  This report summarizes the proceedings of the 2014 Mainz Institute for
Theoretical Physics (MITP) scientific program on "High precision fundamental
constants at the TeV scale". The two outstanding parameters in the Standard
Model dealt with during the MITP scientific program are the strong coupling
constant $\alpha_s$ and the top-quark mass $m_t$. Lacking knowledge on the
value of those fundamental constants is often the limiting factor in the
accuracy of theoretical predictions. The current status on $\alpha_s$ and $m_t$
has been reviewed and directions for future research have been identified.
