Foetal circulation refers to the movement of oxygenated and deoxygenated blood within a fetus, primarily through the placenta which connects the fetus to the mother's uterus. It involves key structures such as the umbilical cord, ductus venosus, ductus arteriosus, and foramen ovale, enabling the fetus to receive nutrients and oxygen while bypassing non-functional organs like the lungs and liver. After birth, significant changes occur in the circulatory system as these bypasses close, allowing for independent physiological function.