This volume is the third and last of a series devoted to the lecture notes of the Grenoble Summer School on "Open Quantum Systems" which took place at the th th Institut Fourier from June 16 to July 4 2003. The contributions presented in this volumecorrespondtoexpanded versionsofthelecturenotesprovidedbytheauthors to the students of the Summer School. The corresponding lectures were scheduled in the last part of the School devoted to recent developments in the study of Open Quantum Systems. Whereas the rst two volumes were dedicated to a detailed exposition of the mathematical techniques and physical concepts relevant in the study of Open S- tems with noapriori pre-requisites, the contributions presented in this volume request from the reader some familiarity with these aspects. Indeed, the material presented here aims at leading the reader already acquainted with the basics in ? quantum statistical mechanics, spectral theory of linear operators, C -dynamical systems, and quantum stochastic differential equations to the front of the current research done on various aspects of Open Quantum Systems. Nevertheless, pe- gogical efforts have been made by the various authors of these notes so that this volume should be essentially self-contained for a reader with minimal previous - posure to the themes listed above. In any case, the reader in need of complements can always turn to these rst two volumes. The topics covered in these lectures notes start with an introduction to n- equilibrium quantum statistical mechanics.

Understanding dissipative dynamics of open quantum systems remains a challenge in mathematical physics. This problem is relevant in various areas of fundamental and applied physics. Significant progress in the understanding of such systems has been made recently. These books present the mathematical theories involved in the modeling of such phenomena. They describe physically relevant models, develop their mathematical analysis and derive their physical implications.

Understanding dissipative dynamics of open quantum systems remains a challenge in mathematical physics. This problem is relevant in various areas of fundamental and applied physics. From a mathematical point of view, it involves a large body of knowledge. Significant progress in the understanding of such systems has been made during the last decade. These books present in a self-contained way the mathematical theories involved in the modeling of such phenomena. They describe physically relevant models, develop their mathematical analysis and derive their physical implications.

In Volume I the Hamiltonian description of quantum open systems is discussed. This includes an introduction to quantum statistical mechanics and its operator algebraic formulation, modular theory, spectral analysis and their applications to quantum dynamical systems.

Volume II is dedicated to the Markovian formalism of classical and quantum open systems. A complete exposition of noise theory, Markov processes and stochastic differential equations, both in the classical and the quantum context, is provided. These mathematical tools are put into perspective with physical motivations and applications.

Volume III is devoted to recent developments and applications. The topics discussed include the non-equilibrium properties of open quantum systems, the Fermi Golden Rule and weak coupling limit, quantum irreversibility and decoherence, qualitative behaviour of quantum Markov semigroups and continual quantum measurements.