Selected topics on precision tests of the Standard Model of the Electroweak and the Strong Interaction at the LEP $e^+e^-$ collider are presented, including an update of the world summary of measurements of $alpha_s$, representing the state of knowledge of summer 1999. This write-up of lecture notes consists of a reproduction of slides, pictures and tables, supplemented by a short descriptive text and a list of relevant references.
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