30753 - LARGE LANGUAGE MODELS FOR MARKET RESEARCH
Department of Marketing
Course taught in English
KAI ZHU
Suggested background knowledge
Mission & Content Summary
MISSION
CONTENT SUMMARY
The course is organized around several modules, each combining concepts, methods, and applications in market research:
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Foundations of LLMs and Generative AI for Market Research
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Prompt Engineering and LLM Evaluation
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Text Data Pipelines for Market Research
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Embeddings and Retrieval for Insight Generation
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AI-Augmented Survey and Experiment Design
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Applications in Marketing & Strategy
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Ethics, Governance, and Societal Impact
Throughout the course, students will work on practical projects where they design and implement AI workflows for real or realistic market research problems, using Python notebooks and/or LLM APIs and tools.
and econometric analysis.
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
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Explain the main concepts behind large language models and generative AI relevant for market research (pre-training, prompting, embeddings, retrieval).
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Describe how LLMs can be integrated into market research workflows: data collection, cleaning, coding, analysis, and reporting.
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Understand the role of embeddings and vector similarity for clustering, retrieval, and segmentation.
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Identify appropriate evaluation criteria and methods for assessing LLM-based tools (reliability, validity, bias, robustness).
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Recognize key ethical, legal, and societal issues related to using AI in marketing and consumer research.
APPLYING KNOWLEDGE AND UNDERSTANDING
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Implement end-to-end text analysis pipelines using LLMs and Python (or similar tools) to extract insights from unstructured data.
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Design and test prompts for different research tasks (classification, extraction, summarization, ideation) and refine them based on empirical feedback.
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Build and evaluate simple RAG or embedding-based applications for tasks such as insight search, FAQ automation, or clustering customer feedback.
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Use LLMs to assist in designing surveys and experiments, and critically assess when such assistance is appropriate.
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Design, document, and present an AI-enabled market research project that answers a specific managerial/research question, clearly explaining the methodological choices and limitations.
Teaching methods
- Lectures
- Practical Exercises
- Individual works / Assignments
DETAILS
- Practical Exercises
- In-class exercises
- Individual works / Assignments
- Project Work
- Project Presentation
For each topic in the course, we will combine lecture with hands-on exercises. Students will have opportunity to work with data to practice in LLM knowledge and techniques.
Assessment methods
| Continuous assessment | Partial exams | General exam | |
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ATTENDING STUDENTS
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Participation: 20%
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Engagement in class, contribution to discussions, completion of in-class exercises.
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Assignments and Project: 30%
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A set of individual or group assignments throughout the course.
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Evaluation based on technical correctness, clarity of documentation, and depth of insight.
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Final Exam: 50%
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Written exam on both conceptual knowledge and applied skills developed in the course.
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May include interpretation of code and outputs, design of AI workflows for specific research problems, and critical assessment of AI methods.
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Attendance will be registered at the beginning of the sessions.
To obtain the attending student status, students must attend at least 75% of the lessons.
NOT ATTENDING STUDENTS
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Final Exam: 100%
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Comprehensive written exam covering the entire syllabus, with a focus on understanding concepts, methods, and applications.
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May require reading and interpreting code snippets and AI workflows, even without having done the in-class exercises
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Teaching materials
ATTENDING AND NOT ATTENDING STUDENTS
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Lecture slides and Jupyter notebooks prepared by the instructor.
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Selected academic papers, reports, and practitioner articles on AI and market research.
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Links and documentation for LLM / AI tools and APIs used in class.
All materials will be made available on the course e-learning platform (e.g., Blackboard), along with instructions for software setup and data access.