This book contains the lectures given at the Second Conference on Dynamics and Randomness held at the Centro de Modelamiento Matem tico of the Universidad de Chile, from December 9-13, 2003. This meeting brought together mathematicians, theoretical physicists, theoretical computer scientists, and graduate students interested in fields related to probability theory, ergodic theory, symbolic and topological dynamics. The courses were on: Some Aspects of Random Fragmentations in Continuous Times; Metastability of Ageing in Stochastic Dynamics; Algebraic Systems of Generating Functions and Return Probabilities for Random Walks; Recurrent Measures and Measure Rigidity; Stochastic Particle Approximations for Two-Dimensional Navier Stokes Equations; and Random and Universal Metric Spaces. The intended audience for this book is Ph.D. students on Probability and Ergodic Theory as well as researchers in these areas. The particular interest of this book is the broad areas of problems that it covers. We have chosen six main topics and asked six experts to give an introductory course on the subject touching the latest advances on each problem.