MKF2131 Marketing decision analysis
Faculty of Business and Economics
MKF2131 Marketing decision analysis is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield. It needs MKW2420, MKB2705, MKC2500 or MKF2121.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
Reviews
No reviews yetNo reviews yet. Be the first to review MKF2131.
Requisites
Before MKF2131
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After MKF2131
No unit lists MKF2131 as a prerequisite in the 2021 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
With increasing availability of data and computing power, more and more companies are using data driven decision making, and data is becoming the heart of the corporate decision making process. In this unit, you will learn the power of marketing analytics and its effectiveness in making better decisions. Working with multiple marketing metrics and models, you will develop skills to identify problems, analyse data and develop optimal decisions for various marketing issues.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment60%
- ExaminationThreshold hurdle40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
evaluate and use a range of marketing metrics and models, and apply them to analyse business problems
- 2
develop a capability to interpret metrics and model outcomes, evaluate strategies and develop managerial recommendations
- 3
recognise the strengths and limitations of various metrics and models.
Workload and teaching
- Tutorials18 hours
- Lectures18 hours
- Laboratories18 hours
- Teaching approachOnline learning
- Teaching approachProblem-based learning
- Teaching approachCase-based teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Required resources
Required text: Farris, P.W., Bendle, N.T, Pfeifer, P.E. & Reibstein, D.J. (2016) Marketing Metrics: The Manager's Guide to Measuring Marketing Performance , 3rd edition , Pearson Education.
Technology resources
You will need access to Microsoft Excel and Word for this unit.
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Contacts
- Chief Examiners
- Dr David Lie
Common questions
What are the prerequisites for MKF2131?
You need MKW2420, MKB2705, MKC2500 or MKF2121 before you enrol. Enrolment rules also apply.
When is MKF2131 offered?
In 2021, MKF2131 runs in Semester 1 and Semester 2 at Caulfield.
How much work is MKF2131?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does MKF2131 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 1 other task.