When the action of a reductive group on a projective variety has a suitable linearisation, Mumfords geometric invariant theory (GIT) can be used to construct and study an associated quotient variety. In this article we describe how Mumfords GIT can be extended effectively to suitable actions of linear algebraic groups which are not necessarily reductive, with the extra data of a graded linearisation for the action. Any linearisation in the traditional sense for a reductive group action induces a graded linearisation in a natural way. The classical examples of moduli spaces which can be constructed using Mumfords GIT are moduli spaces of stable curves and of (semi)stable bundles over a fixed nonsingular curve. This more general construction can be used to construct moduli spaces of unstable objects, such as unstable curves or unstable bundles (with suitable fixed discrete invariants in each case, related to their singularities or Harder--Narasimhan type).
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