This document discusses gas exchange in the lungs. It covers the laws of gases, the partial pressure of gases, standardization of gas volumes, gas dissolution in fluids, gas diffusion through membranes, Fick's law of gas diffusion, the alveolar-capillary membrane, gas exchange across this membrane, equilibration of respiratory gases in the lungs, and the diffusion capacity of the lung. The key points are that oxygen diffuses from the alveoli into the blood while carbon dioxide diffuses out, and the solubility of carbon dioxide is much higher than oxygen allowing for faster diffusion.