastic folders, just stapled together).
- You must specify the title of the seminar (eg. " Delivery 3 | Multiple Regression "
- Identification of group (eg "Group 102-4 ")
- First & last names of all group members
- Delivery date (date of presentation)
The seminar score will be reduced by -1 point if any of these five conditionsis not met. The work will be printed in black & white or color irrespectivelywithout affecting the mark, as long as the information is readable.
As in the real business world the main responsability of the good team work lays within the team members. If they consider that an specific team member is not contributing in the same level as the rest they should make this know by mail to the seminar teacher explaining the reasons. ‘Free rider’ behaviour will be penalized.
- The final grade of seminars sill not necessarilybe the same for all members of a group and will depend on:
- The level of the individual presentations
- Participation degree in seminars & theory classes
- We will subtract -1 point directly to the final mark of the whole three seminars, in case of not attending a seminar. Only one (1) absence can be justified. This absence have to be communicated in advance, whenever possible, and provide the justifying documents requested by the teacher. Medical justifications must be signed by a collegiated doctor and need to be generic, without references to medical or personal conditions of the student.
After 3 times (inclusive) not attending a seminar, that is,after losing in fact 50% of the seminar classes, students can fail all the subject according to what the professors of theory & practice may decide.
4.3 Online survey project (20% of the final score). Deadline: sunday nov. 28th.
- You should perform and analyze an online survey on your social circle of contacts (therefore we don’t have a goal to get a good sample representation of the ‘general population’) using the free Google Forms option available in Google Drive or Typeform.
- It will be done in groups of 4, with the same seminar group members.
- The subject is free (products or brands, markets, society, trends ...) and is recommended that you choose one where you and specially your circle of contacts are highly involved, in order to encourage their involvement and quality of the responses.
- Your group should get at least 120 (the higher the better) final surveys. In order to have time to gather the survey responses should be sent to your contacts between 20th and 22nd. of October.
- The assessment will be based on the following guidelines:
- Clear & operational structure of the flow of survey questions
- Comparison of results with secondary reference sources (external reports, rigorous media sources, surveys with more generic samples ...)
- Reading clarity(tables, charts & interpretations).
- Clear differentiation between information (what objectively is shown by the data) & opinion (hypotheses about the reasons that may explain the data patterns showing, where possible, how could they be confirmed or rejected).
Bibliography and information resources
Bibliography & learning resources
-Basic bibliography
Books where you can find course contents in detail. All available at the library:
English: CHURCHILL, Gilbert A. Marketing Research: Methodological Foundations. Hinsdale (Illinois): The Dryeden Press, 1991.
Spanish: MALHOTRA, Naresh K. Investigación de mercados. Un enfoque práctico. 2a. ed. Mèxic: Prentice Hall, 1997.
-Additional bibliography
PEDRET, Ramón et al. La Investigación comercial como soporte del Márketing. Deusto, 2000.
JAMES, Gareth et al. An Introduction to Statistical Learning with Applications in R (Second Edition). Edition updated (August’21). Freelly avalaible at Standfor Univ. website: https://web.stanford.edu/~hastie/ISLRv2_website.pdf
HAIR, Joseph F. et al. Análisis Multivariante. Prentice Hall, 2001.
DE LA GARZA, Jorge et al. Análisis Estadístico Multivariante. Un enfoque teórico y práctico. McGrawHill, 2013.
-Essential bibliography for curious types (but not obligatory for the subject)
NOAH HARARI, Yuval. Sàpiens. Ed. 62, 2014 (how we got here)
ARIELY, Dan. Les trampes del desig. Ed. 62, 2008 (about ‘irrational’ behaviour)
BRYSON, Bill. Una breve historia de casi todo. RBA, 2003 (science & discoveries)
Basically any classic book from Erich Fromm (social psychology), Desmond Morris (human behaviour according to a zoologist) or Barry Commoner (ecology & industrialization)