About This Solved Paper
| Prepared by | Unnati Education, IGNOU-experienced academic content writer |
|---|---|
| Qualification | Graduate with specialisation in Economics |
| Programme | IGNOU Bachelor of Arts General (BAG) |
| Institution Reference | IGNOU Term-End Examination December 2025 |
This is the official December 2025 question paper for BECC-134 Principles of Macroeconomics-II under IGNOU's Bachelor of Arts General programme. The BECC 134 Question Paper December 2025 covers LM curve derivation, demand-pull and cost-push inflation, the monetary approach to exchange rate determination, AD curve from IS-LM, fiscal policy effects, aggregate supply, the Phillips curve, and balance of payments. If you want to prepare with the actual paper and model answers written for IGNOU's evaluation style, this is exactly where to start.
What is BECC-134 Question Paper December 2025?
The BECC-134 December 2025 question paper is a 100-mark IGNOU examination for Principles of Macroeconomics-II under BAG, covering IS-LM analysis, inflation, exchange rates, and AD-AS theory across three structured sections.
This paper is diagram-heavy and conceptually demanding. Questions require you to derive curves, compare theoretical approaches, and analyse policy impacts. Most students notice that Section A questions often have multiple layers, asking you to derive a model, explain a point outside the curve, and then discuss slope determinants all within the same answer. Here is the important part: each layer needs its own clear heading or paragraph for full marks.
About IGNOU BECC-134 - Principles of Macroeconomics-II
BECC-134 is the second macroeconomics paper in the IGNOU BAG Economics programme. It builds directly on BECC-133 and takes students into more advanced territory. The IS-LM framework forms the backbone of the course, and most major topics connect back to it. Understanding how the LM curve is derived, how it shifts, and what points off the curve represent is foundational for this paper.
Beyond IS-LM, the course covers inflation in both demand-pull and cost-push forms, the monetary approach to exchange rate determination, different exchange rate regimes, the Phillips curve in short-run and long-run forms, aggregate supply in the medium run, and balance of payments accounting. That is a wide syllabus, which is why strategic preparation using the actual question paper matters.
BECC 134 Exam Pattern and Marks Breakdown
Section A carries 40 marks total. You attempt any 2 questions from 4, each worth 20 marks. Answers should be around 500 words and almost always require one or more diagrams. Planning your answer structure before writing saves significant time.
Section B carries 48 marks total. You attempt any 4 questions from 7, each worth 12 marks. Aim for 250 words per answer. Some questions have two distinct sub-parts, so divide your answer accordingly.
Section C carries 12 marks total. You write short notes on any 2 topics from 4, each worth 6 marks. Keep answers tight, around 100 words, and lead with a clear definition.
Total: 100 marks, 3 hours.
All Questions - BECC 134 Question Paper December 2025 IGNOU (Complete List)
Section A - Answer any two questions from this Section in about 500 words each. 2x20=40
Derive LM curve. What does a point outside the LM curve mean? Discuss the factors that determine the slope and position of the LM curve.
Distinguish between demand pull and cost push inflation. How does inflation affect the different sections of the society?
Explain the monetary approach to exchange rate determination.
Explain how the Aggregate Demand (AD) curve is derived from IS-LM model. Why does AD curve slope downwards?
Section B - Answer any four questions from this Section in about 250 words each. 4x12=48
What do you understand by propensity to consume? Does it have any association with the multiplier? Explain.
Describe the factors that influence the Aggregate Supply (AS) curve in medium run.
Explain the impact of expansionary fiscal policy on equilibrium price and output levels.
Distinguish between the following: (a) Wholesale Price Index and Consumer Price Index (b) Adaptive and Rational expectations
Explain the various types of exchange rate regimes.
What is meant by Balance of Payments? Explain its various components.
Identify the variables which are shown by the Phillips curve. Construct the short-run and long-run Phillips curve and interpret them.
Section C - Write short notes on any two of the following. 2x6=12
(a) Effective demand (b) Output gap (c) Nominal exchange rate (d) Absolute purchasing power parity
BECC 134 Syllabus Topics Covered
This paper draws from the complete BECC-134 syllabus. Key areas include the derivation and interpretation of the LM curve, the IS-LM based derivation of the AD curve, types of inflation and their social impact, the monetary approach to exchange rate determination, exchange rate regimes, factors affecting the medium-run aggregate supply curve, the effect of expansionary fiscal policy on price and output, price indices, adaptive versus rational expectations, balance of payments components, the Phillips curve in both time horizons, and short note concepts like effective demand and purchasing power parity.
Sample Answer Preview - BECC-134 Principles of Macroeconomics-II Solved Paper
Here is a brief look at how a high-scoring answer to Question 1 would be structured.
The LM curve is derived from the money market equilibrium condition. At each income level, we find the interest rate at which money demand equals money supply. As income rises, money demand increases, and the interest rate must rise to restore equilibrium. Plotting these income-interest rate combinations gives an upward-sloping LM curve. A point to the right of the LM curve means money demand exceeds supply, so the interest rate will rise to restore equilibrium.
A complete answer includes a clearly labelled diagram and a separate paragraph on slope and position determinants. Get the full BECC-134 solved question paper for all sections.
How to Write High-Scoring Answers in BECC 134 Question Paper
For Section A, plan your answer in three parts before you write. For the LM curve question, that means: derivation with diagram, explanation of a point outside the curve, and then slope and position factors. Give each part a clear heading in your answer book.
For Section B questions with sub-parts like Question 8, treat each sub-part as a mini-answer. Define both terms, then contrast them clearly. For the Phillips curve question, draw both the short-run and long-run versions on the same diagram and explain them separately. For Section C, one precise definition plus two or three lines of explanation is enough for full marks.
Who Should Use This BECC-134 Solved Question Paper?
This solved paper is most useful for BAG Economics students preparing for the December 2025 term-end exam or a back paper. Students who understand the theory from their blocks but are unsure how to structure diagram-based answers will benefit the most. It is also valuable for anyone who wants to check their own answers against a well-structured model response before submission or exam day.
Why This is Better Than Free BECC-134 December 2025 PDFs and Telegram Files
Free Telegram files for BECC-134 are usually just scanned question papers with no answers, or unverified notes that do not match IGNOU's marking expectations. Unnati Education's solved paper is written specifically for IGNOU's evaluation format. Every diagram-based answer includes labelling guidance. Every distinction question is answered with a clear two-part structure. That level of exam-specific framing is what separates a useful resource from a random PDF.
Student Reviews - BECC-134 Solved Question Paper by Unnati Education
"The LM curve derivation answer was the clearest explanation I found anywhere. The diagram description helped me understand exactly what to draw." — Vikram S., BAG Economics Student, IGNOU
"Question 8's distinction between WPI and CPI alongside adaptive and rational expectations was explained so neatly. Saved me a lot of time." — Pooja R., IGNOU December 2025 Student
"The Phillips curve answer with both short-run and long-run construction was exactly what I needed for my revision." — Nikhil M., BAG Student, IGNOU
How to Get the BECC-134 Solved Question Paper December 2025
Getting your solved paper is simple and quick. First, contact Unnati Education through the WhatsApp link or contact form on this page. Second, share your course code BECC-134 and confirm the December 2025 session. Third, receive your complete solved paper with answers for all three sections. Most students get their paper within minutes of reaching out.
Frequently Asked Questions
What is BECC-134?
BECC-134 is Principles of Macroeconomics-II, a core paper under IGNOU's Bachelor of Arts General Economics programme. It is the second macroeconomics paper in the BAG curriculum and covers the IS-LM model, inflation types, exchange rate determination, aggregate demand and supply, fiscal policy, the Phillips curve, balance of payments, and related macroeconomic frameworks tested in the IGNOU Term-End Examination.
What is the exam pattern and marks distribution for BECC-134?
The paper carries 100 marks and is 3 hours long. Section A has four questions and you attempt any two, each worth 20 marks and approximately 500 words. Section B has seven questions and you attempt any four, each worth 12 marks and approximately 250 words. Section C has four short note topics and you write on any two, each worth 6 marks and approximately 100 words. Many questions require diagrams.
What are the most important topics in Principles of Macroeconomics-II for December 2025?
Based on the actual December 2025 question paper, the most tested topics include LM curve derivation and interpretation, AD curve from the IS-LM model, demand-pull versus cost-push inflation, the monetary approach to exchange rate determination, expansionary fiscal policy effects, factors affecting medium-run aggregate supply, exchange rate regimes, balance of payments components, the Phillips curve in short and long run, and short notes on effective demand and purchasing power parity.
How can I access the IGNOU BECC-134 question paper with solved answers?
You can get the complete BECC-134 solved question paper through Unnati Education by following the three-step process described above. The solved paper includes diagram labelling guidance, structured written answers, and distinction-format responses for all sections of the December 2025 exam.
About Unnati Education - IGNOU Study Material Experts
Unnati Education has been helping IGNOU students prepare smarter across programmes for years. Every solved paper is prepared by an IGNOU-experienced academic content writer with graduate-level specialisation in economics. Our content aligns with the IGNOU Term-End Examination December 2025 official schedule and follows IGNOU's assessment framework. We serve students across BAG, BAECH, BAFEC, BCOMF, and other IGNOU undergraduate economics programmes.
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You have seen the questions. You know what this exam expects. Now prepare with answers that are diagram-ready, structured correctly, and written for IGNOU's evaluation style. Get the BECC-134 solved question paper from Unnati Education and walk into your exam fully prepared.