THE 2013 ERP Core Readings Course Pack, a 4-volume set of books, includes all core and required readings for 2013, and digital access through the GDL.
Printed 4-volume books, plus digital access: US $475 (members) and $585 (non-members) ? plus shipping
Digital access only: $375 (members) and $485 (non-members)
Please Note: This is only available on a PC or MAC at this time.
2013 ERP Supplemental Course Pack - This would be for candidates that purchased the 2012 ERP Readings.
The 2013 ERP Supplemental Course Pack, a 2-volume set of books, includes only the new core readings for 2013.
Printed Version: US:$200 plus shipping (members)/US:$245 plus shipping (non-members)
Electronic only version: US $155 (members) / US $200 (non-members)
Please Note: This is only available on a PC or MAC at this time.
A summary of changes to the 2013 ERP Core Readings is available on the GARP website:
http://www.garp.org/erp/study-center/study-materials.aspx
Free ERP Core Readings By Section
Hydrocarbon Resources
Topics and Readings
Section 1.1 Exploration and Production
Peter A. Nolan and Mark C. Thurber. On the State's Choices of
Oil Company: Risk Management and the Frontier of the Petroleum Industry
(PESD Stanford, December 2010).
Section 1.3 Crude Oil Market Dynamics
and Pricing
Bassam Fattouh. An Anatomy of the Crude Oil
Pricing System (The Oxford Institute for Energy Studies,
January 2011).
Section 1.5 Liquefied Natural Gas
PriceWaterhouseCoopers: Today's LNG
Market Dynamics (May 2010)
Section 1.6 Unconventional Products
Deutsche
Bank. Oil and Gas for Beginners: A Guide to the Oil and Gas Industry
(September 2010).
Sections
on Canada's Oil Sands, Gas-to-Liquids (GTL), Coal Bed Methane, and
Tight & Shale Gas only
Michael
Toman, Aimee E. Curtright, David S. Ortiz, Joel Darmstadter, Brian Shannon. Unconventional
Fossil-
Based Fuels: Economic and Environmental Trade-Offs (Santa
Monica, CA: Rand, 2008).
Chapter 4 ....................Oil Sands and Synthetic Crude Oil
Section 1.7 Global Gas Price Formation
International Gas Union. Wholesale
Gas Price Formation - A Global View of Price Drivers and Regional
Trends (June 2011)
Sections: 1, 2, 3, 4, 5, 8, 9 and 10 only.
Section 1 Hydrocarbon Resources Readings
Electricity Production and Distribution
Topics and Readings
Section 2.2 Practical Application
of Electricity Spot Market Models
PJM Interconnection. How RTOs Establish Spot Market Prices.
(September 2007)
Henry Louie and Kai Strunz. Locational Marginal Pricing in North American
Power Systems.
PJM Interconnection. Financial Transmission Rights (July
2009)
Sections 1, 2, 6 and 8 only.
Nord Pool Spot. The Nordic Electricity Exchange and Model for
a Liberalized Electricity Market.
Section 2 Electricity Production and Distribution Readings
Renewable Energy
Topics and Readings
Section 3.1 Overview of Renewable
Markets
Geoffrey
Heal. The Economics of Renewable Energy (2009).
Govinda
Timilsina and Ashish Shrestha. Biofuels: Markets, Targets
and Impacts (The World Bank, July 2010).
Sections
1, 2, 3, 4 and 5 only.
Section 3.2 Wind and the European
Electricity Market: A Practical Application of Renewable Power
European Wind Energy Association. The Economics of Wind Energy (March
2009).
European Wind Energy Association. Creating the Internal Energy Market in Europe
(September 2012).
Section 3.3 Project Finance for
Renewable Energy
Chris Grobey, John Pierce, Michael Faber and Greg
Broome. Project Finance Primer for Renewable Energy and Clean Tech Projects
Section 3.4 Trends in the Carbon
Pricing and Emissions Trading
Joseph E. Aldy and Robert N. Stavins. The Promise and Problems of Carbon Pricing: Theory
and Experience (Harvard Environmental Economics Program,
October 2011).
Larry Parker. Climate Change and the EU-Emissions Trading Scheme (ETS): Looking
to 2020 (US Congressional Research Service, January 2010).
Section 3 Renewable Energy Readings
Financially Traded Products and Real Options
Topics and Readings
Section 4.6 OTC Derivative Trade
Process
Nichole Framularo. OTC Commodity Derivatives Trade Processing Lifecycle
Events. (ISDA Working Paper, April 2012)
Section 4.7 Real Options
William Bailey, Benoit Couet, Ashish Bhandari, Soussan
Faiz, Sunaram Srinivasan and Helen Weeds. Unlocking the Value of Real
Options (Oilfield Review Winter 2003/2004).
Section 4 Financially Traded Products and Real Options Readings (Link
to reading package)
Price Formation, Market Risk and Valuation
Topics and Readings
Section 5.5 Market Risk Measurement
and Management
Alessandro
Mauro. Price Risk Management in the Energy Industry: The Value at Risk Approach,
Proceedings
of the XXII Annual International Conference of the International Association
for Energy
Economics
(June 9-12, 1999).
Louis
Guth and Kristina Sepetys. Value at Risk: Variations on a Theme
(Global Energy Business (May/June 2001).
Jose
Ramon Aragones, Carlos Blanco, and Kevin Dowd. Incorporating Stress Tests
into Market Risk Modeling
(Institutional
Investor, Inc. Spring 2001).
Ludwig Chincarini. A Case Study on Risk Management: Lessons from
the Collapse of Amaranth Advisors L.L.C.
Section 5 Price Formation, Market Risk and Valuation Readings (Link
to reading package)
Credit and Counterparty Risk
Topics and Readings
Section 6.2 Fundamentals of Central
Counterparty Clearing
Craig Pirrong. The Economics of Central Counterparty
Clearing: Theory and Practice. (ISDA Working Paper).
Section 6 Credit and Counterparty Risk Readings
Operational Risk and Strategic Risk Management
Topics and Readings
Section 7.1 Operational Risk Evaluation
Mark A. Cohen, Madeline Gottlieb, Joshua Linn, and
Nathan Richardson. Deepwater Drilling: Law, Policy and Economics of
Firm Organization and Safety (January 2011).
NERA Economic Consulting. Lessons from the BP Deepwater
Horizon Oil Spill (September 2010).
Robert Bea, Ian Mitroff, Daniel Farber, Howard Foster and Karlene
H. Roberts. A New Approach to Risk:
The Implications
of E3 (Palgrave Macmillan 2009).
Senior Supervisors Group. Observations
on Developments in Risk Appetite Frameworks and IT Infrastructure (December
2010).
Section 7.2 Strategic Risk Management
and Corporate Governance
International Finance Corporation (IFC). Risk Taking: A Corporate Governance Perspective
(June 2012).
Section 7 Operational Risk and Strategic Risk Management Readings
Current Issues in Energy
Topics and Readings
Section 8.1 Current Issues in Energy
Bassam Fattouh and James Henderson. The Impact of Russia's Refinery Upgrade Plans
on Global Fuel Oil Markets (The Oxford Institute for Energy
Studies).
Ernst & Young. The Oil Downstream: Vertically Challenged?
Michael Ratner, Paul Belkin, and Jim Nochal. Europe's Energy Security: Options and Challenges
to Natural Gas Supply Diversification (US Congressional
Research Service).
Frank Huntowski, Aaron Patterson, and Michael Schnitzer. Negative Electricity Prices and the Production
Tax Credit (The Northbridge Group)
Shaun
Ledgerwood, Gary Taylor, Romkaew Broehm and Dan Arthur. Losing Money to Increase Profits:
A Proposed
Framework for Defining Market Manipulation (The Brattle Group, March 2011).
Sherman & Sterling LLP. A Corporate End-User's Handbook for Dodd-Frank
Title VII Compliance.
Baker Botts. CFTC Adopts Final "Swap"
Definition, Interprets Statutory Exclusion for Physical Delivery Forwards.
Bassam Fattouh and James Henderson. The Impact of Russia's Refinery Upgrade Plans
on Global Fuel Oil Markets
The Impact of Russia's Refinery Upgrade Plans on Global Fuel Oil
Markets
Section 8 Current Issues in Energy Readings
