Abstract:

The paper deals with teaching of mathematics and its applications in subjects taught at the Faculty of Economics and Management (FEM) of the Slovak University of Agriculture (SUA) in Nitra. We point out the need of acquisition of mathematical apparatus and its subsequent utilization in financial and insurance practice which is included in the subject “Basics of insurance mathematics” in the 3rd year of Bachelor's study at FEM SUA in Nitra. This subject is a part of the bachelor study at agricultural oriented university. The inclusion of the subject “Basics of insurance mathematics” into context of education at FEM SUA in Nitra helps to prepare more complex graduates to practice.

The subject “Basics of insurance mathematics” includes the fundamentals of financial and insurance mathematics. This subject is provided for accredited study programs Quantitative Methods in Economics as a compulsory subject and for Accounting as a compulsory optional subject. Financial Mathematics provides useful applications of mathematics in the financial field. Insurance mathematics provides the basics of actuarial methods and the most common types of insurance products in the life and pension insurance. Knowledge and methods of financial and insurance mathematics can be applied not only in the context of business decisions, but also in the private decision-making process in life.

The aim of paper is comparison and evaluation of the study outcomes in mentioned subject from 2010 till 2016. Exam outcomes assessment in university study subjects is the important part of the educational process at universities in Slovak Republic and we focused on this topic in the research part of this paper.

Keywords:

Mathematics, mathematical apparatus, applications, financial and insurance mathematics, study outcomes.