Maxim Olshansky, Moscow University. The multigrid method is a powerful tool to solve algebraic systems of equations arising in many applications and it is known to be among a few methods to provide an optimal complexity in terms of arithmetic operations per unknown. Pioneered in the 70's, multigrid soon become a crucial ingredient in engineering software for numerical solution of PDEs and integral equations. A mathematical theory of multigrid methods is nowadays well established in application to such "nice" problems as elliptic equations with full regularity. However it is still in an infant stage for many other problems of interest, even for some of those where a long evidence of successful calculations exists in the engineering applications. In the talk we first recall how and why the multigrid methods work. Further convergence analysis for a model problem is outlined. Finally we present some recent results for multigrid methods for singular-perturbed problems.