Markets Research

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Markets Research

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business, Business Administration, Business Management, Economics, Marketing

  • Language Level

    Taught In English

  • Prerequisites

    STUDENTS ARE EXPECTED TO HAVE COMPLETED
    Marketing
    Statistics I
    Statistics II

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS.

    Learning objectives:

    - To become skilled at basic concepts and methodologies needed to perform a marketing research study (problem proposition, sampling, collecting and analysing data, reporting findings);
    - To comprehend firms' problems in order to design proper marketing research studies;
    - To apply marketing research processes to real market situations, which are relevant to the firm;
    - To analyze outcomes of marketing research studies in order to suggest the most appropriate strategic orientation and operational actions.

    Skills objectives:

    - To become familiar with a wide range of marketing research methodologies;
    - To prepare reports and communicate results to an audience of company executives;
    - To make use of one of the mostly diffused software's programs for marketing research;
    - To participate in working groups, whose aim is to stimulate creativity and accuracy.

    Attitudinal objectives:

    - Curiosity towards marketing and its challenges;
    - Criticism and creativity to solve managerial problems;
    - Interest in applying a portfolio of diversified tools needed to draw reliable conclusions;
    - Ethics, according to the international code and guidelines on market and social research defined by
    ICC/ESOMAR.

    DESCRIPTION OF CONTENTS: PROGRAMME

    Topic 1. Introduction to Marketing Research
    1.1. The process of Marketing Research
    1.2. Classification of Marketing Research Studies
    1.3. Problem definition
    1.4. Preparing a marketing research report

    Topic 2. Exploratory, descriptive and causal research techniques
    2.1. Exploratory designs: In-depth interviews, Focus groups and observation
    2.2. Descriptive designs: Surveys and panels
    2.3. Explicative designs: Experiments and conjoint analysis techniques

    Topic 3. Fieldwork and data preparation
    3.1. The nature of fieldwork
    3.2. Data coding
    3.3. Computerized databases

    Topic 4. Univariate hypotheses testing
    4.1. Frequency
    4.2. Tendency
    4.3. Dispersion

    Topic 5. Bivariate hypotheses testing
    5.1. Testing for significant differences
    5.2. Testing for association

    Topic 6. Multivariate preferences analysis with SPSS
    6.1. Multiple regression analysis
    6.2. Analysis of variance and covariance (ANOVA, MANOVA, etc.)

    Topic 7. Multivariate positioning analysis with SPSS
    7.1. Principal components analysis
    7.2. Perceptual maps

    Topic 8. Multivariate segmentation analysis
    8.1. Cluster analysis
    8.2. Discriminant analysis

    LEARNING ACTIVITIES AND METHODOLOGY
    During the course, students will participate to both theory lectures and practice sessions (based on case study discussions, problem sets solving and use of software packages at computer lab), whose aim is that of transferring conceptual and methodological knowledge. In order to improve their personal capabilities, students will participate in a teamwork experience (each team being composed by three to four members), by which all steps of a marketing research study are performed. At the beginning of the course, each team will receive a firm's marketing problem to face. Accordingly, students will have
    to identify the objective of the marketing research study; analyse descriptive data, bivariate relationships and multivariate models in order to draw conclusions and present results of the study. For each step, a report has to be submitted to the course lecturer. Finally, at the beginning and at the end of the course, each team is expected to make a short presentation of expected and obtained results to a (theoretical) audience composed of corporate executives.

    ASSESSMENT SYSTEM
    The assessment system of this course is based on two main components: 1) an individual, written exam; and, 2) a practical activity. The final exam accounts for 60% of the course grade. Its objective is to assess whether and how much each student knows, understands and is able to put in practice the concepts and methodologies of marketing research. The practical activity accounts for the remaining 40% of the course grade. Students are expected to perform a marketing research study. Partial and final results of the study have to be disclosed by means of written reports and oral presentations. Both analytical capabilities and communication abilities will be subject to assessment and evaluation.

    The minimum in the final exam is 3.5.
    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40

    BASIC BIBLIOGRAPHY
    - MALHOTRA, N. Marketing Research: An applied Orientation, Prentice Hall, 5ª Ed. 2006
    - HAIR, J.F.; BUSH, R.P.; ORTINAU, D.J. Marketing Research: within a changing information environment, McGraw-Hill/ Irwin, 2003

    ADITIONAL BIBLIOGRAPHY
    - DILLON, W. R.; MADDEN, T. J.; FIRTLE, N. Marketing Research Within a Changing Envioronment, McGraw Hill. 2004..
    - PEÑA, D. "Análisis de Datos Multivariantes", McGraw Hill. 2002.

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.