Fundamentals of Marketing
| Module title | Fundamentals of Marketing |
|---|---|
| Module code | BEM1019 |
| Academic year | 2019/0 |
| Credits | 15 |
| Module staff | Dr Alex Thompson (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 11 |
| Number students taking module (anticipated) | 500 |
|---|
Module description
All students come into this course with some knowledge concerning marketing because, as consumers, students are continuously exposed to marketing practices such as advertising and personal selling. However, additional knowledge is needed in order to understand how businesses, non-profit organizations, and governmental institutions utilize marketing to achieve their objectives.
This module is designed to help introduce students to a marketing process. Students will learn about the basic concepts, practices, and analytical methods of marketing and study how successful organizations conduct marketing strategy to build sustainable competitive advantage over their competitors.
Module aims - intentions of the module
The aim of this module is to provide students with a basic introduction to the marketing environment, the marketing mix, marketing management, and the role of marketing in a global society. This course provides students with a consumer oriented perspective that extends beyond traditional economically based marketing knowledge in order to help students understand the roles of socio-cultural and psychological forces in the planning of marketing strategies.
The course content is structured around real world examples and discussions that will help students develop skills of critical analysis and problem-solving. We will draw from the work of international marketing scholars and look at marketing and consumption in the context of globalization. A key consideration to marketing and consumption practices is also the notion of sustainability. In this course we will consider the ethics surrounding marketing practices and its relationship to sustainable environments. Finally, this module helps students understand how organisations use data and what this means in different aspects of companies, (such as advertising, supply chain, and budgets) and how this relates to specific job titles.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Demonstrate an understanding of marketing not just as a management practice but also as highly influential and intersecting with political, economic, technological and societal issues
- 2. Demonstrate the ability to devise, sustain and justify arguments relating to broader social issues relevant to marketing practice
- 3. Understand and apply core marketing principles and behavioural theories and recognize their role and importance in marketing decision-making
- 4. Recognise the importance of studying consumer behaviour for the effective implementation of the marketing concept
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 5. Critically evaluate the models, theories and concepts commonly used in exploring and understanding marketing practice
- 6. Apply a range of behavioural concepts and theories in order to understand or justify marketing activity
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 7. Demonstrate the practical ability to analyse, communicate and present ideas, theories and principles.
- 8. Develop the initiative and ability to make connections and synthesise ideas and issues from targeted subject materials relevant to a marketing subject area.
- 9. Develop independent/self-directed learning skills, including time management, working to deadlines, and keeping abreast of a wide range of literature.
- 10. Demonstrate the ability to present material that supports a reasoned and consistent argument
Syllabus plan
The following subjects will be taught throughout the course of the term:
- What is Marketing?
- The Marketing Environment
- Ethics
- Consumer Behaviour
- Segmentation Targeting & Positioning
- Marketing Research
- Product Classifications
- Pricing Decisions
- Supply Chain Management
- Integrated Marketing Communications
- Promotion and Personal Selling
- There will also be a number of short topical presentations on issues pertinent to marketing
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 27 | 123 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning & Teaching activities | 22 | Lectures |
| Guided independent study | 123 | Reading, researching and writing assignments |
| Tutorials | 5 | Training Skill-Based workshops |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Student Led Discussions | Students will be assigned to groups where their team is responsible for leading the class discussion in conjunction with the module coordinator. | 1-7, 10 | Verbal feedback |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 70 | 0 | 30 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Individual learning log, which consists of 3 Individual written essays of 750 words each. | 70 | 2250 (maximum) | 7-10 | Written Feedback |
| In class test | 30 | 1 hour | 1-6 | Performance Summary |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Learning Log and Written Examination | Written Examination | 1-6 | August Examination Period |
Re-assessment notes
Students requiring reassessment will be required to retake the final examination for 100% of their grade.
Indicative learning resources - Basic reading
Lamb, C.W., Hair, J.F., and McDaniel, C. (2018). MKTG: Principles of Marketing 12th edition, Cengage Learning., 432 Pages Paperback.
Indicative learning resources - Web based and electronic resources
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| NQF level (module) | 4 |
| Available as distance learning? | No |
