Providing a timely description of the present state of the art of moduli spaces of curves and their geometry, this volume is written in a way which will make it extremely useful both for young people who want to approach this important field, and also for established researchers, who will find references, problems, original expositions, new viewpoints, etc. The book collects the lecture notes of a number of leading algebraic geometers and in particular specialists in the field of moduli spaces of curves and their geometry. This is an important subject in algebraic geometry and complex analysis which has seen spectacular developments in recent decades, with important applications to other parts of mathematics such as birational geometry and enumerative geometry, and to other sciences, including physics. The themes treated are classical but with a constant look to modern developments (see Cascini, Debarre, Farkas, and Sernesi's contributions), and include very new material, such as Bridgeland stability (see Macri's lecture notes) and tropical geometry (see Chan's lecture notes).

We investigate GIT quotients of polarized curves. More specifically, we study the GIT problem for the Hilbert and Chow schemes of curves of degree d and genus g in a projective space of dimension d-g, as d decreases with respect to g. We prove that the first three values of d at which the GIT quotients change are given by d=a(2g-2) where a=2, 3.5, 4. We show that, for a>4, L. Caporaso's results hold true for both Hilbert and Chow semistability. If 3.5