Homogeneous catalysis refers to reactions where the catalyst is in the same phase as the reactants. Common homogeneous catalysts include acids and bases in aqueous solutions. Homogeneous catalysts can provide selectivity in terms of chemoselectivity, regioselectivity, diastereoselectivity, and enantioselectivity. Important reaction types for homogeneous catalysis include oxidative addition, reductive elimination, migratory insertion, and β-hydride elimination. Key reactions discussed are hydrogenation, hydroformylation, hydrocyanation, and applications of Ziegler-Natta catalysts and Wilkinson's catalyst. Chiral induction with chiral ligands is also discussed for producing chiral molecules in drug synthesis such as L-DOPA