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These lecture notes provide a pedagogical introduction to a specific continuum implementation of the Wilsonian renormalization group, the effective average action. Its general properties and, in particular, its functional renormalization group equation are explained in a simple scalar setting. The approach is then applied to Quantum Einstein Gravity (QEG). The possibility of constructing a fundamental theory of quantum gravity in the framework of Asymptotic Safety is discussed and the supporting evidence is summarized.

Functional renormalization group equations, asymptotic safety, and quantum Einstein gravity