BECC-109 IGNOU Guess Paper 2026-27

BECC-109 Guess Paper: Intermediate Macroeconomics-II (TEE Exam Focus)

This structured guess paper synthesizes key trends from IGNOU’s June/December TEE sessions (2018–2023) for BECC-109 (Intermediate Macroeconomics-II), covering Blocks 1–4 with chapter-wise weightage and time-management strategies.

1. Block-1: Economic Growth Solow Model & Catch-Up Dynamics

Past TEE trends show 30–35% weightage on Solow’s neoclassical growth model, steady-state analysis, and conditional/convergence hypotheses. Expect:

• Derivation of per-capita production function (Y/K) with diminishing MPK.
• Numerical problems on savings rate (s), depreciation (δ), and population growth (n).
• Comparative statics: Effect of s or δ on steady-state capital/output ratio.
• Critiques of Solow (e.g., technological change, human capital).

2. Block-2: Microeconomic Foundations IS-LM & Keynesian Cross

This block carries 25–30% of marks, emphasizing equilibrium analysis. Focus on:

• IS-LM framework:
  • Derivation of IS curve (output Y vs. interest rate r) with government spending (G) and tax (T) shifts.
  • LM curve: Money market equilibrium with M/P and income elasticity of money demand.
  • Policy multipliers: Fiscal (ΔY/ΔG) vs. monetary (ΔY/ΔM) effects.
• Keynesian Cross:
  • Income-expenditure equilibrium with autonomous spending (A) and MPC (c).
  • Multiplier analysis: ΔY = (1/(1−c))ΔA.

3. Block-3: Fiscal & Monetary Policy Tools & Trade-offs

Expect 20–25% of questions on policy instruments, with emphasis on:

• Fiscal policy:
  • Crowding-out effects in IS-LM (shift vs. rotation of LM).
  • Phillips curve: Short-run trade-off between inflation and unemployment.
• Monetary policy:
  • Open-market operations, reserve requirements, and interest rate targeting.
  • Taylor rule: i = π + r + (π − π) + (y − y*).
• Controversies: Keynesian vs. Monetarist views on demand-side policies.

4. Block-4: School of Macroeconomic Thought Historical Debates

This block (15–20% weightage) tests conceptual clarity. Prioritize:

• Classical vs. Keynesian views on aggregate demand (Say’s Law vs. effective demand).
• New Classical vs. New Keynesian models (rational expectations, sticky wages/prices).
• Post-Keynesian critiques: Minsky’s financial instability hypothesis.

Exam Time-Management Tips (3-Hour Strategy)

• Allocate 45 mins for reading the 30-mark descriptive question (Block-4 thought debates).
• Spend 60 mins on numerical problems (Blocks 1–3), solving 2–3 high-yield questions.
• Leave 30 mins for short-answer questions (2 marks each) on definitions/terms.
• Prioritize IS-LM and Solow model derivations—they appear annually.

FAQs for BECC-109 TEE

Q: Are past-year papers sufficient for preparation? Yes, but focus on 2019–2023 sessions, as IGNOU repeats question patterns every 4–5 years. Combine with Study Material Block-1 to 4 for conceptual depth.

Q: How to score full marks in numerical problems? Master comparative statics