This document describes principles of electromagnetic induction and various experiments conducted by Michael Faraday. It explains Faraday's law of induction and Lenz's law. It then discusses the working principles of AC generators and transformers. AC generators produce alternating current using a coil rotating in a magnetic field with slip rings. Transformers use the principle of electromagnetic induction to change voltage levels using a primary and secondary coil around an iron core, with different turn ratios determining voltage increase or decrease.