Possible topics for presentation in the TDG
"Classical" approximation algorithms
Algortihms based on semidefinite programing. I would suggest the paer
Improved
Approximation Algorithms for Maximum Cut and Satisfiability
Problems by Goemns and Williamson 
The Goemans-Williamson algorithm for constrained forest problems.
A General Approximation Technique for Constrained
Forest Problems
J. Kleinberg and E. Tardos.  
Approximation Algorithms for Classification Problems with Pairwise
Relationships:Metric Partitioning and Markov Random Fields 
The Jain-Vazirani facility location and k-median algorithm.
Facility Location and k-Median Problems Using the Primal-Dual Schema
and Lagrangian Relaxation 
Kamal Jain:
A Factor 2 Approximation Algorithm for the Generalized Steiner Network
Problem.
The Held-Karp bound for the metric Traveling Salesman problem.
The best known approximation algorithm for metric TSP is the
1.5-approximation heuristic of Christofides. 
For the asymetric TSP (where we have a directed graph, but the
triangle inequality still holds), the best approximation achieved is
O(log n). 
However, there is a natural LP relaxation by Held and Karp. It has
been conjectured that the optimum of this LP is within a factor of 3/4
of the optimum TSP cost (even for the directed case). 
This is a big topic, perhaps David Williamson's
master thesis can serve as an introduction.
Embedding of metric spaces
Bartal's result that an arbitrary finite metric can be approximated by
a distribution over tree metrics. 
On Approximating Arbitrary Metrics by Tree Metrics 
Moses Charikar et al. improve the result by showing that O(n log n)
are enough.
Approximating a Finite Metric by a Small Number of Tree Metrics 
A tight bound on approximating arbitrary metrics by tree metrics
Game Theory
Selfish routing. 
T. Roughgarden and E. Tardos: 
How Bad is Selfish Routing?
Miscellaneous
- The Lazy Bureaucrat Scheduling Problem
 - Quasiconvex Analysis of Backtracking Algorithms
 - Memory Efficient Arithmetic
 - Approximate Frequency Counts over Data Streams, 
VLDB 2002