The document discusses AC circuits using phasors to represent voltages and currents. It introduces the concepts of resistive reactance (R), capacitive reactance (XC), and inductive reactance (XL). R causes voltage to be in phase with current, while XC causes voltage to lag current by 90° and XL causes voltage to lead current by 90°. Together, R, XC and XL determine the impedance (Z) and phase angle (φ) of the circuit. The document uses an example of an L-C circuit to show how to calculate the frequency where XC and XL are equal.