MT3310
PRINCIPLES OF MARKETING
2006 Spring

Hugh J. Guffey, Jr.
234 Lowder Business Building

OFFICE HOURS:
10:00 - 10:45 AM    MWF
12:00 - 12:45 PM    MWF

Final Exam Grades

Section 001 (9:00 AM Class)

Section 002 (11:00 AM Class)

Section 003 (1:00 PM Class)

E-MAIL: hguffey@business.auburn.edu

PHONE:(334) 844-2475

FAX:(334) 844-4032

COURSE OBJECTIVE:

This is the introductory course in Marketing. As such it is a part of the core requirement of all business majors, is the foundation for all subsequent courses in Marketing and several other allied curricula, and is a basic part of the “common body of knowledge” that is required for a business minor. The instructional content focuses on the vocabulary and concepts that are the basis of managerial problem solving by marketing decision makers.

Both “micro” and “macro” approaches are taken in order to demonstrate the interrelationships between marketing decisions and the competitive environment. Course coverage includes the application of basic microeconomic concepts and analytic problem solving to the study of marketing issues as they are related to other managerial decisions.

COURSE PREREQUISITES:

The prerequisites for this course are
                                         - a cumulative 2.2 GPA,
                                         - junior standing and,
                                         - a passing grade in ECON 2020.

NOTE:      A College wide moratorium is currently enforce regarding any waivers of Junior standing for this course. Waivers of ECON 2020 are very unusual and are obtained from the Chair of the Department of Marketing.

The cumulative GPA requirement applies to all business courses at the 3000 or higher level. This rule applies both to business and non-business students. Students failing to meet any of the prerequisites will be dropped from the class whenever the lack of qualification is discovered regardless of how far along the term or any grades that may have been earned.

TEXT:

The textbook for this course is PRINCIPLES OF MARKETING 11th edition (Pearson Prentice Hall, Upper Saddle River, New Jersey), copyright 2006. It is authored by Phillip Kotler & Gary Armstrong.

This text has been packaged in a special bundle for this course by the publisher under the ISBN #: 0-13-227764-6. This package includes:

  • the text,
  • a DVD of the videos that accompany the text,
  • a student study guide and,
  • an access code to the online Course Compass.     (The course ID is guffey39510).
The bundled package is available at the area bookstores and is priced the same as for the textbook only.

NOTE:       The text is probably the best undergraduate level introductory marketing text in existence today. The primary author is an extremely respected scholar and has published extensively in the basic strategic areas of marketing. This is the extended version of the text. A ‘lite’ or ‘essentials’ paperback edition of this text (Marketing : An Introduction (7th Edition)) by the same authors is available but it tends to be very limited in its coverage of the material.

By special arrangement with the publishers, each bundled version of the text includes a copy of all the videos that will be shown in class. Understand that you will be held accountable on the exams for the material presented in these videos. Thus it is extremely important that you view these videos for more than their entertainment value.

The study guide is offered by the publishers as a summary of the highlights of each chapter. This is an excellent overview treatment of the material. The study guide is best used simply to structure the material. It is an extremely poor substitute for the text. Understand that a substantial portion of your exams will be taken randomly from a computerized test bank that reflect material that is uniformly taken from the text (not the study guide or the practice exams). The bottom line here is that if you look to the study guide to teach you the content material, you are doomed to a poor grade. The only authoritative sources for the test materials are the text, the videos and the lectures.

Of all the different support material the on-line source (Course Compass) has the potential to be of the greatest value. Unfortunately this resource tends to be less than beneficial, and often is counter productive for the student. There are numerous resources available via the Course Compass but the two primary ones are access to the complete videos (in case you loose your DVD) and the self study practice quizzes. Be forewarned that the practice quizzes often have incorrect answers given. If the suggested answer appears odd, check the text citation. The error rate in the practice quizzes is generally between 5 and 15 % per chapter. Also the practice quizzes tend to focus more on the study guide and seldom reflect the questions in the computerized test bank. As stated above for the study guide, if you look to the practice quizzes to teach you the content material, you are doomed to a poor grade. The only authoritative sources for the test materials are the text, the videos and the lectures.

Alternatively, this text is available in an online version (without all the bundled material) at a substantially reduced rate at Safarix eTextbook’s.

Since this text has been in use since the fall term of 2005, numerous resellers offer both used and new versions of this text at substantially discounted prices. Normally you should be able to find a “very good” copy of the text for less than $50 and “like new” copies selling for between $50 and $100. There is also an “International soft cover edition” listed in “new/sealed” condition that sells for between $55 and $65. Students should use caution when purchasing some of these bargain texts. It should be noted that the listing for most all used texts are for the textbook only and typically do not include the augmented materials.

Of special interest is the frequency in which book resellers offer sealed, new Instructor Editions of the text. These are specially annotated versions of the text that are given as examination copies to faculty members who in turn simply sell them to used book purchasers. Some resellers even offer copies of the Test Bank, Instructor's Teaching Guides and Case Solution Manuals that are acquired from low life instructors who swap their ethics for a few extra dollars.

GRADE DETERMINATION:

Your grade for the course will be determined by your relative performance on four equally weighted examinations. The dates for the exams are posted on the calendar. Each exam is non-cumulative. That is, the material covered for each examination will be limited to the chapters covered since the last exam.

The results of each examination will be scaled to be a portion of the highest scores actually achieved by the 3-5% top scoring students in the class. Thus your grade will be determined as a proportion of peer performance and will not be determined by the length, difficulty or the squirrely wording of the questions that were either randomly selected from the computerized test bank or drafted by your instructor. Note that this action does not curve grades it simply eliminates much of the impact of ambiguous or unduly complex questions.

GRADE ASSIGNMENTS
Average Grade Percentage 90 - 100 A
Average Grade Percentage 80 - 89 B
Average Grade Percentage 70 - 79 C
Average Grade Percentage 60 - 69 D
Average Grade Percentage Below 60 F
One or more exam grades still missing due to University approved excuse IN
One or more exam grades still missing without University approved excuse NR
CAUTION:   An NR grade can not be gapped. If you decide to quite the course after the last day to withdraw without grade penalty, be certain that you come and “sign off” on all exams.

EXAMINATION PROCEDURES:

Fifty multiple choice questions will be used for each examination. The rationale for this number is based in part on the advise of instructors with long term experience with large section Principles courses and in part on the experience of the College Board. The College Board offers a CLEP exam for the Principles of Marketing Course. Their time allowance is 90 minutes for 100 multiple choice questions (not including the time for providing personal information). That is a time limit of 54 seconds per question. Thus using this as a reasonable standard, you would expect 55.6 questions per 50 minute time period. Some students find that their performance/ability is such that they require more time for these types of exams. If this is your situation, you need to request special accommodations through the Program for Students with Disabilities in 1244 Haley Center.

All exams will be objective exercises and will be machine scored. You will need to bring an AU, DUC, blue "General Purpose Scan Sheet" and a # 2 lead pencil to each examination. Since exam times are limited you are advised to complete (bubble-in on the scan sceet) the basic identification stuff before coming into the exam.

Your exam seating will be assigned by seat number. Each student will be required to show a picture ID (preferably your student ID card, but your driver's license will do if you can't find your student ID) upon turning in the exam.

There will be at least three versions of the same exam used for each class. Each class will have different questions for each examination.

At least fifty percent of the questions on each exam will be randomly drawn from the text publisher’s test bank. These questions will come directly from the textbook and may not reflect material covered in class, covered in the study guide or included in the practice tests that are accessed via Course Compass.

At least twenty percent of the questions on each test will come from material that was presented in class that is not covered in the textbook, the study guide or the practice tests. These off-text materials will be taken from the instructor’s lectures, from videos that are presented in-class and selected website that may be explored during a given lecture.

MAKE-UP EXAMS:

University policy requires that a make-up examination be given for all exams that are missed with a University approved excuse. College of Business policy requires that such make-up exams be given within two weeks. It is the student’s responsibility to provide the instructor with a written University approved excuse at the time that the make-up is given. All makeup exams will be different from the exam given to the class and should be scheduled during the instructor’s posted office hours.

The schedule of exam dates, including make-ups, is given on the course calendar.

ATTENDENCE and GENERAL CLASSROOM BEHAVIOR:

Class Attendance is not required. Regardless of your attendance, you are expected to keep up with the assigned text reading and to view the chapter videos. If you elect to come to class you must comply with some basic courtesies that should be afforded your instructor and your classmates. No eating, drinking or reading newspapers during class. Remove hats and cutoff all beepers, phones or other disruptive electronic devises. Most importantly, please refrain from talking during the lectures.

Enter the classroom through the rear doors only. Do not use the emergence doors located on the stage. Please reserve the back 3 rows of seats for those students who come in late. It is also advisable not to sit in the three rows closest to the overhead screen.

COURSE CALENDAR: Click here to go to the course calendar.


Revised December, 2005

The background music is the Devil Went Down to Georgia.

This tune was popularized by the Charlie Daniels Band in 1979. It was a “#1 Country Tune” and then crossed over to become a “#3 Pop Tune.”